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REGISTERED NUMBER: 00216719 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

The Federation of Sports and Play
Associations Ltd

The Federation of Sports and Play
Associations Ltd (Registered number: 00216719)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Federation of Sports and Play
Associations Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R A Baker
J A Bowers
Ms K E R Costin
N I Palmer
Ms H Willsmer
P Hitchenor
M A Hammersley





REGISTERED OFFICE: Network House
Stubs Beck Lane
West 26 Industrial Estate
Cleckheaton
BD19 4TT





REGISTERED NUMBER: 00216719 (England and Wales)





AUDITORS: KJA Kilner Johnson Ltd (Statutory Auditors)
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

The Federation of Sports and Play
Associations Ltd (Registered number: 00216719)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 49,438 -
Tangible assets 6 1,304 3,124
Investments 7 3,085,268 3,129,128
3,136,010 3,132,252

CURRENT ASSETS
Debtors 8 129,674 17,323
Cash at bank and in hand 113,813 224,037
243,487 241,360
CREDITORS
Amounts falling due within one year 9 55,724 321,548
NET CURRENT ASSETS/(LIABILITIES) 187,763 (80,188 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,323,773

3,052,064

PROVISIONS FOR LIABILITIES 65,184 -
NET ASSETS 3,258,589 3,052,064

RESERVES
Fair value reserve 10 1,265,081 -
Retained earnings 10 1,993,508 3,052,064
3,258,589 3,052,064

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 4 June 2025 and were signed on its behalf by:





N I Palmer - Director


The Federation of Sports and Play
Associations Ltd (Registered number: 00216719)

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

1. STATUTORY INFORMATION

The Federation of Sports and Play Associations Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 modified by the revaluation of certain assets.

Going Concern

At the time of approving the financial statements, the directors have a reasonable explanation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover mainly represents subscriptions charged to its members which is recognised on an accruals basis. In addition, revenue is recognies from the rendering of services as and when the work is completed.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 30% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The Federation of Sports and Play
Associations Ltd (Registered number: 00216719)

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

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Listed investments are recognised initially on acquisition at cost and remeasured at fair value using the bid price as at the close of business at the year end.

Historical fair value movements are now recognised in the fair value reserve.

Non-listed investments are recognised initially on acquisition at cost and remeasured at fair value using the transfer value as set out in the Articles of Association of the company which the investment is held with.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. AUDITORS' REMUNERATION
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the company's financial
statements

9,440

8,000

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 53,098
At 31 December 2024 53,098
AMORTISATION
Charge for year 3,660
At 31 December 2024 3,660
NET BOOK VALUE
At 31 December 2024 49,438

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 14,767
Disposals (9,536 )
At 31 December 2024 5,231
DEPRECIATION
At 1 January 2024 11,643
Charge for year 1,252
Eliminated on disposal (8,968 )
At 31 December 2024 3,927
NET BOOK VALUE
At 31 December 2024 1,304
At 31 December 2023 3,124

The Federation of Sports and Play
Associations Ltd (Registered number: 00216719)

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

7. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 January 2024 3,129,128
Additions 2,296,059
Disposals (2,550,607 )
Revaluations 210,688
At 31 December 2024 3,085,268
NET BOOK VALUE
At 31 December 2024 3,085,268
At 31 December 2023 3,129,128

If fixed asset investments had not been revalued they would be included at historical cost of £1,755,002.

Fixed asset investments were revalued on an open market basis by the fund managers as at the year end.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,336 4,586
Other debtors 128,338 12,737
129,674 17,323

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 29,133 21,168
Taxation and social security 3,611 264,748
Other creditors 22,980 35,632
55,724 321,548

10. RESERVES

Included in retained earnings are ring fenced funds totalling £254,560 (2023: £223,141).

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Samantha Hutton FCCA (Senior Statutory Auditor)
KJA Kilner Johnson Limited KJA Kilner Johnson Ltd (Statutory Auditors)