Company registration number 15767453 (England and Wales)
WIGAN SPORTING EVENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD 7 JUNE 2024 TO PERIOD ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
WIGAN SPORTING EVENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
WIGAN SPORTING EVENTS LIMITED
BALANCE SHEET
As At 30 June 2025
- 1 -
2025
Notes
£
£
Fixed assets
Intangible assets
-
0
Tangible assets
4
2,212,360
Current assets
Stocks
70,056
Debtors
5
762,875
Cash at bank and in hand
147,371
980,302
Creditors: amounts falling due within one year
6
(733,961)
Net current assets
246,341
Total assets less current liabilities
2,458,701
Creditors: amounts falling due after more than one year
7
(2,871,656)
Net liabilities
(412,955)
Capital and reserves
Called up share capital
1
Profit and loss reserves
(412,956)
Total equity
(412,955)

For the financial period 7 June 2024 to period ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the period 7 June 2024 to 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 March 2026 and are signed on its behalf by:
B J Goodburn
Director
Company registration number 15767453 (England and Wales)
WIGAN SPORTING EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For The Period 7 June 2024 To Period Ended 30 June 2025
- 2 -
1
Accounting policies
Company information

Wigan Sporting Events Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Brick Community Stadium Loire Drive, Robin Park, United Kingdom, Wigan, United Kingdom, WN5 0UZ.

1.1
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, to include the revaluation of leasehold properties. 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 directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The directors consider it is reasonable to rely on the funding from the ultimate controlling party to provide the working capital requirements for the company. Mr M Danson has confirmed his continuing financial support.

Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Over 75 years, term remaining on the leasehold
Fixtures and fittings
10% straight line
Computers
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

WIGAN SPORTING EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Period 7 June 2024 To Period Ended 30 June 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
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.

1.8
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.

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.

1.9
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.

WIGAN SPORTING EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Period 7 June 2024 To Period Ended 30 June 2025
1
Accounting policies
(Continued)
- 4 -
1.10
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.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

Depreciation and residual values

The directors have reviewed the asset lives and associated residual values of all fixed asset classes, and have concluded that the asset lives and residual values are appropriate.

WIGAN SPORTING EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Period 7 June 2024 To Period Ended 30 June 2025
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the period 7 June 2024 to period was:

2025
Number
Total
80
4
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 7 June 2024
-
0
-
0
-
0
-
0
Additions
1,068,064
1,191,777
18,377
2,278,218
At 30 June 2025
1,068,064
1,191,777
18,377
2,278,218
Depreciation and impairment
At 7 June 2024
-
0
-
0
-
0
-
0
Depreciation charged in the period 7 June 2024 to period
14,241
47,941
3,676
65,858
At 30 June 2025
14,241
47,941
3,676
65,858
Carrying amount
At 30 June 2025
1,053,823
1,143,836
14,701
2,212,360
5
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
553,178
Other debtors
146,868
Prepayments and accrued income
62,829
762,875
6
Creditors: amounts falling due within one year
2025
£
Trade creditors
310,509
Taxation and social security
33,914
Deferred income
227,901
Other creditors
5,380
Accruals and deferred income
156,257
733,961
WIGAN SPORTING EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Period 7 June 2024 To Period Ended 30 June 2025
- 6 -
7
Creditors: amounts falling due after more than one year
2025
£
Other creditors
2,871,656
Creditors which fall due after five years are payable as follows:
Payable other than by instalments
(2,871,656)
8
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
Amounts due to related parties
£
Shareholder loan
2,871,656

During the year loans of £2,871,656 have been received from Mr M Danson, the ultimate controlling party. As at the year end an amount of £2,871,656 is included in borrowings as a shareholder loan.

9
Parent company

The company's ultimate parent company is Community Holdco 2023 Limited, a company registered in England and Wales.

The directors consider the ultimate controlling party to be Mr M Danson who controls a majority shareholding in Community Holdco 2023 Limited.

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