Company registration number 15517123 (England and Wales)
COMPETITION GROUP LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 FEBRUARY 2025
COMPETITION GROUP LTD
COMPANY INFORMATION
Director
Mr M Leeson
Company number
15517123
Registered office
20 Wenlock Road
London
England
N1 7GU
Accountants
Streets Bush Limited
Melrose House
Pynes Hill
Rydon Lane
Exeter
Devon
EX2 5AZ
COMPETITION GROUP LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
COMPETITION GROUP LTD
BALANCE SHEET
AS AT
27 FEBRUARY 2025
27 February 2025
- 1 -
2025
Notes
£
£
Current assets
Stocks
34,266
Debtors
3
11,812
Cash at bank and in hand
57,990
104,068
Creditors: amounts falling due within one year
4
(132,955)
Net current liabilities
(28,887)
Capital and reserves
Called up share capital
1
Retained earnings
(28,888)
Total equity
(28,887)

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 27 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

COMPETITION GROUP LTD
BALANCE SHEET (CONTINUED)
AS AT
27 FEBRUARY 2025
27 February 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 20 February 2026
Mr M Leeson
Director
Company Registration No. 15517123
COMPETITION GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information

Competition Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 20 Wenlock Road, London, England, N1 7GU.

1.1
Accounting convention

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.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.4
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.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

COMPETITION GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 27 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2
Employees

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

2025
Number
Total
1
COMPETITION GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 27 FEBRUARY 2025
- 5 -
3
Debtors
2025
Amounts falling due within one year:
£
Other debtors
11,812
4
Creditors: amounts falling due within one year
2025
£
Taxation and social security
1,920
Other creditors
131,035
132,955
5
Directors' transactions

Included in other debtors are amounts owed the company by the director of £5,689. Interest is charged on balances greater than £10,000 within the year and no repayment terms have been set.

6
Events after the end of the reporting date.

In March 2025, subsequent to the year end, the company underwent a capital reorganisation and a further allotment of shares as follows:

Share subdivision: the company’s existing ordinary share of £1 was subdivided into 10,000 ordinary shares of £0.0001 each.

Ordinary share allotment: a further 830,000 shares of £0.0001 each were allotted for a total consideration of £83.

Preference share allotment:

The company also allotted 160,000 preference shares of £0.0001 each at a premium, for a total consideration of £160,000.

At the balance sheet date the company had received £130,000 in respect of these upcoming allotments which is included in other creditors.

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