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Registered number: 09727902
Phoenix Sport & Media Group Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Hammond Ford & Co Limited
3 Beale Road
Barrow
Bury St. Edmunds
Suffolk
IP29 5ES
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09727902
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,788 3,280
Investments 5 293,000 293,000
295,788 296,280
CURRENT ASSETS
Debtors 6 228,292 228,715
228,292 228,715
Creditors: Amounts Falling Due Within One Year 7 (31,190 ) (27,421 )
NET CURRENT ASSETS (LIABILITIES) 197,102 201,294
TOTAL ASSETS LESS CURRENT LIABILITIES 492,890 497,574
Creditors: Amounts Falling Due After More Than One Year 8 (133,882 ) (137,447 )
NET ASSETS 359,008 360,127
CAPITAL AND RESERVES
Called up share capital 9 400 400
Share premium account 244,600 244,600
Revaluation reserve 10 199,999 199,999
Profit and Loss Account (85,991 ) (84,872 )
SHAREHOLDERS' FUNDS 359,008 360,127
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Benjamin Rees
Director
30th May 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Phoenix Sport & Media Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09727902 . The registered office is 1 Coleshill Street, Sutton Coldfield, West Midlands, B72 1SD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 2)
1 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2024 7,708
As at 31 August 2025 7,708
Depreciation
As at 1 September 2024 4,428
Provided during the period 492
As at 31 August 2025 4,920
Net Book Value
As at 31 August 2025 2,788
As at 1 September 2024 3,280
5. Investments
Unlisted
£
Cost or Valuation
As at 1 September 2024 293,000
As at 31 August 2025 293,000
Provision
As at 1 September 2024 -
As at 31 August 2025 -
Net Book Value
As at 31 August 2025 293,000
As at 1 September 2024 293,000
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 193,800 193,800
Other debtors 34,492 34,492
VAT - 423
228,292 228,715
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,392 -
Bank loans and overdrafts 15,696 15,386
Other taxes and social security - 51
VAT 143 -
Accruals and deferred income 2,668 1,693
Directors' loan accounts 10,291 10,291
31,190 27,421
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 33,882 37,447
Other creditors 100,000 100,000
133,882 137,447
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 400 400
10. Reserves
Share Premium Revaluation reserve Profit and Loss Account
£ £ £
As at 1 September 2024 244,600 199,999 (84,872 )
Loss for the year and total comprehensive income - - (1,119 )
As at 31 August 2025 244,600 199,999 (85,991 )
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