Company No: 05828791 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.08.2025		31.08.2024
		£		£
Fixed assets
Tangible assets	4	5,740		7,517
		5,740		7,517
Current assets
Debtors	5	432,372		411,674
Cash at bank and in hand		95,654		103,538
		528,026		515,212
Creditors: amounts falling due within one year	6	( 394,339)		( 410,438)
Net current assets		133,687		104,774
Total assets less current liabilities		139,427		112,291
Net assets		139,427		112,291
Capital and reserves
Called-up share capital		10,001		10,001
Profit and loss account		129,426		102,290
Total shareholder's funds		139,427		112,291

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Sport in Schools Limited (registered number: 05828791) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

J O'Connor Director

15 May 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Sport in Schools Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 51 Ennerdale Drive, Watford, WD25 0NG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

3 years straight line

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	5 years straight line
Plant and machinery etc.	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and 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.

2. Employees

	Year ended 31.08.2025		Period from 15.11.2023 to 31.08.2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	93		104

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 September 2024	73,118		73,118
Disposals	( 73,118)		( 73,118)
At 31 August 2025	0		0
Accumulated amortisation
At 01 September 2024	73,118		73,118
Disposals	( 73,118)		( 73,118)
At 31 August 2025	0		0
Net book value
At 31 August 2025	0		0
At 31 August 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 September 2024	35,450		6,665		42,115
Additions	0		2,483		2,483
Disposals	0		( 491)		( 491)
	0		0		0
At 31 August 2025	35,450		8,657		44,107
Accumulated depreciation
At 01 September 2024	31,418		3,180		34,598
Charge for the financial year	1,806		2,454		4,260
Disposals	0		( 491)		( 491)
At 31 August 2025	33,224		5,143		38,367
Net book value
At 31 August 2025	2,226		3,514		5,740
At 31 August 2024	4,032		3,485		7,517

5. Debtors

	31.08.2025		31.08.2024
	£		£
Trade debtors	41,722		38,953
Amounts owed by group undertakings	341,374		341,374
Other debtors	49,276		31,347
	432,372		411,674

6. Creditors: amounts falling due within one year

	31.08.2025		31.08.2024
	£		£
Trade creditors	15,160		15,155
Taxation and social security	53,854		54,810
Other creditors	325,325		340,473
	394,339		410,438

7. Financial commitments

Pensions

The company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

	31.08.2025		31.08.2024
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	4,298		3,333

8. Related party transactions

Included within other debtors is a balance of £341,374 (2024: £341,374 ) owed by The Elms Group Ltd and Haygreen Ltd. This balance is unsecured with no fixed repayment terms. This loan is repayable on demand.