| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 October 2024 |
| for |
| Finders-Keepers Sports and Marketing |
| Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 October 2024 |
| for |
| Finders-Keepers Sports and Marketing |
| Limited |
| Finders-Keepers Sports and Marketing |
| Limited (Registered number: 05942053) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Finders-Keepers Sports and Marketing |
| Limited |
| Company Information |
| for the Year Ended 31 October 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Suite 5 Corum 2 |
| Corum Office Park |
| Crown Way |
| Warmley |
| Bristol |
| BS30 8FJ |
| Finders-Keepers Sports and Marketing |
| Limited (Registered number: 05942053) |
| Balance Sheet |
| 31 October 2024 |
| 31.10.24 | 31.10.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| Finders-Keepers Sports and Marketing |
| Limited (Registered number: 05942053) |
| Balance Sheet - continued |
| 31 October 2024 |
| 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 were approved by the Board of Directors and authorised for issue on |
| Finders-Keepers Sports and Marketing |
| Limited (Registered number: 05942053) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2024 |
| 1. | STATUTORY INFORMATION |
| Finders-Keepers Sports and Marketing Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| There have been no material departures from the Financial Reporting Standard 102 1A. |
| Turnover |
| Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised in the profit and loss account only when the company has met its contractual obligations and therefore earned the right to consideration upon the transfer of tickets. |
| Turnover in respect of tickets for sporting events is recognised upon the transfer of the tickets. Turnover in respect of sports dinners hosted by the company is recognised as the service is provided. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2011, has been fully amortised over its estimated useful life of ten years. |
| Tangible fixed assets |
| Tangible fixed 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 is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Plant and machinery | - 20% on reducing balance |
| Furniture, fittings and equipment | - 20% on reducing balance |
| Stocks |
| Stock is valued at the lower of cost and net realisable value. |
| Finders-Keepers Sports and Marketing |
| Limited (Registered number: 05942053) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Borrowings |
| Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. |
| Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. |
| Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Finders-Keepers Sports and Marketing |
| Limited (Registered number: 05942053) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 November 2023 |
| and 31 October 2024 |
| AMORTISATION |
| At 1 November 2023 |
| and 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| 5. | TANGIBLE FIXED ASSETS |
| Furniture, |
| fittings |
| Plant and | and |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 November 2023 |
| and 31 October 2024 |
| DEPRECIATION |
| At 1 November 2023 |
| Charge for year |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| Finders-Keepers Sports and Marketing |
| Limited (Registered number: 05942053) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | OFF BALANCE SHEET COMMITMENTS |
| At the year end the company had future minimum lease payments due under non-cancellable operating leases totalling £1,426 (2023 - £2,139). |
| Finders-Keepers Sports and Marketing |
| Limited (Registered number: 05942053) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 9. | RELATED PARTY DISCLOSURES |
| Loans to related parties |
| Key management |
Other related parties |
Total |
| 2024 | £ | £ | £ |
| At start of period | 9,783 | 31,463 | 41,246 |
| Advanced | 4,132 | - | 4,132 |
| Repaid | (10,545 | ) | (31,463 | ) | (42,008 | ) |
| At end of period | 3,370 | - | 3,370 |
| Key management |
Other related parties |
Total |
| 2023 | £ | £ | £ |
| At start of the period | - | 52,839 | 52,839 |
| Advanced | 10,729 | - | 10,729 |
| Repaid | (946 | ) | (21,376 | ) | (22,322 | ) |
| At end of period | 9,783 | 31,463 | 41,246 |
| Loans to key management are repayable on demand and interest is charged on loan balances owing to the company that exceed £10,000 per director. Interest is charged at the HMRC prevailing rate. |
| Loans to other related parties are interest free and repayable on demand. |
| Finders-Keepers Sports and Marketing |
| Limited (Registered number: 05942053) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 9. | RELATED PARTY DISCLOSURES - continued |
| Loans from related parties |
| Key management |
Total |
| 2024 | £ | £ |
| At start of period | 498 | 498 |
| Advanced | 112,511 | 112,511 |
| Repaid | (104,641 | ) | (104,641 | ) |
| At end of period | 8,368 | 8,368 |
| Key management |
Total |
| 2023 | £ | £ |
| At start of period | 71,124 | 71,124 |
| Advanced | 43,385 | 43,385 |
| Repaid | (114,011 | ) | (114,011 | ) |
| At end of period | 498 | 498 |
| Loans from key management are interest free and repayable on demand. |