Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22truetruefalse 03817856 2024-01-01 2024-12-31 03817856 2023-01-01 2023-12-31 03817856 2024-12-31 03817856 2023-12-31 03817856 c:Director1 2024-01-01 2024-12-31 03817856 c:Director2 2024-01-01 2024-12-31 03817856 d:FurnitureFittings 2024-01-01 2024-12-31 03817856 d:FurnitureFittings 2024-12-31 03817856 d:FurnitureFittings 2023-12-31 03817856 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03817856 d:OfficeEquipment 2024-01-01 2024-12-31 03817856 d:OfficeEquipment 2024-12-31 03817856 d:OfficeEquipment 2023-12-31 03817856 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03817856 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03817856 d:CurrentFinancialInstruments 2024-12-31 03817856 d:CurrentFinancialInstruments 2023-12-31 03817856 d:Non-currentFinancialInstruments 2024-12-31 03817856 d:Non-currentFinancialInstruments 2023-12-31 03817856 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03817856 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03817856 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 03817856 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03817856 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 03817856 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 03817856 d:ShareCapital 2024-12-31 03817856 d:ShareCapital 2023-12-31 03817856 d:RetainedEarningsAccumulatedLosses 2024-12-31 03817856 d:RetainedEarningsAccumulatedLosses 2023-12-31 03817856 c:OrdinaryShareClass1 2024-01-01 2024-12-31 03817856 c:OrdinaryShareClass1 2024-12-31 03817856 c:OrdinaryShareClass1 2023-12-31 03817856 c:FRS102 2024-01-01 2024-12-31 03817856 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03817856 c:FullAccounts 2024-01-01 2024-12-31 03817856 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03817856 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03817856









SPORT & ARTIST MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
SPORT & ARTIST MANAGEMENT LIMITED
REGISTERED NUMBER: 03817856

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
2,068
3,903

  
2,068
3,903

Current assets
  

Debtors: amounts falling due within one year
 5 
2,518
4,243

Cash at bank and in hand
  
5,242
6,403

  
7,760
10,646

Creditors: amounts falling due within one year
 6 
(142,864)
(150,557)

Net current liabilities
  
 
 
(135,104)
 
 
(139,911)

Total assets less current liabilities
  
(133,036)
(136,008)

Creditors: amounts falling due after more than one year
 7 
(2,415)
(8,451)

  

Net liabilities
  
(135,451)
(144,459)


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
(135,453)
(144,461)

  
(135,451)
(144,459)


Page 1

 
SPORT & ARTIST MANAGEMENT LIMITED
REGISTERED NUMBER: 03817856
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 August 2025.




J G Harris
The Hon R W Hanson
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SPORT & ARTIST MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Sport & Artist Management Limited is a private company limited by shares and is incorporated and domiciled in England and Wales.  The address of the company’s registered office is 101 New Cavendish Street, London W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis. 
As at 31 December 2024, the company had net liabilities. The directors and shareholders have indicated their present intention to provide adequate finance to enable the company to continue in operational existence and on this basis the director considers it appropriate to prepare the financial statements on the going concern basis.
The financial statements do not reflect any adjustments that would result from a withdrawal of financial support by the directors and shareholders.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
SPORT & ARTIST MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% on cost
Office equipment
-
25% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
SPORT & ARTIST MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
29,260
7,872
37,132



At 31 December 2024

29,260
7,872
37,132



Depreciation


At 1 January 2024
27,100
6,130
33,230


Charge for the year on owned assets
540
1,294
1,834



At 31 December 2024

27,640
7,424
35,064



Net book value



At 31 December 2024
1,620
448
2,068



At 31 December 2023
2,160
1,743
3,903

Page 5

 
SPORT & ARTIST MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Other debtors
397
2,273

Prepayments and accrued income
2,121
1,970

2,518
4,243



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,085
6,049

Trade creditors
2,341
3,674

Other creditors
133,988
140,384

Accruals and deferred income
450
450

142,864
150,557



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,415
8,451

2,415
8,451


Page 6

 
SPORT & ARTIST MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
6,085
6,049


6,085
6,049


Amounts falling due 2-5 years

Bank loans
2,415
8,451


2,415
8,451


8,500
14,500



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares shares of £1.00 each
2
2



10.


Related party transactions

Included in creditors is £94,996 (2023: £103,738) is owed to Harris Hanson & Partners Ltd, a company with the same directors and under common control.
Amounts owed to the directors at the balance sheet date were:
J G Harris £0 (£61)
The Hon R W Hanson £4 (£4)

 
Page 7