Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-01falsecontinued to be that of sports ground and garden maintenance.1817truetruefalse 02877318 2023-03-01 2024-02-29 02877318 2022-03-01 2023-02-28 02877318 2024-02-29 02877318 2023-02-28 02877318 c:CompanySecretary1 2023-03-01 2024-02-29 02877318 c:Director1 2023-03-01 2024-02-29 02877318 c:Director2 2023-03-01 2024-02-29 02877318 c:RegisteredOffice 2023-03-01 2024-02-29 02877318 d:PlantMachinery 2023-03-01 2024-02-29 02877318 d:PlantMachinery 2024-02-29 02877318 d:PlantMachinery 2023-02-28 02877318 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 02877318 d:MotorVehicles 2023-03-01 2024-02-29 02877318 d:MotorVehicles 2024-02-29 02877318 d:MotorVehicles 2023-02-28 02877318 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 02877318 d:FurnitureFittings 2023-03-01 2024-02-29 02877318 d:FurnitureFittings 2024-02-29 02877318 d:FurnitureFittings 2023-02-28 02877318 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 02877318 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 02877318 d:CurrentFinancialInstruments 2024-02-29 02877318 d:CurrentFinancialInstruments 2023-02-28 02877318 d:Non-currentFinancialInstruments 2024-02-29 02877318 d:Non-currentFinancialInstruments 2023-02-28 02877318 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 02877318 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 02877318 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 02877318 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 02877318 d:ShareCapital 2024-02-29 02877318 d:ShareCapital 2023-02-28 02877318 d:RetainedEarningsAccumulatedLosses 2024-02-29 02877318 d:RetainedEarningsAccumulatedLosses 2023-02-28 02877318 c:OrdinaryShareClass1 2023-03-01 2024-02-29 02877318 c:OrdinaryShareClass1 2024-02-29 02877318 c:OrdinaryShareClass1 2023-02-28 02877318 c:FRS102 2023-03-01 2024-02-29 02877318 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 02877318 c:FullAccounts 2023-03-01 2024-02-29 02877318 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 02877318 2 2023-03-01 2024-02-29 02877318 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 02877318 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 02877318 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:shares xbrli:pure


Registered number: 02877318












AMENITY SPORTS MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

 

AMENITY SPORTS MANAGEMENT LIMITED

CONTENTS



Page
Company information
 
1
Balance sheet
 
2 - 3
Notes to the financial statements
 
4 - 11


 

AMENITY SPORTS MANAGEMENT LIMITED
 
COMPANY INFORMATION


Directors
A Davies 
A Ellis 




Company secretary
J Ellis



Registered number
02877318



Registered office
16 Great Queen Street
Covent Garden

London

WC2B 5AH




Accountants
Blick Rothenberg Limited
Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:02877318
AMENITY SPORTS MANAGEMENT LIMITED

BALANCE SHEET
AS AT 29 FEBRUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
177,640
166,729

Current assets
  

Stocks
  
1,500
1,500

Debtors: amounts falling due within one year
 5 
221,078
252,093

Cash at bank and in hand
  
195,438
170,650

  
418,016
424,243

Creditors: amounts falling due within one year
 6 
(232,106)
(205,342)

Net current assets
  
 
 
185,910
 
 
218,901

Total assets less current liabilities
  
363,550
385,630

Creditors: amounts falling due after more than one year
 7 
-
(20,396)

Provisions for liabilities
  

Deferred tax
  
(41,073)
-

  
 
 
(41,073)
 
 
-

Net assets

  

322,477
365,234


Capital and reserves
  

Called up share capital 
 9 
10,100
10,100

Profit and loss account
  
312,377
355,134

Total equity
  
322,477
365,234


Page 2


 
REGISTERED NUMBER:02877318
AMENITY SPORTS MANAGEMENT LIMITED
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A Davies
Director

Date: 15 October 2024

Page 3

 

AMENITY SPORTS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Amenity Sports Management Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 

AMENITY SPORTS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a below basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Straight-line method
Motor vehicles
-
25%
Reducing balance basis
Fixtures and fittings
-
20%
Straight-line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


2.5

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes 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. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Page 5

 

AMENITY SPORTS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)





Financial instruments (continued)

Financial assets
Basic financial assets, including trade and other debtors, bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Page 6

 

AMENITY SPORTS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)





Financial instruments (continued)

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

  
2.7

Share capital

Ordinary shares are classified as equity.

  
2.8

Stocks

Stocks are stated at cost and comprises of raw materials held for maintenance purposes.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 7

 

AMENITY SPORTS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

  
2.11

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated asconsisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

 
2.12

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

  
2.13

Current tax

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 17).

Page 8

 

AMENITY SPORTS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost 


At 1 March 2023
560,984
367,770
22,812
951,566


Additions
4,313
74,653
-
78,966


Disposals
-
(137,349)
-
(137,349)



At 29 February 2024

565,297
305,074
22,812
893,183



Depreciation


At 1 March 2023
477,039
284,986
22,812
784,837


Charge for the year
26,373
33,085
-
59,458


Disposals
-
(128,752)
-
(128,752)



At 29 February 2024

503,412
189,319
22,812
715,543



Net book value



At 29 February 2024
61,885
115,755
-
177,640



At 28 February 2023
83,945
82,784
-
166,729


5.


Debtors

2024
2023
£
£


Trade debtors
220,412
250,171

Prepayments and accrued income
666
1,922

221,078
252,093


Page 9

 

AMENITY SPORTS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
21,772
16,230

Corporation tax
30,005
21,587

Other taxation and social security
81,837
84,046

Obligations under finance lease and hire purchase contracts
25,861
24,475

Other creditors
61,431
51,654

Accruals
11,200
7,350

232,106
205,342



7.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
20,396



8.


Deferred taxation






2024


£






Charged to profit or loss
(41,073)



At end of year
(41,073)

The deferred taxation balance is made up as follows:

29 February
28 February
2024
2023
£
£


Accelerated capital allowances
(41,073)
-

(41,073)
-

Page 10

 

AMENITY SPORTS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,100 (2023 - 10,100) Ordinary shares of £1.00 each
10,100
10,100



10.


Related party transactions

At the year end, included in other creditors is an amount of £60,000l (2023: £50,000) due to the directors. The loan is provided interest free and is unsecured. There are no formal terms and conditions regarding repayment of the loan.

 
Page 11