Specialist Sports Creation Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 4

Specialist Sports Creation Limited

Balance Sheet

31 March 2025

	Note	2025 £	2024 £
Current assets
Debtors	4	883,931	24,608
Cash at bank and in hand		107,598	4,119
		991,529	28,727
Creditors: Amounts falling due within one year	5	(1,390,959)	(133,112)
Net liabilities		(399,430)	(104,385)
Capital and reserves
Called up share capital	6	100	100
Profit and loss account		(399,530)	(104,485)
Shareholders' deficit		(399,430)	(104,385)

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... Mr J Hook Director

Company Registration Number: 14437923

Specialist Sports Creation Limited

Notes to the Financial Statements

Year Ended 31 March 2025

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
140 Mauretania Road
Nursling
Southampton
Hampshire
SO16 0YS

These financial statements were authorised for issue by the Board on 23 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The prior period is for the period from 1 August 2023 to 31 March 2024 and therefore is for a period of 8 months. On this basis, the comparative period is not entirely comparable.

Going concern

The financial statements have been prepared on a going concern basis as the Company has the support of it's fellow subsidiary, Specialist Sports Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the Company.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Specialist Sports Creation Limited

Notes to the Financial Statements

Year Ended 31 March 2025

Financial instruments

Classification
The Company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The Company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the Company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the Company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

3	Staff numbers

The average number of persons employed by the Company (including directors) during the year, was 2 (2024 - 2).

4

Debtors

	2025 £	2024 £
Trade debtors	144,433	9,305
Amounts owed by group undertaking	424,543	-
Prepayments	247,162	12,412
Other debtors	67,793	2,891
	883,931	24,608

Specialist Sports Creation Limited

Notes to the Financial Statements

Year Ended 31 March 2025

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	179,547	36,273
Amounts owed to group undertakings	827,061	95,321
Taxation and social security	32,468	1,218
Accruals and deferred income	350,808	-
Other creditors	1,075	300
	1,390,959	133,112

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

7	Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was Chloe Mills FCA, who signed for and on behalf of PKF Francis Clark on 23 December 2025.

8	Parent and ultimate parent undertaking

The Company's immediate parent is Specialist Sports Group Limited, incorporated in England and Wales.

 The most senior parent entity producing publicly available financial statements is Specialist Sports Group Limited. These financial statements are available upon request from 140 Maureania Road, Nursling, Southampton, England, SO16 0YS

 The ultimate controlling party is Specialist Sports Group Holdings Limited.