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Company Registration No. 10455195 (England and Wales)
Planet Sport Limited Unaudited accounts for the year ended 31 March 2024
Planet Sport Limited Unaudited accounts Contents
Page
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Planet Sport Limited Company Information for the year ended 31 March 2024
Directors
Angela Jarrett Barrie Jarrett George Odysseos Timothy Satchell Timothy Orrill-Legg Desere Orrill-Legg
Company Number
10455195 (England and Wales)
Registered Office
3.10 Avenue Hq 10-12 East Parade Leeds West Yorkshire LS1 2BH England
Accountants
Sleek Accounting Ltd 205 Regent Street 4th Floor London W1B 4HB
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Planet Sport Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
298,895 
299,877 
Tangible assets
3,580 
8,749 
Investments
102,238 
102,185 
404,713 
410,811 
Current assets
Debtors
1,617,981 
1,492,135 
Cash at bank and in hand
468,530 
221,814 
2,086,511 
1,713,949 
Creditors: amounts falling due within one year
(946,197)
(1,105,494)
Net current assets
1,140,314 
608,455 
Total assets less current liabilities
1,545,027 
1,019,266 
Creditors: amounts falling due after more than one year
(30,978)
(49,167)
Net assets
1,514,049 
970,099 
Capital and reserves
Called up share capital
4,040 
4,040 
Profit and loss account
1,510,009 
966,059 
Shareholders' funds
1,514,049 
970,099 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2025 and were signed on its behalf by
Barrie Jarrett Director Company Registration No. 10455195
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Planet Sport Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Planet Sport Limited is a private company, limited by shares, registered in England and Wales, registration number 10455195. The registered office is 3.10 Avenue Hq, 10-12 East Parade, Leeds, West Yorkshire, LS1 2BH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Investments
Investments in shares are included at fair value.
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Planet Sport Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
302,825 
At 31 March 2024
302,825 
Amortisation
At 1 April 2023
2,948 
Charge for the year
982 
At 31 March 2024
3,930 
Net book value
At 31 March 2024
298,895 
At 31 March 2023
299,877 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
15,662 
At 31 March 2024
15,662 
Depreciation
At 1 April 2023
6,913 
Charge for the year
5,169 
At 31 March 2024
12,082 
Net book value
At 31 March 2024
3,580 
At 31 March 2023
8,749 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2023
102,185 
Additions
53 
Valuation at 31 March 2024
102,238 
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows: Crowdynews Limited, a company registered in England & Wales. The registered office of the above entity is The Leeming Building, Vicar Lane, Leeds, LS2 7JF. 50% of the voting rights and shares are held. The principal activity of Crowdynews Limited is content creation. Planet Bet Limited, a company registered in England & Wales. The registered office of the above entity is 255 Old Shoreham Road, Hove, BN3 7ED. 40% of the voting rights and shares are held.
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Planet Sport Limited Notes to the Accounts for the year ended 31 March 2024
The principal activity of Planet Bet Limited is other publishing activities. Tipstrr Limited, a company registered in England & Wales. The registered office of the above entity is 3.10 Avenue Hq 10-12 East Parade, Leeds, England, LS1 2BH. 30% of the voting rights and shares are held. The principal activity of Tipstrr Limited is Content Services. Planet Sport PTY, a company registered in South Africa. The registered office of the above entity is 2nd Floor, The Harrington, 50 Harrington Street, Zonnebloem, Western Cape, 7925, South Africa. 100% of the voting rights and shares are held. The principal activity of Planet Sport PTY is Content Services.
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,337,921 
1,293,939 
Amounts due from group undertakings etc.
60,913 
87,372 
Accrued income and prepayments
- 
489 
Other debtors
219,147 
110,335 
1,617,981 
1,492,135 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
19,756 
20,527 
VAT
55,730 
66,835 
Trade creditors
227,422 
406,432 
Amounts owed to group undertakings and other participating interests
74,910 
- 
Taxes and social security
146,404 
87,990 
Other creditors
184,553 
263,866 
Loans from directors
72,337 
72,337 
Accruals
153,802 
145,612 
Deferred income
11,283 
41,895 
946,197 
1,105,494 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
30,978 
49,167 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
4,040 Ordinary shares of £1 each
4,040 
4,040 
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Planet Sport Limited Notes to the Accounts for the year ended 31 March 2024
11
Transactions with related parties
Crowdynews Limited is a subsidiary of Planet Sport Limited. The amount owed from Crowdynews Limited at the balance sheet date was £0 (2023: £14,094). Planet Bet Limited is an associate of Planet Sport Limited. The amount owed from Planet Bet Limited at the balance sheet date was £0 (2023: £58,548). Tipstrr Limited is an associate of Planet Sport Limited. The amount owed to Tipstrr Limited at the balance sheet date was £74,910 (2023: owed from £14,730). Planet Connect PTY is related to Planet Sport Limited by virtue of common directors. The amount owed from Planet Connect PTY at the balance sheet date was £212,487 (2023 £103,675). Planet Sport PTY is a subsidiary of Planet Sport Limited. The amount owed from Planet Sport PTY at the balance sheet date was £60,913 (2023 £0).
12
Average number of employees
During the year the average number of employees was 55 (2023: 55).
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