REGISTERED NUMBER: 09922612 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Origin Sports Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Hosford

Sir K E Mills

SECRETARY:

D A Paget

REGISTERED OFFICE:

The Grange

Franks Hollow Road

Bidborough

Tunbridge Wells

Kent

TN3 0UD

REGISTERED NUMBER:

09922612 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie Ltd

Chartered Accountants

Thatcher House

12 Mount Ephraim

Tunbridge Wells

Kent

TN4 8AS

Fixed assets

Tangible assets

4

8,318

4,489

Investments

5

68,632

68,632

76,950

73,121

Current assets

Debtors

6

490,712

268,783

Cash at bank

609,469

260,828

1,100,181

529,611

Creditors

Amounts falling due within one year

7

(109,707

)

(423,056

)

Net current assets

990,474

106,555

Total assets less current liabilities

1,067,424

179,676

Capital and reserves

Called up share capital

20

20

Share premium

8

49,995

49,995

Retained earnings

8

1,017,409

129,661

Shareholders' funds

1,067,424

179,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:

Sir K E Mills - Director

S Hosford - Director

1.	STATUTORY INFORMATION

Origin Sports Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

HIRE PURCHASE AND LEASING COMMITMENTS

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

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DEFERRED TAX

Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

13,726

Additions

6,738

At 31 December 2024

20,464

DEPRECIATION

At 1 January 2024

9,237

Charge for year

2,909

At 31 December 2024

12,146

NET BOOK VALUE

At 31 December 2024

8,318

At 31 December 2023

4,489

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 January 2024

and 31 December 2024

68,632

NET BOOK VALUE

At 31 December 2024

68,632

At 31 December 2023

68,632

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

447,926

248,601

Other debtors

42,786

20,182

490,712

268,783

The directors consider the carrying value of trade and other receivables approximate to their fair values.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

8,275

27,342

Amounts owed to group undertakings

-

247,177

Taxation and social security

300

300

Other creditors

101,132

148,237

109,707

423,056

The directors consider the carrying amounts of current liabilities approximate to their fair values.

8.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

129,661

49,995

179,656

Profit for the year

887,748

887,748

At 31 December 2024

1,017,409

49,995

1,067,404

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Sir K E Mills

Balance outstanding at start of year

15

15

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15

15

10.	RELATED PARTY DISCLOSURES

At 31st December 2024, the company owed Nil (2023 : £247,177) to KEM Investments Ltd, a company under common control.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is KEM Investments Ltd.

The ultimate controlling party is Sir K E Mills.