Corinthian Sports Limited

	Page
Strategic Report	1—2
Directors' Report	3—4
Independent Auditor's Report	5—9
Profit and Loss Account	10
Statement of Comprehensive Income	11
Balance Sheet	12—13
Statement of Changes in Equity	14
Statement of Cash Flows	15
Notes to the Statement of Cash Flows	16
Notes to the Financial Statements	17—25

The directors present their strategic report for the year ended 31 August 2025.

Review of the Business

The Company operates within the events industry, providing event management and related services to a wide range of customers. The Company continues to focus on delivering high-quality events, strengthening customer relationships, and expanding its presence within the market.

During the year, the Company continued to invest in operational capabilities, service delivery, and business development activities in order to support future growth and enhance its competitive position within the events sector.

The Directors remain committed to building a sustainable and scalable business through operational excellence, strong client relationships, and continued market expansion.

The year ended 31 August 2025 represented a strong period of revenue growth for the Company as demand within the events industry remained positive and the business continued to secure additional projects and customers.

Turnover increased from £15.70m in 2024 to £19.33m in 2025, representing an increase of 23.1%. The increase reflects continued growth in trading activity and the Company’s ongoing strategy to strengthen its market presence and capture additional market share within the events sector.

Gross profit for the year amounted to £3.41m compared with £3.52m in the previous year. Gross profit margin reduced from 22.4% in 2024 to 17.7% in 2025, representing a decrease of 4.7 percentage points. The reduction in margin primarily reflects increased direct event delivery costs, supplier price increases, staffing cost inflation, and competitive pricing pressures experienced during the year.

Net profit for the year decreased from £385k in 2024 to £273k in 2025. Net profit margin reduced from 2.5% to 1.4%, representing a decrease of 1.1 percentage points. The Directors consider this reduction to be consistent with the Company’s continued investment in operational infrastructure and future growth opportunities.

The Company’s liquidity position strengthened significantly during the year, with cash at bank increasing from £252k to £899k, representing an increase of 256.8%. The improved cash position provides greater financial flexibility and supports the Company’s future operational and investment requirements.

Net current assets amounted to £5.43m at the year end compared with £5.90m in the previous year. The Directors remain satisfied with the overall working capital position of the Company and believe it remains financially stable and well positioned to support future growth.

Overall, the Directors are satisfied with the Company’s performance during the year, particularly the strong increase in turnover and strengthened cash position despite ongoing market and cost pressures.

The key performance indicators for the year are summarised below:

KPI 2025 2024

Turnover £19.33m £15.70m

Gross Profit Margin 17.7% 22.4%

Net Profit Margin 1.4% 2.5%

Cash at Bank £899k £252k

Net Current Assets £5.43m £5.90m

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Corinthian Sports Limited

Strategic Report (continued)

For The Year Ended 31 August 2025

Principal Risks and Uncertainties

The Company operates within a competitive and evolving market and is therefore exposed to a number of risks and uncertainties that could affect future performance.

Economic Conditions

Changes in economic conditions, inflationary pressures, and reductions in corporate or consumer spending may impact demand for events and related services.

Competitive Market Environment

The events sector remains highly competitive and may place pressure on pricing structures and profit margins. The Company seeks to maintain its competitive position through service quality, operational reliability, and strong customer relationships.

Supplier and Staffing Costs

Increases in venue hire costs, supplier pricing, logistics expenses, and staffing costs may continue to impact profitability and operating margins.

Operational Delivery Risks

Successful event delivery depends on effective project management, supplier coordination, staffing availability, and operational planning. Management continues to strengthen internal controls and operational processes to mitigate these risks.

Cash Flow and Liquidity

The timing of event-related expenditure and customer receipts requires careful working capital management. The Company continues to monitor cash flow closely and maintain appropriate liquidity levels.

Regulatory and Compliance Risks

The Company must continue to comply with health and safety regulations, employment legislation, and other legal and regulatory requirements relevant to the events industry.

