ACCOUNTS - Final Accounts preparation

Registered number: 13648603

JEM SPORT AND ENTERTAINMENT GROUP LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

JEM SPORT AND ENTERTAINMENT GROUP LTD

REGISTERED NUMBER: 13648603

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	21,989		26,610
Cash at bank and in hand	5	13,711		32,161
		35,700		58,771
Creditors: amounts falling due within one year	6	(114,539)		(103,393)
Net current liabilities			(78,839)		(44,622)
Total assets less current liabilities			(78,839)		(44,622)

Net liabilities			(78,839)		(44,622)

Capital and reserves
Called up share capital	8	95	95
Capital redemption reserve	9	5	5
Profit and loss account		(78,939)	(44,722)
		(78,839)	(44,622)

JEM SPORT AND ENTERTAINMENT GROUP LTD

REGISTERED NUMBER: 13648603

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

C L Balsam

Director

Date: 10 June 2026

The notes on pages 3 to 8 form part of these financial statements.

JEM SPORT AND ENTERTAINMENT GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

JEM Sport and Entertainment Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 13648603. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of sports management.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements of the Companies Act 2006. 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.

2.2

Going concern

On the basis of information and enquiries that are pertinent to the company’s circumstances and which the directors believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular the directors believe that adequate cash resources will be made available to cover the company’s requirements for working capital for at least twelve months from the date of signing the financial statements and confirm that it continues to receive support from its directors.

2.3

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in the profit and loss account.

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from sports management activities is recognised when it is probable that the company will receive the rights to the consideration due under the contract.

Commission income is recognised when received net of all associated costs.

JEM SPORT AND ENTERTAINMENT GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

JEM SPORT AND ENTERTAINMENT GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

JEM SPORT AND ENTERTAINMENT GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.11

Financial instruments

The company enters into basic financial instrument transactions which result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loan with related parties.

Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).

Debtors

					2025	2024
					£	£


Trade debtors	21,884	20,315
Prepayments and accrued income	105	6,246
Deferred taxation	-	49
	21,989	26,610

5.	Cash
		2025	2024
		£	£

	Cash at bank and in hand	13,711	32,161

6.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Trade creditors	4,326	-
Other taxation and social security	9,360	7,231
Other creditors	98,353	92,663
Accruals	2,500	3,499
	114,539	103,393

JEM SPORT AND ENTERTAINMENT GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

7.	Deferred taxation

		2025
		£

	At beginning of year	49
	Charged to profit or loss	(49)
	At end of year	-

The deferred tax asset is made up as follows:
	2025	2024
	£	£

	Fixed asset timing differences	-	49
		-	49

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

850 (2024 - 850) ordinary A shares of £0.10 each	85	85
100 (2024 - 100) ordinary B shares of £0.10 each	10	10

	95	95

Reserves

Capital redemption reserve

The capital redemption reserve is a non-distributable reserve created when the company redeems or purchases its own shares out of distributable profits, representing the nominal value of the shares redeemed.

10.	Pension commitments

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,151 (2024 - £1,426). Included in other creditors at the year end there is an amount payable of £226 (2024 - £197).

JEM SPORT AND ENTERTAINMENT GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

11.	Transactions with directors

As at the year end, the company owed £15,000 (2024 - £15,000) to the directors. The loan is unsecured, interest free and repayable on demand.

12.	Post balance sheet events

Post year end date, 170 Ordinary A shares of £0.10 each have been re-designated as 170 Ordinary E shares of £0.10 each.