BrightAccountsProduction v1.0.0 v1.0.0 2023-04-27 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is media representation services. 27 January 2025 0 14831780 2024-04-30 14831780 2023-04-26 14831780 2023-04-27 2024-04-30 14831780 uk-bus:PrivateLimitedCompanyLtd 2023-04-27 2024-04-30 14831780 uk-curr:PoundSterling 2023-04-27 2024-04-30 14831780 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-27 2024-04-30 14831780 uk-bus:FullAccounts 2023-04-27 2024-04-30 14831780 uk-bus:CompanySecretaryDirector1 2023-04-27 2024-04-30 14831780 uk-bus:CompanySecretary1 2023-04-27 2024-04-30 14831780 uk-bus:RegisteredOffice 2023-04-27 2024-04-30 14831780 uk-bus:Agent1 2023-04-27 2024-04-30 14831780 uk-core:ShareCapital 2024-04-30 14831780 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 14831780 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 14831780 uk-bus:FRS102 2023-04-27 2024-04-30 14831780 uk-core:IntangibleAssetsOtherThanGoodwill 2023-04-26 14831780 uk-core:IntangibleAssetsOtherThanGoodwill 2023-04-27 2024-04-30 14831780 uk-core:IntangibleAssetsOtherThanGoodwill 2024-04-30 14831780 uk-core:WithinOneYear 2024-04-30 14831780 2023-04-27 2024-04-30 14831780 uk-bus:AuditExempt-NoAccountantsReport 2023-04-27 2024-04-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 14831780
 
 
Project Sports Media Limited
 
Director's Report and Unaudited Financial Statements
 
for the financial period from 27 April 2023 (date of incorporation) to 30 April 2024
Project Sports Media Limited
DIRECTOR AND OTHER INFORMATION

 
Director Niall McGarry (Appointed 27 April 2023)
 
 
Company Secretary Niall McGarry (Appointed 27 April 2023)
 
 
Company Registration Number 14831780
 
 
Registered Office and Business Address 167-169 Great Portland Street
5th Floor
London
W1W 5PF
 
 
Accountants MCI Chartered Accountants
Sentinel House
13 Pump Street
Derry, BT48 6JG
 
 
Bankers Revolut
  4th Floor,
  7 Westferry Circus
  London
  E14 4HD



Project Sports Media Limited
DIRECTOR'S REPORT
for the financial period from 27 April 2023 (date of incorporation) to 30 April 2024

 
The director presents their report and the unaudited financial statements for the financial period from 27 April 2023 (date of incorporation) to 30 April 2024.
     
Director
The director who served during the financial period is as follows:
     
Niall McGarry (Appointed 27 April 2023)
   
     
Statement of Director's Responsibilities
     
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period.

In preparing these financial statements, the director is required to:
select suitable accounting policies and apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
     
Niall McGarry
Director
     
27 January 2025



Project Sports Media Limited
Company Registration Number: 14831780
BALANCE SHEET
as at 30 April 2024

Apr 24
Notes £
 
Fixed Assets
Intangible assets 4 322,299
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Current Assets
Debtors 5 222
Cash and cash equivalents 1,938
─────────
2,160
─────────
Creditors: amounts falling due within one year 6 (324,632)
─────────
Net Current Liabilities (322,472)
─────────
Total Assets less Current Liabilities (173)
═════════
 
Capital and Reserves
Called up share capital 1,000
Income and expenditure account (1,173)
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Shareholders' Deficit (173)
═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Income and Expenditure Account.
       
For the financial period from 27 April 2023 (date of incorporation) to 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
       
Approved by the Director and authorised for issue on 27 January 2025
       
       
       
Niall McGarry      
Director      
       



Project Sports Media Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial period from 27 April 2023 (date of incorporation) to 30 April 2024

   
1. General Information
 
Project Sports Media Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 14831780. The registered office of the company is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF which is also the principal place of business of the company. The principal activity of the company is media representation services. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 30 April 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Intangible assets
 
Social Media Assets
Social Media Assets are valued at cost less accumulated amortisation.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
The charge for taxation is based on the results for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Provision is made at the rates expected to apply when the timing differences reverse. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in taxable profits in periods different from those in which they are recognised in the financial statements.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income and Expenditure Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 12 month 4 days period from 27 April 2023 (date of incorporation) to 30 April 2024.
       
4. Intangible assets
  Social Media  
  Assets Total
  £ £
Cost
At 27 April 2023 - -
Additions 322,299 322,299
  ───────── ─────────
At 30 April 2024 322,299 322,299
  ───────── ─────────
Net book value
At 30 April 2024 322,299 322,299
  ═════════ ═════════
     
5. Debtors Apr 24
  £
 
Taxation 222
  ═════════
     
6. Creditors Apr 24
Amounts falling due within one year £
 
Connected company loans 324,632
  ═════════