On behalf of the board

Mr Mark Hoskins

Director

30/04/2026

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Corinthian Sports Limited

Company No. 07188545

Directors' Report For The Year Ended 31 August 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 August 2025.

Principal Activity

The principal activity of the company continued to be that of event management activities.

Directors

The directors who held office during the year were as follows:

Mr Mark Hoskins

Mr Gavin O'Callaghan

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Corinthian Sports Limited

Directors' Report (continued)

For The Year Ended 31 August 2025

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, Shaw Wallace, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr Mark Hoskins

Director

27/08/2026

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Independent Auditor's Report

to the Members of

Corinthian Sports Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Corinthian Sports Limited for the year ended 31 August 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

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Independent Auditor's Report (continued)

to the Members of

Corinthian Sports Limited

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Other Matter

The financial statements of Corinthian Sports Limited for the year ended 31 August 2024 were not subject to audit. Accordingly, the corresponding figures presented for comparison in these financial statements are unaudited, and we do not express an audit opinion on them.

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Independent Auditor's Report (continued)

to the Members of

Corinthian Sports Limited

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 3—4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

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Independent Auditor's Report (continued)

to the Members of

Corinthian Sports Limited

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the events sector. We focused on those laws and regulations that we considered may have a direct material effect on the financial statements or the operations of the company, including data protection legislation, anti-bribery legislation, employment legislation, and health and safety legislation.

We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur, by making enquiries of management as to where they considered there was susceptibility to fraud, and their knowledge of actual, suspected and alleged fraud.

To address the risk of fraud through management bias and override of controls, we:

• performed analytical procedures to identify any unusual or unexpected relationships;

• tested journal entries to identify unusual transactions;

• assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

• investigated the rationale behind any significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• agreeing financial statement disclosures to underlying supporting documentation;

• reading the minutes of meetings of those charged with governance;

• enquiring of management as to actual and potential litigation and claims; and

• considering the extent of compliance with the laws and regulations identified above through making enquiries and inspecting relevant correspondence.

There are inherent limitations in the audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of management and those charged with governance and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error, as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

Corinthian Sports Limited

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Hitesh Gadhia (Senior Statutory Auditor)

for and on behalf of Shaw Wallace , Statutory Auditor

27/08/2026

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Corinthian Sports Limited

Profit and Loss Account

For The Year Ended 31 August 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	19,329,640	15,702,609
Cost of sales		(15,915,200 )	(12,183,587 )

GROSS PROFIT		3,414,440	3,519,022

Administrative expenses		(3,031,414 )	(3,061,082 )

OPERATING PROFIT	4	383,026	457,940
Other interest receivable and similar income	9	5,604	23,188
Interest payable and similar charges	10	(24,761 )	(39,256 )

PROFIT BEFORE TAXATION		363,869	441,872
Tax on Profit	11	(90,836 )	(56,424 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		273,033	385,448

The notes on pages 16 to 25 form part of these financial statements.

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Corinthian Sports Limited

Statement of Comprehensive Income

For The Year Ended 31 August 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	273,033	385,448
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	273,033	385,448

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Corinthian Sports Limited

Balance Sheet

As At 31 August 2025

Balance Sheet

Registered number: 07188545

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		36,371		40,831

			36,371		40,831
CURRENT ASSETS
Debtors	13	8,454,201		8,128,205
Cash at bank and in hand		899,437		252,068

		9,353,638		8,380,273
Creditors: Amounts Falling Due Within One Year	14	(3,922,974 )		(2,478,712 )

NET CURRENT ASSETS (LIABILITIES)			5,430,664		5,901,561

TOTAL ASSETS LESS CURRENT LIABILITIES			5,467,035		5,942,392

Creditors: Amounts Falling Due After More Than One Year	15		(6,295,642 )		(7,044,032 )

NET LIABILITIES			(828,607 )		(1,101,640 )

CAPITAL AND RESERVES
Called up share capital	17		2		2
Profit and Loss Account			(828,609 )		(1,101,642 )

SHAREHOLDERS' FUNDS			(828,607)		(1,101,640)

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Corinthian Sports Limited

Balance Sheet (continued)

As At 31 August 2025

On behalf of the board

Mr Mark Hoskins

Director

27/08/2026

The notes on pages 16 to 25 form part of these financial statements.

