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REGISTERED NUMBER: 12694316 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Hunch Sports Ltd

Hunch Sports Ltd (Registered number: 12694316)






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


Hunch Sports Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A D J Wall
D T Williams
S N Hyland
T C Tarrant





REGISTERED OFFICE: 10 Oving Road
Whitchurch
Aylesbury
London
HP22 4JF





REGISTERED NUMBER: 12694316 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Hunch Sports Ltd (Registered number: 12694316)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 249,134 153,617
Tangible assets 5 561 -
249,695 153,617

CURRENT ASSETS
Debtors 6 23,465 2,391
Cash at bank 45,515 7,761
68,980 10,152
CREDITORS
Amounts falling due within one year 7 123,280 84,003
NET CURRENT LIABILITIES (54,300 ) (73,851 )
TOTAL ASSETS LESS CURRENT LIABILITIES 195,395 79,766

CAPITAL AND RESERVES
Called up share capital 147 121
Share premium 432,426 169,917
Retained earnings (237,178 ) (90,272 )
195,395 79,766

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





A D J Wall - Director


Hunch Sports Ltd (Registered number: 12694316)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Hunch Sports Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 3 year straight line

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

Hunch Sports Ltd (Registered number: 12694316)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 181,117
Additions 126,254
At 31 December 2023 307,371
AMORTISATION
At 1 January 2023 27,500
Charge for year 30,737
At 31 December 2023 58,237
NET BOOK VALUE
At 31 December 2023 249,134
At 31 December 2022 153,617

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 757
At 31 December 2023 757
DEPRECIATION
Charge for year 196
At 31 December 2023 196
NET BOOK VALUE
At 31 December 2023 561

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 23,465 2,391

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 11,935 9,585
Taxation and social security 9,740 -
Other creditors 101,605 74,418
123,280 84,003

8. RELATED PARTY DISCLOSURES

During the period the directors maintained a loan account with the company. At the period end the company owed the directors £99,258 (2022 - £72,908). This loan is interest free, repayable on demand and shown within other creditors.