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REGISTERED NUMBER: SC616481 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

FIVES SOCCER CENTRES LIMITED

FIVES SOCCER CENTRES LIMITED (REGISTERED NUMBER: SC616481)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIVES SOCCER CENTRES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: S S Penman





SECRETARY:





REGISTERED OFFICE: 12 Woodside Ave Lenzie
Kirkintilloch
Glasgow
G66 4NQ





REGISTERED NUMBER: SC616481 (Scotland)





ACCOUNTANTS: Dattani
Chartered Accountants
Scottish Provident House
76/80 College Road
Harrow
Middlesex
HA1 1 BQ

FIVES SOCCER CENTRES LIMITED (REGISTERED NUMBER: SC616481)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 282,254 66,024
Tangible assets 5 3,434,645 1,058,845
Investments 6 4,044,000 -
7,760,899 1,124,869

CURRENT ASSETS
Debtors 7 461,792 93,483
Cash at bank 160,097 58,587
621,889 152,070
CREDITORS
Amounts falling due within one year 8 1,189,185 353,379
NET CURRENT LIABILITIES (567,296 ) (201,309 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,193,603

923,560

CREDITORS
Amounts falling due after more than one
year

9

6,622,483

108,545
NET ASSETS 571,120 815,015

CAPITAL AND RESERVES
Called up share capital 11 175 148
Share premium 539,852 539,852
Retained earnings 31,093 275,015
SHAREHOLDERS' FUNDS 571,120 815,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

FIVES SOCCER CENTRES LIMITED (REGISTERED NUMBER: SC616481)

BALANCE SHEET - continued
31 DECEMBER 2022


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 30 September 2023 and were signed by:





S S Penman - Director


FIVES SOCCER CENTRES LIMITED (REGISTERED NUMBER: SC616481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Fives Soccer Centres Limited is a private company, limited by shares , registered in Scotland. 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.

Preparation of consolidated financial statements
The financial statements contain information about Fives Soccer Centres Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortization and any accumulated impairment losses.

Web development - 20% straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements - based on lease term
Computer equipment - 33% straight line
Others and Plant & machinery - 20% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

FIVES SOCCER CENTRES LIMITED (REGISTERED NUMBER: SC616481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2021 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2022 100,868
Additions 295,504
At 31 December 2022 396,372
AMORTISATION
At 1 January 2022 34,844
Charge for year 79,274
At 31 December 2022 114,118
NET BOOK VALUE
At 31 December 2022 282,254
At 31 December 2021 66,024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2022 984,968 156,213 1,141,181
Additions 2,371,167 189,877 2,561,044
At 31 December 2022 3,356,135 346,090 3,702,225
DEPRECIATION
At 1 January 2022 37,750 44,586 82,336
Charge for year 112,496 72,748 185,244
At 31 December 2022 150,246 117,334 267,580
NET BOOK VALUE
At 31 December 2022 3,205,889 228,756 3,434,645
At 31 December 2021 947,218 111,627 1,058,845

FIVES SOCCER CENTRES LIMITED (REGISTERED NUMBER: SC616481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 4,044,000
At 31 December 2022 4,044,000
NET BOOK VALUE
At 31 December 2022 4,044,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other debtors 461,792 93,483

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts - 26,800
Trade creditors 744,830 156,086
Taxation and social security 121,188 108,061
Other creditors 323,167 62,432
1,189,185 353,379

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans - 80,228
Other creditors 6,622,483 28,317
6,622,483 108,545

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.22 31.12.21
£    £   
Other Creditors 6,605,568 -

The amounts due are secured by way of a floating charge over the company's undertakings and fixed charges over the shares it holds in its subsidiary undertaking, Trent Park Leisure Limited and various leasehold properties of the company.

FIVES SOCCER CENTRES LIMITED (REGISTERED NUMBER: SC616481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
174,569 Ordinary shares 0.001 175 148

17,697 Ordinary shares shares of 0.001 each were allotted and fully paid for cash at par during the year.