HANDYMAIN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
HANDYMAIN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
HANDYMAIN LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,945
7,825
Current assets
Debtors
4
5,563,194
4,622,716
Cash at bank and in hand
17,174,184
18,186,418
22,737,378
22,809,134
Creditors: amounts falling due within one year
5
(9,565,155)
(10,631,071)
Net current assets
13,172,223
12,178,063
Net assets
13,178,168
12,185,888
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
13,178,068
12,185,788
Total equity
13,178,168
12,185,888

The notes on pages pages 2 to 6 form an integral part of these financial statements.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 December 2025 and are signed on its behalf by:
R.S. Pickles
Director
Company registration number 02729807 (England and Wales)
HANDYMAIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Handymain Limited is a private company limited by shares incorporated in England and Wales. The registered office is 11 Nicholas Street, Burnley, Lancashire, BB11 2AL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue derives from the sale of television rights in respect of sporting events. Revenue is recognised over the period of the contract in accordance with when the sporting event is staged or in the case of season long contracts, on a time apportioned basis.

Amounts which are invoiced and paid for in advance of the sporting event are included as deferred income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

HANDYMAIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

A financial instrument is a contract giving rise to a financial asset (such as trade and other debtors, cash and bank balances) or a financial liability (such as trade and other creditors, bank and other loans, hire purchase and lease creditors) or an equity instrument (such as ordinary or preference shares).

Financial instruments are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

All the company's financial instruments are basic financial instruments and are recognised at amortised cost using the effective interest method.

Amortised cost: the original transaction value, less amounts settled, less any adjustment for impairment.

Effective interest method: where a financial instrument falls due more than 12 months after the balance sheet date and is subject to a rate of interest which is below a market rate, the original transaction value is discounted using a market rate of interest to give the net present value of future cash flows.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

D eferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to reserves, in which case the deferred tax is also dealt with in reserves.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

HANDYMAIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.10
Purchase of rights
Due to the nature of the acquired television rights which relate to live sporting events, the total contracted cost and corresponding liability for future payments of such rights are not recognised on the balance sheet.
Amounts paid in respect of the rights to sporting events are included within prepayments and are written off over the contract in line with the revenues arising from the sale of such contracts.
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 4 (2024 - 4).

2025
2024
Number
Number
Total
4
4
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2024
60,445
Additions
1,159
At 31 March 2025
61,604
Depreciation and impairment
At 1 April 2024
52,620
Depreciation charged in the year
3,039
At 31 March 2025
55,659
Carrying amount
At 31 March 2025
5,945
At 31 March 2024
7,825
HANDYMAIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,275,812
652,646
Other debtors
950,488
738,150
Prepayments and accrued income
3,322,894
3,217,920
5,549,194
4,608,716
Deferred tax asset (note 6)
14,000
14,000
5,563,194
4,622,716
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,612,515
2,325,287
Corporation tax
199,358
157,937
Other taxation and social security
8,618
8,369
Other creditors
3,118,345
52,528
Directors loan account
2,019,315
5,389,322
Accruals and deferred income
2,607,004
2,697,628
9,565,155
10,631,071
HANDYMAIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Deferred taxation

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Assets
Assets
2025
2024
Balances:
£
£
Other timing differences
14,000
14,000
There were no deferred tax movements in the year.
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
2025-03-31 2024-04-01 false false false 09 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity R.S. Pickles Mrs S. Ismail-Pickles Mrs S.I. Pickles 02729807 2024-04-01 2025-03-31 02729807 2025-03-31 02729807 2024-03-31 02729807 core:FurnitureFittings 2025-03-31 02729807 core:FurnitureFittings 2024-03-31 02729807 core:WithinOneYear 2025-03-31 02729807 core:WithinOneYear 2024-03-31 02729807 core:ShareCapital 2025-03-31 02729807 core:ShareCapital 2024-03-31 02729807 core:RetainedEarningsAccumulatedLosses 2025-03-31 02729807 core:RetainedEarningsAccumulatedLosses 2024-03-31 02729807 core:ShareCapitalOrdinaryShareClass1 2025-03-31 02729807 core:ShareCapitalOrdinaryShareClass1 2024-03-31 02729807 bus:Director1 2024-04-01 2025-03-31 02729807 core:FurnitureFittings 2024-04-01 2025-03-31 02729807 2023-04-01 2024-03-31 02729807 core:FurnitureFittings 2024-03-31 02729807 core:CurrentFinancialInstruments 2025-03-31 02729807 core:CurrentFinancialInstruments 2024-03-31 02729807 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 02729807 bus:OrdinaryShareClass1 2025-03-31 02729807 bus:OrdinaryShareClass1 2024-03-31 02729807 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02729807 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02729807 bus:FRS102 2024-04-01 2025-03-31 02729807 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02729807 bus:Director2 2024-04-01 2025-03-31 02729807 bus:CompanySecretary1 2024-04-01 2025-03-31 02729807 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP