Martin Nugent Elite Performance Athlete - Accounts to registrar (filleted)

REGISTERED NUMBER: 11007950 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

MARTIN NUGENT ELITE PERFORMANCE ATHLETE

DEVELOPMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Martin Nugent

Paul Smith

REGISTERED OFFICE:

Cherry Tree Cottage

Hepple

Morpeth

United Kingdom

NE65 7LH

REGISTERED NUMBER:

11007950 (England and Wales)

ACCOUNTANTS:

SRG Newmans Limited

Five Ways

57-59 Hatfield Road

Potters Bar

Hertfordshire

EN6 1HS

FIXED ASSETS

Tangible assets

4

26,906

33,300

CURRENT ASSETS

Debtors

5

31,247

27,254

Cash at bank

50,584

51,471

81,831

78,725

CREDITORS

Amounts falling due within one year

6

22,721

21,363

NET CURRENT ASSETS

59,110

57,362

TOTAL ASSETS LESS CURRENT
LIABILITIES

86,016

90,662

CREDITORS

Amounts falling due after more than one
year

7

(72,451

)

(75,825

)

PROVISIONS FOR LIABILITIES

(151

)

(5,030

)

NET ASSETS

13,414

9,807

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

13,314

9,707

SHAREHOLDERS' FUNDS

13,414

9,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 July 2026 and were signed on its behalf by:

Paul Smith - Director

1.	STATUTORY INFORMATION

Martin Nugent Elite Performance Athlete Development Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 November 2024

102,707

18,212

1,988

122,907

Additions

1,390

-

666

2,056

At 31 October 2025

104,097

18,212

2,654

124,963

DEPRECIATION

At 1 November 2024

74,557

13,892

1,158

89,607

Charge for year

6,732

1,080

638

8,450

At 31 October 2025

81,289

14,972

1,796

98,057

NET BOOK VALUE

At 31 October 2025

22,808

3,240

858

26,906

At 31 October 2024

28,150

4,320

830

33,300

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

-

20,168

Other debtors

1,117

Accrued income

30,130

5,969

31,247

27,254

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

3,333

Social security and other taxes

2,042

1,324

VAT

7,603

6,231

Other creditors

2,329

2,016

Directors' current accounts

5,025

5,737

Accrued expenses

2,389

2,722

22,721

21,363

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans - 1-2 years

13,611

16,985

Directors' loan accounts

58,840

72,451

75,825

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Between one and five years

8,431

12,598

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

100

Share capital 1

o1

100

10.

RESERVES

Retained

earnings

£

At 1 November 2024

9,707

Profit for the year

3,607

At 31 October 2025

13,314

11.	RELATED PARTY DISCLOSURES

Directors transactions

Included within creditors due within one year are interest free unsecured loans with no fixed repayment date which have been provided by the directors of the company. The balance on these loans at 31st October 2025 is £5,025 (2024 - £5,025).

Included within creditors due to after more than one year is an interest free unsecured loans with no fixed repayment date which have been provided by the directors of the company. The balance on this loans at 31st October 2025 is £58,840 (2024 - £58,840).