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REGISTERED NUMBER: 04783082 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

FOOTBALL 1 X 2 LIMITED

FOOTBALL 1 X 2 LIMITED (REGISTERED NUMBER: 04783082)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FOOTBALL 1 X 2 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mr B Reid





SECRETARY: Mrs J A Reid





REGISTERED OFFICE: Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB





REGISTERED NUMBER: 04783082 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

FOOTBALL 1 X 2 LIMITED (REGISTERED NUMBER: 04783082)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 130,664 152,387

CURRENT ASSETS
Debtors: amounts falling due within one year 6 3,388,315 2,132,662
Debtors: amounts falling due after more than
one year

6

-

33,300
Cash at bank 9,285 60,163
3,397,600 2,226,125
CREDITORS
Amounts falling due within one year 7 2,289,102 1,343,097
NET CURRENT ASSETS 1,108,498 883,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,239,162

1,035,415

CAPITAL AND RESERVES
Called up share capital 9 1,050 1,050
Retained earnings 10 1,238,112 1,034,365
SHAREHOLDERS' FUNDS 1,239,162 1,035,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

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 9 April 2024 and were signed by:





Mr B Reid - Director


FOOTBALL 1 X 2 LIMITED (REGISTERED NUMBER: 04783082)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Football 1 X 2 Limited is a private company, limited by shares , registered in England and Wales. 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.

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

Tangible fixed assets
Tangible assets are intially recorded at cost and then subsequently stated at cost less accumulated depreciation and any accumulated loss.

Office equipment: 20% reducing balance
Computer equipment: 33% reducing balance
Plant and machinery: 10% reducing balance

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.

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.

Going concern
The Director assesses whether the use of going concern is appropriate i.e., whether there are any
material uncertainties related to events or conditions that may cast significant doubt on the ability of
the Company to continue as a going concern. The Director make this assessment in respect of a
period of at least one year from the date of authorisation for issue of the financial statements and
have concluded that the Company has adequate resources to continue in operational existence for
the foreseeable future and there are no material uncertainties about the Company's ability to continue
as a going concern, thus they continue to adopt the going concern basis of accounting in preparing
the financial statements.

FOOTBALL 1 X 2 LIMITED (REGISTERED NUMBER: 04783082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2022 - 52 ) .

4. AUDITORS' REMUNERATION
Period
1.4.22
Year Ended to
30.9.23 30.9.22
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

8,500

6,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022 88,123 211,601 76,238 375,962
Additions - 483 11,977 12,460
At 30 September 2023 88,123 212,084 88,215 388,422
DEPRECIATION
At 1 October 2022 56,018 128,641 38,916 223,575
Charge for year 3,211 16,690 14,282 34,183
At 30 September 2023 59,229 145,331 53,198 257,758
NET BOOK VALUE
At 30 September 2023 28,894 66,753 35,017 130,664
At 30 September 2022 32,105 82,960 37,322 152,387

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 350,797 821,425
Amounts owed by group undertakings 1,257,817 127,636
Other debtors 3,197 4,816
Rent deposit 6,071 10,592
Directors' current accounts 16,655 -
Tax 464,164 318,337
VAT - 17,068
Accrued income 1,144,050 708,655
Prepayments 145,564 124,133
3,388,315 2,132,662

FOOTBALL 1 X 2 LIMITED (REGISTERED NUMBER: 04783082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors - 33,300

Aggregate amounts 3,388,315 2,165,962

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 195,023 -
Other loans (see note 8) 425,444 -
Trade creditors 418,934 587,900
Amounts owed to group undertakings 73,306 129,553
Social security and other taxes 340,875 139,696
VAT 57,762 -
Pensions 22,399 17,991
Credit cards 43,005 35,077
Directors' current accounts - 16,679
Accruals 712,354 416,201
2,289,102 1,343,097

Bank loans and overdrafts include £195,023 in relation to an overdraft facility which is secured by way of a fixed and floating charge over the assets of the company.

Also included is £254,500 in relation to a loan facility with Newable Business Loans Limited, which is secured by way of a guarantee from the ultimate beneficial owners.

Also included is £170,944 in relation to a loan facility with Lenkie Technologies Limited, which is secured by way of a guarantee from one of the ultimate benficial owners.

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 195,023 -
Other loans 425,444 -
620,467 -

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1,050 Ordinary 1 1,050 1,050

FOOTBALL 1 X 2 LIMITED (REGISTERED NUMBER: 04783082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

10. RESERVES
Retained
earnings
£   

At 1 October 2022 1,034,365
Profit for the year 203,747
At 30 September 2023 1,238,112

11. RELATED PARTY DISCLOSURES

The company has taken exception available at FRS102 1AC.35 from disclosing related party transactions with other wholly-owned members of the group.

The company generated revenue of £Nil (2022 - £160,000) in relation to work conducted on behalf of Chase Racing 4 Ltd, an entity with joint control. Amounts of £106,131 (2022 - £283,439) were invoiced to the Company for work conducted on behalf of Football 1x2 Limited. At the balance sheet date, the amount due by Football 1x2 Limited was £73,306 (2022 - £136,906).

As at the balance sheet date 30 September 2023, the amount owed to Football 1x2 Limited by Pumboo Limited, an entity with joint control, was £1,660 (2022: £1,400). No revenue or expenditure with Pumboo Limited was recognised in the financial year.

The company generated revenue of £228,910 (2022 - £754,036) in relation to work conducted on behalf of 1x2Network Malta Ltd. As at the balance sheet date 30 September 2023 £435,565 (2022: £285,071) was oustanding as due.

As at the balance sheet date 30 September 2023, the amount owed to Football 1x2 Limited by Pumboo International Limited, a entity in which Football 1x2 Limited has a controlling interest, was £52,107 (2022: £52,107). No revenue or expenditure with Pumboo International Limited was recognised in the financial year.

12. ULTIMATE CONTROLLING PARTY

On 01/02/22 Mr B Reid ceased significant control and 1x2 Network Ltd became the person with significant control.