4 6 1440 Sports Management Limited 11577907 false 2022-12-31 2023-12-31 2023-12-31 The principal activity of the company is that of facilitating corporate sponsorships. Digita Accounts Production Advanced 6.30.9574.0 true 11577907 2022-12-31 2023-12-31 11577907 2023-12-31 11577907 bus:OrdinaryShareClass1 2023-12-31 11577907 core:CurrentFinancialInstruments 2023-12-31 11577907 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11577907 core:FurnitureFittingsToolsEquipment 2023-12-31 11577907 bus:SmallEntities 2022-12-31 2023-12-31 11577907 bus:AuditExemptWithAccountantsReport 2022-12-31 2023-12-31 11577907 bus:FilletedAccounts 2022-12-31 2023-12-31 11577907 bus:SmallCompaniesRegimeForAccounts 2022-12-31 2023-12-31 11577907 bus:RegisteredOffice 2022-12-31 2023-12-31 11577907 bus:Director1 2022-12-31 2023-12-31 11577907 bus:OrdinaryShareClass1 2022-12-31 2023-12-31 11577907 bus:PrivateLimitedCompanyLtd 2022-12-31 2023-12-31 11577907 core:ComputerEquipment 2022-12-31 2023-12-31 11577907 core:FurnitureFittingsToolsEquipment 2022-12-31 2023-12-31 11577907 countries:EnglandWales 2022-12-31 2023-12-31 11577907 2022-12-30 11577907 core:FurnitureFittingsToolsEquipment 2022-12-30 11577907 2021-10-01 2022-12-30 11577907 2022-12-30 11577907 bus:OrdinaryShareClass1 2022-12-30 11577907 core:CurrentFinancialInstruments 2022-12-30 11577907 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-30 11577907 core:FurnitureFittingsToolsEquipment 2022-12-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 11577907

1440 Sports Management Limited

Unaudited Filleted Financial Statements

for the Period from 31 December 2022 to 31 December 2023

 

1440 Sports Management Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

1440 Sports Management Limited

(Registration number: 11577907)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

149

2,030

Current assets

 

Debtors

5

772,031

8,741

Cash at bank and in hand

 

2,010,121

733,515

 

2,782,152

742,256

Creditors: Amounts falling due within one year

6

(897,789)

(483,057)

Net current assets

 

1,884,363

259,199

Net assets

 

1,884,512

261,229

Capital and reserves

 

Called up share capital

7

100

100

Profit and loss account

1,884,412

261,129

Shareholders' funds

 

1,884,512

261,229

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 June 2025
 

.........................................
J J Paugh
Director

 

1440 Sports Management Limited

Notes to the Unaudited Financial Statements for the Period from 31 December 2022 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fulham Park House
1A Chesilton Road
London
SW6 5AA

These financial statements were authorised for issue by the director on 27 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£) which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

1440 Sports Management Limited

Notes to the Unaudited Financial Statements for the Period from 31 December 2022 to 31 December 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

3 year reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

1440 Sports Management Limited

Notes to the Unaudited Financial Statements for the Period from 31 December 2022 to 31 December 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 4 (2022 - 6).

4

Tangible assets

Computer equipment
£

Total
£

Cost or valuation

At 31 December 2022

6,058

6,058

At 31 December 2023

6,058

6,058

Depreciation

At 31 December 2022

4,028

4,028

Charge for the period

1,881

1,881

At 31 December 2023

5,909

5,909

Carrying amount

At 31 December 2023

149

149

At 30 December 2022

2,030

2,030

 

1440 Sports Management Limited

Notes to the Unaudited Financial Statements for the Period from 31 December 2022 to 31 December 2023

5

Debtors

Current

2023
£

2022
£

Trade debtors

763,356

-

Other debtors

8,675

8,741

 

772,031

8,741

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

-

38,267

Taxation and social security

765,819

279,790

Accruals and deferred income

12,500

165,000

Other creditors

119,470

-

897,789

483,057

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Related party transactions

Included in other creditors is an amount of £74,469 (2022: £nil) owed to the director. There are no formal terms and conditions regarding this balance, which is interest-free and repayable on demand.