IRIS Accounts Production v24.2.0.383 09922612 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099226122022-12-31099226122023-12-31099226122023-01-012023-12-31099226122021-12-31099226122022-01-012022-12-31099226122022-12-3109922612ns15:EnglandWales2023-01-012023-12-3109922612ns14:PoundSterling2023-01-012023-12-3109922612ns10:Director12023-01-012023-12-3109922612ns10:Director22023-01-012023-12-3109922612ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109922612ns10:SmallEntities2023-01-012023-12-3109922612ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109922612ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109922612ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109922612ns10:FullAccounts2023-01-012023-12-3109922612ns10:CompanySecretary12023-01-012023-12-3109922612ns10:RegisteredOffice2023-01-012023-12-3109922612ns5:CurrentFinancialInstruments2023-12-3109922612ns5:CurrentFinancialInstruments2022-12-3109922612ns5:ShareCapital2023-12-3109922612ns5:ShareCapital2022-12-3109922612ns5:SharePremium2023-12-3109922612ns5:SharePremium2022-12-3109922612ns5:RetainedEarningsAccumulatedLosses2023-12-3109922612ns5:RetainedEarningsAccumulatedLosses2022-12-3109922612ns5:FurnitureFittings2023-01-012023-12-3109922612ns5:FurnitureFittings2022-12-3109922612ns5:FurnitureFittings2023-12-3109922612ns5:FurnitureFittings2022-12-3109922612ns5:CostValuation2022-12-3109922612ns5:AdditionsToInvestments2023-12-3109922612ns5:CostValuation2023-12-3109922612ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3109922612ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3109922612ns5:CurrentFinancialInstruments2023-01-012023-12-3109922612ns5:RetainedEarningsAccumulatedLosses2022-12-3109922612ns5:SharePremium2022-12-3109922612ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 09922612 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Origin Sports Group Limited

Origin Sports Group Limited (Registered number: 09922612)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Origin Sports Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Hosford
Sir K E Mills





SECRETARY: D A Paget





REGISTERED OFFICE: The Grange
Franks Hollow Road
Bidborough
Tunbridge Wells
Kent
TN3 0UD





REGISTERED NUMBER: 09922612 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Chartered Accountants
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Origin Sports Group Limited (Registered number: 09922612)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,489 2,224
Investments 5 68,632 8,579
73,121 10,803

CURRENT ASSETS
Debtors 6 268,783 12,174
Cash at bank 260,828 154,243
529,611 166,417
CREDITORS
Amounts falling due within one year 7 (423,056 ) (506,261 )
NET CURRENT ASSETS/(LIABILITIES) 106,555 (339,844 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,676

(329,041

)

CAPITAL AND RESERVES
Called up share capital 20 20
Share premium 8 49,995 49,995
Retained earnings 8 129,661 (379,056 )
SHAREHOLDERS' FUNDS 179,676 (329,041 )

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.

Origin Sports Group Limited (Registered number: 09922612)

Balance Sheet - continued
31 December 2023


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 16 September 2024 and were signed on its behalf by:




Sir K E Mills - Director



S Hosford - Director


Origin Sports Group Limited (Registered number: 09922612)

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

1. STATUTORY INFORMATION

Origin Sports Group Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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.

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 12 ) .

Origin Sports Group Limited (Registered number: 09922612)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 9,428
Additions 4,298
At 31 December 2023 13,726
DEPRECIATION
At 1 January 2023 7,204
Charge for year 2,033
At 31 December 2023 9,237
NET BOOK VALUE
At 31 December 2023 4,489
At 31 December 2022 2,224

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2023 8,579
Additions 60,053
At 31 December 2023 68,632
NET BOOK VALUE
At 31 December 2023 68,632
At 31 December 2022 8,579

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 248,601 -
Other debtors 20,182 12,174
268,783 12,174

The directors consider the carrying value of trade and other receivables approximate to their fair values.

Origin Sports Group Limited (Registered number: 09922612)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 27,342 8,556
Amounts owed to group undertakings 247,177 494,354
Taxation and social security 300 310
Other creditors 148,237 3,041
423,056 506,261

The directors consider the carrying amounts of current liabilities approximate to their fair values.

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 (379,056 ) 49,995 (329,061 )
Profit for the year 1,308,717 1,308,717
Dividends (800,000 ) (800,000 )
At 31 December 2023 129,661 49,995 179,656

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9. RELATED PARTY DISCLOSURES

At 31st December 2023, the company owed £247,177 (2022 : £494,354) to KEM Investments Ltd, a company under common control.

10. ULTIMATE CONTROLLING PARTY

The controlling party is KEM Investments Ltd.

The ultimate controlling party is Sir K E Mills.