Company No: 10027609 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	7,923		13,878
Tangible assets	4	22,598		31,945
		30,521		45,823
Current assets
Stocks	5	548,213		812,496
Debtors	6	189,829		191,466
Cash at bank and in hand		154,182		51,780
		892,224		1,055,742
Creditors: amounts falling due within one year	7	( 267,850)		( 274,709)
Net current assets		624,374		781,033
Total assets less current liabilities		654,895		826,856
Creditors: amounts falling due after more than one year	8	( 3,334)		( 13,334)
Net assets		651,561		813,522
Capital and reserves
Called-up share capital		100		100
Profit and loss account		651,461		813,422
Total shareholder's funds		651,561		813,522

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of FC UP Sports Limited (registered number: 10027609) were approved and authorised for issue by the Board of Directors on 26 September 2025. They were signed on its behalf by:

G L Willingham Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

FC UP Sports Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Unit 7 Pottery Business Park 65-67 Ringwood Road Poole BH14 0RG.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	10 years straight line
Website costs	5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, reducing balance basis over its expected useful life, as follows:

Leasehold improvements	5 years straight line
Vehicles	25 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Intangible assets

	Goodwill		Website costs		Total
	£		£		£
Cost
At 01 April 2024	52,800		20,951		73,751
At 31 March 2025	52,800		20,951		73,751
Accumulated amortisation
At 01 April 2024	42,240		17,633		59,873
Charge for the financial year	5,280		675		5,955
At 31 March 2025	47,520		18,308		65,828
Net book value
At 31 March 2025	5,280		2,643		7,923
At 31 March 2024	10,560		3,318		13,878

4. Tangible assets

	Leasehold improve- ments		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2024	29,734		39,950		9,213		78,897
Additions	1,417		0		191		1,608
At 31 March 2025	31,151		39,950		9,404		80,505
Accumulated depreciation
At 01 April 2024	14,331		24,852		7,769		46,952
Charge for the financial year	6,041		3,774		1,140		10,955
At 31 March 2025	20,372		28,626		8,909		57,907
Net book value
At 31 March 2025	10,779		11,324		495		22,598
At 31 March 2024	15,403		15,098		1,444		31,945

5. Stocks

	2025		2024
	£		£
Stocks	548,213		812,496

6. Debtors

	2025		2024
	£		£
Trade debtors	8,607		5,624
Amounts owed by Group undertakings	180,829		179,830
Prepayments	393		411
Corporation tax	0		5,601
	189,829		191,466

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	10,000		11,416
Trade creditors	22,386		18,585
Amounts owed to Group undertakings	196,000		196,000
Amounts owed to directors	7,037		8,824
Accruals	2,240		3,611
Taxation and social security	5,864		12,542
Other creditors	24,323		23,731
	267,850		274,709

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	3,334		13,334

There are no amounts included above in respect of which any security has been given by the small entity.

9. Ultimate controlling party

Parent Company:

FCUP Holdings Ltd

Towngate House, 2-8 Parkstone road, Poole, Dorset, BH15 2PW