SPORTS RESOURCE GROUP LIMITED

Company Registration Number:
04046907 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

SPORTS RESOURCE GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes

SPORTS RESOURCE GROUP LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Investments: 3 71,825 25,000
Total fixed assets: 71,825 25,000
Current assets
Debtors: 4 19,074 26,009
Cash at bank and in hand: 1,642 4,700
Total current assets: 20,716 30,709
Creditors: amounts falling due within one year: 5 ( 227,716 ) ( 70,266 )
Net current assets (liabilities): (207,000) (39,557)
Total assets less current liabilities: (135,175) ( 14,557)
Creditors: amounts falling due after more than one year: 6 ( 17,500 ) ( 25,000 )
Total net assets (liabilities): (152,675) (39,557)
Capital and reserves
Called up share capital: 3,296,922 3,296,922
Share premium account: 61,625,232 61,625,232
Profit and loss account: (65,074,829 ) (64,961,711 )
Total Shareholders' funds: ( 152,675 ) (39,557)

The notes form part of these financial statements

SPORTS RESOURCE GROUP LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 11 September 2024
and signed on behalf of the board by:

Name: Chris Akers
Status: Director

The notes form part of these financial statements

SPORTS RESOURCE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery - 20% straight line If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

    Other accounting policies

    Fixed asset investments: Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

SPORTS RESOURCE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

SPORTS RESOURCE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Fixed assets investments note

Investments Other investments other than loans £ Cost At 1 January 2023 356,650 Additions 207,895 Disposals (75,000 ) Fair value adjustment (86,070 ) At 31 December 2023 403,475 Impairment At 1 January 2023 and 31 December 2023 331,650 Carrying amount At 31 December 2023 71,825 At 31 December 2022 25,000

SPORTS RESOURCE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 19,074 26,009
Total 19,074 26,009

SPORTS RESOURCE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 892 2,892
Taxation and social security 1,204
Other creditors 216,824 56,170
Total 227,716 70,266

SPORTS RESOURCE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 17,500 25,000
Total 17,500 25,000