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Registration number: 10029278

Greenlight Sports Management Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Greenlight Sports Management Limited

(Registration number: 10029278)

Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

3

1,382

2,614

Current assets

 

Debtors

4

46,268

44,304

Cash at bank and in hand

 

37,566

70,022

 

83,834

114,326

Creditors: Amounts falling due within one year

5

(21,795)

(74,150)

Net current assets

 

62,039

40,176

Net assets

 

63,421

42,790

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

62,421

41,790

Shareholders' funds

 

63,421

42,790

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 24 July 2025 and signed on its behalf by:
 

.........................................

G J M Smith

Director

 

Greenlight Sports Management Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1

Accounting policies

Statutory information

Greenlight Sports Management Limited is a private company, limited by shares, domiciled in England and Wales, company number 10029278. The registered office is at 14 Innovation Drive, Newport, Brough, HU15 2FW.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

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.

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 income 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

Office equipment

33.33% straight line

 

Greenlight Sports Management Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

1

Accounting policies (continued)

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

3

Tangible assets

Office equipment
£

Cost

At 1 April 2024

3,696

At 31 March 2025

3,696

Depreciation

At 1 April 2024

1,082

Charge for the year

1,232

At 31 March 2025

2,314

Carrying amount

At 31 March 2025

1,382

At 31 March 2024

2,614

 

Greenlight Sports Management Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

4

Debtors

2025
£

2024
£

Trade debtors

22,694

42,000

Prepayments

9,695

2,304

Other debtors

13,879

-

46,268

44,304

5

Creditors

2025
£

2024
£

Due within one year

Taxation and social security

18,262

46,509

Accruals and deferred income

3,533

3,585

Other creditors

-

24,056

21,795

74,150