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REGISTERED NUMBER: 06830136 (England and Wales)














Financial Statements

for the Year Ended 30 April 2024

for

Triple S Sports And Entertainment Group
Limited

Triple S Sports And Entertainment Group
Limited (Registered number: 06830136)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Triple S Sports And Entertainment Group
Limited (Registered number: 06830136)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 42,187 -
Tangible assets 5 200,579 231,035
Investments 6 800,655 800,655
1,043,421 1,031,690

CURRENT ASSETS
Debtors 7 6,527,110 8,311,856
Cash at bank and in hand 2,115,086 1,910,216
8,642,196 10,222,072
CREDITORS
Amounts falling due within one year 8 2,096,490 3,179,149
NET CURRENT ASSETS 6,545,706 7,042,923
TOTAL ASSETS LESS CURRENT LIABILITIES 7,589,127 8,074,613

CREDITORS
Amounts falling due after more than one year 9 (1,301,542 ) (2,018,196 )

PROVISIONS FOR LIABILITIES (50,145 ) (56,336 )
NET ASSETS 6,237,440 6,000,081

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 6,236,440 5,999,081
SHAREHOLDERS' FUNDS 6,237,440 6,000,081

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





Mr P Stretford - Director


Triple S Sports And Entertainment Group
Limited (Registered number: 06830136)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Triple S Sports And Entertainment Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06830136

Registered office: Great Oak Farm Offices
Mag Lane
Lymm
Cheshire
WA13 0TF

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding VAT. Turnover compromises commissions earned, and are recognised in the financial statements in the period to which it relates.

Where a contract is cancelled or terminated during the accounting period, turnover is recognised in full in the period.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised at 25% on reducing balance over its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Triple S Sports And Entertainment Group
Limited (Registered number: 06830136)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Website
development
£   
COST
Additions 45,000
At 30 April 2024 45,000
AMORTISATION
Amortisation for year 2,813
At 30 April 2024 2,813
NET BOOK VALUE
At 30 April 2024 42,187

Triple S Sports And Entertainment Group
Limited (Registered number: 06830136)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 35,722 191,438 212,405 439,565
Additions 109,332 18,415 - 127,747
Disposals - - (156,662 ) (156,662 )
At 30 April 2024 145,054 209,853 55,743 410,650
DEPRECIATION
At 1 May 2023 4,084 123,840 80,606 208,530
Charge for year 13,914 20,768 10,310 44,992
Eliminated on disposal - - (43,451 ) (43,451 )
At 30 April 2024 17,998 144,608 47,465 210,071
NET BOOK VALUE
At 30 April 2024 127,056 65,245 8,278 200,579
At 30 April 2023 31,638 67,598 131,799 231,035

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 - 156,662 156,662
Additions 86,160 - 86,160
Disposals - (156,662 ) (156,662 )
At 30 April 2024 86,160 - 86,160
DEPRECIATION
At 1 May 2023 - 35,902 35,902
Charge for year 3,590 7,549 11,139
Eliminated on disposal - (43,451 ) (43,451 )
At 30 April 2024 3,590 - 3,590
NET BOOK VALUE
At 30 April 2024 82,570 - 82,570
At 30 April 2023 - 120,760 120,760

Triple S Sports And Entertainment Group
Limited (Registered number: 06830136)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 800,655
NET BOOK VALUE
At 30 April 2024 800,655
At 30 April 2023 800,655

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 525,808 623,558
Amounts owed by group undertakings 1,775,306 2,518,851
Amounts owed by associates 430,744 461,361
Other debtors 206,013 250,811
Loans receivable 2,683,179 2,645,969
Directors' current accounts 87,802 21,964
Prepayments and accrued income 118,258 89,342
5,827,110 6,611,856

Amounts falling due after more than one year:
Amounts owed by associates 700,000 1,700,000

Aggregate amounts 6,527,110 8,311,856

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 700,000 700,000
Hire purchase contracts (see note 10) 17,689 5,809
Trade creditors 164,022 116,153
Amounts owed to group undertakings 568,111 1,876,818
Taxation and social security 237,123 302,011
Other creditors 409,545 178,358
2,096,490 3,179,149

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,220,000 1,920,000
Hire purchase contracts (see note 10) 81,542 98,196
1,301,542 2,018,196

Triple S Sports And Entertainment Group
Limited (Registered number: 06830136)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 85,000

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 17,689 5,809
Between one and five years 81,542 98,196
99,231 104,005

Non-cancellable operating leases
2024 2023
£    £   
Within one year 135,632 112,973
Between one and five years 26,884 112,973
162,516 225,946

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,920,000 2,620,000
Hire purchase contracts 99,231 -
2,019,231 2,620,000

There is a Cross Guarantee between the company, Triple S Sports Management Limited, Triple S Events Limited, Julie Perry Events Limited, End to End Media Limited and Rylands Properties (Warrington) Limited for the bank funding.

Hire purchase liabilities are secured on the assets to which they relate.

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Bostock BA BFP FCA (Senior Statutory Auditor)
for and on behalf of Thompson Wright Limited

Triple S Sports And Entertainment Group
Limited (Registered number: 06830136)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr P Stretford
Balance outstanding at start of year 17,209 331,151
Amounts advanced 49,659 17,209
Amounts repaid - (331,151 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 66,868 17,209

Mr K L Shepherd
Balance outstanding at start of year 4,755 7,946
Amounts advanced 16,179 4,755
Amounts repaid - (7,946 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,934 4,755

14. RELATED PARTY DISCLOSURES

2024 2023
£    £   
Amounts due from related parties at the balance sheet date: 2,906,050 4,680,212

2024 2023
£    £   
Amounts due to related parties at the balance sheet date: (568,111 ) (1,876,818 )


15. CONTROLLING PARTY

The company is a 51% owned subsidiary of Shepherd Offshore Ltd, a company incorporated in England and registered at Offshore Technology Park, 1 Rendle Road, Walker, Newcastle upon Tyne, NE6 3NH.

The parent company of largest and smallest group, which includes the company and for which group financial statements are prepared is Shepherd Offshore Group Limited, a company registered in England. Copies of the group financial statements are available from its registered office address at the Offshore Technology Park, 1 Rendle Road, Walker, Newcastle upon Tyne, NE6 3NH.

The ultimate controlling parties are the directors of Shepherd Offshore Limited, who are both directors in the ultimate parent company. The companies are ultimately held in Trusts,though this has no impact on control.