Professional Squash Association

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—5

Registered number: 02748136

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		60,052		35,820
Tangible Assets	5		68,583		82,648
Investments	6		229,898		204,898

			358,533		323,366
CURRENT ASSETS
Debtors	7	1,822,557		517,513
Cash at bank and in hand		407,453		1,754,914

		2,230,010		2,272,427
Creditors: Amounts Falling Due Within One Year	8	(1,760,698 )		(1,776,061 )

NET CURRENT ASSETS (LIABILITIES)			469,312		496,366

TOTAL ASSETS LESS CURRENT LIABILITIES			827,845		819,732

NET ASSETS			827,845		819,732

Income Statement			827,845		819,732

MEMBERS' FUNDS			827,845		819,732

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Ziad Al Turki

Director

25/09/2025

The notes on pages 2 to 5 form part of these financial statements.

1. General Information

Professional Squash Association is a private company, limited by guarantee, incorporated in England & Wales, registered number 02748136 . The registered office is Top Floor West, 46 The Calls, Leeds, LS2 7EY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets represents website development expenditure which is capitalised as it will generate income for the business in future periods.

The capitalised expenditure is amortised to the Income Statement over its estimated economic life of ten years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

20% on a reducing balance basis

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.

2.6. Taxation

Income tax expense represents tax currently payable.

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

2.7. Investments in subsidiaries and associates

Investments in subsidiaries are stated at cost in the financial statements of the company .

Investments in associates and unlisted companies are stated at fair value in the financial statements of the company .

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2023: 11)

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Professional Squash Association

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	220,559
Additions	37,256

As at 31 December 2024	257,815

Amortisation
As at 1 January 2024	184,739
Provided during the period	13,024

As at 31 December 2024	197,763

Net Book Value
As at 31 December 2024	60,052

As at 1 January 2024	35,820

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 January 2024	180,017
Additions	5,629

As at 31 December 2024	185,646

Depreciation
As at 1 January 2024	97,369
Provided during the period	19,694

As at 31 December 2024	117,063

Net Book Value
As at 31 December 2024	68,583

As at 1 January 2024	82,648

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2024	204,898
Additions	25,000

As at 31 December 2024	229,898

Provision
As at 1 January 2024	-

As at 31 December 2024	-

...CONTINUED

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Professional Squash Association

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	229,898

As at 1 January 2024	204,898

The net book value of unlisted investments as at 31 December 2024 of £229,898 comprises the cost of investments of

£95,914 plus revaluations of £73,408 in 2021 and £61,576 in 2023.

In line with the company’s accounting policies on unlisted investments, the directors believe the current valuation accurately reflects their fair value at 31 December 2024.

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	100,476	159,316
Prepayments and accrued income	61,224	24,497
Other debtors	331,467	273,803
Amounts owed by group undertakings	1,329,390	59,897

	1,822,557	517,513

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	120,918	194,316
Deferred Membership Income	222,581	239,030
Deferred Tournament Income	60,366	304,074
Other creditors due	1,356,833	1,038,641

	1,760,698	1,776,061

9. Related Party Transactions

At the year end, the Professional Squash Association was due £20,000 (2023: £20,000) from Learn from a Legend Limited, a trading subsidiary of Learn from a Legend (2021) Limited, in which it held 10% of the ordinary share capital.

Squash Media & Marketing Limited

At the year end, Squash Media & Marketing Limited owed the Professional Squash Association £1,329,390 (2023: £59,897) and was subject to net recharges of £1,256,708 from the Professional Squash Association during the year (2023: £1,175,388).

The Professional Squash Association is related to Squash Media & Marketing Limited by virtue of its control.

Professional Squash Association Foundation

The Professional Squash Association incurred costs of £150,000 (2023: £150,000) in relation to aligned objectives of the Professional Squash Association Foundation.

At the year end, the company owed the Professional Squash Association Foundation £61,998 (2023: £48,368).

The Professional Squash Association is related to the Professional Squash Association Foundation by virtue of its control.

10. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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Professional Squash Association

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

11. Audit Information

The auditor's report on the accounts of Professional Squash Association for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by Statutory Auditor.

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