SP SPORTS UK CIC

Company limited by guarantee

Company Registration Number:
13679975 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

SP SPORTS UK CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SP SPORTS UK CIC

Directors' report period ended 31 October 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Principal activities of the company

Sports and recreation education, other sports activities



Directors

The director shown below has held office during the whole of the period from
1 November 2023 to 31 October 2024

Harkiran Chatha


The director shown below has held office during the period of
8 December 2023 to 31 October 2024

Kurran Johal


The director shown below has held office during the period of
7 December 2023 to 31 October 2024

Premprit Hear


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 January 2025

And signed on behalf of the board by:
Name: Harkiran Chatha
Status: Director

SP SPORTS UK CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 2,167 864
Total current assets: 2,167 864
Creditors: amounts falling due within one year: 3 ( 1,205 ) ( 978 )
Net current assets (liabilities): 962 (114)
Total assets less current liabilities: 962 ( 114)
Total net assets (liabilities): 962 (114)
Members' funds
Profit and loss account: 962 ( 114)
Total members' funds: 962 (114)

The notes form part of these financial statements

SP SPORTS UK CIC

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 22 January 2025
and signed on behalf of the board by:

Name: Harkiran Chatha
Status: Director

The notes form part of these financial statements

SP SPORTS UK CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Other accounting policies

    The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

SP SPORTS UK CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

SP SPORTS UK CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 1,205 978
Total 1,205 978

COMMUNITY INTEREST ANNUAL REPORT

SP SPORTS UK CIC

Company Number: 13679975 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

SP SPORTS UK, is a company which opened in 14/10/21, to benefit the community through sports. We have benefited the community in a variety of ways: We do boxing classes weekly for children, teenagers and adults. And also do other sports such as wrestling in the school holidays for children, to give them other options in sport. We have a positive impact as the community engage with each other, we have members from all backgrounds and faiths and we have seen positive results in seeing everybody train and integrate with each other. We have collaborated with other sports CIC companies, for example as mentioned above, we also do an extra wrestling class for the children in the school holidays. We have had an impact on the community and have positive feedback, especially from the parents of the children who we also invite to the watch their children train in the classes. We have seen people get fitter and also seeing this have a positive effect on their confidence in general. We have access for everybody in the gym we teach at and also provide free parking.

Consultation with stakeholders

The stakeholders are the people in the local community, as our coaches are well known in the community this has had a positive impact in bringing members to our club. We often ask for feedback from our members on how we can improve and move forward as a CIC. Our main sport we teach is boxing, and we spoke to our members and local residents to what other sport they would like to get involved in, as we wanted more options for them. We sent feedback forms out, with a variety of sport options and the most interest we had was wrestling. So we also incorporated an extra wrestling class which not only did the new members join for that but also our existing members got involved too. This is a practice we adopt as we continually want to grow.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
22 January 2025

And signed on behalf of the board by:
Name: Harkiran Chatha
Status: Director