IRIS Accounts Production v24.2.0.383 08594928 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 true false true false false true false ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085949282022-12-31085949282023-12-31085949282023-01-012023-12-31085949282021-12-31085949282022-01-012022-12-31085949282022-12-3108594928ns15:EnglandWales2023-01-012023-12-3108594928ns14:PoundSterling2023-01-012023-12-3108594928ns10:Director12023-01-012023-12-3108594928ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108594928ns10:SmallEntities2023-01-012023-12-3108594928ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108594928ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108594928ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108594928ns10:FullAccounts2023-01-012023-12-3108594928ns10:OrdinaryShareClass12023-01-012023-12-3108594928ns10:Director22023-01-012023-12-3108594928ns10:Director32023-01-012023-12-3108594928ns10:RegisteredOffice2023-01-012023-12-3108594928ns5:CurrentFinancialInstruments2023-12-3108594928ns5:CurrentFinancialInstruments2022-12-3108594928ns5:ShareCapital2023-12-3108594928ns5:ShareCapital2022-12-3108594928ns5:SharePremium2023-12-3108594928ns5:SharePremium2022-12-3108594928ns5:RetainedEarningsAccumulatedLosses2023-12-3108594928ns5:RetainedEarningsAccumulatedLosses2022-12-3108594928ns5:CostValuation2022-12-3108594928ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3108594928ns5:CostValuation2023-12-3108594928ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3108594928ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3108594928ns10:OrdinaryShareClass12023-12-3108594928ns5:RetainedEarningsAccumulatedLosses2022-12-3108594928ns5:SharePremium2022-12-3108594928ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 08594928 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

GLOBAL SPORTING CONNECTIONS LIMITED

GLOBAL SPORTING CONNECTIONS LIMITED (REGISTERED NUMBER: 08594928)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GLOBAL SPORTING CONNECTIONS LIMITED

Company Information
for the year ended 31 DECEMBER 2023







DIRECTORS: J. K. Pittalis
T Theodorou
M Kothari





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 08594928 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

GLOBAL SPORTING CONNECTIONS LIMITED (REGISTERED NUMBER: 08594928)

Statement of Financial Position
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Investments 4 - 100

CURRENT ASSETS
Debtors 5 - 4,917
Cash at bank 83 287
83 5,204
CREDITORS
Amounts falling due within one year 6 (1,478 ) (510 )
NET CURRENT (LIABILITIES)/ASSETS (1,395 ) 4,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,395

)

4,794

CAPITAL AND RESERVES
Called up share capital 7 300 300
Share premium 8 200,000 200,000
Retained earnings 8 (201,695 ) (195,506 )
SHAREHOLDERS' FUNDS (1,395 ) 4,794

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2024 and were signed on its behalf by:



J. K. Pittalis - Director


GLOBAL SPORTING CONNECTIONS LIMITED (REGISTERED NUMBER: 08594928)

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

1. STATUTORY INFORMATION

Global Sporting Connections 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Cash and cash equivalent
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Going Concern
These accounts have been prepared on a going concern basis on the grounds that the directors of the company will not withdraw their support until such a time as the company has funds available to meet its debts and liabilities as and when they fall due.

GLOBAL SPORTING CONNECTIONS LIMITED (REGISTERED NUMBER: 08594928)

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

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 January 2023 100
Impairments (100 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors - 4,917

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors - (1,173 )
VAT - 205
Accrued expenses 1,478 1,478
1,478 510

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
300 ordinary shares 1 300 300

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 (195,506 ) 200,000 4,494
Deficit for the year (6,189 ) (6,189 )
At 31 December 2023 (201,695 ) 200,000 (1,695 )

GLOBAL SPORTING CONNECTIONS LIMITED (REGISTERED NUMBER: 08594928)

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

9. RELATED PARTY EXEMPTION

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their direct interest in the whole of the issued share capital.