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Company No: 09103498 (England and Wales)

# J5 SPORTS LTD

### Unaudited Financial Statements
For the financial year ended 30 November 2025
Pages for filing with the registrar

J5 SPORTS LTD

## Unaudited Financial Statements

For the financial year ended 30 November 2025

Contents

J5 SPORTS LTD

## COMPANY INFORMATION

For the financial year ended 30 November 2025
J5 SPORTS LTD

## COMPANY INFORMATION (continued)

For the financial year ended 30 November 2025

Directors | K Singh (Appointed 04 November 2025)
| P Singh (Resigned 04 November 2025)

Registered office | Innovation House Innovation Way
| Discovery Park
| Sandwich
| CT13 9FF
| United Kingdom

Company number | 09103498 (England and Wales)

Accountant | Kreston Reeves LLP
| Suite 2
| Orchard House
| Orchard Street
| Canterbury
| Kent
| CT2 8AR

## ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF J5 SPORTS LTD

For the financial year ended 30 November 2025

## ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF J5 SPORTS LTD (continued)

For the financial year ended 30 November 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J5 Sports Ltd for the financial year ended 30 November 2025 which comprise the Balance Sheet and the related notes 1 to 11 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

This report is made solely to the Director of J5 Sports Ltd, as a body, in accordance with the terms of our engagement letter dated 12 January 2023. Our work has been undertaken solely to prepare for your approval the financial statements of J5 Sports Ltd and state those matters that we have agreed to state to the director of J5 Sports Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J5 Sports Ltd and its Director as a body for our work or for this report.

It is your duty to ensure that J5 Sports Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J5 Sports Ltd. You consider that J5 Sports Ltd is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of J5 Sports Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kreston Reeves LLP

Suite 2
Orchard House
Orchard Street
Canterbury
Kent
CT2 8AR

24 June 2026

J5 SPORTS LTD

## BALANCE SHEET

As at 30 November 2025
J5 SPORTS LTD

## BALANCE SHEET (continued)

As at 30 November 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 47,942 |  | 61,205
|  | 47,942 |  | 61,205
Current assets |  |  |  |
Debtors | 4 | 78,575 |  | 49,310
Cash at bank and in hand |  | 14,352 |  | 18,884
|  | 92,927 |  | 68,194
Creditors: amounts falling due within one year | 5 | ( 266,543) |  | ( 326,988)
Net current liabilities |  | (173,616) |  | (258,794)
Total assets less current liabilities |  | (125,674) |  | (197,589)
Creditors: amounts falling due after more than one year | 6 | 0 |  | ( 7,500)
Net liabilities |  | ( 125,674) |  | ( 205,089)
Capital and reserves |  |  |  |
Called-up share capital | 7 | 100 |  | 100
Profit and loss account |  | ( 125,774 ) |  | ( 205,189 )
Total shareholder's deficit |  | ( 125,674) |  | ( 205,089)

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 J5 Sports Ltd (registered number: 09103498) were approved and authorised for issue by the Director on 24 June 2026. They were signed on its behalf by:

K Singh Director |

J5 SPORTS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025
J5 SPORTS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025

##### 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 year, unless otherwise stated.

##### General information and basis of accounting

J5 Sports Ltd (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 Innovation House Innovation Way, Discovery Park, Sandwich, CT13 9FF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include 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 £.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### 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 Balance Sheet date.

##### 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:

Plant and machinery | 20 % reducing balance
Fixtures and fittings | 20 % reducing balance
Office equipment | 20 % reducing balance

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.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 18 |  | 21

#### 3. Tangible assets

| Plant and machinery |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 December 2024 | 9,231 |  | 494,447 |  | 735 |  | 504,413
Additions | 1,175 |  | 0 |  | 0 |  | 1,175
Disposals | ( 6,615) |  | ( 600) |  | 0 |  | ( 7,215)
At 30 November 2025 | 3,791 |  | 493,847 |  | 735 |  | 498,373
Accumulated depreciation |  |  |  |  |  |  |
At 01 December 2024 | 6,305 |  | 436,485 |  | 418 |  | 443,208
Charge for the financial year | 149 |  | 11,579 |  | 64 |  | 11,792
Disposals | ( 4,035) |  | ( 534) |  | 0 |  | ( 4,569)
At 30 November 2025 | 2,419 |  | 447,530 |  | 482 |  | 450,431
Net book value |  |  |  |  |  |  |
At 30 November 2025 | 1,372 |  | 46,317 |  | 253 |  | 47,942
At 30 November 2024 | 2,926 |  | 57,962 |  | 317 |  | 61,205

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 15,909 |  | 19,887
Other debtors | 62,666 |  | 29,423
| 78,575 |  | 49,310

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 8,044 |  | 10,000
Trade creditors | 73,574 |  | 115,125
Amounts owed to Group undertakings (note 9) | 75,104 |  | 70,989
Accruals | 72,452 |  | 76,248
Corporation tax | 12,401 |  | 27,401
Other taxation and social security | 24,580 |  | 27,225
Other creditors | 388 |  | 0
| 266,543 |  | 326,988

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 7,500

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 8. Financial commitments

Pensions

The Company operates a defined contribution pension 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 £2,232 (2024: £1,433). Contributions totalling £388 (2024: £nil) were payable to the fund at the balance sheet date and are included within creditors.

#### 9. Related party transactions

All related party transactions during the current and prior periods, including key management personnel compensation, were made under normal market conditions

#### 10. Commitments under operating leases

At 30 November 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

| 2025 |  | 2024
| £ |  | £
Not later than 1 year | 123,746 |  | 123,746
Later than 1 year and not later than 5 years | 494,985 |  | 494,985
Later than 5 years | 1,185,902 |  | 72,185
| 1,804,633 |  | 690,916

#### 11. Ultimate controlling party

The company is a wholly owned subsidiary of CG Gymco Ltd, a company incorporated in England and Wales.
The director considers there to be no ultimate controlling party.