1710 Gaming Ltd - Period Ending 2020-01-31

1710 Gaming Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

1710 Gaming Ltd

Company Information

Director

Ms C Thakor-Rankin

Registered office

91 St. Dunstans Road London W6 8RE

Accountants

Michaelides Warner & Co 102 Fulham Palace Road London W6 9PL

1710 Gaming Ltd

(Registration number: 08383897)
Balance Sheet as at 31 January 2020

	Note	31 January 2020 £	31 January 2019 £
Fixed assets
Intangible assets	4	160	180
Tangible assets	5	512	202
		672	382
Current assets
Debtors	6	144,172	7,273
Cash at bank and in hand		426,903	474,636
		571,075	481,909
Creditors: Amounts falling due within one year	7	(60,653)	(56,227)
Net current assets		510,422	425,682
Net assets		511,094	426,064
Capital and reserves
Called up share capital	8	1	1
Profit and loss account		511,093	426,063
Shareholders' funds		511,094	426,064

For the financial year ending 31 January 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 31 January 2021

.........................................

Ms C Thakor-Rankin
Director

1710 Gaming Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2020

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
91 St. Dunstans Road
London
W6 8RE

2	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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Judgements

The director considers that there are no key judgements that management have made in the process of applying the company’s accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

1710 Gaming Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2020 (continued)

2	Accounting policies (continued)

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.

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:

Asset class	Depreciation method and rate
Office equipment	25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trademark	Straight line over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.
 
 

1710 Gaming Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2020 (continued)

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2019 - 1).

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 February 2019	200	200
At 31 January 2020	200	200
Amortisation
At 1 February 2019	20	20
Amortisation charge	20	20
At 31 January 2020	40	40
Carrying amount
At 31 January 2020	160	160
At 31 January 2019	180	180

1710 Gaming Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2020 (continued)

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 February 2019	2,920	2,920
Additions	682	682
At 31 January 2020	3,602	3,602
Depreciation
At 1 February 2019	2,718	2,718
Charge for the year	372	372
At 31 January 2020	3,090	3,090
Carrying amount
At 31 January 2020	512	512
At 31 January 2019	202	202

6

Debtors

	31 January 2020 £	31 January 2019 £
Trade debtors	43,682	6,783
Other debtors	100,490	490
	144,172	7,273

1710 Gaming Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2020 (continued)

7

Creditors

Creditors: amounts falling due within one year

	31 January 2020 £	31 January 2019 £
Due within one year
Taxation and social security	31,261	26,869
Accruals and deferred income	1,380	1,380
Other creditors	28,012	27,978
	60,653	56,227

8	Share capital

Allotted, called up and fully paid shares

	31 January 2020		31 January 2019
	No.	£	No.	£
Ordinary share of £1 each	1	1	1	1

9	Related party transactions

Transactions with directors

2020	At 1 February 2019 £	Advances to directors £	Repayments by director £	At 31 January 2020 £
Amount owed to the Director	27,978	(25,244)	25,279	28,013

2019	At 1 February 2018 £	Advances to directors £	Repayments by director £	At 31 January 2019 £
Amount owed to the Director	23,498	(603)	5,084	27,978