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REGISTERED NUMBER: 14957305 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 23 JUNE 2023 TO 30 JUNE 2024

FOR

ST8 SPORT LIMITED

ST8 SPORT LIMITED (REGISTERED NUMBER: 14957305)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 23 JUNE 2023 TO 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ST8 SPORT LIMITED

COMPANY INFORMATION
FOR THE PERIOD 23 JUNE 2023 TO 30 JUNE 2024







DIRECTORS: S Tonali
Ms E Pettenuzzo
Anghelos Wealth Management Ltd





REGISTERED OFFICE: 38 Craven Street
London
WC2N 5NG





REGISTERED NUMBER: 14957305 (England and Wales)





ACCOUNTANTS: B&P Tax Legal Finance LLP
38 Craven Street
London
WC2N 5NG

ST8 SPORT LIMITED (REGISTERED NUMBER: 14957305)

BALANCE SHEET
30 JUNE 2024

Notes £   
CURRENT ASSETS
Debtors 4 25,193
Prepayments and accrued income 1,719
Cash at bank 21,106
48,018
CREDITORS
Amounts falling due within one year 5 (182,693 )
NET CURRENT LIABILITIES (134,675 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(134,675

)

CAPITAL AND RESERVES
Called up share capital 1,000
Retained earnings (135,675 )
SHAREHOLDERS' FUNDS (134,675 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





S Tonali - Director


ST8 SPORT LIMITED (REGISTERED NUMBER: 14957305)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 23 JUNE 2023 TO 30 JUNE 2024


1. STATUTORY INFORMATION

ST8 Sport Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
Financial Assets

The company's financial assets comprise basic financial instruments, being trade and other receivables, amounts owed by group undertakings, and cash and bank balances.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of no more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months or less from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade, other receivable and amounts owed by group undertakings are measured at transaction price less any impairment. Any impairment loss is recognised in the Profit and Loss.

Financial assets are derecognised when contractual rights to the cash flows from the financial asset expires or are settled, or when substantially all the risks and rewards of ownership have been transferred.

Financial Liabilities

The company's financial liabilities comprise of basic financial liabilities, including trade and other payables,
corporation tax. These are initially recognised at transaction price.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


ST8 SPORT LIMITED (REGISTERED NUMBER: 14957305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 23 JUNE 2023 TO 30 JUNE 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 period 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.

Going concern
The director is satisfied that the company has adequate resources to continue to operate for the foreseeable future. This is dependent on the continuing support from the shareholder. For this reason, the director continues to adopt the going concern basis in preparing the financial statements

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. DEBTORS
£   
Amounts falling due within one year:
Other debtors 24,193

Amounts falling due after more than one year:
Other debtors 1,000

Aggregate amounts 25,193

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 83,908
Other creditors 98,785
182,693

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2024:

£   
S Tonali
Balance outstanding at start of period -
Amounts advanced (100,000 )
Amounts repaid 1,215
Amounts written off -
Amounts waived -
Balance outstanding at end of period (98,785 )

ST8 SPORT LIMITED (REGISTERED NUMBER: 14957305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 23 JUNE 2023 TO 30 JUNE 2024


7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Tonali.