BrightAccountsProduction v1.0.0 v1.0.0 2024-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The company's principal activity during the year continued to be creation of a new lifestyle and clothing brand based on the legacy of George Best. 24 December 2025 1 1 13836698 2024-12-31 13836698 2023-12-31 13836698 2022-12-31 13836698 2024-01-01 2024-12-31 13836698 2023-01-01 2023-12-31 13836698 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13836698 uk-curr:PoundSterling 2024-01-01 2024-12-31 13836698 uk-bus:AbridgedAccounts 2024-01-01 2024-12-31 13836698 uk-core:ShareCapital 2024-12-31 13836698 uk-core:ShareCapital 2023-12-31 13836698 uk-core:SharePremium 2024-12-31 13836698 uk-core:SharePremium 2023-12-31 13836698 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 13836698 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 13836698 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 13836698 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 13836698 uk-bus:FRS102 2024-01-01 2024-12-31 13836698 uk-core:PlantMachinery 2024-01-01 2024-12-31 13836698 2024-01-01 2024-12-31 13836698 uk-bus:Director4 2024-01-01 2024-12-31 13836698 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 13836698
 
 
The George Best Legacy Company Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2024
The George Best Legacy Company Limited
Company Registration Number: 13836698
ABRIDGED BALANCE SHEET
as at 31 December 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 785 1,445
───────── ─────────
 
Current Assets
Debtors 4,401 5,800
Cash at bank and in hand 12,709 110,235
───────── ─────────
17,110 116,035
───────── ─────────
Creditors: amounts falling due within one year (29,736) (2,470)
───────── ─────────
Net Current (Liabilities)/Assets (12,626) 113,565
───────── ─────────
Total Assets less Current Liabilities (11,841) 115,010
═════════ ═════════
 
Capital and Reserves
Called up share capital 183 183
Share premium account 449,817 449,817
Retained earnings (461,841) (334,990)
───────── ─────────
Shareholders' (Deficit)/Funds (11,841) 115,010
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Board and authorised for issue on 24 December 2025 and signed on its behalf by
           
           
________________________________          
Laurence Mellman          
Director          
           



The George Best Legacy Company Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2024

   
1. General Information
 
The George Best Legacy Company Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 13836698.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
 
Provisions

Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
 
Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.
 
Tangible assets and depreciation

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
 
  Plant and machinery - over 3 year
 
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
 
Trade and other creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
 
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 1, (2023 - 1).
 
  2024 2023
  Number Number
 
Average number of persons employed by the company 1 1
  ═════════ ═════════
       
4. Tangible assets
  Plant and Total
  machinery  
     
  £ £
Cost
At 1 January 2024 1,980 1,980
  ───────── ─────────
 
At 31 December 2024 1,980 1,980
  ───────── ─────────
Depreciation
At 1 January 2024 535 535
Charge for the financial year 660 660
  ───────── ─────────
At 31 December 2024 1,195 1,195
  ───────── ─────────
Net book value
At 31 December 2024 785 785
  ═════════ ═════════
At 31 December 2023 1,445 1,445
  ═════════ ═════════