ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

DOUBLE O GLOBAL LIMITED - Company Information

Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312024-05-282023-03-312024-05-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01false93130 - Fitness facilities11falsetrue 10557067 2022-04-01 2023-03-31 10557067 2021-04-01 2022-03-31 10557067 2023-03-31 10557067 2022-03-31 10557067 c:Director1 2022-04-01 2023-03-31 10557067 d:PlantMachinery 2022-04-01 2023-03-31 10557067 d:PlantMachinery 2023-03-31 10557067 d:PlantMachinery 2022-03-31 10557067 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10557067 d:MotorVehicles 2022-04-01 2023-03-31 10557067 d:MotorVehicles 2023-03-31 10557067 d:MotorVehicles 2022-03-31 10557067 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10557067 d:FurnitureFittings 2022-04-01 2023-03-31 10557067 d:FurnitureFittings 2023-03-31 10557067 d:FurnitureFittings 2022-03-31 10557067 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10557067 d:ComputerEquipment 2022-04-01 2023-03-31 10557067 d:ComputerEquipment 2023-03-31 10557067 d:ComputerEquipment 2022-03-31 10557067 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10557067 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10557067 d:CurrentFinancialInstruments 2023-03-31 10557067 d:CurrentFinancialInstruments 2022-03-31 10557067 d:Non-currentFinancialInstruments 2023-03-31 10557067 d:Non-currentFinancialInstruments 2022-03-31 10557067 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10557067 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10557067 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10557067 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 10557067 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 10557067 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 10557067 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 10557067 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 10557067 d:ShareCapital 2023-03-31 10557067 d:ShareCapital 2022-03-31 10557067 d:RetainedEarningsAccumulatedLosses 2023-03-31 10557067 d:RetainedEarningsAccumulatedLosses 2022-03-31 10557067 c:FRS102 2022-04-01 2023-03-31 10557067 c:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10557067 c:FullAccounts 2022-04-01 2023-03-31 10557067 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10557067 4 2023-03-31 10557067 4 2022-03-31 10557067 f:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 10557067

DOUBLE O GLOBAL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

DOUBLE O GLOBAL LIMITED

REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DOUBLE O GLOBAL LIMITED
FOR THE YEAR ENDED 31 MARCH 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Double O Global Limited for the year ended 31 March 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of Double O Global Limited in accordance with the terms of our engagement letter dated [date]. Our work has been undertaken solely to prepare for your approval the financial statements of Double O Global Limited and state those matters that we have agreed to state to the director of Double O Global Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Double O Global Limited and its director for our work or for this report.

It is your duty to ensure that Double O Global Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Double O Global Limited. You consider that Double O Global Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Double O Global Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wellers

Accountants

1 Vincent Square

London

SW1P 2PN

28 May 2024

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DOUBLE O GLOBAL LIMITED

REGISTERED NUMBER: 10557067

BALANCE SHEET

AS AT 31 MARCH 2023

		As restated
	2023	2022
Note	£	£

Fixed assets
Tangible assets	4		160,856		112,636
Investments	5		82,014		75,278
			242,870		187,914
Current assets
Debtors: amounts falling due within one year	6	114,259		92,003
Cash at bank and in hand	7	33,558		17,523
		147,817		109,526
Creditors: amounts falling due within one year	8	(114,279)		(52,369)
Net current assets			33,538		57,157
Total assets less current liabilities			276,408		245,071
Creditors: amounts falling due after more than one year	9		(157,667)		(100,611)

Net assets			118,741		144,460

Capital and reserves
Called up share capital	100	100
Profit and loss account	118,641	144,360
	118,741	144,460

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DOUBLE O GLOBAL LIMITED

REGISTERED NUMBER: 10557067

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

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

M Ollerton

Director

Date: 28 May 2024

The notes on pages 4 to 11 form part of these financial statements.

