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Company Registration No. 09164699 (England and Wales)
Middlesex Sports Limited Unaudited accounts for the year ended 31 August 2024
Middlesex Sports Limited Unaudited accounts Contents
Page
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Middlesex Sports Limited Company Information for the year ended 31 August 2024
Director
Mr Jeremy Frank Harding
Company Number
09164699 (England and Wales)
Registered Office
Southgate Office Village, Block E 286a Chase Road London N14 6HF England
Accountants
Stoke Newington Accountants & Tax Consultants Ltd Southgate Office Village, Block E 286-A Chase Road Southgate London N14 6HF
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Middlesex Sports Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
18,997 
- 
Cash at bank and in hand
92,100 
82,197 
111,097 
82,197 
Creditors: amounts falling due within one year
(1,680)
(480)
Net current assets
109,417 
81,717 
Total assets less current liabilities
109,417 
81,717 
Creditors: amounts falling due after more than one year
(118,908)
(86,908)
Net liabilities
(9,491)
(5,191)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(9,591)
(5,291)
Shareholders' funds
(9,491)
(5,191)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2025 and were signed on its behalf by
Mr Jeremy Frank Harding Director Company Registration No. 09164699
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Middlesex Sports Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Middlesex Sports Limited is a private company, limited by shares, registered in England and Wales, registration number 09164699. The registered office is Southgate Office Village, Block E, 286a Chase Road, London, N14 6HF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Middlesex Sports Limited Notes to the Accounts for the year ended 31 August 2024
Going concern
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
18,997 
- 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
1,680 
480 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
118,908 
86,908 
7
Transactions with related parties
Included in other creditors more than one year, is an amount of £118,908, due to a connected company under common directorship. The loan is interest free and repayable on demand. At the balance sheet date, where the director held controlling interest, the director owed the Company £17,000.
8
Controlling party
The company's ultimate controlling party is the director by virtue of his ownership of 100% of the issued share capital in the company.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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