ACCOUNTS - Final Accounts preparation

Company registration number: 12851471

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 SEPTEMBER 2024

	SPORT SOCIAL MARKETPLACES HOLDING LIMITED


SPORT SOCIAL MARKETPLACES HOLDING LIMITED

COMPANY INFORMATION

Director	Marius-Jan Tudor


Registered number	12851471


Registered office	78 Cannon Street
	London
	United Kingdom
	EC4N 6AF


Accountants	Menzies LLP
	Chartered Accountants
	Victoria House
	50-58 Victoria Road
	Farnborough
	Hampshire
	GU14 7PG


SPORT SOCIAL MARKETPLACES HOLDING LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


SPORT SOCIAL MARKETPLACES HOLDING LIMITED REGISTERED NUMBER:12851471

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Intangible assets	4		1,308,058		1,225,222
Tangible assets	5		4,251		8,892
Investments	6		200		200
			1,312,509		1,234,314
Current assets
Debtors: amounts falling due after more than one year	7	340,276		249,789
Debtors: amounts falling due within one year	7	157,116		46,610
Cash at bank and in hand		14,937		20,543
		512,329		316,942
Creditors: amounts falling due within one year	8	(184,090)		(268,845)
Net current assets			328,239		48,097
Total assets less current liabilities			1,640,748		1,282,411
Creditors: amounts falling due after more than one year	9		(2,407,542)		(2,022,686)

Net liabilities			(766,794)		(740,275)

Capital and reserves
Called up share capital	100,000	100
Profit and loss account	(866,794)	(740,375)
	(766,794)	(740,275)

Page 1


SPORT SOCIAL MARKETPLACES HOLDING LIMITED REGISTERED NUMBER:12851471

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 SEPTEMBER 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 income and retained earnings 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 by:

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

Marius-Jan Tudor

Director

Date: 15 October 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


SPORT SOCIAL MARKETPLACES HOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.	General information

Sport Social Marketplaces Holding Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page, there is no principal place of business.

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.

2.2

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.

2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3


SPORT SOCIAL MARKETPLACES HOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings

25%

Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

4.	Intangible assets

		Software Development
		£
	Cost
	At 1 October 2023	1,225,222
	Additions	82,836
	At 30 September 2024	1,308,058

	Net book value
	At 30 September 2024	1,308,058
	At 30 September 2023	1,225,222

Page 4


SPORT SOCIAL MARKETPLACES HOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.	Tangible fixed assets

		Fixtures and fittings
		£
	Cost or valuation
	At 1 October 2023	15,488
	Exchange adjustments	(696)
	At 30 September 2024	14,792
	Depreciation
	At 1 October 2023	6,596
	Charge for the year on owned assets	3,945
	At 30 September 2024	10,541
	Net book value
	At 30 September 2024	4,251
	At 30 September 2023	8,892

6.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 October 2023	200
	At 30 September 2024	200

Page 5


SPORT SOCIAL MARKETPLACES HOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.	Debtors
		2024	2023
		£	£

Due after more than one year
Amounts owed by group undertakings	340,276	249,789
	340,276	249,789

					2024	2023
					£	£

Due within one year
Other debtors	57,116	46,610
Called up share capital not paid	100,000	-
	157,116	46,610

8.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Other creditors	181,750	266,691
Accruals and deferred income	2,340	2,154
	184,090	268,845

9.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Amounts owed to group undertakings	2,022,006	1,764,893
Other creditors	385,536	257,793
	2,407,542	2,022,686

Page 6