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REGISTERED NUMBER: 09711194 (England and Wales)















TITLE SPORTS LTD

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2023






TITLE SPORTS LTD (REGISTERED NUMBER: 09711194)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Report of the Directors 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


TITLE SPORTS LTD (REGISTERED NUMBER: 09711194)

Report of the Directors
for the year ended 31 March 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

Principal activity
The principal activities of the company in the year under review was the development of further formats in digital sports content.

Directors
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

R Lindsay
A R Westgate
Edition Capital Directors Limited

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:





A R Westgate - Director


14 November 2023

TITLE SPORTS LTD (REGISTERED NUMBER: 09711194)

Balance Sheet
31 March 2023

2023 2022
Notes £ £
Current assets
Debtors 4 3,649 4,881
Cash at bank 222 110
3,871 4,991
Creditors
Amounts falling due within one year 5 104,220 126,745
Net current liabilities (100,349 ) (121,754 )
Total assets less current liabilities (100,349 ) (121,754 )

Capital and reserves
Called up share capital 1,215 1,215
Share premium 1,375,723 1,375,723
Retained earnings (1,477,287 ) (1,498,692 )
(100,349 ) (121,754 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





A R Westgate - Director


TITLE SPORTS LTD (REGISTERED NUMBER: 09711194)

Notes to the Financial Statements
for the year ended 31 March 2023

1. Statutory information

Title Sports Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09711194

Registered office: 8 Riverbank
East Molesey
Surrey
KT8 9BH

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.

Going concern
These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and will be able to pay debts as and when they fall due.

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

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Employees and directors

The average number of employees during the year was NIL (2022 - 1 ).

TITLE SPORTS LTD (REGISTERED NUMBER: 09711194)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors - 1,300
Other debtors 3,649 3,581
3,649 4,881

5. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 41,650 46,550
Trade creditors 58,089 55,761
Amounts owed to group undertakings - 19,900
Taxation and social security 2,956 3,009
Other creditors 1,525 1,525
104,220 126,745