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Registered number: 12148885
Sporting Wholesale Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Abbey Digitax LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12148885
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,377,000 3,430,000
Investments 5 1,000,101 1,000,101
4,377,101 4,430,101
CURRENT ASSETS
Debtors 6 2,025,699 1,934,289
Cash at bank and in hand 1,094 23
2,026,793 1,934,312
Creditors: Amounts Falling Due Within One Year 7 (504,780 ) (494,720 )
NET CURRENT ASSETS (LIABILITIES) 1,522,013 1,439,592
TOTAL ASSETS LESS CURRENT LIABILITIES 5,899,114 5,869,693
Creditors: Amounts Falling Due After More Than One Year 8 (1,293,336 ) (1,371,672 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (138,000 ) (138,000 )
NET ASSETS 4,467,778 4,360,021
CAPITAL AND RESERVES
Called up share capital 9 1,000,000 1,000,000
Revaluation reserve 10 689,525 689,525
Profit and Loss Account 2,778,253 2,670,496
SHAREHOLDERS' FUNDS 4,467,778 4,360,021
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Eddy Eliaz
Director
16/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sporting Wholesale Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12148885 . The registered office is Unit 3, The Quad, Great Marlings, Luton, LU2 8EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 January 2023 3,500,000
As at 31 December 2023 3,500,000
Depreciation
As at 1 January 2023 70,000
Provided during the period 53,000
As at 31 December 2023 123,000
Net Book Value
As at 31 December 2023 3,377,000
As at 1 January 2023 3,430,000
Page 3
Page 4
5. Investments
Other
£
Cost
As at 1 January 2023 1,000,101
As at 31 December 2023 1,000,101
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 1,000,101
As at 1 January 2023 1,000,101
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 10,000
Prepayments and accrued income - 2,120
Other debtors 75,940 65,940
Amounts owed by subsidiaries 449,759 1,856,229
525,699 1,934,289
Due after more than one year
Amounts owed by subsidiaries 1,500,000 -
2,025,699 1,934,289
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,528 9,201
Corporation tax 36,796 22,401
VAT 8,680 8,364
Accruals 14,595 14,573
Director's loan account 440,181 440,181
504,780 494,720
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,293,336 1,371,672
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000,000 1,000,000
Page 4
Page 5
10. Reserves
Revaluation Reserve
£
As at 1 January 2023 689,525
As at 31 December 2023 689,525
11. Related Party Transactions
Rental amounting to £180,000 plus Management Fee of £30,000 was charged to Subsidiary Company
Page 5