smallAccCompHo_0921.xslt
Company Registration No. SC616481 (Scotland)
FIVES SOCCER CENTRES LIMITED
Financial Statements
for the Period from 01 January 2024 to 31 December 2024

FIVES SOCCER CENTRES LIMITED

Financial Statements for the period ending 31 December 2024

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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FIVES SOCCER CENTRES LIMITED

Financial Statements for the period ending 31 December 2024

Company Information

Company Details
Company Number SC616481
Registered Office 67B BOTHWELL ROAD
SEACROFT
HAMILTON
ML3 0DW
Directors
Directors who held office during the period were:
Stuart Scott PENMAN   
Wilfred Mark JOHNSTON Resigned   22/02/2024
Minesh SHETA Resigned   22/01/2024
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FIVES SOCCER CENTRES LIMITED

Financial Statements for the period ending 31 December 2024

Statement of Financial Position

12345678910
Notes 2024 2023
£ £
Fixed Assets
Intangible assets 5 283,201 319,518
Tangible assets 6 3,837,999 3,813,784
Investments 7 4,044,000 4,044,000
Current Assets
Debtors due 168,625 466,017
Cash at bank and in hand 2,991 13,861
171,616 479,878
Creditors
Amount falling due within one year (893,837) (1,182,801)
Net Current Assets (722,221) (702,923)
Total Assets less current liabilities 7,442,979 7,474,379
Creditors due after more than one year (9,440,230) (7,478,352)
Net Assets (1,997,251) (3,973)
Capital and Reserves
Called up Share Capital 175 175
Share Premium Account 539,852 539,852
Retained earnings at end of year (2,537,278) (544,000)
Shareholder funds (1,997,251) (3,973)
For the year ending 31/12/2024 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
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 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.
Approved by the Board on 24 December 2025
S S Penman
Company Registration No. SC616481
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FIVES SOCCER CENTRES LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

1. Statutory Information
FIVES SOCCER CENTRES LIMITED is a private company, limited by shares, registered in Scotland, registration number SC616481.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities and the requirements of the Companies Act 2006 as applicable 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 have been prepared under the historical cost convention, modified to include certain financial instruments at fair value.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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FIVES SOCCER CENTRES LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

Current Tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Tangible Fixed Asset Policy
Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life. Leasehold improvements - based on lease term Computer equipment - 33% straight line Plant and machinery - 20% straight line
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FIVES SOCCER CENTRES LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

Intangible Asset Policy
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortization and any accumulated impairment losses.Web development - 20% straight line
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of timing differences. 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.
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FIVES SOCCER CENTRES LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 36
2023 45
4. Principal Activity
The principal activity of the company is operating and maintaining sports facilities
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FIVES SOCCER CENTRES LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

5. Intangible Assets
Other Total
Cost £ £
At 01/01/2024 542,045 542,045
Additions 90,115 90,115
Disposals - -
Revaluations - -
At 31/12/2024 632,160 632,160
Amortisation
At 01/01/2024 222,527 222,527
Charge for the Year 126,432 126,432
On Disposals - -
Other increases/(decreases) - -
At end of period 348,959 348,959
Net book value
At 31/12/2024 283,201 283,201
At 31/12/2023 319,518 319,518
6. Fixed Assets
Land and buildings Plant and Machinery Total
Cost or valuation £ £ £
At 01/01/2024 3,931,040 369,011 4,300,051
Additions 203,327 44,829 248,156
At 31/12/2024 4,134,367 413,840 4,548,207
Depreciation
At 01/01/2024 295,793 190,474 486,267
Charge for the year 144,703 79,238 223,941
At 31/12/2024 440,496 269,712 710,208
Net Book Value
At 31/12/2024 3,693,871 144,128 3,837,999
At 31/12/2023 3,635,247 178,537 3,813,784
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FIVES SOCCER CENTRES LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

7. Investments
Investments in Subsidiaries Other Investments - Listed Other Investments -Unlisted Total
£ £ £ £
Valuation at 01/01/2024 4,044,000 - - 4,044,000
Additions - - - -
Disposals - - - -
Adjustments - - - -
Valuation at 31/12/2024 4,044,000 - - 4,044,000
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