Page 3

DOUBLE O GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1.	General information

Double O Global Ltd is a limited company, registered in England and Wales. The registered office is 5th Floor 167-169 Great Portland Street, London, United Kingdom, W1W 5PF.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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DOUBLE O GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balances methods.

Depreciation is provided on the following basis:

Plant and machinery	-	33%	Straight-line
Motor vehicles	-	25%	Reducing balance
Fixtures and fittings	-	33%	Straight-line
Computer equipment	-	33%	Straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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DOUBLE O GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the

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DOUBLE O GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

2.11

Financial instruments (continued)

payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

4.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 April 2022	333	160,195	3,504	6,938	170,970
Additions	-	122,421	-	317	122,738
Disposals	-	(62,875)	-	-	(62,875)
At 31 March 2023	333	219,741	3,504	7,255	230,833
Depreciation
At 1 April 2022	46	53,186	2,385	2,716	58,333
Charge for the year on owned assets	110	43,077	1,096	1,500	45,783
Disposals	-	(34,139)	-	-	(34,139)
At 31 March 2023	156	62,124	3,481	4,216	69,977
Net book value
At 31 March 2023	177	157,617	23	3,039	160,856
At 31 March 2022	287	107,009	1,118	4,222	112,636

Page 7

DOUBLE O GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

5.	Fixed asset investments

		Trade investments
		£

	At 1 April 2022	75,278
	Additions	6,736

	Net book value
	At 31 March 2023	82,014
	At 31 March 2022	75,278

Debtors

						As restated
					2023	2022
					£	£


Trade debtors	53,061	27,447
Other debtors	61,198	64,556
	114,259	92,003

7.	Cash and cash equivalents
		2023	2022
		£	£

Cash at bank and in hand	33,558	17,523
Less: bank overdrafts	(261)	-
	33,297	17,523

Page 8

DOUBLE O GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

8.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Bank overdrafts	261	-
Bank loans	10,648	10,648
Corporation tax	17,932	7,750
Other taxation and social security	-	25,879
Obligations under finance lease and hire purchase contracts	23,779	7,291
Other creditors	61,659	801
	114,279	52,369

9.	Creditors: Amounts falling due after more than one year
		2023	2022
		£	£

Bank loans	24,276	30,516
Net obligations under finance leases and hire purchase contracts	133,391	70,095
	157,667	100,611

Page 9

DOUBLE O GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Amounts falling due within one year
Bank loans	10,648	10,648
	10,648	10,648
Amounts falling due 1-2 years
Bank loans	10,648	10,648
	10,648	10,648
Amounts falling due 2-5 years
Bank loans	13,628	19,867
	13,628	19,867

	34,924	41,163

Page 10

DOUBLE O GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

11.

Related party transactions

At the balance sheet date, the company owed £432 (2022 - £150) to Matthew Ollerton, the director of Double O Global Limited.
At the balance sheet date, the company was owed £Nil (2022 - £24,756) by Break-Point Academy Limited, a company under the common control of the shareholders of Double O Global Limited.
At the balance sheet date, the company was owed £22,347 (2022 - £17,017) by Battle Ready 360 Limited, a company under the common control of the shareholders of Double O Global Limited.
At the balance sheet date, the company was owed £5,962 (2022 - £5,962) by Break-Point Events Limited, a company under the common control of the shareholders of Double O Global Limited.
At the balance sheet date, the company was owed £16,821 (2022 - £16,821) by Break-Point Holdings Limited, a company under the common control of the shareholders of Double O Global Limited.
At the balance sheet date, the company owed £49,776 (2022 - £Nil) to Break-Point Academy Limited, a company under the common control of the shareholders of Double O Global Limited.
At the balance sheet date, the company owed £200 (2022 - £200) to Break-Point Corporate Limited, a company under the common control of the shareholders of Double O Global Limited.
At the balance sheet date, the company owed £451 (2022 - £451) to Break-Point Performance Limited, a company under the common control of the shareholders of Double O Global Limited.

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