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REGISTERED NUMBER: 04323660 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MASCOT MANAGEMENT LIMITED

MASCOT MANAGEMENT LIMITED (REGISTERED NUMBER: 04323660)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MASCOT MANAGEMENT LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: J Evans
P R Skelland
S A Wynn





REGISTERED OFFICE: Wards Court
203 Ecclesall Road
Sheffield
South Yorkshire
S11 8HW





REGISTERED NUMBER: 04323660 (England and Wales)

MASCOT MANAGEMENT LIMITED (REGISTERED NUMBER: 04323660)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,353 7,077

CURRENT ASSETS
Debtors 6 282,622 275,746
Cash at bank 52,004 44,712
334,626 320,458
CREDITORS
Amounts falling due within one year 7 113,413 90,880
NET CURRENT ASSETS 221,213 229,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,566

236,655

CREDITORS
Amounts falling due after more than one
year

8

(7,927

)

(17,980

)

PROVISIONS FOR LIABILITIES (1,207 ) (1,345 )
NET ASSETS 218,432 217,330

CAPITAL AND RESERVES
Called up share capital 10 1,250 1,250
Retained earnings 217,182 216,080
SHAREHOLDERS' FUNDS 218,432 217,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MASCOT MANAGEMENT LIMITED (REGISTERED NUMBER: 04323660)

BALANCE SHEET - continued
31 December 2024


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 11 March 2025 and were signed on its behalf by:




J Evans - Director P R Skelland - Director




S A Wynn - Director


MASCOT MANAGEMENT LIMITED (REGISTERED NUMBER: 04323660)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Mascot Management 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 (£).


All monetary values stated within these financial statements are rounded to the nearest £.

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 on a going concern basis 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.

Turnover represents net invoiced fees for professional services, excluding Value Added Tax.

Revenue is recognised when the company has been judged to have achieved the right to consideration resulting from a level of completed performance under individual contracts but only to the extent that the outcome of such contracts can be assessed with reasonable certainty.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.


MASCOT MANAGEMENT LIMITED (REGISTERED NUMBER: 04323660)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

3. 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 25,641 27,015 52,656
Additions - 2,283 2,283
At 31 December 2024 25,641 29,298 54,939
DEPRECIATION
At 1 January 2024 21,218 24,361 45,579
Charge for year 1,109 1,898 3,007
At 31 December 2024 22,327 26,259 48,586
NET BOOK VALUE
At 31 December 2024 3,314 3,039 6,353
At 31 December 2023 4,423 2,654 7,077

MASCOT MANAGEMENT LIMITED (REGISTERED NUMBER: 04323660)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 138,105 125,319
Amounts owed by group undertakings 127,339 77,169
Other debtors 17,178 73,258
282,622 275,746

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,274 10,274
Trade creditors 52,129 42,858
Amounts owed to group undertakings 5,000 -
Taxation and social security 33,981 23,932
Other creditors 12,029 13,816
113,413 90,880

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 7,927 17,980

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 21,000 12,750
Between one and five years 5,250 26,250
26,250 39,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,000 Ordinary A shares £1 1,000 1,000
250 Ordinary B shares £1 250 250
1,250 1,250

11. RELATED PARTY DISCLOSURES

MASCOT MANAGEMENT LIMITED (REGISTERED NUMBER: 04323660)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

11. RELATED PARTY DISCLOSURES - continued

There is no ultimate controlling party.

At the date of signing the accounts, the directors, J Evans, P Skelland and S Wynn control the majority of the issued share capital of the holding company, Mascot Group Holdings Limited and as a consequence, the day to day control of the company is exercised by these directors acting in concert.