Registered number
10888983
Fantasy Sport Plays Limited
Filleted Accounts
31 July 2024
Fantasy Sport Plays Limited
Registered number: 10888983
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 209,842 209,842
Current assets
Cash at bank and in hand 76 51
Creditors: amounts falling due within one year 4 (21,769) (19,007)
Net current liabilities (21,693) (18,956)
Net assets 188,149 190,886
Capital and reserves
Called up share capital 219,817 219,817
Share premium 34,276 34,276
Profit and loss account (65,944) (63,207)
Shareholders' funds 188,149 190,886
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D Dorricott
Director
Approved by the board on 13 November 2024
Fantasy Sport Plays Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 209,842
At 31 July 2024 209,842
Amortisation
At 31 July 2024 -
Net book value
At 31 July 2024 209,842
At 31 July 2023 209,842
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 21,769 19,007
5 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr D Dorricott
Directors Loan Account 5,424 (81) 1,355 6,698
Mr P Sinclair
Directors Loan Account 13,283 (50) 1,520 14,753
18,707 (131) 2,875 21,451
6 Other information
Fantasy Sport Plays Limited is a private company limited by shares and incorporated in England. Its registered office is:
Derwent Business Centre
Clarke Street
Derby
DE1 2BU
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