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REGISTERED NUMBER: 13666220 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

GEN-Z FOOTBALL LIMITED

GEN-Z FOOTBALL LIMITED (REGISTERED NUMBER: 13666220)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GEN-Z FOOTBALL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: A Burton





REGISTERED OFFICE: 151 Wardour Street, Soho
London
W1F 8WF





REGISTERED NUMBER: 13666220 (England and Wales)





ACCOUNTANTS: Factotum Group LLP
85 Great Portland Street
London
W1W 7LT

GEN-Z FOOTBALL LIMITED (REGISTERED NUMBER: 13666220)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,523 108

CURRENT ASSETS
Debtors 5 52,387 10,979
Cash at bank 11,087 12,507
63,474 23,486
CREDITORS
Amounts falling due within one year 6 63,813 23,280
NET CURRENT (LIABILITIES)/ASSETS (339 ) 206
TOTAL ASSETS LESS CURRENT LIABILITIES 2,184 314

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,084 214
2,184 314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9th July 2025 and were signed by:





A Burton - Director


GEN-Z FOOTBALL LIMITED (REGISTERED NUMBER: 13666220)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. Statutory information

Gen-Z Football Limited 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.

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.

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

Tangible fixed assets
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis :

Computer equipment - 25% Straight Line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2023 - 1 ) .

GEN-Z FOOTBALL LIMITED (REGISTERED NUMBER: 13666220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1st November 2023 199
Additions 2,505
At 31st October 2024 2,704
Depreciation
At 1st November 2023 91
Charge for year 90
At 31st October 2024 181
Net book value
At 31st October 2024 2,523
At 31st October 2023 108

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 4,603 9,905
Other debtors 47,784 1,074
52,387 10,979

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 4,904 -
Taxation and social security 21,212 18,829
Other creditors 37,697 4,451
63,813 23,280

7. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31st October 2024 and 31st October 2023:

2024 2023
£    £   
A Burton
Balance outstanding at start of year - -
Amounts advanced 89,267 -
Amounts repaid (41,483 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47,784 -

The balance of £47,784 was repaid within 9 months of the balance sheet date.

GEN-Z FOOTBALL LIMITED (REGISTERED NUMBER: 13666220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


8. Related party disclosures

At the Balance Sheet date the Company was a wholly owned subsidiary of Gen-Z Sports & Media Group Limited, a company incorporated in the United Kingdom. This Company was under the control of the Director.

9. Ultimate controlling party

The controlling party is A Burton.