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Company No: 10225352 (England and Wales)

BORN READY SPORTS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

BORN READY SPORTS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

BORN READY SPORTS LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2024
BORN READY SPORTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
DIRECTORS F G Birindelli
P L Pogba
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 10225352 (England and Wales)
BORN READY SPORTS LIMITED

BALANCE SHEET

As at 30 June 2024
BORN READY SPORTS LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 1 1
1 1
Current assets
Debtors 4 135,369 1,038,787
Cash at bank and in hand 853,744 1,869,527
989,113 2,908,314
Creditors: amounts falling due within one year 5 ( 67,150) ( 105,100)
Net current assets 921,963 2,803,214
Total assets less current liabilities 921,964 2,803,215
Net assets 921,964 2,803,215
Capital and reserves
Called-up share capital 1 1
Profit and loss account 921,963 2,803,214
Total shareholders' funds 921,964 2,803,215

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Born Ready Sports Limited (registered number: 10225352) were approved and authorised for issue by the Board of Directors on 26 March 2025. They were signed on its behalf by:

F G Birindelli
Director
BORN READY SPORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
BORN READY SPORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Born Ready Sports Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received for services provided in the exploitation of intellectual property contracts, and is shown net of VAT and other sales related taxes.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets not amortised
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year 0 0

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 July 2023 1 1
At 30 June 2024 1 1
Accumulated amortisation
At 01 July 2023 0 0
At 30 June 2024 0 0
Net book value
At 30 June 2024 1 1
At 30 June 2023 1 1

4. Debtors

2024 2023
£ £
Corporation tax 128,709 166,184
Other debtors 6,660 872,603
135,369 1,038,787

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 67,150 105,100

6. Related party transactions

Exemption is taken under FRS 102 paragraph 1AC.35 not to disclose transactions with other undertakings wholly owned within the group.