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REGISTERED NUMBER: 14445034 (England and Wales)












Varsity Nine Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024






Varsity Nine Limited (Registered number: 14445034)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Varsity Nine Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: T McLeod-Bentley
J Osei-Tutu
O A Spinelli
V S Cox





REGISTERED OFFICE: 8a Wingbury Courtyard
Business Village
Leighton Road
Wingrave
Buckinghamshire
HP22 4LW





REGISTERED NUMBER: 14445034 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Ltd
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

Varsity Nine Limited (Registered number: 14445034)

Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,797 -
Investments 5 - 1
4,797 1

CURRENT ASSETS
Debtors 6 165,909 47,718
Cash at bank 3,275 71,804
169,184 119,522
CREDITORS
Amounts falling due within one year 7 (97,778 ) (102,187 )
NET CURRENT ASSETS 71,406 17,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,203

17,336

CAPITAL AND RESERVES
Called up share capital 100 2
Share premium 43,964 -
Retained earnings 32,139 17,334
76,203 17,336

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Varsity Nine Limited (Registered number: 14445034)

Balance Sheet - continued
31 December 2024


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 5 June 2025 and were signed on its behalf by:




J Osei-Tutu - Director T McLeod-Bentley - Director




V S Cox - Director O A Spinelli - Director


Varsity Nine Limited (Registered number: 14445034)

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

1. STATUTORY INFORMATION

Varsity Nine 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. 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.

Preparation of consolidated financial statements
The financial statements contain information about Varsity Nine Limited 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.33% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

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 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

Pension costs and other post-retirement benefits
The pension costs charged in the financial statements represent contributions payable by the company for the year.


Varsity Nine Limited (Registered number: 14445034)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 7,196
At 31 December 2024 7,196
DEPRECIATION
Charge for year 2,399
At 31 December 2024 2,399
NET BOOK VALUE
At 31 December 2024 4,797

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024 1
Disposals (1 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 156,698 45,306
Other debtors 9,211 2,412
165,909 47,718

Varsity Nine Limited (Registered number: 14445034)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 35,774 80,562
Taxation and social security 43,469 7,682
Other creditors 18,535 13,943
97,778 102,187

8. RELATED PARTY DISCLOSURES

During the year the company sponsored AFC Dunstable Limited, a 100% owned subsidiary until November 2024. The value of the sponsorship was £33,525 (2023: £30,000).

9. INVESTMENT IN SUBSIDIARY

On 15 November 2024 Varsity Nine sold its 100% share in AFC Dunstable Football Limited for £1. The subsidiary was previously being held at cost in the accounts.