Registration number:
Touch Of Angels TOA Ltd
for the Year Ended 30 November 2024
Touch Of Angels TOA Ltd
Contents
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Touch Of Angels TOA Ltd
(Registration number: 10050460)
Balance Sheet as at 30 November 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
( |
( |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
267 |
267 |
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Share premium reserve |
99,933 |
99,933 |
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Retained earnings |
(155,800) |
(170,578) |
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Shareholders' deficit |
(55,600) |
(70,378) |
Touch Of Angels TOA Ltd
(Registration number: 10050460)
Balance Sheet as at 30 November 2024
For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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......................................... |
Touch Of Angels TOA Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
At 30 November 2024 the company had net liabilities of £55,600. H Guerroudj has confirmed that he will continue to provide such financial support as is necessary to enable the company to meet its liabilities as they fall due and these accounts have therefore been prepared on the going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of catering activities in the golf clubhouse at Ryehill Golf Club and Hampshire Golf Club. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Tax
The tax expense for the period comprises current tax payable.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Touch Of Angels TOA Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant and equipment |
25% straight line basis |
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Furniture and fittings |
25% straight line basis |
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Office equipment |
25% straight line basis |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Touch Of Angels TOA Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Tangible assets |
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Fixtures and fittings |
Plant and machinery |
Office equipment |
Total |
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Cost or valuation |
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At 1 December 2023 |
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Disposals |
- |
( |
( |
( |
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At 30 November 2024 |
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- |
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Depreciation |
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At 1 December 2023 |
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Charge for the year |
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- |
- |
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Eliminated on disposal |
- |
( |
( |
( |
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At 30 November 2024 |
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- |
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Carrying amount |
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At 30 November 2024 |
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( |
- |
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At 30 November 2023 |
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Stocks |
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2024 |
2023 |
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Other inventories |
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Debtors |
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Note |
2024 |
2023 |
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Amounts owed by related undertakings |
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Other debtors |
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Total current trade and other debtors |
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Touch Of Angels TOA Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
- |
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Amounts owed to related undertakings |
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Other creditors |
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- |
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Creditors: amounts falling due after more than one year
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Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
Current loans and borrowings
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2024 |
2023 |
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Bank borrowings |
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Non-current loans and borrowings
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2024 |
2023 |
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Bank borrowings |
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Touch Of Angels TOA Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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Related party transactions |
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2024 |
At 1 December 2023 |
At 30 November 2024 |
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L Flake Guerroudj |
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Director loan |
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2023 |
At 1 December 2022 |
At 30 November 2023 |
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L Flake Guerroudj |
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Director loan |
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Other related party transactions
During the year Hampshire Golf Ltd received income and made payments on behalf of Touch of Angels TOA Ltd. At the balance sheet date the amount owed from Hampshire Golf Ltd was £184,343 (2023: £173,079).
During the year Ryehill Golf Ltd received income and made payments on behalf of Touch of Angels TOA Ltd. At the balance sheet date the amount owed from Ryehill Golf Ltd was £86,175 (2023: £74,473).