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Registered number: 11788639
Fan Cave Group Ltd
Financial Statements
For The Year Ended 31 January 2025
Gravitate Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11788639
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 50
Tangible Assets 5 17,044 27,637
Investments 6 50 -
17,094 27,687
CURRENT ASSETS
Stocks 7 794,028 550,000
Debtors 8 250,683 142,026
Cash at bank and in hand 86,526 71,915
1,131,237 763,941
Creditors: Amounts Falling Due Within One Year 9 (688,089 ) (481,494 )
NET CURRENT ASSETS (LIABILITIES) 443,148 282,447
TOTAL ASSETS LESS CURRENT LIABILITIES 460,242 310,134
Creditors: Amounts Falling Due After More Than One Year 10 (203,637 ) (154,613 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (7,973 ) (7,736 )
NET ASSETS 248,632 147,785
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 248,532 147,685
SHAREHOLDERS' FUNDS 248,632 147,785
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Profit and Loss Account.
On behalf of the board
Mr Daniel Hoyland
Director
23rd October 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fan Cave Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11788639 . The registered office is Unit 13e 92 Burton Road, Sheffield, S3 8BX.
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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. 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:
Leasehold 5% - Straight Line
Motor Vehicles 25% - Reducing balance
Fixtures & Fittings 15%/33% - Reducing balance/Straight line
Computer Equipment 33% - Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account within overheads. 
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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 profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 13)
15 13
4. Intangible Assets
Other
£
Cost
As at 1 February 2024 50
Transfers (50 )
As at 31 January 2025 -
Net Book Value
As at 31 January 2025 -
As at 1 February 2024 50
During the year, the company reviewed the classification of certain assets previously included within intangible fixed assets. As a result, an amount of £50 has been reclassified to investments in a joint venture to reflect the substance of the company’s 50% interest in Ronnie O'Sullivan Shop Limited. This reclassification has no impact on profit or net assets.
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 3,378 14,793 37,407 3,004 58,582
Additions - - 5,146 - 5,146
Disposals - (14,793 ) - - (14,793 )
As at 31 January 2025 3,378 - 42,553 3,004 48,935
Depreciation
As at 1 February 2024 42 7,726 22,768 409 30,945
Provided during the period 169 - 7,501 1,002 8,672
Disposals - (7,726 ) - - (7,726 )
As at 31 January 2025 211 - 30,269 1,411 31,891
Net Book Value
As at 31 January 2025 3,167 - 12,284 1,593 17,044
As at 1 February 2024 3,336 7,067 14,639 2,595 27,637
Page 4
Page 5
6. Investments
Joint Ventures
£
Cost
As at 1 February 2024 -
Transfers 50
As at 31 January 2025 50
Provision
As at 1 February 2024 -
As at 31 January 2025 -
Net Book Value
As at 31 January 2025 50
As at 1 February 2024 -
7. Stocks
2025 2024
£ £
Stock 794,028 550,000
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 156,181 23,302
Amounts owed by group undertakings 80,543 89,294
Other debtors 13,959 29,430
250,683 142,026
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 347,027 288,233
Bank loans and overdrafts 42,473 80,408
Amounts owed to participating interests 26,986 28,751
Other creditors 61,068 35,111
Taxation and social security 210,535 48,991
688,089 481,494
During the year, certain balances previously included within other creditors have been reclassified to debtors to better reflect their nature. The reclassification has no impact on net assets or profit for either year.
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 203,637 154,613
Page 5
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11. Deferred Taxation
2025 2024
£ £
Other timing differences 7,973 7,736
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
13. Related Party Transactions
Included within Other Creditors are loans from related parties amounting to £26,986 (2024 : £17,832). These loans are unsecured, interest free and repayable on demand.
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