Company registration number SC797987 (Scotland)
CR2 SPORT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
CR2 SPORT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CR2 SPORT LIMITED
BALANCE SHEET
AS AT 28 FEBRUARY 2025
28 February 2025
- 1 -
2025
Notes
£
£
Current assets
Debtors
3
32,734
Cash at bank and in hand
7,891
40,625
Creditors: amounts falling due within one year
4
(41,978)
Net current liabilities
(1,353)
Capital and reserves
Called up share capital
5
60
Profit and loss reserves
(1,413)
Total equity
(1,353)

For the financial period ended 28 February 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 period 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 6 February 2026 and are signed on its behalf by:
C MURRAY
R MURRAY
C Murray
R Murray
Director
Director
Company registration number SC797987 (Scotland)
CR2 SPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information

CR2 Sport Limited is a private company limited by shares incorporated in Scotland. The registered office is 133 Finnieston Street, Glasgow, United Kingdom, G3 8HB.

1.1
Reporting period

The company was incorporated on 6 February 2024. These accounts cover the period from the date of incorporation to 28 February 2025.

1.2
Basis of preparation

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. The principal accounting policies adopted are set out below.

1.3
Going concern

These financial statements are prepared on a going concern basis. At the balance sheet date, the company had net current liabilities of £1,353. The directors have confirmed that they shall continue to support the company to facilitate its ability to continue as a going concern for the foreseeable future. The directors therefore have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

1.4
Revenue

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.5
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.

1.6
Financial instruments
Basic financial assets

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

1.7
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.

CR2 SPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 3 -
1.8
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.

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.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

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

2025
Number
Total
3
3
Debtors
2025
Amounts falling due within one year:
£
Other debtors
32,734
CR2 SPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 4 -
4
Creditors: amounts falling due within one year
2025
£
Trade creditors
2,096
Taxation and social security
17,331
Other creditors
22,551
41,978
5
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
60
60
6
Related party transactions

During the period, the company made advances of £60 to the directors, which resulted in amounts due to the company at the period end of £60. The loan is unsecured and interest free.

2025-02-28 2024-02-06 false false false 06 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity R Muir C Murray R Murray SC797987 2024-02-06 2025-02-28 SC797987 2025-02-28 SC797987 core:CurrentFinancialInstruments 2025-02-28 SC797987 core:ShareCapital 2025-02-28 SC797987 core:RetainedEarningsAccumulatedLosses 2025-02-28 SC797987 core:ShareCapitalOrdinaryShareClass1 2025-02-28 SC797987 bus:Director2 2024-02-06 2025-02-28 SC797987 bus:Director3 2024-02-06 2025-02-28 SC797987 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 SC797987 bus:OrdinaryShareClass1 2024-02-06 2025-02-28 SC797987 bus:OrdinaryShareClass1 2025-02-28 SC797987 bus:PrivateLimitedCompanyLtd 2024-02-06 2025-02-28 SC797987 bus:SmallCompaniesRegimeForAccounts 2024-02-06 2025-02-28 SC797987 bus:FRS102 2024-02-06 2025-02-28 SC797987 bus:AuditExemptWithAccountantsReport 2024-02-06 2025-02-28 SC797987 bus:Director1 2024-02-06 2025-02-28 SC797987 bus:FullAccounts 2024-02-06 2025-02-28 xbrli:pure xbrli:shares iso4217:GBP