Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312025-05-21true2023-09-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12824619 2023-09-01 2024-08-31 12824619 2022-09-01 2023-08-31 12824619 2024-08-31 12824619 2023-08-31 12824619 c:Director1 2023-09-01 2024-08-31 12824619 d:PlantMachinery 2023-09-01 2024-08-31 12824619 d:PlantMachinery 2024-08-31 12824619 d:PlantMachinery 2023-08-31 12824619 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 12824619 d:MotorVehicles 2023-09-01 2024-08-31 12824619 d:MotorVehicles 2024-08-31 12824619 d:MotorVehicles 2023-08-31 12824619 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 12824619 d:OfficeEquipment 2023-09-01 2024-08-31 12824619 d:OfficeEquipment 2024-08-31 12824619 d:OfficeEquipment 2023-08-31 12824619 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 12824619 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 12824619 d:CurrentFinancialInstruments 2024-08-31 12824619 d:CurrentFinancialInstruments 2023-08-31 12824619 d:Non-currentFinancialInstruments 2024-08-31 12824619 d:Non-currentFinancialInstruments 2023-08-31 12824619 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 12824619 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 12824619 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 12824619 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 12824619 d:ShareCapital 2024-08-31 12824619 d:ShareCapital 2023-08-31 12824619 d:RetainedEarningsAccumulatedLosses 2024-08-31 12824619 d:RetainedEarningsAccumulatedLosses 2023-08-31 12824619 c:FRS102 2023-09-01 2024-08-31 12824619 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12824619 c:FullAccounts 2023-09-01 2024-08-31 12824619 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12824619 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 12824619 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 12824619 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 12824619 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 12824619 d:HirePurchaseContracts d:MoreThanFiveYears 2024-08-31 12824619 d:HirePurchaseContracts d:MoreThanFiveYears 2023-08-31 12824619 d:Associate1 2023-09-01 2024-08-31 12824619 d:Associate1 1 2023-09-01 2024-08-31 12824619 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-08-31 12824619 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-31 12824619 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 12824619









TWENTY SPORTS & MEDIA LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
TWENTY SPORTS & MEDIA LTD
REGISTERED NUMBER: 12824619

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
119,372
5,874

Investments
 5 
980
980

  
120,352
6,854

Current assets
  

Debtors: amounts falling due after more than one year
 6 
306,961
25,908

Debtors: amounts falling due within one year
 6 
1,000,390
175,674

Cash at bank and in hand
  
701,348
372,362

  
2,008,699
573,944

Creditors: amounts falling due within one year
 7 
(307,900)
(42,280)

Net current assets
  
 
 
1,700,799
 
 
531,664

Creditors: amounts falling due after more than one year
 8 
(80,800)
-

Provisions for liabilities
  

Deferred tax
  
(29,843)
(1,116)

Net assets
  
1,710,508
537,402


Capital and reserves
  

Called up share capital 
  
98
98

Profit and loss account
  
1,710,410
537,304

  
1,710,508
537,402


Page 1

 
TWENTY SPORTS & MEDIA LTD
REGISTERED NUMBER: 12824619
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 May 2025.




N T Corden
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
TWENTY SPORTS & MEDIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The company is a private limited company, which is incorporated and registered in England (registration number 12824619). The address of the registered office is Cromwell House, 68 West Gate Mansfield, Nottinghamshire, NG18 1RR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of signing there is a degree of uncertainty about the full economic impact of the wider geopolitical environment and the cost of living. The directors continue to monitor the position closely, however believe that the company will continue at its current level of activity subject to their continued support

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 3

 
TWENTY SPORTS & MEDIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
TWENTY SPORTS & MEDIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight-line basis
Motor vehicles
-
25%
straight-line basis
Office equipment
-
25%
straight-line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
TWENTY SPORTS & MEDIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2023
16,756
-
2,250
19,006


Additions
-
118,250
-
118,250



At 31 August 2024

16,756
118,250
2,250
137,256



Depreciation


At 1 September 2023
11,943
-
1,189
13,132


Charge for the year on owned assets
4,189
-
563
4,752



At 31 August 2024

16,132
-
1,752
17,884



Net book value



At 31 August 2024
624
118,250
498
119,372



At 31 August 2023
4,813
-
1,061
5,874

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
118,250
-

Page 6

 
TWENTY SPORTS & MEDIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 September 2023
980



At 31 August 2024
980





Associate


The following was an associate of the company:


Name

Registered office

Class of shares

Holding

Wickmere Nott'm Limited
The Hart Shaw Building, Europa Link, Sheffield, S9 1XU
B
49%


6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
306,961
25,908


2024
2023
£
£

Due within one year

Trade debtors
-
23,900

Amounts owed by joint ventures and associated undertakings
86,082
73,152

Other debtors
909,514
78,114

Prepayments and accrued income
4,794
508

1,000,390
175,674


Included within other debtors due within one year is a loan to a director, amounting to 909,514 (2023 - £76,764). Amounts repaid during the year totalled £NIL.  The main conditions were as follows:

The loan is interest free and repayable on demand. 

Page 7

 
TWENTY SPORTS & MEDIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
281,303
26,212

Obligations under finance lease and hire purchase contracts
20,200
-

Accruals and deferred income
6,397
16,068

307,900
42,280



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
80,800
-



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
20,200
-

Between 1-5 years
20,200
-

Over 5 years
60,600
-

101,000
-


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £50,000 (2023 - £nil). Contributions totalling £nil (2023 - £nil) were payable to the fund at the balance sheet date.

 
Page 8