REGISTERED NUMBER: 13320123 (England and Wales)

STUDLEY ROYAL SPORTING LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

C J Fenton

Mrs A F P Fenton

SECRETARY:

REGISTERED OFFICE:

Finlayson & Co, Whitby Court

Abbey Road

Huddersfield

United Kingdom

HD8 8EL

REGISTERED NUMBER:

13320123 (England and Wales)

ACCOUNTANTS:

FINLAYSON & CO

Whitby Court

Abbey Road

Shepley

HUDDERSFIELD

West Yorkshire

HD8 8EL

FIXED ASSETS

Property, plant and equipment

4

134,260

93,230

CURRENT ASSETS

Debtors

5

22,263

14,031

Cash at bank

184,997

223,237

207,260

237,268

CREDITORS

Amounts falling due within one year

6

43,020

106,877

NET CURRENT ASSETS

164,240

130,391

TOTAL ASSETS LESS CURRENT LIABILITIES

298,500

223,621

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

298,400

223,521

SHAREHOLDERS' FUNDS

298,500

223,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 18 February 2025 and were signed on its behalf by:

C J Fenton - Director

1.	STATUTORY INFORMATION

Studley Royal Sporting Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Revenue 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.

Plant and Machinery

-

15% on reducing balance

Fixtures and Fittings

-

20% on cost

Motor Vehicles

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 44 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

Plant and

and

property

Machinery

Fittings

£

£

£

COST

At 1 February 2024

21,831

65,957

2,143

Additions

-

32,292

-

Disposals

-

(19,816

)

-

At 31 January 2025

21,831

78,433

2,143

DEPRECIATION

At 1 February 2024

-

15,465

524

Charge for year

-

7,885

429

Eliminated on disposal

-

(5,499

)

-

At 31 January 2025

-

17,851

953

NET BOOK VALUE

At 31 January 2025

21,831

60,582

1,190

At 31 January 2024

21,831

50,492

1,619

Motor

Computer

Vehicles

Equipment

Totals

£

£

£

COST

At 1 February 2024

30,016

-

119,947

Additions

43,685

791

76,768

Disposals

(2,245

)

-

(22,061

)

At 31 January 2025

71,456

791

174,654

DEPRECIATION

At 1 February 2024

10,728

-

26,717

Charge for year

10,809

53

19,176

Eliminated on disposal

-

-

(5,499

)

At 31 January 2025

21,537

53

40,394

NET BOOK VALUE

At 31 January 2025

49,919

738

134,260

At 31 January 2024

19,288

-

93,230

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,690

10,270

Other debtors

8,573

3,761

22,263

14,031

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,237

4,480

Taxation and social security

21,988

38,901

Other creditors

15,795

63,496

43,020

106,877

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

ordinary

£1.00

100

100

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 Statement of Financial Position. 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.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 January 2025 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

FINLAYSON & CO

Whitby Court

Abbey Road

Shepley

HUDDERSFIELD

West Yorkshire

HD8 8EL

18 February 2025