Company Registration No. 10331243 (England and Wales)
Sancho Management Limited
Unaudited financial statements
for the year ended 30 June 2025
Pages for filing with the registrar
Sancho Management Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
Sancho Management Limited
Statement of financial position
As at 30 June 2025
1
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
4,044,774
8,089,943
Cash at bank and in hand
3,830,316
330,367
7,875,090
8,420,310
Creditors: amounts falling due within one year
4
(848,872)
(1,691,943)
Net current assets
7,026,218
6,728,367
Capital and reserves
Called up share capital
5
50
50
Profit and loss reserves
7,026,168
6,728,317
Total equity
7,026,218
6,728,367

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 30 June 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 member has 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.

The financial statements were approved and signed by the director and authorised for issue on 20 April 2026.
Jadon Sancho
Director
Company Registration No. 10331243
Sancho Management Limited
Notes to the financial statements
For the year ended 30 June 2025
2
1
Accounting policies
Company information

Sancho Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71 Queen Victoria Street, London, United Kingdom, EC4V 4BE.

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. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of promotional services is recognised based on when the company satisfies its contractual performance obligations.

For endorsement and promotional arrangements delivered over a period of time, revenue is recognised over time by reference to the progress of performance, provided the outcome can be estimated reliably.

For event-based or appearance fees, revenue is recognised at the point in time when the service is delivered.

Revenue from variable consideration, such as revenue-sharing arrangements, is recognised when the amount can be measured reliably and it is probable that the economic benefits will flow to the company.

Where the outcome of a contract cannot be estimated reliably, revenue is recognised only to the extent of the expenses incurred that are probable of recovery.

1.3
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.

Sancho Management Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
1
Accounting policies (continued)
3
1.4
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 statement of financial position 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, 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.

1.5
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.

1.6
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 income statement 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.

Sancho Management Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
1
Accounting policies (continued)
4
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 income statement, 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.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2025
2024
Number
Number
Total
0
0
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
1,966,463
1,966,463
Other debtors
2,078,311
6,123,480
4,044,774
8,089,943
Sancho Management Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
5
4
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
-
0
191
Trade creditors
683,855
678,600
Corporation tax
115,245
852,900
Other creditors
49,772
160,252
848,872
1,691,943
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
50
50
50
50

Ordinary shares have full rights in the company with respect to voting, profit and capital distribution.

6
Related party transactions

As at the year ended 30 June 2025, the company was owed £15,303 (2024: £10,741) by a related party under common control. This amount is interest free and repayable on demand. During the year the company paid fees on behalf of this related party of £4,762 (2024: £4,141).

As at the year ended 30 June 2025, the company was owed £68,300 (2024: £68,300) from a connected person. This amount is interest free and repayable on demand.

As at the year ended 30 June 2025, the company owed £30,161 (2024: £30,161) to a connected company controlled by a close family member of the shareholder. This amount is interest free and repayable on demand.

7
Directors' transactions

As at the year ended 30 June 2025, the company had a balance due from the director of £1,988,663 (2024: £5,773,115). During the year interest of £117,393 (2024: £130,049) was charged on the balance at a rate of 2.25% (2024: 2.25%). During the year the director repaid the company £3,901,845 (2024: £nil).

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