Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2022 27 September 2021 false 1 January 2023 31 December 2023 31 December 2023 13643702 Mr Michael Landau iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13643702 2022-12-31 13643702 2023-12-31 13643702 2023-01-01 2023-12-31 13643702 frs-core:CurrentFinancialInstruments 2023-12-31 13643702 frs-core:Non-currentFinancialInstruments 2023-12-31 13643702 frs-core:ShareCapital 2023-12-31 13643702 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13643702 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13643702 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13643702 frs-bus:SmallEntities 2023-01-01 2023-12-31 13643702 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13643702 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13643702 frs-core:UnlistedNon-exchangeTraded 2023-12-31 13643702 frs-core:UnlistedNon-exchangeTraded 2022-12-31 13643702 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 13643702 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 13643702 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 13643702 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 13643702 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 13643702 frs-bus:Director1 2023-01-01 2023-12-31 13643702 frs-countries:EnglandWales 2023-01-01 2023-12-31 13643702 2021-09-26 13643702 2022-12-31 13643702 2021-09-27 2022-12-31 13643702 frs-core:CurrentFinancialInstruments 2022-12-31 13643702 frs-core:Non-currentFinancialInstruments 2022-12-31 13643702 frs-core:ShareCapital 2022-12-31 13643702 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13643702
Bri Sports Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13643702
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 3,898,158 3,037,592
3,898,158 3,037,592
CURRENT ASSETS
Debtors 5 691,245 904,892
691,245 904,892
Creditors: Amounts Falling Due Within One Year 6 (3,874,300 ) (2,577,032 )
NET CURRENT ASSETS (LIABILITIES) (3,183,055 ) (1,672,140 )
TOTAL ASSETS LESS CURRENT LIABILITIES 715,103 1,365,452
Creditors: Amounts Falling Due After More Than One Year 7 (3,051,586 ) (3,173,009 )
NET LIABILITIES (2,336,483 ) (1,807,557 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (2,336,583 ) (1,807,657 )
SHAREHOLDERS' FUNDS (2,336,483) (1,807,557)
Page 1
Page 2
For the year ending 31 December 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Landau
Director
17/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bri Sports Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13643702 . The registered office is 2nd Floor, Walbrook Building, 195 Marsh Wall, London, E14 9SG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 January 2023 3,037,592
Additions 860,566
As at 31 December 2023 3,898,158
...CONTINUED
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Page 4
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 3,898,158
As at 1 January 2023 3,037,592
This investment relates to a 10% shareholding in Paris Football Club SASP.
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 691,145 698,208
Other debtors 100 206,684
691,245 904,892
The majority of last year's other debtors balance related to a prepayment made to Lyca Investment Holdings Ltd towards the current seasons fee. This was a related party due to the common shareholding of the main shareholder.
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 142,596 306,586
Other creditors 3,731,704 2,270,446
3,874,300 2,577,032
The other creditors balance relates mostly to payables due to related parties of BRI Sports Holdings Limited. These are related due to the common shareholding of the main shareholder.
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Other creditors 3,051,586 3,173,009
The following balance relates to a loan with Lycatelcom Lda which is considered to be a related party to BRI Sports Holdings Limited due to the common shareholding of the main shareholder. The loan is repayable on 17 October 2031.
8. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 100 100
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