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REGISTERED NUMBER: 09104562 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Sports Labs Holdings Ltd

Sports Labs Holdings Ltd (Registered number: 09104562)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sports Labs Holdings Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: R K Nixon
E J O'Donnell





REGISTERED OFFICE: 3rd Floor
207 Regent Street
London
W1B 3HH





REGISTERED NUMBER: 09104562 (England and Wales)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Sports Labs Holdings Ltd (Registered number: 09104562)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Investments 4 380 380

CURRENT ASSETS
Cash in hand 52 52

CREDITORS
Amounts falling due within one year 5 535 535
NET CURRENT LIABILITIES (483 ) (483 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(103

)

(103

)

CAPITAL AND RESERVES
Called up share capital 390 390
Retained earnings (493 ) (493 )
SHAREHOLDERS' FUNDS (103 ) (103 )

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 directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:




R K Nixon - Director



E J O'Donnell - Director


Sports Labs Holdings Ltd (Registered number: 09104562)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Sports Labs Holdings Ltd 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

As at the balance sheet date, the company's liabilities exceed its assets by £103 (2023 - £103). The Company meets its day to day working capital from loans from Sports Labs Ltd, a 90% subsidiary. The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future.The Director believes that the financial statements should be prepared on a going concern basis and appropriate funding will be available if required.

Preparation of consolidated financial statements
The financial statements contain information about Sports Labs Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 September 2023
and 31 August 2024 380
NET BOOK VALUE
At 31 August 2024 380
At 31 August 2023 380

Sports Labs Holdings Ltd (Registered number: 09104562)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Sportslabs Consult Ltd
Registered office: 1 Adam Square, Brucefield Industry Park, Livingston, West Lothian Scotland, EH54 9DE
Nature of business: Sports surfaces consultancy
%
Class of shares: holding
Ordinary 100.00
31.8.24 31.8.23
£    £   
Aggregate capital and reserves (333 ) (333 )

Sports Labs Holdings Ltd doesn't own any of the Ordinary A or Ordinary B shares.

Sports Labs Ltd
Registered office: 1 Adam Square, Brucefield Industry Park, Livingston, West Lothian Scotland, EH54 9DE
Nature of business: Specialists testing for sports surfaces
%
Class of shares: holding
Ordinary 90.00
31.8.24 31.8.23
£    £   
Aggregate capital and reserves 956,377 1,946,670
(Loss)/profit for the year (798,293 ) 420,513

Sports Labs Holdings Ltd doesn't own any of the Ordinary A or Ordinary B shares which are non voting shares.

Sports Test Equip Ltd
Registered office: 1 Adam Square, Brucefield Industry Park, Livingston, West Lothian Scotland, EH54 9DE
Nature of business: Manufacturing sports surface testing equipment
%
Class of shares: holding
Ordinary 100.00
31.8.24 31.8.23
£    £   
Aggregate capital and reserves 578,843 414,955
Profit for the year 163,888 42,860

The investments in subsidiaries are valued at cost less impairment.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts owed to group undertakings 535 535

Sports Labs Holdings Ltd (Registered number: 09104562)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. RELATED PARTY DISCLOSURES

From time to time the company enters into transactions with other Companies under common control or in which significant influence is held by the directors. Where these transactions have been made under normal market conditions specific details are not provided.


Balances owed to other Group Companies


2024 2023
Payable Payable
£    £   

Loan balances with other group companies 535 535