Silverfin false false 30/04/2024 01/05/2023 30/04/2024 H L Mills 04/04/2022 M H C Wilson 04/04/2022 16 September 2024 The principle activity for the Company during the financial year was Sports consultancy 14022019 2024-04-30 14022019 bus:Director1 2024-04-30 14022019 bus:Director2 2024-04-30 14022019 2023-04-30 14022019 core:CurrentFinancialInstruments 2024-04-30 14022019 core:CurrentFinancialInstruments 2023-04-30 14022019 core:RetainedEarningsAccumulatedLosses 2024-04-30 14022019 core:RetainedEarningsAccumulatedLosses 2023-04-30 14022019 2023-05-01 2024-04-30 14022019 bus:FilletedAccounts 2023-05-01 2024-04-30 14022019 bus:SmallEntities 2023-05-01 2024-04-30 14022019 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14022019 bus:CompanyLimitedByGuarantee 2023-05-01 2024-04-30 14022019 bus:Director1 2023-05-01 2024-04-30 14022019 bus:Director2 2023-05-01 2024-04-30 14022019 2022-04-04 2023-04-30 iso4217:GBP xbrli:pure

Company No: 14022019 (England and Wales)

ATHLETES OF THE WORLD LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

ATHLETES OF THE WORLD LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

ATHLETES OF THE WORLD LIMITED

BALANCE SHEET

As at 30 April 2024
ATHLETES OF THE WORLD LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
30.04.2024 30.04.2023
£ £
Current assets
Cash at bank and in hand 18,408 1,557
18,408 1,557
Creditors: amounts falling due within one year 3 ( 25,411) ( 4,334)
Net current liabilities (7,003) (2,777)
Total assets less current liabilities (7,003) (2,777)
Net liabilities ( 7,003) ( 2,777)
Reserves
Profit and loss account ( 7,003 ) ( 2,777 )
Total reserves ( 7,003) ( 2,777)

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Athletes of the World Limited (registered number: 14022019) were approved and authorised for issue by the Board of Directors on 16 September 2024. They were signed on its behalf by:

M H C Wilson
Director
ATHLETES OF THE WORLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
ATHLETES OF THE WORLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Athletes of the World Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House 2-8 Parkstone Road, Poole, BH15 2PW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

2. Employees

Year ended
30.04.2024
Period from
04.04.2022 to
30.04.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Creditors: amounts falling due within one year

30.04.2024 30.04.2023
£ £
Other creditors 25,411 4,334