REGISTERED NUMBER: 11251755 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EMINENT SPORTS GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Wordsworth

P L George

D I Akin

SECRETARY:

L Mainwaring

REGISTERED OFFICE:

Suite B

The White House

93 Lichfield Street

Tamworth

Staffordshire

B79 9QF

REGISTERED NUMBER:

11251755 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Intangible assets

4

42,987

59,107

Investments

5

501,578

498,866

544,565

557,973

CURRENT ASSETS

Debtors

6

277,073

224,375

Cash at bank

40,625

118,689

317,698

343,064

CREDITORS

Amounts falling due within one year

7

54,412

81,301

NET CURRENT ASSETS

263,286

261,763

TOTAL ASSETS LESS CURRENT LIABILITIES

807,851

819,736

CREDITORS

Amounts falling due after more than one year

8

487,828

568,634

NET ASSETS

320,023

251,102

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

319,923

251,002

SHAREHOLDERS' FUNDS

320,023

251,102

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

S Wordsworth - Director

1.	STATUTORY INFORMATION

Eminent Sports Group 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 as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property are being amortised evenly over their estimated useful life of five years.

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

80,600

AMORTISATION

At 1 January 2024

21,493

Charge for year

16,120

At 31 December 2024

37,613

NET BOOK VALUE

At 31 December 2024

42,987

At 31 December 2023

59,107

5.	FIXED ASSET INVESTMENTS

2024

2023

£

£

Participating interests

311,578

308,866

Debenture

190,000

190,000

501,578

498,866

Additional information is as follows:

Interest

in

associate

£

COST OR VALUATION

At 1 January 2024

308,866

Additions

32

Revaluations

2,680

At 31 December 2024

311,578

NET BOOK VALUE

At 31 December 2024

311,578

At 31 December 2023

308,866

Cost or valuation at 31 December 2024 is represented by:

Interest

in

associate

£

Valuation in 2023

3,290

Valuation in 2024

2,680

Cost

305,608

311,578

Debenture

£

At 1 January 2024

and 31 December 2024

190,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

17,400

27,897

Amounts owed by participating interests

233,931

195,884

Other debtors

25,742

594

277,073

224,375

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

10,140

Trade creditors

2,270

9,763

Amounts owed to group undertakings

36,000

45,000

Taxation and social security

312

472

Other creditors

15,830

15,926

54,412

81,301

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

14,806

Amounts owed to group undertakings

381,329

408,329

Other creditors

106,499

145,499

487,828

568,634

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary A

£1

100

100

10.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Enigma Holdings Group Ltd.

The ultimate parent company is XPG Holdings Ltd.

P L George is the ultimate controlling party by virtue of his shareholding in XPG Holdings Ltd.