Professional Squash Association

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

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

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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.

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)

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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

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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.

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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.

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