1 2 One Entertainment (UK) Ltd


1 June 2021 false No description of principal activity Taxfiler 2023.5.3 07641845business:PrivateLimitedCompanyLtd2021-06-012022-05-31 076418452021-05-31 076418452021-06-012022-05-31 07641845business:AuditExemptWithAccountantsReport2021-06-012022-05-31 07641845business:FullAccounts2021-06-012022-05-31 076418452022-05-31 07641845business:Director12021-06-012022-05-31 07641845business:RegisteredOffice2021-06-012022-05-31 076418452021-05-31 07641845core:WithinOneYear2022-05-31 07641845core:WithinOneYear2021-05-31 07641845core:ShareCapital2022-05-31 07641845core:ShareCapital2021-05-31 07641845core:RetainedEarningsAccumulatedLosses2022-05-31 07641845core:RetainedEarningsAccumulatedLosses2021-05-31 07641845business:SmallEntities2021-06-012022-05-31 07641845countries:EnglandWales2021-06-012022-05-31 07641845core:ComputerEquipment2021-06-012022-05-31 07641845core:ComputerEquipment2021-05-31 07641845core:ComputerEquipment2022-05-31 07641845business:Director112021-06-012022-05-31 07641845business:Director112021-05-31 07641845business:Director112022-05-31 076418452020-06-012021-05-31 iso4217:GBP xbrli:pure
Company Registration No. 07641845 (England and Wales)
1 2 One Entertainment (UK) Ltd Unaudited accounts for the year ended 31 May 2022
1 2 One Entertainment (UK) Ltd Unaudited accounts Contents
Page
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1 2 One Entertainment (UK) Ltd Company Information for the year ended 31 May 2022
Director
P J Kennedy
Company Number
07641845 (England and Wales)
Registered Office
203 West Street Fareham PO16 0EN England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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1 2 One Entertainment (UK) Ltd Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,459 
1,244 
Current assets
Debtors
11,086 
10,999 
Cash at bank and in hand
- 
4,105 
11,086 
15,104 
Creditors: amounts falling due within one year
(63,973)
(68,895)
Net current liabilities
(52,887)
(53,791)
Total assets less current liabilities
(49,428)
(52,547)
Provisions for liabilities
Other provisions
(921)
(921)
Net liabilities
(50,349)
(53,468)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(50,351)
(53,470)
Shareholders' funds
(50,349)
(53,468)
For the year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 June 2023 and were signed on its behalf by
P J Kennedy Director Company Registration No. 07641845
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1 2 One Entertainment (UK) Ltd Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
1 2 One Entertainment (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 07641845. The registered office is 203 West Street, Fareham, PO16 0EN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2021
11,329 
Additions
3,368 
At 31 May 2022
14,697 
Depreciation
At 1 June 2021
10,085 
Charge for the year
1,153 
At 31 May 2022
11,238 
Net book value
At 31 May 2022
3,459 
At 31 May 2021
1,244 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
87 
- 
Other debtors
10,999 
10,999 
11,086 
10,999 
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1 2 One Entertainment (UK) Ltd Notes to the Accounts for the year ended 31 May 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
5,808 
- 
VAT
(692)
- 
Trade creditors
219 
5,746 
Taxes and social security
29,927 
29,927 
Loans from directors
26,798 
33,222 
Accruals
1,913 
- 
63,973 
68,895 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
P J Kennedy
Director Loan Account
(33,222)
19,422 
12,999 
(26,799)
(33,222)
19,422 
12,999 
(26,799)
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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