Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312Television programming and braodcasting activitiestrue2falsetrue2023-09-01 11125110 2023-09-01 2024-08-31 11125110 2024-08-31 11125110 2022-09-01 2023-08-31 11125110 2023-08-31 11125110 c:Director2 2023-09-01 2024-08-31 11125110 d:ComputerSoftware 2024-08-31 11125110 d:ComputerSoftware 2023-08-31 11125110 d:OtherResidualIntangibleAssets 2023-09-01 2024-08-31 11125110 d:CurrentFinancialInstruments 2024-08-31 11125110 d:CurrentFinancialInstruments 2023-08-31 11125110 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 11125110 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 11125110 d:ShareCapital 2024-08-31 11125110 d:ShareCapital 2023-08-31 11125110 d:RetainedEarningsAccumulatedLosses 2024-08-31 11125110 d:RetainedEarningsAccumulatedLosses 2023-08-31 11125110 c:EntityNoLongerTradingButTradedInPast 2023-09-01 2024-08-31 11125110 c:FRS102 2023-09-01 2024-08-31 11125110 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11125110 c:FullAccounts 2023-09-01 2024-08-31 11125110 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Registered number: 11125110


XO SPORTS AND ENTERTAINMENT LIMITED








UNAUDITED

PAGES FOR FILING WITH REGISTRAR 

FOR THE YEAR ENDED 31 AUGUST 2024

 
XO SPORTS AND ENTERTAINMENT LIMITED
REGISTERED NUMBER: 11125110

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 3 
36,000
36,000

  
36,000
36,000

Current assets
  

Debtors: amounts falling due within one year
 4 
49
49

  
49
49

Creditors: amounts falling due within one year
 5 
(453,333)
(453,333)

Net current liabilities
  
 
 
(453,284)
 
 
(453,284)

Total assets less current liabilities
  
(417,284)
(417,284)

  

Net liabilities
  
(417,284)
(417,284)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(417,384)
(417,384)

  
(417,284)
(417,284)


Page 1

 
XO SPORTS AND ENTERTAINMENT LIMITED
REGISTERED NUMBER: 11125110
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

For the year ended 31 August 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 income and retained earnings 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 by: 


................................................
Mr S C McDonald
Director

Date: 29 August 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
XO SPORTS AND ENTERTAINMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

XO Sports and Entertainment Limited is a private company limited by share capital, incorporated in England and Wales, under registration number 11125110. The address of the registered office is 1 Vincent Square, London.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
XO SPORTS AND ENTERTAINMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Other intangible fixed assets
-
10
years

 
2.6

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.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 
XO SPORTS AND ENTERTAINMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

3.


Intangible assets




Other intangible fixed assets

£



Cost


At 1 September 2023
100,000



At 31 August 2024

100,000



Amortisation


At 1 September 2023
64,000



At 31 August 2024

64,000



Net book value



At 31 August 2024
36,000



At 31 August 2023
36,000




4.


Debtors

2024
2023
£
£


Other debtors
49
49

49
49



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
452,733
452,733

Accruals and deferred income
600
600

453,333
453,333


Page 5

 
XO SPORTS AND ENTERTAINMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Related party transactions

Included within Creditors is an amount of £452,733 (2023: £452,733) owed to Ball Street Limited, a majority shareholder of the company. No interest is accruing on this balance and there are no fixed repayment terms. 

Page 6