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Company No: 15194733 (England and Wales)

ACE HIGH SPORTS LTD
(Formerly Art of Draw Ltd)

Unaudited Financial Statements
For the financial period from 07 October 2023 to 31 March 2025
Pages for filing with the registrar

ACE HIGH SPORTS LTD

Unaudited Financial Statements

For the financial period from 07 October 2023 to 31 March 2025

Contents

ACE HIGH SPORTS LTD

BALANCE SHEET

As at 31 March 2025
ACE HIGH SPORTS LTD

BALANCE SHEET (continued)

As at 31 March 2025
Note 31.03.2025
£
Fixed assets
Tangible assets 3 6,463
6,463
Current assets
Debtors 4 6,550
Cash at bank and in hand 83,969
90,519
Creditors: amounts falling due within one year 5 ( 31,727)
Net current assets 58,792
Total assets less current liabilities 65,255
Net assets 65,255
Capital and reserves
Called-up share capital 6 3
Share premium account 97,480
Profit and loss account ( 32,228 )
Total shareholders' funds 65,255

For the financial period ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Ace High Sports Ltd (registered number: 15194733) were approved and authorised for issue by the Board of Directors on 27 May 2025. They were signed on its behalf by:

Mr M J Hawkyard
Director
ACE HIGH SPORTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 07 October 2023 to 31 March 2025
ACE HIGH SPORTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 07 October 2023 to 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Ace High Sports Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The reporting period length is from incorporation on 7th October 2023 to 31st March 2025.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 4 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
07.10.2023 to
31.03.2025
Number
Monthly average number of persons employed by the Company during the period, including directors 3

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 07 October 2023 0 0 0
Additions 217 6,498 6,715
At 31 March 2025 217 6,498 6,715
Accumulated depreciation
At 07 October 2023 0 0 0
Charge for the financial period 23 229 252
At 31 March 2025 23 229 252
Net book value
At 31 March 2025 194 6,269 6,463

4. Debtors

31.03.2025
£
Other debtors 6,550

5. Creditors: amounts falling due within one year

31.03.2025
£
Trade creditors 443
Other taxation and social security 631
Other creditors 30,653
31,727

6. Called-up share capital

31.03.2025
£
Allotted, called-up and fully-paid
149,350 A Ordinary shares of £ 0.00002 each 2.99
14,607 B Ordinary shares of £ 0.00002 each 0.29
3.28