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REGISTERED NUMBER: 07720186 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Insignia Sports International Limited

Insignia Sports International Limited (Registered number: 07720186)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Insignia Sports International Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S A Auteri
T E Harwood
J Poysden
P Roberts
E N Tolchard
P Weston





REGISTERED OFFICE: V110 Vox Studios
1-45 Durham Street
London
SE11 5AP





REGISTERED NUMBER: 07720186 (England and Wales)





AUDITORS: Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY

Insignia Sports International Limited (Registered number: 07720186)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 14,264 21,238

CURRENT ASSETS
Debtors 6 2,264,699 2,302,780
Cash at bank 1,020,933 617,347
3,285,632 2,920,127
CREDITORS
Amounts falling due within one year 7 1,714,039 1,512,759
NET CURRENT ASSETS 1,571,593 1,407,368
TOTAL ASSETS LESS CURRENT LIABILITIES 1,585,857 1,428,606

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 460,355 -
Retained earnings 1,125,501 1,428,605
SHAREHOLDERS' FUNDS 1,585,857 1,428,606

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:





E N Tolchard - Director


Insignia Sports International Limited (Registered number: 07720186)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Insignia Sports International 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Insignia Sports International Limited (Registered number: 07720186)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

Hire purchase and leasing commitments
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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

Insignia Sports International Limited (Registered number: 07720186)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 14,906 2,136 25,500 42,542
Additions 644 382 - 1,026
Disposals (11,574 ) - - (11,574 )
At 31 December 2024 3,976 2,518 25,500 31,994
DEPRECIATION
At 1 January 2024 13,470 928 6,906 21,304
Charge for year 1,066 559 6,375 8,000
Eliminated on disposal (11,574 ) - - (11,574 )
At 31 December 2024 2,962 1,487 13,281 17,730
NET BOOK VALUE
At 31 December 2024 1,014 1,031 12,219 14,264
At 31 December 2023 1,436 1,208 18,594 21,238

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,633,865 1,785,597
Amounts owed by group undertakings 485,780 -
Other debtors 17,500 439,289
Rent deposit 7,897 -
Accrued income 119,043 77,894
Prepayments 614 -
2,264,699 2,302,780

Included within Other Debtors is an amount owing from two group companies totalling £485,780 (2023:£Nil). This amount is repayable on demand and does not bear any interest.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 868,974 1,151,652
Tax 211,879 173,129
Social security and other taxes 15,477 -
VAT 20,450 60,337
Other creditors 366,604 5,681
Accrued expenses 230,655 121,960
1,714,039 1,512,759

Insignia Sports International Limited (Registered number: 07720186)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 23,749 -
Between one and five years 16,352 -
40,101 -

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

The Report of the Auditors was unqualified.

Andrew Skilton, ACA (Senior Statutory Auditor)
for and on behalf of Brewers Chartered Accountants

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is TLA Sport Marketing (UK) Limited who own 100% of the entity's share capital.