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REGISTERED NUMBER: 12165106 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2024

FOR

SPRINT MANAGEMENT LIMITED

SPRINT MANAGEMENT LIMITED (REGISTERED NUMBER: 12165106)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SPRINT MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr P P Rao





REGISTERED OFFICE: 5 Clarefield Drive
Maidenhead
Berkshire
SL6 5DW





REGISTERED NUMBER: 12165106 (England and Wales)





ACCOUNTANTS: Workwell People Solutions Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

SPRINT MANAGEMENT LIMITED (REGISTERED NUMBER: 12165106)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 5 575,000 530,000

CURRENT ASSETS
Cash at bank 15,262 14,954

CREDITORS
Amounts falling due within one year 168,832 168,723
NET CURRENT LIABILITIES (153,570 ) (153,769 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,430

376,231

CREDITORS
Amounts falling due after more than one year 6 (360,378 ) (360,378 )

PROVISIONS FOR LIABILITIES (11,141 ) (2,591 )
NET ASSETS 49,911 13,262

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 47,497 11,047
Retained earnings 2,314 2,115
SHAREHOLDERS' FUNDS 49,911 13,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SPRINT MANAGEMENT LIMITED (REGISTERED NUMBER: 12165106)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 May 2025 and were signed by:





Mr P P Rao - Director


SPRINT MANAGEMENT LIMITED (REGISTERED NUMBER: 12165106)

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


1. STATUTORY INFORMATION

SPRINT MANAGEMENT LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 530,000
Revaluations 45,000
At 31 August 2024 575,000
NET BOOK VALUE
At 31 August 2024 575,000
At 31 August 2023 530,000

SPRINT MANAGEMENT LIMITED (REGISTERED NUMBER: 12165106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2021 (16,362 )
Valuation in 2022 30,000
Valuation in 2024 45,000
Cost 516,362
575,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5yrs instal 360,378 360,378

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 360,378 360,378

Bank loan are secured by a negative pledge over the company assets.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

SPRINT MANAGEMENT LIMITED (REGISTERED NUMBER: 12165106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr P P Rao
Balance outstanding at start of year (77,431 ) (76,735 )
Amounts advanced 1,116 2,240
Amounts repaid (1,374 ) (2,936 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (77,689 ) (77,431 )