Planet Sport Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 10455195

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		297,912		298,895
Tangible Assets	5		-		3,580
Investments	6		18,053		102,238

			315,965		404,713
CURRENT ASSETS
Debtors	7	1,906,708		1,617,981
Cash at bank and in hand		399,374		468,530

		2,306,082		2,086,511
Creditors: Amounts Falling Due Within One Year	8	(785,121 )		(946,197 )

NET CURRENT ASSETS (LIABILITIES)			1,520,961		1,140,314

TOTAL ASSETS LESS CURRENT LIABILITIES			1,836,926		1,545,027

Creditors: Amounts Falling Due After More Than One Year	9		(6,746 )		(30,978 )

NET ASSETS			1,830,180		1,514,049

CAPITAL AND RESERVES
Called up share capital	10		4,363		4,040
Profit and Loss Account			1,825,817		1,510,009

SHAREHOLDERS' FUNDS			1,830,180		1,514,049

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Planet Sport Limited

Balance Sheet (continued)

As At 31 March 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Barry Jarrett

Director

28/12/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Planet Sport Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10455195 . The registered office is 3.10 Avenue HQ, 10-12 East Parade, Leeds, LS1 2BH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33% straight line

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Planet Sport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 65 (2024: 55)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	302,825

As at 31 March 2025	302,825

Amortisation
As at 1 April 2024	3,930
Provided during the period	983

As at 31 March 2025	4,913

Net Book Value
As at 31 March 2025	297,912

As at 1 April 2024	298,895

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	15,662

As at 31 March 2025	15,662

Depreciation
As at 1 April 2024	12,082
Provided during the period	3,580

As at 31 March 2025	15,662

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	3,580

6. Investments

	Listed
	£
Cost or Valuation
As at 1 April 2024	102,238
Additions	18,000
Disposals	(102,185 )

As at 31 March 2025	18,053

Provision
As at 1 April 2024	-

As at 31 March 2025	-

...CONTINUED

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Planet Sport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	18,053

As at 1 April 2024	102,238

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Crowdynews Limited, a company registered in England & Wales,

The registered of the above entity is 3.10 Avenue HQ, 10-12 East Parade, Leeds, England, LS1 2BH.

50% of the voting rights and shares are held.

The principal activity of Crowdynews Limited is content creation.

Planet Sport PTY, a company registered in South Africa.

The registed office of the above entity is 2nd Floor, The Harrington, 50 Harrington Street, Zonnebloem, Western Cape, 7925, South Africa.

100% of the voting rights and shares are held.

The principal activity of Planet Sport PTY is Content Services.

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,682,335	1,337,921
Amounts owed by group undertakings	-	60,913
Other debtors	224,373	219,147

	1,906,708	1,617,981

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	383,619	227,422
Bank loans and overdrafts	21,994	19,756
Amounts owed to group undertakings	40,034	74,910
Other creditors	206,310	421,975
Taxation and social security	133,164	202,134

	785,121	946,197

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	6,746	30,978

10. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
4,040 Ordinary Shares of £ 1.00 each	4,040	4,040
323 Ordinary B shares of £ 1.00 each	323	-

	4,363	4,040

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Planet Sport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Related Party Transactions

Crowdynews Limited is a subsidiary of Planet Sport Limited. The amount owed from Crowdynews Limited at the balance sheet date was £0 (2024: £0).

Planet Connect PTY is related to Planet Sport Limited by virtue of common directors. The amount owed from Planet Connect PTY at the balance sheet date was £212,487 (2024: £212,437).

Planet Sport PTY is a subsidiary of Planet Sport Limited. The amount owed to Planet Sport PTY at the balance sheet date was £53 (2024: £60,913 owed from).

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