Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2023-01-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03817856 2023-01-01 2023-12-31 03817856 2022-01-01 2022-12-31 03817856 2023-12-31 03817856 2022-12-31 03817856 c:Director1 2023-01-01 2023-12-31 03817856 c:Director2 2023-01-01 2023-12-31 03817856 d:FurnitureFittings 2023-01-01 2023-12-31 03817856 d:FurnitureFittings 2023-12-31 03817856 d:FurnitureFittings 2022-12-31 03817856 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03817856 d:OfficeEquipment 2023-01-01 2023-12-31 03817856 d:OfficeEquipment 2023-12-31 03817856 d:OfficeEquipment 2022-12-31 03817856 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03817856 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03817856 d:CurrentFinancialInstruments 2023-12-31 03817856 d:CurrentFinancialInstruments 2022-12-31 03817856 d:Non-currentFinancialInstruments 2023-12-31 03817856 d:Non-currentFinancialInstruments 2022-12-31 03817856 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03817856 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03817856 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03817856 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 03817856 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 03817856 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 03817856 d:ShareCapital 2023-12-31 03817856 d:ShareCapital 2022-12-31 03817856 d:RetainedEarningsAccumulatedLosses 2023-12-31 03817856 d:RetainedEarningsAccumulatedLosses 2022-12-31 03817856 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03817856 c:OrdinaryShareClass1 2023-12-31 03817856 c:OrdinaryShareClass1 2022-12-31 03817856 c:FRS102 2023-01-01 2023-12-31 03817856 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03817856 c:FullAccounts 2023-01-01 2023-12-31 03817856 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03817856









SPORT & ARTIST MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
SPORT & ARTIST MANAGEMENT LIMITED
REGISTERED NUMBER: 03817856

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
3,902
3,036

  
3,902
3,036

Current assets
  

Debtors: amounts falling due within one year
 5 
4,243
2,129

Cash at bank and in hand
  
6,403
7,069

  
10,646
9,198

Creditors: amounts falling due within one year
 6 
(150,556)
(161,225)

Net current liabilities
  
 
 
(139,910)
 
 
(152,027)

Total assets less current liabilities
  
(136,008)
(148,991)

Creditors: amounts falling due after more than one year
 7 
(8,451)
(14,481)

  

Net liabilities
  
(144,459)
(163,472)


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
(144,461)
(163,474)

  
(144,459)
(163,472)


Page 1

 
SPORT & ARTIST MANAGEMENT LIMITED
REGISTERED NUMBER: 03817856
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 statement of comprehensive income 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 on 19 September 2024.




J G Harris
The Hon R W Hanson
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SPORT & ARTIST MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Sport & Artist Management Limited is a private company limited by shares and is incorporated and domiciled in England and Wales.  The address of the company’s registered office is 101 New Cavendish Street, London W1W 6XH.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis. 
As at 31 December 2023, the company had net liabilities. The directors and shareholders have indicated their present intention to provide adequate finance to enable the company to continue in operational existence and on this basis the director considers it appropriate to prepare the financial statements on the going concern basis.
The financial statements do not reflect any adjustments that would result from a withdrawal of financial support by the directors and shareholders.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
SPORT & ARTIST MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% on cost
Office equipment
-
25% on cost

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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
SPORT & ARTIST MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
27,100
7,872
34,972


Additions
2,160
-
2,160



At 31 December 2023

29,260
7,872
37,132



Depreciation


At 1 January 2023
27,100
4,836
31,936


Charge for the year on owned assets
-
1,294
1,294



At 31 December 2023

27,100
6,130
33,230



Net book value



At 31 December 2023
2,160
1,742
3,902



At 31 December 2022
-
3,036
3,036

Page 5

 
SPORT & ARTIST MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
2,273
-

Prepayments and accrued income
1,970
2,129

4,243
2,129



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
6,049
6,020

Trade creditors
3,674
2,862

Other taxation and social security
-
1,394

Other creditors
140,383
150,499

Accruals and deferred income
450
450

150,556
161,225



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
8,451
14,481

8,451
14,481


Page 6

 
SPORT & ARTIST MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
6,049
6,020


6,049
6,020


Amounts falling due 2-5 years

Bank loans
8,451
14,481


8,451
14,481


14,500
20,501



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares shares of £1.00 each
2
2



10.


Related party transactions

Management fees of £75,000 were charged to  Harris Hanson & Partners Ltd, a company with the same directors and under common control, during the year. 
An amount of £103,738 (2022: £121,044) is owed to them and is included within creditors at the balance sheet date.
Amounts owed to the  directors at the balance sheet date  were:
J G Harris                £61        (2022: £314)
The Hon R W Hanson  £4          (2022: £4)

 
Page 7