IRIS Accounts Production v24.1.9.2 SC224314 director 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2243142022-10-31SC2243142023-10-31SC2243142022-11-012023-10-31SC2243142021-10-31SC2243142021-11-012022-10-31SC2243142022-10-31SC224314ns15:Scotland2022-11-012023-10-31SC224314ns14:PoundSterling2022-11-012023-10-31SC224314ns10:Director12022-11-012023-10-31SC224314ns10:PrivateLimitedCompanyLtd2022-11-012023-10-31SC224314ns10:SmallEntities2022-11-012023-10-31SC224314ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-31SC224314ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-31SC224314ns10:FullAccounts2022-11-012023-10-31SC224314ns10:CompanySecretary12022-11-012023-10-31SC224314ns10:RegisteredOffice2022-11-012023-10-31SC224314ns5:CurrentFinancialInstruments2023-10-31SC224314ns5:CurrentFinancialInstruments2022-10-31SC224314ns5:Non-currentFinancialInstruments2023-10-31SC224314ns5:Non-currentFinancialInstruments2022-10-31SC224314ns5:ShareCapital2023-10-31SC224314ns5:ShareCapital2022-10-31SC224314ns5:RetainedEarningsAccumulatedLosses2023-10-31SC224314ns5:RetainedEarningsAccumulatedLosses2022-10-31SC224314ns5:FurnitureFittings2022-11-012023-10-31SC224314ns5:ComputerEquipment2022-11-012023-10-31SC224314ns5:FurnitureFittings2022-10-31SC224314ns5:ComputerEquipment2022-10-31SC224314ns5:FurnitureFittings2023-10-31SC224314ns5:ComputerEquipment2023-10-31SC224314ns5:FurnitureFittings2022-10-31SC224314ns5:ComputerEquipment2022-10-31SC224314ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-31SC224314ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: SC224314 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ARENA SPORTS MANAGEMENT LIMITED

ARENA SPORTS MANAGEMENT LIMITED (REGISTERED NUMBER: SC224314)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARENA SPORTS MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: M Donaghy





SECRETARY: Mrs C Donaghy





REGISTERED OFFICE: 21 Acton Gardens
East Kilbride
Glasgow
G75 8WH





REGISTERED NUMBER: SC224314 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

ARENA SPORTS MANAGEMENT LIMITED (REGISTERED NUMBER: SC224314)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 268 358

CURRENT ASSETS
Debtors 5 339,830 365,340
Cash at bank 10,669 195,050
350,499 560,390
CREDITORS
Amounts falling due within one year 6 177,995 365,327
NET CURRENT ASSETS 172,504 195,063
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,772

195,421

CREDITORS
Amounts falling due after more than one
year

7

36,648

45,428
NET ASSETS 136,124 149,993

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 136,024 149,893
SHAREHOLDERS' FUNDS 136,124 149,993

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

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

ARENA SPORTS MANAGEMENT LIMITED (REGISTERED NUMBER: SC224314)

BALANCE SHEET - continued
31 OCTOBER 2023


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 July 2024 and were signed by:





M Donaghy - Director


ARENA SPORTS MANAGEMENT LIMITED (REGISTERED NUMBER: SC224314)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Arena Sports Management 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.

Turnover
Turnover represents sales of goods and provision of services excluding VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services is recognised in accordance with contractual rights to the extent that the service has been delivered. Where payments are received from customers in advance of goods or services being provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on a reducing balance basis
Computer equipment - 25% on a reducing balance basis

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

ARENA SPORTS MANAGEMENT LIMITED (REGISTERED NUMBER: SC224314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 1,575 2,691 4,266
DEPRECIATION
At 1 November 2022 1,559 2,349 3,908
Charge for year 4 86 90
At 31 October 2023 1,563 2,435 3,998
NET BOOK VALUE
At 31 October 2023 12 256 268
At 31 October 2022 16 342 358

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 18,000
Other debtors 339,830 347,340
339,830 365,340

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,994 6,994
Trade creditors - 204,000
Taxation and social security 34,249 23,442
Other creditors 136,752 130,891
177,995 365,327

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 36,648 37,251
Other creditors - 8,177
36,648 45,428