2024-01-012024-12-312024-12-31false05993871DTB SPORTS HOSPITALITY & EVENT MANAGEMENT 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DTB SPORTS HOSPITALITY & EVENT MANAGEMENT LIMITED

Registered Number
05993871
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

DTB SPORTS HOSPITALITY & EVENT MANAGEMENT LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

TITCHENER BARRETT, Alexander Toby Robert
TITCHENER-BARRETT, Dominic Charles Alexander

Company Secretary

TITCHENER BARRETT, Alexander

Registered Address

Unit B, Distillery Wharf
Chancellors Road
London
W6 9GX

Registered Number

05993871 (England and Wales)
DTB SPORTS HOSPITALITY & EVENT MANAGEMENT LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3780,000900,601
Investments447,863502,294
827,8631,402,895
Current assets
Debtors52,680,3712,135,918
Cash at bank and on hand514,741750,242
3,195,1122,886,160
Creditors amounts falling due within one year6(3,776,532)(3,712,250)
Net current assets (liabilities)(581,420)(826,090)
Total assets less current liabilities246,443576,805
Creditors amounts falling due after one year7-(71,551)
Provisions for liabilities8(4,040)(33,473)
Net assets242,403471,781
Capital and reserves
Called up share capital85100
Revaluation reserve17,499201,407
Profit and loss account224,819270,274
Shareholders' funds242,403471,781
The financial statements were approved and authorised for issue by the Board of Directors on 11 April 2025, and are signed on its behalf by:
TITCHENER BARRETT, Alexander Toby Robert
Director
Registered Company No. 05993871
DTB SPORTS HOSPITALITY & EVENT MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Land and buildings50
Plant and machinery4
Fixtures and fittings4
Vehicles4
Office Equipment4
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Related parties
At the year-end date the following balances existed with companies under common control, registered in England and Wales. Company name: DTB Group Holdings Ltd Amount (Debtor/Creditor): £488,562 (Debtor) 2023 Amount Debtor/Creditor: £nil (Debtor) The following transaction was conducted at arm’s length: The company was charged by DTB Group Holdings Ltd a management fee of £72,000 (2023 : £nil).
2.Average number of employees

20242023
Average number of employees during the year1817
3.Tangible fixed assets

Land & buildings

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 January 241,000,0004,62836,2411,040,869
Revaluations(200,000)--(200,000)
Disposals-(4,628)(36,241)(40,869)
At 31 December 24800,000--800,000
Depreciation and impairment
At 01 January 24120,0003,47116,797140,268
Charge for year20,000-7,55127,551
Revaluation surplus(120,000)--(120,000)
On disposals-(3,471)(24,348)(27,819)
At 31 December 2420,000--20,000
Net book value
At 31 December 24780,000--780,000
At 31 December 23880,0001,15719,444900,601
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 January 24502,294502,294
Additions56,99256,992
Revaluations(24,682)(24,682)
Disposals(486,741)(486,741)
At 31 December 2447,86347,863
Net book value
At 31 December 2447,86347,863
At 31 December 23502,294502,294

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables306,591573,916
Other debtors493,5842,740
Prepayments and accrued income1,880,1961,559,262
Total2,680,3712,135,918
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,060,6671,020,647
Bank borrowings and overdrafts12,84582,521
Taxation and social security7,099147,706
Other creditors62,229145,594
Accrued liabilities and deferred income2,633,6922,315,782
Total3,776,5323,712,250
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts-71,551
Total-71,551
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)4,04033,473
Total4,04033,473