REGISTERED NUMBER: 06959898 (England and Wales)

Unaudited Financial Statements

for the Period 31 July 2023 to 31 December 2024

for

PLAYFIVEASIDE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N Pandit

REGISTERED OFFICE:

Ground Floor Marlborough House

298 Regents Park Road

London

N3 2SZ

REGISTERED NUMBER:

06959898 (England and Wales)

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

FIXED ASSETS

Tangible assets

4

824

969

CURRENT ASSETS

Debtors

5

619,347

253,510

Cash at bank

7,186

222,817

626,533

476,327

CREDITORS

Amounts falling due within one year

6

182,807

122,925

NET CURRENT ASSETS

443,726

353,402

TOTAL ASSETS LESS CURRENT LIABILITIES

444,550

354,371

CREDITORS

Amounts falling due after more than one year

7

76,241

117,810

NET ASSETS

368,309

236,561

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

367,809

236,061

368,309

236,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2025 and were signed by:

Mr N Pandit - Director

1.	STATUTORY INFORMATION

Playfiveaside 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Equipment

-

15% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Office

Equipment

£

COST

At 31 July 2023

and 31 December 2024

4,926

DEPRECIATION

At 31 July 2023

3,957

Charge for period

145

At 31 December 2024

4,102

NET BOOK VALUE

At 31 December 2024

824

At 30 July 2023

969

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.7.23

£

£

Amounts owed by group undertakings

422,313

-

Value added tax

17,320

18,598

Prepayments and accrued income

179,714

234,912

619,347

253,510

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.7.23

£

£

Bank loans and overdrafts

110,532

76,198

Trade creditors

301

-

Amounts owed to group undertakings

54,929

-

Corporation tax

10,419

24,053

Social security and other taxes

5,725

5,938

Director's current account

901

16,736

182,807

122,925

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

30.7.23

£

£

Bank loans

76,241

117,810

8.	RELATED PARTY DISCLOSURES

Amounts owed by group undertakings of £422,313 is owed to the Company by other companies which are under common control.

Amounts owed to group undertakings of £54,929 is owed by the Company to another company which is under common control.

The debts have no fixed date for repayment, are repayable on demand and are non-interest bearing.

Included in the wages expense is £32,400 paid to Mrs S Pandit, the wife of the director.