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# KEY SPORTS HOLDINGS LTD

## Company Registration Number:
10727004 (England and Wales)

## Unaudited statutory accounts for the year ended 31 December 2024

## Period of accounts

## Start date: 1 January 2024

## End date: 31 December 2024

# KEY SPORTS HOLDINGS LTD

## Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# KEY SPORTS HOLDINGS LTD

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The principal activity of the Company during the year was that of a holding company, holding shares in its subsidiary. There were no material changes in the nature of the Company’s activities during the year.

Additional information

The profit for the year, after taxation, amounted to £2,999,344 (2023 - £1,498,923). The directors declared a dividend for the year ending 31 December 2024 of £3,000,000 (2023 : £1,500,000).

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Ecvet, F.K.H.
Ueltzen-Gabell, L.M.C.

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 September 2025

And signed on behalf of the board by:
Name: Ecvet, F.K.H.
Status: Director

# KEY SPORTS HOLDINGS LTD

## Profit And Loss Account

for the Period Ended 31 December 2024

| 2024 | 2023
--- | --- | ---
| £ | £
Administrative expenses: | ( 665 ) | ( 1,098 )
Operating profit(or loss): | (665) | (1,098)
Interest receivable and similar income: | 3,000,009 | 1,500,021
Profit(or loss) before tax: | 2,999,344 | 1,498,923
Profit(or loss) for the financial year: | 2,999,344 | 1,498,923

# KEY SPORTS HOLDINGS LTD

## Balance sheet

As at 31 December 2024

| Notes | 2024 | 2023
--- | --- | --- | ---
|  | £ | £
Fixed assets
Investments: | 3 | 4,180,075 | 4,180,075
Total fixed assets: |  | 4,180,075 | 4,180,075
Current assets
Debtors: | 4 | 20,279 | 19,448
Cash at bank and in hand: |  |  | 900
Total current assets: |  | 20,279 | 20,348
Creditors: amounts falling due within one year: | 5 | ( 2,559,881 ) | ( 2,559,294 )
Net current assets (liabilities): |  | (2,539,602) | (2,538,946)
Total assets less current liabilities: |  | 1,640,473 | 1,641,129
Total net assets (liabilities): |  | 1,640,473 | 1,641,129
Capital and reserves
Called up share capital: |  | 236,464 | 236,464
Profit and loss account: |  | 1,404,009 | 1,404,665
Total Shareholders' funds: |  | 1,640,473 | 1,641,129

The notes form part of these financial statements

# KEY SPORTS HOLDINGS LTD

## Balance sheet statements

For the year ending 31 December 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 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.

This report was approved by the board of directors on 30 September 2025
and signed on behalf of the board by:

Name: Ecvet, F.K.H.
Status: Director

The notes form part of these financial statements

# KEY SPORTS HOLDINGS LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Valuation information and policy

  Investments in subsidiaries are measured at cost less accumulated impairment.

  Other accounting policies

  Going concern The Company made a profit on activities after tax of £2,999,344 (2023: loss - £1,498,923) and has a net current liability of £2,539,602 (2023: liability - £2,538,946). The directors have reviewed the Company's budgets and forecasts for the foreseeable future, its liquid resources and medium term plans. Dividends Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

# KEY SPORTS HOLDINGS LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 2. Employees

  | 2024 | 2023
  --- | --- | ---
  Average number of employees during the period | 2 | 2

# KEY SPORTS HOLDINGS LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 3. Fixed assets investments note

Investments in subsidiary company include the 100% holdings of ordinary shares in Key Sports Management Limited with a cost of £4,180,075 (2023 - £4,180,075).

# KEY SPORTS HOLDINGS LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 4. Debtors

| 2024 | 2023
--- | --- | ---
| £ | £
Other debtors | 20,279 | 19,448
Total | 20,279 | 19,448

# KEY SPORTS HOLDINGS LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 5. Creditors: amounts falling due within one year note

| 2024 | 2023
--- | --- | ---
| £ | £
Other creditors | 2,559,881 | 2,559,294
Total | 2,559,881 | 2,559,294