REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2023 |
for |
The Federation of Sports and Play |
Associations Ltd |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2023 |
for |
The Federation of Sports and Play |
Associations Ltd |
The Federation of Sports and Play |
Associations Ltd (Registered number: 00216719) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
The Federation of Sports and Play |
Associations Ltd |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Network House |
Stubs Beck Lane |
Cleckheaton |
BD19 4TT |
The Federation of Sports and Play |
Associations Ltd (Registered number: 00216719) |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
RESERVES |
Retained earnings | 9 |
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 |
The Federation of Sports and Play |
Associations Ltd (Registered number: 00216719) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
The Federation of Sports and Play Associations Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover mainly represents subscriptions charged to its members which is recognised on an accruals basis. In addition, revenue is recognies from the rendering of services as and when the work is completed. |
Tangible fixed assets |
Plant and machinery etc | - |
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. |
Fixed asset investments |
Listed investments are recognised initially on acquisition at cost and remeasured at fair value using the bid price as at the close of business at the year end. |
Non-listed investments are recognised initially on acquisition at cost and remeasured at fair value using the transfer value as set out in the Articles of Association of the company which the investment is held with. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
The Federation of Sports and Play |
Associations Ltd (Registered number: 00216719) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
4. | AUDITORS' REMUNERATION |
2023 | 2022 |
£ | £ |
Fees payable to the company's auditors for the audit of the company's financial statements |
8,000 |
6,790 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2023 |
Additions |
Disposals | ( |
) |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
6. | FIXED ASSET INVESTMENTS |
Listed | Unlisted |
investments | investments | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 January 2023 | 2,707,446 |
Additions | 2,885,407 |
Disposals | ( |
) | ( |
) | (2,724,950 | ) |
Revaluations | 261,225 |
At 31 December 2023 | 3,129,128 |
NET BOOK VALUE |
At 31 December 2023 | 3,129,128 |
At 31 December 2022 | 2,707,446 |
If fixed asset investments had not been revalued they would be included at historical cost of £1,755,002. |
Fixed asset investments were revalued on an open market basis by the fund managers as at the year end. |
The Federation of Sports and Play |
Associations Ltd (Registered number: 00216719) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
9. | RESERVES |
Included in retained earnings are ring fenced funds totalling £223,141 (2022: £221,467). |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
KJA Kilner Johnson Limited |