Sporting Capital Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10673757

Sporting Capital Limited

Filleted Financial Statements

31 December 2025

Sporting Capital Limited

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Investments	4	309,915	802,661

Current assets

Debtors	5	13,562	228
Cash at bank and in hand		89,046	206,478
		---------	---------
		102,608	206,706

Creditors: amounts falling due within one year	6	420,042	99,851
		---------	---------
Net current (liabilities)/assets		( 317,434)	106,855
		---------	---------
Total assets less current liabilities		( 7,519)	909,516

Creditors: amounts falling due after more than one year	7	–	873,380
		-------	---------
Net (liabilities)/assets		( 7,519)	36,136
		-------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 7,520)	36,135
	-------	--------
Shareholders (deficit)/funds	( 7,519)	36,136
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 23 July 2026 , and are signed on behalf of the board by:

Mr R. Speak
Director

Company registration number: 10673757

Sporting Capital Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office and principal place of business is W106 Vox Studios, 1-45 Durham Street, London, SE11 5JH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

Revenue recognition

Revenue from arrangement fees and from The National Lottery Community Fund to cover operational costs are recognised in line with the underlying agreements in place and are therefore recognised when they are receivable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Investments

	Other loans
	£
Cost
At 1 January 2025	963,660
Disposals	( 435,563)
	---------
At 31 December 2025	528,097
	---------
Impairment
At 1 January 2025	160,999
Impairment losses	57,183
	---------
At 31 December 2025	218,182
	---------

Carrying amount
At 31 December 2025	309,915
	---------
At 31 December 2024	802,661
	---------

5. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	300	–
Other debtors	13,262	228
	--------	----
	13,562	228
	--------	----

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	49,304
Corporation tax	–	13,188
Other creditors	420,042	37,359
	---------	--------
	420,042	99,851
	---------	--------

Included within Other Creditors are repayable grants of £408,926 (2024 - £862,337 creditors due after more than one year). The grants are Restricted Funds received from The National Lottery Community Fund for The Growth Fund scheme. The Growth Fund is a £50m partnership which uses a combination of grant funding, made possible thanks to National Lottery players, and loan finance from Big Society Capital and other co-investors, to address specific gaps in the social investment market. The programme is delivered by Access through a range of social investors. Funds from The National Lottery Community Fund, under the Growth Fund programme have been treated as restricted funds, in these accounts.

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	–	873,380
	----	---------

8. Summary audit opinion

As the Income statement has been omitted from the filing copy of the financial statements the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditors report was unqualified.

The senior statutory auditor was Nicolas Michael FCA .

The auditor was Charlton Baker (Bristol) Limited .

The audit report was dated 23/07/2026 .

9. Controlling party

The immediate parent company of Sporting Capital Limited is Sporting Assets Ltd. The parent company's registered office is W106 Vox Studios, 1-45 Durham Street, London, SE11 5JH