ACCOUNTS - Final Accounts preparation

Creditors: amounts falling due within one year

Registered number: 12323593

FLIGHT CLUB DARTS (IRELAND) LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 29 DECEMBER 2024

FLIGHT CLUB DARTS (IRELAND) LIMITED

REGISTERED NUMBER: 12323593

STATEMENT OF FINANCIAL POSITION

AS AT 29 DECEMBER 2024

	29 December	31 December
	2024	2023
Note	£	£


Current assets
Debtors: amounts falling due within one year	4	269,553		9,001
Cash at bank and in hand		1		-
		269,554		9,001
Creditors: amounts falling due within one year	5	(269,553)		(9,000)
Net current assets			1		1
Total assets less current liabilities			1		1

Net assets			1		1

Capital and reserves
Called up share capital	1	1
	1	1

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 September 2025.

................................................

R Shepley-Smith

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

FLIGHT CLUB DARTS (IRELAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 DECEMBER 2024

1.	General information

Flight Club Darts (Ireland) Limited is a private company, limited by shares, and incorporated in England and Wales. The Company's registered number is 12323593 and registered office address is 56 Upper Street, London, England, N1 0NY.
The principal activity of the Company is the development and monitoring of franchise operations of the Group within Ireland.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The Company recorded a profit after tax for the financial period of £nil and had net assets of £1 at the Statement of Financial Position date.

The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least the next twelve months following approval of these financial statements.
100% of the Company's creditors relate to intercompany amounts owed. In making this assessment they have considered the support available from the ultimate parent company, Flight Club Darts Limited. The directors have confirmed that the intercompany debt will not be demanded until the trade debtors balance has been received.

Based on the above indications the directors believe that it remains appropriate to prepare the Company's financial statements on a going concern basis.

Page 2

FLIGHT CLUB DARTS (IRELAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 DECEMBER 2024

2.Accounting policies (continued)

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.4

Revenue

Turnover represents the value of royalties earned and development agreement fees received.
The royalty fees are earned for the use of the Company’s intellectual property under licence. They are recognised net of VAT and to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. The fees are recognised in the period in which the royalties are earned under the licence.
Development fees are earned through the Company sourcing technology and providing design and creative services to franchise partners. They are recognised net of VAT and to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. The fees are recognised in the period in which the service was provided.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.6

Creditors

Short-term creditors are measured at the transaction price.

Employees

The average monthly number of employees, including directors, during the period was 2 (2023: 2).

Page 3

FLIGHT CLUB DARTS (IRELAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 DECEMBER 2024

Debtors

					29 December	31 December
					2024	2023
					£	£

Trade debtors	269,553	-
Other debtors	-	1
Prepayments	-	9,000
	269,553	9,001

Amounts owed to group undertakings	121,275	9,000
Deferred income	148,278	-
	269,553	9,000

Amounts owed to group undertakings are interest free and repayable on demand.

6.	Controlling party

The Company's immediate parent undertaking is Flight Club Darts Interim Limited.
The smallest and largest group of which the Company is a member and for which consolidated accounts are prepared is Flight Club Darts Limited. Copies of these accounts are available from Companies House.
It is the opinion of the directors that there is no single ultimate controlling party.

7.	Auditors' information

The auditors' report on the financial statements for the period ended 29 December 2024 was unqualified.

The audit report was signed on 26 September 2025 by Isabelle Shepherd (Senior Statutory Auditor) on behalf of HaysMac LLP.

Page 4