Registration number:
D.A.M. Management Limited
trading as
for the Year Ended 31 December 2024
D.A.M. Management Limited
trading as Abbey Sports
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
D.A.M. Management Limited
trading as Abbey Sports
Company Information
Directors |
Mr M C Aljoe Mrs S Aljoe Mr J M Aljoe |
Registered office |
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Registered number |
01923801 |
Accountants |
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D.A.M. Management Limited
trading as Abbey Sports
(Registration number: 01923801)
Balance Sheet as at 31 December 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
1,467,892 |
1,453,360 |
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Shareholders' funds |
1,467,992 |
1,453,460 |
D.A.M. Management Limited
trading as Abbey Sports
(Registration number: 01923801)
Balance Sheet as at 31 December 2024
For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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D.A.M. Management Limited
trading as Abbey Sports
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
The principal place of business is:
Old Trees
Green Dene
East Horsley
Surrey
KT24 5RF
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been 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 Sterling (£) and figures are shown to the nearest whole pound.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
D.A.M. Management Limited
trading as Abbey Sports
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Government grants
Government grants in relation to expenditure are credited to profit and loss account when the expenditure is charged to profit and loss.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Furniture, fittings and equipment |
15% on reducing balance |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance to write off the stocks over its useful life.
D.A.M. Management Limited
trading as Abbey Sports
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Taxation |
Tax charged/(credited) in the profit and loss account
2024 |
2023 |
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Current taxation |
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UK corporation tax |
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D.A.M. Management Limited
trading as Abbey Sports
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Tangible assets |
Fixtures and fittings |
Office equipment |
Total |
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Cost or valuation |
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At 1 January 2024 |
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At 31 December 2024 |
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Depreciation |
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At 1 January 2024 |
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Charge for the year |
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At 31 December 2024 |
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Carrying amount |
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At 31 December 2024 |
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At 31 December 2023 |
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Stocks |
2024 |
2023 |
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Finished goods and goods for resale |
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D.A.M. Management Limited
trading as Abbey Sports
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Debtors |
Current |
Note |
2024 |
2023 |
Trade debtors |
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Amounts owed by related parties |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Amounts owed to related parties |
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Taxation and social security |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
D.A.M. Management Limited
trading as Abbey Sports
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Related party transactions |
Mr M Aljoe is a director and shareholder of the following related companies.
As at the balance sheet date:
a) Helenslea Limited owed £197,303 (2023: £236,458) to the company.
b) Abbey International Events Limited owed £12,359 (2023: £77,019) to the company.
c) Abbey Box Office Limited owed £127,722 (2023: £235,372) to the company.
d) Abbey Executive Limited owed £4,000 (2023: £20,000) to the company.
e) Oberon Properties Limited owed £45,000 (2023: £45,000) to the company.
As at the balance sheet date, the company owed:
a) £334,526 (2023: £224,768) to Abbey Leisure Group Limited.
b) £13,018 (2023: £20,393) to the director, Mr M.C Aljoe.
c) Abbey Leisure Events Limited owed £10,840 to the company whereas the company owed £31,310 to Abbey Leisure Events Limited in 2023.