Company registration number 09100722 (England and Wales)
REAL MANAGEMENT SPORTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
REAL MANAGEMENT SPORTS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
REAL MANAGEMENT SPORTS LTD
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
9,238
10,604
Current assets
Debtors
6
24,835
8,749
Cash at bank and in hand
235,038
104,112
259,873
112,861
Creditors: amounts falling due within one year
7
(93,679)
(19,946)
Net current assets
166,194
92,915
Net assets
175,432
103,519
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
175,431
103,518
Total equity
175,432
103,519

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 19 December 2024
A T Dart
Director
Company registration number 09100722 (England and Wales)
REAL MANAGEMENT SPORTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

Real Management Sports Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5a Bear Lane, Southwark, London, United Kingdom, SE1 0UH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

REAL MANAGEMENT SPORTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
4
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
72,444
15,142
Deferred tax
Origination and reversal of timing differences
3,044
-
0
Total tax charge
75,488
15,142
REAL MANAGEMENT SPORTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023
28,963
Additions
4,590
Disposals
(18,770)
At 30 June 2024
14,783
Depreciation and impairment
At 1 July 2023
18,359
Depreciation charged in the year
2,039
Eliminated in respect of disposals
(14,853)
At 30 June 2024
5,545
Carrying amount
At 30 June 2024
9,238
At 30 June 2023
10,604
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
14,718
6,025
Other debtors
10,117
2,724
24,835
8,749
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,049
543
Corporation tax
72,444
15,142
Other taxation and social security
8,713
-
0
Other creditors
10,473
4,261
93,679
19,946
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
REAL MANAGEMENT SPORTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
8
Called up share capital
(Continued)
- 5 -
9
Directors' transactions

At the year end the balance owed to the director from the company was £359 (2023 - £248).

2024-06-302023-07-01false14 January 2025CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr Andrew T Dartfalsefalse091007222023-07-012024-06-30091007222024-06-30091007222023-06-3009100722core:OtherPropertyPlantEquipment2024-06-3009100722core:OtherPropertyPlantEquipment2023-06-3009100722core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3009100722core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3009100722core:CurrentFinancialInstruments2024-06-3009100722core:CurrentFinancialInstruments2023-06-3009100722core:ShareCapital2024-06-3009100722core:ShareCapital2023-06-3009100722core:RetainedEarningsAccumulatedLosses2024-06-3009100722core:RetainedEarningsAccumulatedLosses2023-06-3009100722bus:Director12023-07-012024-06-3009100722core:FurnitureFittings2023-07-012024-06-30091007222022-07-012023-06-3009100722core:UKTax2023-07-012024-06-3009100722core:UKTax2022-07-012023-06-3009100722core:OtherPropertyPlantEquipment2023-06-3009100722core:OtherPropertyPlantEquipment2023-07-012024-06-3009100722core:WithinOneYear2024-06-3009100722core:WithinOneYear2023-06-3009100722bus:PrivateLimitedCompanyLtd2023-07-012024-06-3009100722bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3009100722bus:FRS1022023-07-012024-06-3009100722bus:AuditExemptWithAccountantsReport2023-07-012024-06-3009100722bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP