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REGISTERED NUMBER: 10353929 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HI SPORT MANAGEMENT LTD

HI SPORT MANAGEMENT LTD (REGISTERED NUMBER: 10353929)






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


HI SPORT MANAGEMENT LTD

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: J A Troostwyk





SECRETARY: Regent Premium Secretary Ltd.





REGISTERED OFFICE: 7 Bell Yard
London
WC2A 2JR





REGISTERED NUMBER: 10353929 (England and Wales)





ACCOUNTANTS: Vera Group Ltd
15 Hanover Square
London
W1S 1HS

HI SPORT MANAGEMENT LTD (REGISTERED NUMBER: 10353929)

BALANCE SHEET
31 December 2024

2024 2023
Notes €    €    €    €   
FIXED ASSETS
Investments 4 532 797

CURRENT ASSETS
Debtors 5 203 4,198
Cash at bank 200,098 165,353
200,301 169,551
CREDITORS
Amounts falling due within one year 6 2,500 2,501
NET CURRENT ASSETS 197,801 167,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,333

167,847

CAPITAL AND RESERVES
Called up share capital 1,176 1,176
Retained earnings 197,157 166,671
198,333 167,847

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 director acknowledges his 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.

HI SPORT MANAGEMENT LTD (REGISTERED NUMBER: 10353929)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 February 2025 and were signed by:





J A Troostwyk - Director


HI SPORT MANAGEMENT LTD (REGISTERED NUMBER: 10353929)

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

1. STATUTORY INFORMATION

Hi Sport Management Ltd 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.

The financial statements are prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Euros ( € ).

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

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

HI SPORT MANAGEMENT LTD (REGISTERED NUMBER: 10353929)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
€   
COST
At 1 January 2024 797
Disposals (265 )
At 31 December 2024 532
NET BOOK VALUE
At 31 December 2024 532
At 31 December 2023 797

The subsidiary is So Race Limited , a company incorporated in England and Wales.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
€    €   
Amounts owed by group undertakings 203 203
Other debtors - 3,995
203 4,198

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
€    €   
Other creditors 2,500 2,501