4 3 D.A.M. Management Limited 01923801 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Managers & organisers of sporting events Digita Accounts Production Advanced 6.30.9574.0 true 01923801 2024-01-01 2024-12-31 01923801 2024-12-31 01923801 bus:OrdinaryShareClass1 2024-12-31 01923801 core:CurrentFinancialInstruments 2024-12-31 01923801 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 01923801 core:FurnitureFittings 2024-12-31 01923801 core:OfficeEquipment 2024-12-31 01923801 bus:SmallEntities 2024-01-01 2024-12-31 01923801 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 01923801 bus:FilletedAccounts 2024-01-01 2024-12-31 01923801 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01923801 bus:RegisteredOffice 2024-01-01 2024-12-31 01923801 bus:Director1 2024-01-01 2024-12-31 01923801 bus:Director3 2024-01-01 2024-12-31 01923801 bus:Director5 2024-01-01 2024-12-31 01923801 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 01923801 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01923801 bus:Agent1 2024-01-01 2024-12-31 01923801 core:FurnitureFittings 2024-01-01 2024-12-31 01923801 core:OfficeEquipment 2024-01-01 2024-12-31 01923801 core:PlantMachinery 2024-01-01 2024-12-31 01923801 core:UKTax 2024-01-01 2024-12-31 01923801 countries:EnglandWales 2024-01-01 2024-12-31 01923801 2023-12-31 01923801 core:FurnitureFittings 2023-12-31 01923801 core:OfficeEquipment 2023-12-31 01923801 2023-01-01 2023-12-31 01923801 2023-12-31 01923801 bus:OrdinaryShareClass1 2023-12-31 01923801 core:CurrentFinancialInstruments 2023-12-31 01923801 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01923801 core:FurnitureFittings 2023-12-31 01923801 core:OfficeEquipment 2023-12-31 01923801 core:UKTax 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 01923801

D.A.M. Management Limited

trading as Abbey Sports

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

D.A.M. Management Limited

trading as Abbey Sports

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

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

9A Burroughs Gardens
London
NW4 4AU

Registered number

01923801

Accountants

Ripe LLP
Chartered accountants9A Burroughs Gardens
London
NW4 4AU

 

D.A.M. Management Limited

trading as Abbey Sports

(Registration number: 01923801)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

3,258

4,188

Current assets

 

Stocks

6

646,309

564,000

Debtors

7

439,563

644,579

Cash at bank and in hand

 

877,431

708,286

 

1,963,303

1,916,865

Creditors: Amounts falling due within one year

8

(498,569)

(467,593)

Net current assets

 

1,464,734

1,449,272

Net assets

 

1,467,992

1,453,460

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

1,467,892

1,453,360

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 April 2025 and signed on its behalf by:
 

.........................................
Mr M C Aljoe
Director

 

D.A.M. Management Limited

trading as Abbey Sports

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9A Burroughs Gardens
London
NW4 4AU
England

The principal place of business is:
Old Trees
Green Dene
East Horsley
Surrey
KT24 5RF

2

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 3).

4

Taxation

Tax charged/(credited) in the profit and loss account

2024
£

2023
£

Current taxation

UK corporation tax

5,249

43,217

 

D.A.M. Management Limited

trading as Abbey Sports

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2024

4,638

4,028

8,666

At 31 December 2024

4,638

4,028

8,666

Depreciation

At 1 January 2024

3,471

1,007

4,478

Charge for the year

175

755

930

At 31 December 2024

3,646

1,762

5,408

Carrying amount

At 31 December 2024

992

2,266

3,258

At 31 December 2023

1,167

3,021

4,188

6

Stocks

2024
£

2023
£

Finished goods and goods for resale

646,309

564,000

 

D.A.M. Management Limited

trading as Abbey Sports

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

6,612

3,948

Amounts owed by related parties

10

397,224

613,849

Other debtors

 

35,727

26,782

   

439,563

644,579

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Amounts owed to related parties

10

334,526

256,078

Taxation and social security

 

48,625

67,110

Other creditors

 

115,418

144,405

 

498,569

467,593

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

D.A.M. Management Limited

trading as Abbey Sports

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10

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.