REGISTERED NUMBER: 11916666 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2024

for

ProSport Holdings Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr D O'Sullivan

Mrs G M O'Sullivan

REGISTERED OFFICE:

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

REGISTERED NUMBER:

11916666 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ProSport Holdings Limited for the year ended 31st December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of ProSport Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ProSport Holdings Limited and state those matters that we have agreed to state to the Board of Directors of ProSport Holdings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ProSport Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ProSport Holdings Limited. You consider that ProSport Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ProSport Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

Date: .............................................

FIXED ASSETS

Tangible assets

4

535,198

546,158

Investments

5

206,634

211,644

741,832

757,802

CURRENT ASSETS

Cash at bank and in hand

34,137

18,358

CREDITORS

Amounts falling due within one year

6

102,986

99,632

NET CURRENT LIABILITIES

(68,849

)

(81,274

)

TOTAL ASSETS LESS CURRENT LIABILITIES

672,983

676,528

CREDITORS

Amounts falling due after more than one year

7

307,703

315,244

NET ASSETS

365,280

361,284

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

365,080

361,084

365,280

361,284

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 23rd September 2025 and were signed on its behalf by:

Mr D O'Sullivan - Director

1.	STATUTORY INFORMATION

ProSport Holdings 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Freehold property

-

2% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1st January 2024

and 31st December 2024

547,985

DEPRECIATION

At 1st January 2024

1,827

Charge for year

10,960

At 31st December 2024

12,787

NET BOOK VALUE

At 31st December 2024

535,198

At 31st December 2023

546,158

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1st January 2024

400

211,244

211,644

Additions

-

11,535

11,535

Disposals

-

(21,928

)

(21,928

)

Revaluations

-

5,383

5,383

At 31st December 2024

400

206,234

206,634

NET BOOK VALUE

At 31st December 2024

400

206,234

206,634

At 31st December 2023

400

211,244

211,644

Cost or valuation at 31st December 2024 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2024

-

18,094

18,094

Cost

400

188,140

188,540

400

206,234

206,634

The shares in group undertakings relate to 100 shares each in ProSport Academy Limited, ProSport Physiotherapy Limited, ProSport Wellness Limited and ProSport Yoga Limited. They are all 100% owned subsidiaries of the company.

At the end of their latest financial years (31st December 2024), the companies had aggregate capital and reserves as follows:

ProSport Academy Limited - £164,643 (2023 - £234,147)

ProSport Physiotherapy Limited - £52,231 (2023 - £68,643)

ProSport Wellness Limited - £(20,770) (2023 - £(20,394))

ProSport Yoga Limited - £(5,146) (2024 was the first set of accounts)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

42,951

42,951

Other creditors

60,035

56,681

102,986

99,632

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

307,703

315,244

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

135,899

143,440

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

350,654

358,195

The company has provided a charge over its freehold property owned and a fixed and floating charge against the bank loan.

9.	RELATED PARTY DISCLOSURES

The company owns 100% of ProSport Physiotherapy Limited and ProSport Academy Limited.

As at 31 December 2024, the company owed £3,271 to ProSport Physiotherapy Limited in the form of a loan, no interest was charged on this loan (2023 - £738 and nil).

As at 31 December 2024 the company owed £21,223 to ProSport Academy Limited in the form of a loan, no interest was charged on this loan (2023 - £20,353 and nil).

ProSport Physiotherapy Limited and ProSport Academy Limited. have both provided a fixed and floating charge as partial security for a bank loan held by ProSport Holdings Limited.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.