REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 OCTOBER 2022 TO 31 DECEMBER 2023 |
FOR |
CHAMPION DATA LTD |
PREVIOUSLY KNOWN AS |
CHAMPION DATA FOOTBALL LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 OCTOBER 2022 TO 31 DECEMBER 2023 |
FOR |
CHAMPION DATA LTD |
PREVIOUSLY KNOWN AS |
CHAMPION DATA FOOTBALL LTD |
CHAMPION DATA LTD (REGISTERED NUMBER: 11572896) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1 October 2022 to 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
CHAMPION DATA LTD |
COMPANY INFORMATION |
for the Period 1 October 2022 to 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
Herschel House |
58 Herschel Street |
Slough |
Berkshire |
SL1 1PG |
CHAMPION DATA LTD (REGISTERED NUMBER: 11572896) |
BALANCE SHEET |
31 December 2023 |
31.12.23 | 30.9.22 |
(Unaudited) |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
CHAMPION DATA LTD (REGISTERED NUMBER: 11572896) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1 October 2022 to 31 December 2023 |
1. | STATUTORY INFORMATION |
Champion Data Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
The company's accounting year-end was changed to 31 December to align the reporting period with fellow group members; as a result, the comparatives are not entirely comparable. |
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. |
Going concern |
The financial statements have been prepared on a going concern basis due to the continued support of the parent company. This support has been pledged for a period exceeding twelve months and one day from the date of the signing of the audit report. |
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. |
Turnover |
Turnover represents services sold to the parent at a pre-agreed arm's length rate, excluding discounts, rebates, value-added tax, and other sales taxes. Turnover is recognised when chargeable costs are incurred. |
Tangible fixed assets |
Plant and machinery etc | - |
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. |
Taxation |
Taxation for the period 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. |
CHAMPION DATA LTD (REGISTERED NUMBER: 11572896) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 October 2022 to 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
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 period 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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. |
Financial instruments |
Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 31 December 2023 |
DEPRECIATION |
Charge for period |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 30.9.22 |
(Unaudited) |
£ | £ |
Other debtors |
CHAMPION DATA LTD (REGISTERED NUMBER: 11572896) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 October 2022 to 31 December 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 30.9.22 |
(Unaudited) |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors & accruals |
7. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 31.12.23 | 30.9.22 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
As stated above, the Report of the Auditors was unqualified. It did however contain the following modification:- |
"Other information |
The financial statements for the previous accounting period were not audited." |
We would also like to draw your attention to the following statement contained within our audit report as included within the full financial statements:- |
"Use of our report |
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed." |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is C Hume. |
10. | PARENT COMPANY |
The immediate and ultimate parent undertaking is Champion Data Holdings Pty Ltd. Champion Data Holdings Pty Ltd is the only entity within the group that prepares consolidated financial statements. The registered office of Champion Data Holdings Pty Ltd is Level 3, 6 Riverside Quay, Southbank, VIC 3006. Consolidated accounts are not publicly available. |