Kingdom Football Management Limited NI640623 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is the representation of football players to seek to identify opportunities for them within football clubs. Digita Accounts Production Advanced 6.30.9574.0 true true NI640623 2022-10-01 2023-09-30 NI640623 2023-09-30 NI640623 bus:OrdinaryShareClass1 2023-09-30 NI640623 core:CurrentFinancialInstruments 2023-09-30 NI640623 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 NI640623 core:FurnitureFittingsToolsEquipment 2023-09-30 NI640623 bus:SmallEntities 2022-10-01 2023-09-30 NI640623 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 NI640623 bus:FilletedAccounts 2022-10-01 2023-09-30 NI640623 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 NI640623 bus:RegisteredOffice 2022-10-01 2023-09-30 NI640623 bus:Director2 2022-10-01 2023-09-30 NI640623 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 NI640623 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 NI640623 core:ComputerEquipment 2022-10-01 2023-09-30 NI640623 countries:NorthernIreland 2022-10-01 2023-09-30 NI640623 2022-09-30 NI640623 core:FurnitureFittingsToolsEquipment 2022-09-30 NI640623 2021-10-01 2022-09-30 NI640623 2022-09-30 NI640623 bus:OrdinaryShareClass1 2022-09-30 NI640623 core:CurrentFinancialInstruments 2022-09-30 NI640623 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI640623

Kingdom Football Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

Kingdom Football Management Limited

(Registration number: NI640623)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

130

130

Cash at bank and in hand

 

506

614

 

636

744

Creditors: Amounts falling due within one year

6

(48,259)

(48,259)

Net liabilities

 

(47,623)

(47,515)

Capital and reserves

 

Called up share capital

7

200

200

Share premium reserve

149,930

149,930

Retained earnings

(197,753)

(197,645)

Shareholders' deficit

 

(47,623)

(47,515)

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 July 2024
 

.........................................
Mr Geoffrey George Lockhart
Director

 

Kingdom Football Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 27-28 The Courtyard, Ballymena, County Antrim, BT42 1HL.

These financial statements were authorised for issue by the director on 29 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Despite the fact that the liabilities exceed the assets, the accounts have been prepared on the going concern basis.

Included in other creditors are significant amounts due to the shareholders (Tobermore Holdings Limited and Vision Asset Finance Limited) and to Vision Heat Solutions Limited, a company of which Trevor Finlay is a shareholder. All these companies have undertaken that the amounts will not be demanded in the immediate future and this will enable the company to trade as a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.Turnover is shown net of sales/value added tax, rebates and discounts.

The Company recognises revenue when:
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity; and
specific criteria have been met for each of the Company’s activities.

 

Kingdom Football Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33.33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 2).

 

Kingdom Football Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2022

1,584

1,584

At 30 September 2023

1,584

1,584

Depreciation

At 1 October 2022

1,584

1,584

At 30 September 2023

1,584

1,584

Carrying amount

At 30 September 2023

-

-

5

Debtors

Current

2023
£

2022
£

Trade debtors

30

30

Other debtors

100

100

 

130

130

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

4,440

4,440

Accruals and deferred income

18,819

18,819

Other creditors

25,000

25,000

48,259

48,259

 

Kingdom Football Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

200

200

200

200

       

8

Related party transactions

The following balance was owed from the directors at the year end:

2023
£

2022
£

Directors current account

100

100

Other related party transactions

The following balances were owed to shareholders at the year end:

2023

2022

£

£

Tobermore Concrete Products Limited

25,000

25,000

Vision Asset Finance Limited

1,989

1,989