Company registration number 07258499 (England and Wales)
ROM SOCCERLEAGUES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
ROM SOCCERLEAGUES LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
ROM SOCCERLEAGUES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024
30 June 2024
- 1 -
30 June 2024
31 December 2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
23,588
30,308
Tangible assets
4
945
-
0
24,533
30,308
Current assets
Debtors
5
641,450
944,897
Investments
6
214,305
-
0
Cash at bank and in hand
39,891
24,007
895,646
968,904
Creditors: amounts falling due within one year
7
(803,117)
(652,442)
Net current assets
92,529
316,462
Total assets less current liabilities
117,062
346,770
Creditors: amounts falling due after more than one year
8
-
0
(240,052)
Net assets
117,062
106,718
Capital and reserves
Called up share capital
9
20
20
Share premium account
99,990
99,990
Profit and loss reserves
17,052
6,708
Total equity
117,062
106,718
ROM SOCCERLEAGUES LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 2 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial Period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 28 January 2025
Mr R Spacey
Director
Company registration number 07258499 (England and Wales)
ROM SOCCERLEAGUES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 JUNE 2024
- 3 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2022
20
99,990
3,079
103,089
Year ended 31 December 2022:
Profit and total comprehensive income
-
-
372,779
372,779
Dividends
-
-
(369,150)
(369,150)
Balance at 31 December 2022
20
99,990
6,708
106,718
Period ended 30 June 2024:
Profit and total comprehensive income
-
-
511,194
511,194
Dividends
-
-
(500,850)
(500,850)
Balance at 30 June 2024
20
99,990
17,052
117,062
ROM SOCCERLEAGUES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
- 4 -
1
Accounting policies
Company information

Rom Soccerleagues Limited is a private company limited by shares incorporated in England and Wales. The registered office is West Point, Second Floor, Mucklow Office Park, Mucklow Hill, Halesowen, West Midlands, England, B62 8DY.

1.1
Reporting period

The reporting period has been extended from 31st December 2023 to 30th June 2024 as an 18M period in order to bring the annual reporting date in line with other related parties. As a result the trading results are not entirely comparable to the prior reporting period.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

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

 

1.4
Intangible fixed assets - goodwill

Goodwill, being amounts paid in connection with the acquisition of a number of businesses, is being amortised evenly over its estimated useful life of 5 years.

1.5
Intangible fixed assets other than goodwill

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

ROM SOCCERLEAGUES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by the management.

 

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

 

Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives, on a straight line basis.

 

Depreciation is provided on the following basis:

 

    Plant and machinery        -        25%        straight line    

    Fixtures and fittings        -        25%        straight line    

    Computer equipment        -        25%        straight line    

 

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

 

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 

1.7
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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ROM SOCCERLEAGUES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
2022
Number
Number
Total
15
19
3
Intangible fixed assets
Goodwill
Development costs
Total
£
£
£
Cost
At 1 January 2023
195,400
220,741
416,141
Additions
-
0
14,383
14,383
Disposals
(36,500)
-
0
(36,500)
At 30 June 2024
158,900
235,124
394,024
Amortisation and impairment
At 1 January 2023
195,400
190,433
385,833
Amortisation charged for the Period
-
0
21,103
21,103
Disposals
(36,500)
-
0
(36,500)
At 30 June 2024
158,900
211,536
370,436
Carrying amount
At 30 June 2024
-
0
23,588
23,588
At 31 December 2022
-
0
30,308
30,308
ROM SOCCERLEAGUES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 7 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 January 2023
1,128
8,547
16,309
25,984
Business combinations
-
0
-
0
1,079
1,079
At 30 June 2024
1,128
8,547
17,388
27,063
Depreciation and impairment
At 1 January 2023
1,128
8,547
16,309
25,984
Depreciation charged in the Period
-
0
-
0
134
134
At 30 June 2024
1,128
8,547
16,443
26,118
Carrying amount
At 30 June 2024
-
0
-
0
945
945
At 31 December 2022
-
0
-
0
-
0
-
0
5
Debtors
2024
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
537,179
748,490
Amounts owed by undertakings in which the company has a participating interest
1,934
1,934
Other debtors
102,337
191,047
Prepayments and accrued income
-
0
3,426
641,450
944,897
6
Current asset investments
2024
2022
£
£
Other investments
214,305
-
0
ROM SOCCERLEAGUES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 8 -
7
Creditors: amounts falling due within one year
2024
2022
£
£
Bank loans
164,620
96,000
Trade creditors
226,761
208,936
Corporation tax
161,464
173,121
Other taxation and social security
97,903
80,242
Other creditors
13,519
34,833
Accruals and deferred income
138,850
59,310
803,117
652,442
8
Creditors: amounts falling due after more than one year
2024
2022
Notes
£
£
Bank loans and overdrafts
-
0
240,052
9
Called up share capital
2024
2022
2024
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of 1p each
2,000
2,000
20
20
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