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Registered number: 10926498










GB BOXING EVENTS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
GB BOXING EVENTS LIMITED
REGISTERED NUMBER: 10926498

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
35,304
2

Cash at bank and in hand
 4 
5,091
109

  
40,395
111

Creditors: amounts falling due within one year
 5 
(60,171)
(18,271)

Net current liabilities
  
 
 
(19,776)
 
 
(18,160)

Total assets less current liabilities
  
(19,776)
(18,160)

  

Net liabilities
  
(19,776)
(18,160)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(19,777)
(18,161)

  
(19,776)
(18,160)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Ms L. Walker
Director
Date: 28 March 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
GB BOXING EVENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

GB Boxing Events Limited is a private company limited by shares and incorporated in the United Kingdom. The address of the registered office is given in the company information of these financial statements. The company's registration number is 10926498. The company's place of business is located at English Institute of Sport, Coleridge Road, Sheffield, South Yorkshire, S9 5DA.
The financial statements have been prepared on a going concern basis under the historical cost convention modified to include items at fair value. The financial statements have been prepared in accordance with FRS 102 Section 1A small entities, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in Sterling which is the functional currency of the company.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
1.2

Going concern

At 31 March 2024 the company had net liabilities of £19,776. In preparing the financial statements on a going concern basis, the Directors have paid due regard to relevant forecast financial information, including cash flows. In the Directors’ opinion, the company is a going concern for a minimum of twelve months from the date of the approval of the financial statements. In addition confirmation has been received to confirm that the group financing will not be removed until the company has sufficient funds to repay the balance. On this basis we have prepared the accounts on a going concern basis.

 
1.3

Income

Income represents grants and other income receivable less value added tax where applicable.

 
1.4

Grants

The performance model has been adopted in relation to grant income whereby:
A grant that does not impose specified future performance-related conditions on the recipient is recognised in income when the grant proceeds are received or receivable.
A grant that imposes specified future performance-related conditions on the recipient is recognised in income only when the performance-related conditions are met.

 
1.5

Short term debtors and creditors

Debtors and creditors with no stated interest rate or that are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account in other administrative expenses.

 
1.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

Page 2

 
GB BOXING EVENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


3.


Debtors

2024
2023
£
£


Other debtors
21,504
2

Prepayments and accrued income
13,800
-



4.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,091
109



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
180
-

Amounts owed to group undertakings
56,691
14,771

Accruals and deferred income
3,300
3,500

60,171
18,271



6.


Related party transactions

The company has taken advantage of the exemption in section 33.1A of FRS 102 from disclosing transactions with other members of the group where there is 100% control within the group.


7.


Controlling party

The company is controlled by British Amateur Boxing Association Limited, the ultimate parent undertaking.


8.
 

Provisions available for audits of small entities

In common with many other businesses of this size and nature, the company uses their auditors to assist with the preparation of the financial statements.

Page 3

 
GB BOXING EVENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 28 March 2025 by Sarah Flear (Senior statutory auditor) on behalf of PKF Smith Cooper Audit Limited.


Page 4