Sporting Assets Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09038426

Sporting Assets Ltd

Filleted Unaudited Financial Statements

31 December 2024

Sporting Assets Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Investments	5	1	1

Current assets

Debtors	6	144,693	129,873
Cash at bank and in hand		391,706	499,660
		---------	---------
		536,399	629,533

Creditors: amounts falling due within one year	7	( 167,910)	( 293,235)
		---------	---------
Net current assets		368,489	336,298
		---------	---------
Total assets less current liabilities		368,490	336,299
		---------	---------
Net assets		368,490	336,299
		---------	---------

Capital and reserves

Called up share capital	105	105
Share premium account	7,486	7,486
Capital redemption reserve	67	67
Profit and loss account	360,832	328,641
	---------	---------
Shareholders funds	368,490	336,299
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 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 financial statements for the year in question in accordance with section 476 ;

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

Sporting Assets Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 19 August 2025 , and are signed on behalf of the board by:

Mr. P.Z. Ebied

Director

Company registration number: 09038426

Sporting Assets Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

SPORTING ASSETS LTD is a private company limited by shares, that is incorporated in England and Wales with registration number 09038426 . The company was incorporated on 13 May 2014. The registered office address is: W106 Vox Studios, 1-45 Durham Street, Greater London, United Kingdom, SE11 5JH. The principal activity of the company is management consultancy activities other than financial management. The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Income tax

Income tax expense represents the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expenses that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Investments

Unlisted investments are recognised at the nominal value of the shares.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2023: 9 ).

5. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	1
	----
Impairment
At 1 January 2024 and 31 December 2024	–
	----

Carrying amount
At 31 December 2024	1
	----
At 31 December 2023	1
	----

6. Debtors

	2024	2023
	£	£
Trade debtors	88,790	102,827
Other debtors	55,903	27,046
	---------	---------
	144,693	129,873
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	1,754	8,474
Corporation tax	9,055	–
Social security and other taxes	23,733	30,633
Other creditors	133,368	254,128
	---------	---------
	167,910	293,235
	---------	---------

8. Related party transactions

During the year management fees and recharges of £248,600 (2023: £233,827) were received from Amateur British Gymnastics Investments Limited, under a service level agreement dated 23rd December 2019; both companies have a common Director. During the year recharges of £32,738 (2023: £23,405) were charged to Sporting Assets Ltd by Environmental Finance Limited; both companies have a common Director. During the year management fees and recharges of £10,224 (2023: £27,614) were charged to Sporting Assets Ltd by Finance for Sustainability Limited; both companies have a common Director. During the year the company received management charges for operating costs from its subsidiary company, Sporting Capital Ltd, in the amount of £36,176 (2023: £36,176). Mr R Speak is a director both of this company and its subsidiary.