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REGISTERED NUMBER: 07713364 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Strike The Gold Foods Ltd

Strike The Gold Foods Ltd (Registered number: 07713364)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Strike The Gold Foods Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J R Keeler Angarita
C H Constable





SECRETARY: Abogado Nominees Limited





REGISTERED OFFICE: 100 New Bridge Street
London
EC4V 6JA





REGISTERED NUMBER: 07713364 (England and Wales)






Strike The Gold Foods Ltd (Registered number: 07713364)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 67,377 125,672
Debtors 4 17,416 60,873
Cash at bank 5 55,927 34,958
140,720 221,503
CREDITORS
Amounts falling due within one year 6 419,782 419,540
NET CURRENT LIABILITIES (279,062 ) (198,037 )
TOTAL ASSETS LESS CURRENT LIABILITIES (279,062 ) (198,037 )

CREDITORS
Amounts falling due after more than one
year

7

10,602

16,917
NET LIABILITIES (289,664 ) (214,954 )

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings (290,664 ) (215,954 )
SHAREHOLDERS' FUNDS (289,664 ) (214,954 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Strike The Gold Foods Ltd (Registered number: 07713364)

Statement of Financial Position - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:





C H Constable - Director


Strike The Gold Foods Ltd (Registered number: 07713364)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Strike The Gold Foods Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

At the statement of financial position date the company had net liabilities of £289,664 (2022 - £214,954). However, creditors include £319,971 (2022 - £319,971) owed to the director J R Keeler Angarita and a business controlled by him, and they have signified their willingness to continue to support the company. The companies owned by Mr Keeler-Angarita also continue to support the operations of Strike The Gold Foods Limited via supply chain assistance. In view of the aforementioned matters, and on the assumption that the support provided continues to be available, the directors consider that the company remains a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Strike The Gold Foods Ltd (Registered number: 07713364)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,968 45,128
Other debtors 5,448 15,745
17,416 60,873

5. CASH AT BANK
2023 2022
£    £   
Bank account 2,240 18,701
Factoring reserves 53,687 16,257
55,927 34,958

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 7,000 7,000
Trade creditors 329,626 329,452
Other creditors 83,156 83,088
419,782 419,540

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 10,602 16,917

Strike The Gold Foods Ltd (Registered number: 07713364)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,000 7,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,000 7,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,602 9,917

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000