Sports Marketing Group International Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10652998

Sports Marketing Group International Ltd

Filleted Unaudited Financial Statements

31 March 2025

Sports Marketing Group International Ltd

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Sports Marketing Group International Ltd

Cessation from 1 October 2024 to 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sports Marketing Group International Ltd for the cessation ended 31 March 2025, which comprise the balance sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Sports Marketing Group International Ltd, as a body, in accordance with the terms of our engagement letter dated 30 April 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Sports Marketing Group International Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sports Marketing Group International Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sports Marketing Group International Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sports Marketing Group International Ltd. You consider that Sports Marketing Group International Ltd is exempt from the statutory audit requirement for the cessation. We have not been instructed to carry out an audit or a review of the financial statements of Sports Marketing Group International Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MILLER DAVIES LLP Chartered Accountants

A3 Broomsleigh Business Park Worsley Bridge Road London SE26 5BN

3 June 2025

Sports Marketing Group International Ltd

Balance Sheet

31 March 2025

	31 Mar 25	30 Sep 24
Note	£	£

Current assets

Debtors	5	123,292	108,069
Cash at bank and in hand		424,018	725,840
		---------	---------
		547,310	833,909

Creditors: amounts falling due within one year	6	8,663	61,596
		---------	---------
Net current assets		538,647	772,313
		---------	---------
Total assets less current liabilities		538,647	772,313

Provisions	–	1,519
	---------	---------
Net assets	538,647	770,794
	---------	---------

Capital and reserves

Called up share capital	200	200
Profit and loss account	538,447	770,594
	---------	---------
Shareholders funds	538,647	770,794
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the cessation in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 3 June 2025 , and are signed on behalf of the board by:

Mr M Perkins

Director

Company registration number: 10652998

Sports Marketing Group International Ltd

Notes to the Financial Statements

Cessation from 1 October 2024 to 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Nutmeg House, 60 Gainsford Street, London, SE1 2NY, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% straight line
Equipment	-	20% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the cessation amounted to 2 (2024: 13 ).

5. Debtors

	31 Mar 25	30 Sep 24
	£	£
Trade debtors	253	73,046
Other debtors	123,039	35,023
	---------	---------
	123,292	108,069
	---------	---------

6. Creditors: amounts falling due within one year

	31 Mar 25	30 Sep 24
	£	£
Trade creditors	–	51,433
Other creditors	8,663	10,163
	-------	--------
	8,663	61,596
	-------	--------

7. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	31 Mar 25	30 Sep 24
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	5,271	798,885
	-------	---------

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss	8,863	427,796
	-------	---------

8. Directors' advances, credits and guarantees

During the cessation the directors entered into the following advances and credits with the company:

	31 Mar 25
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr M Perkins	–	–	–
	----	----	----

	30 Sep 24
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr M Perkins	( 25,169)	25,169	–
	--------	--------	----