Company registration number 02893565 (England and Wales)
SHARPLINK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
SHARPLINK LIMITED
COMPANY INFORMATION
Directors
Mr K H Kantaria
Mrs S H Kantaria
Mrs J K Kantaria
Secretary
Mr K H Kantaria
Company number
02893565
Registered office
4 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7SA
Accountants
KLSA LLP
Kalamu House
11 Coldbath Square
London
EC1R 5HL
SHARPLINK LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 9
SHARPLINK LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
15,887
16,240
Investment property
4
3,721,450
3,516,450
Investments
5
125,100
127,600
3,862,437
3,660,290
Current assets
Debtors
7
2,941
4,903
Cash at bank and in hand
823,492
1,223,268
826,433
1,228,171
Creditors: amounts falling due within one year
8
(102,252)
(91,588)
Net current assets
724,181
1,136,583
Total assets less current liabilities
4,586,618
4,796,873
Creditors: amounts falling due after more than one year
9
(920,635)
(1,416,262)
Provisions for liabilities
(232,721)
(183,411)
Net assets
3,433,262
3,197,200
Capital and reserves
Called up share capital
10
5,000
5,000
Profit and loss reserves
3,428,262
3,192,200
Total equity
3,433,262
3,197,200
SHARPLINK LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

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 24 December 2025 and are signed on its behalf by:
Mr K H Kantaria
Director
Company registration number 02893565 (England and Wales)
SHARPLINK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2023
5,000
3,265,475
3,270,475
Year ended 31 March 2024:
Loss and total comprehensive income for the year
-
(73,275)
(73,275)
Balance at 31 March 2024
5,000
3,192,200
3,197,200
Year ended 31 March 2025:
Profit and total comprehensive income for the year
-
236,062
236,062
Balance at 31 March 2025
5,000
3,428,262
3,433,262
Included in profit and loss reserves is an undistributable reserve amounting to £287,492 (2024: £541,802).
SHARPLINK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

Sharplink Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Churchill Court, 58 Station Road, North Harrow, Middlesex, HA2 7SA.

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover represents the total invoice value, excluding value added tax, of the rental income receivable for the year.

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:

Land and buildings Leasehold
Over the remaining life of the lease
Fixtures, fittings & equipment
15% on reducing balance
Computer equipment
25% on reducing balance

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
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

SHARPLINK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
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.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

SHARPLINK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.8
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.

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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. 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.

SHARPLINK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 7 -
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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
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.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

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

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
3
Tangible fixed assets
Land and buildings Leasehold
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 April 2024
9,270
55,817
8,139
73,226
Additions
-
0
-
0
1,495
1,495
At 31 March 2025
9,270
55,817
9,634
74,721
Depreciation and impairment
At 1 April 2024
1,456
48,703
6,827
56,986
Depreciation charged in the year
79
1,067
702
1,848
At 31 March 2025
1,535
49,770
7,529
58,834
Carrying amount
At 31 March 2025
7,735
6,047
2,105
15,887
At 31 March 2024
7,814
7,114
1,312
16,240
SHARPLINK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
4
Investment property
2025
£
Fair value
At 1 April 2024
3,516,450
Revaluations
205,000
At 31 March 2025
3,721,450

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 202 5 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
100
100
Loans to group undertakings and participating interests
125,000
127,500
125,100
127,600
Movements in fixed asset investments
Shares in subsidiaries
Loans to subsidiaries
Total
£
£
£
Cost or valuation
At 1 April 2024
100
127,500
127,600
Loan repaid
-
(2,500)
(2,500)
At 31 March 2025
100
125,000
125,100
Carrying amount
At 31 March 2025
100
125,000
125,100
At 31 March 2024
100
127,500
127,600
6
Subsidiaries

Details of the company's subsidiaries at 31 March 2025 are as follows:

Name of undertaking
Address
Nature of business
Class of
% Held
shares held
Direct
Mercian Office Centres Limited
100%
Letting and property management
Ordinary shares
100.00
SHARPLINK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
842
2,903
Other debtors
2,099
2,000
2,941
4,903
8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
5,236
4,280
Corporation tax
26,361
1,037
Other taxation and social security
13,439
18,162
Other creditors
57,216
68,109
102,252
91,588
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
920,635
1,416,262
10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
"A" Ordinary of £1 each
5,000
5,000
5,000
5,000
11
Related party transactions
Transactions with related parties

Included in other creditors is the amount of £6 83,5 00 (202 4: 600,000) due to a related company. This amount is unsecured and interest free.

Included in other creditors is an amount due to the director of £237,135 (2024: £816,262). This amount is unsecured and interest free.

2025-03-31 2024-04-01 false false false 24 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr K H Kantaria Mrs S H Kantaria Mrs J K Kantaria Mr K H Kantaria 02893565 2024-04-01 2025-03-31 02893565 bus:Director1 2024-04-01 2025-03-31 02893565 bus:Director2 2024-04-01 2025-03-31 02893565 bus:Director3 2024-04-01 2025-03-31 02893565 bus:CompanySecretary1 2024-04-01 2025-03-31 02893565 bus:RegisteredOffice 2024-04-01 2025-03-31 02893565 2025-03-31 02893565 2024-03-31 02893565 core:FurnitureFittings 2025-03-31 02893565 core:ComputerEquipment 2025-03-31 02893565 core:LandBuildings 2024-03-31 02893565 core:FurnitureFittings 2024-03-31 02893565 core:ComputerEquipment 2024-03-31 02893565 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 02893565 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02893565 core:CurrentFinancialInstruments 2025-03-31 02893565 core:CurrentFinancialInstruments 2024-03-31 02893565 core:Non-currentFinancialInstruments 2025-03-31 02893565 core:Non-currentFinancialInstruments 2024-03-31 02893565 core:ShareCapital 2025-03-31 02893565 core:ShareCapital 2024-03-31 02893565 core:RetainedEarningsAccumulatedLosses 2025-03-31 02893565 core:RetainedEarningsAccumulatedLosses 2024-03-31 02893565 core:ShareCapital 2023-03-31 02893565 core:RetainedEarningsAccumulatedLosses 2023-03-31 02893565 2023-03-31 02893565 core:ShareCapitalOrdinaryShareClass1 2025-03-31 02893565 core:ShareCapitalOrdinaryShareClass1 2024-03-31 02893565 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 02893565 2023-04-01 2024-03-31 02893565 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 02893565 core:LandBuildings core:LongLeaseholdAssets 2024-04-01 2025-03-31 02893565 core:FurnitureFittings 2024-04-01 2025-03-31 02893565 core:ComputerEquipment 2024-04-01 2025-03-31 02893565 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-03-31 02893565 core:FurnitureFittings 2024-03-31 02893565 core:ComputerEquipment 2024-03-31 02893565 2024-03-31 02893565 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-03-31 02893565 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 02893565 core:Subsidiary1 2024-04-01 2025-03-31 02893565 core:Subsidiary1 1 2024-04-01 2025-03-31 02893565 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 02893565 bus:OrdinaryShareClass1 2025-03-31 02893565 bus:OrdinaryShareClass1 2024-03-31 02893565 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02893565 bus:FRS102 2024-04-01 2025-03-31 02893565 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02893565 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02893565 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP