Acorah Software Products - Accounts Production 19.3.600 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 02748136 Jenny Denyer John Nimick Ashley Bernhard Mohamed ElShorbagy Amanda Sobhy Ziad Al Turki Ahmad Bassam Victor Crouin Olivia Weaver Tommy Berden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02748136 2024-12-31 02748136 2025-12-31 02748136 2025-01-01 2025-12-31 02748136 frs-core:CurrentFinancialInstruments 2025-12-31 02748136 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 02748136 frs-core:FurnitureFittings 2025-12-31 02748136 frs-core:FurnitureFittings 2025-01-01 2025-12-31 02748136 frs-core:FurnitureFittings 2024-12-31 02748136 frs-core:OtherResidualIntangibleAssets 2025-12-31 02748136 frs-core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 02748136 frs-core:OtherResidualIntangibleAssets 2024-12-31 02748136 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 02748136 frs-bus:CompanyLimitedByGuarantee 2025-01-01 2025-12-31 02748136 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 02748136 frs-bus:SmallEntities 2025-01-01 2025-12-31 02748136 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 02748136 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 02748136 frs-core:UnlistedNon-exchangeTraded 2025-12-31 02748136 frs-core:UnlistedNon-exchangeTraded 2024-12-31 02748136 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 02748136 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 02748136 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-12-31 02748136 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 02748136 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 02748136 frs-bus:Director1 2025-01-01 2025-12-31 02748136 frs-bus:Director2 2025-01-01 2025-12-31 02748136 frs-bus:Director3 2025-01-01 2025-12-31 02748136 frs-bus:Director4 2025-01-01 2025-12-31 02748136 frs-bus:Director5 2025-01-01 2025-12-31 02748136 frs-bus:Director6 2025-01-01 2025-12-31 02748136 frs-bus:Director7 2025-01-01 2025-12-31 02748136 frs-bus:Director8 2025-01-01 2025-12-31 02748136 frs-bus:Director9 2025-01-01 2025-12-31 02748136 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 02748136 frs-core:CurrentFinancialInstruments 1 2025-12-31 02748136 frs-core:CurrentFinancialInstruments 4 2025-12-31 02748136 frs-countries:EnglandWales 2025-01-01 2025-12-31 02748136 2023-12-31 02748136 2024-12-31 02748136 2024-01-01 2024-12-31 02748136 frs-core:CurrentFinancialInstruments 2024-12-31 02748136 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02748136 frs-core:CurrentFinancialInstruments 1 2024-12-31 02748136 frs-core:CurrentFinancialInstruments 4 2024-12-31
Registered number: 02748136
Professional Squash Association
Unaudited Financial Statements
For The Year Ended 31 December 2025
Professional Squash Association
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—6

Page 1
Professional Squash Association
Statement of Financial Position
As At 31 December 2025
Statement of Financial Position
Registered number: 02748136

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 46,223 |  | 60,052
Tangible Assets | 5 |  | 55,829 |  | 68,583
Investments | 6 |  | 2,707,685 |  | 229,898
|  |  | 2,809,737 |  | 358,533
CURRENT ASSETS
Debtors | 7 | 1,359,889 |  | 1,822,557 |
Cash at bank and in hand |  | 244,369 |  | 407,453 |
|  | 1,604,258 |  | 2,230,010 |
Creditors: Amounts Falling Due Within One Year | 8 | (2,156,894 ) |  | (1,760,698 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (552,636 ) |  | 469,312
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,257,101 |  | 827,845
NET ASSETS |  |  | 2,257,101 |  | 827,845
Income Statement |  |  | 2,257,101 |  | 827,845
MEMBERS' FUNDS |  |  | 2,257,101 |  | 827,845

Page 1
Page 2
Professional Squash Association
Statement of Financial Position (continued)
As At 31 December 2025
For the year ending 31 December 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 Income Statement.
On behalf of the board

Ziad Al Turki Director
05/08/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Professional Squash Association
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Professional Squash Association is a private company, limited by guarantee, incorporated in England & Wales, registered number 02748136 . The registered office is Top Floor West, 46 The Calls, Leeds, LS2 7EY.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets represents website development expenditure which is capitalised as it will generate income for the business in future periods.
The capitalised expenditure is amortised to the Income Statement over its estimated economic life of ten years.
2.4. 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:

Fixtures & Fittings | 20% on a reducing balance basis

2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
2.6. Taxation
Income tax expense represents tax currently payable.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years 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.
2.7. Investments in subsidiaries and associates
During the year, the company changed its accounting policy for valuing investments in subsidiaries from cost to fair value.
Due to a sale of a minority shareholding in a subsidiary in October 2025, the directors believe this provides a more accurate view of the company position.
The change has been applied retrospectively, however as the fair value has been derived from a share sale in October 2025, the directors believe the fair value of investments in subsidiaries at 31 December 2024 to be equal to cost.
Investments in associates and unlisted companies are stated at fair value in the financial statements of the company .
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2024: 14)
16 14
Page 3
Page 4
Professional Squash Association
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 January 2025 | 257,815
Additions | 50,000
As at 31 December 2025 | 307,815
Amortisation
As at 1 January 2025 | 197,763
Provided during the period | 63,829
As at 31 December 2025 | 261,592
Net Book Value
As at 31 December 2025 | 46,223
As at 1 January 2025 | 60,052

5. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 1 January 2025 | 185,646
Additions | 6,301
As at 31 December 2025 | 191,947
Depreciation
As at 1 January 2025 | 117,063
Provided during the period | 19,055
As at 31 December 2025 | 136,118
Net Book Value
As at 31 December 2025 | 55,829
As at 1 January 2025 | 68,583

6. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 January 2025 | 229,898
Fair value adjustments | 2,477,787
As at 31 December 2025 | 2,707,685
Provision
As at 1 January 2025 | -
As at 31 December 2025 | -

...CONTINUED
Page 4
Page 5
Professional Squash Association
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025 | 2,707,685
As at 1 January 2025 | 229,898

The net book value of unlisted investments as at 31 December 2024 of £2,708,685 comprises the cost of investments of
£95,914 plus revaluations of £73,408 in 2021, £61,576 in 2023 and £2,477,787 in 2025.
In line with the company’s accounting policies on unlisted investments, the directors believe the current valuation accurately reflects their fair value at 31 December 2025.
7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 31,612 |  | 100,476
Prepayments and accrued income | 32,395 |  | 61,224
Other debtors | 116,335 |  | 331,467
Amounts owed by group undertakings | 1,179,547 |  | 1,329,390
| 1,359,889 |  | 1,822,557

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 240,492 |  | 120,918
Deferred Membership Income | 260,660 |  | 222,581
Deferred Tournament Income | 93,186 |  | 60,366
Other creditors due | 1,562,556 |  | 1,356,833
| 2,156,894 |  | 1,760,698

9. Related Party Transactions
At the year end, the Professional Squash Association was due £20,000 (2024: £20,000) from Learn from a Legend Limited, a trading subsidiary of Learn from a Legend (2021) Limited, in which it held 10% of the ordinary share capital.
Squash Media & Marketing Limited
At the year end, Squash Media & Marketing Limited owed the Professional Squash Association £1,180,104 (2024: £1,329,390) and was subject to net recharges of £1,094,102 from the Professional Squash Association during the year (2024: £1,256,708).
The Professional Squash Association is related to Squash Media & Marketing Limited by virtue of its control.
Professional Squash Association Foundation
The Professional Squash Association incurred costs of £150,000 (2024: £150,000) in relation to aligned objectives of the Professional Squash Association Foundation.
At the year end, the company owed the Professional Squash Association Foundation £39,193 (2024: £61,998).
The Professional Squash Association is related to the Professional Squash Association Foundation by virtue of its control.
10. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 5
Page 6
Professional Squash Association
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
11. Audit Information
The auditor's report on the accounts of Professional Squash Association for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Statutory Auditor.
Page 6