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Corinthian Sports Limited

Statement of Changes in Equity

For The Year Ended 31 August 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 September 2023	2	(1,487,090 )	(1,487,088)
Profit for the year and total comprehensive income	-	385,448	385,448

As at 31 August 2024 and 1 September 2024	2	(1,101,642 )	(1,101,640)


Profit for the year and total comprehensive income	-	273,033	273,033

As at 31 August 2025	2	(828,609 )	(828,607)

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Corinthian Sports Limited

Statement of Cash Flows

For The Year Ended 31 August 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	1,017,923	5,587
Interest paid		(24,761 )	(39,256 )
Tax paid		(71,799 )	(62,146 )

Net cash generated from/(used in) operating activities		921,363	(95,815 )

Cash flows from investing activities
Purchase of tangible assets		(8,135 )	(15,265 )
Interest received		5,604	23,188

Net cash (used in)/generated from investing activities		(2,531 )	7,923

Cash flows from financing activities
Repayment of bank borrowings		(130,001 )	(130,000 )
Amount withdrawn by directors		(143,000)	(212,739)

Net cash used in financing activities		(273,001 )	(342,739 )



Increase/(decrease) in cash and cash equivalents		645,831	(430,631 )
Cash and cash equivalents at beginning of year	2	252,068	687,983
Foreign exchange gains/(losses) on cash and cash equivalents		1,538	(5,284 )

Cash and cash equivalents at end of year	2	899,437	252,068

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Corinthian Sports Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 August 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	273,033	385,448
Adjustments for:
Tax on profit	90,836	56,424
Interest expense	24,761	39,256
Interest income	(5,604 )	(23,188 )
Depreciation of tangible assets	12,595	13,880
Foreign exchange (gains)/losses	(1,538)	5,284
Movements in working capital:
Increase in trade and other debtors	(214,710 )	(2,504,060 )
Increase in trade and other creditors	838,550	2,032,543

Net cash generated from operations	1,017,923	5,587

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	899,437	252,068

3. Analysis of changes in net (debt)/funds

	As at 1 September 2024	Cash flows	As at 31 August 2025
	£	£	£
Cash at bank and in hand	252,068	647,369	899,437
Debts falling due within one year	(130,000 )	-	(130,000 )
Debts falling due after more than one year	(216,667)	130,001	(86,666)

	(94,599)	777,370	682,771

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Corinthian Sports Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Corinthian Sports Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07188545 . The registered office is 43 Manchester Street, London, W1U 7LP.

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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The company continues to grow and has a healthy deferred income and forecast cash reserves for the foreseeable future.

2.3. Significant judgements and estimations

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2.4. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will berecovered.

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Corinthian Sports Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. 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:

Leasehold	Over 5 years
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

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.

2.6. Leasing and Hire Purchase Contracts

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss

on a straight line basis over the term of the relevant lease except where another more systematic basis is

more representative of the time pattern in which economic benefits from the leases asset are consumed.

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.8. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

...CONTINUED

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Corinthian Sports Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.8. Financial Instruments - continued

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.9. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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 profit.

2.10. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Corinthian Sports Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.11. Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. Turnover

Analysis of turnover by class of business is as follows:

	2025	2024
	£	£
Event activities	19,329,640	15,702,609

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Bad debts	41,900	-
Depreciation of tangible fixed assets	12,595	13,880

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	10,000	-


Other Services
Other non-audit services	11,000	15,000

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Corinthian Sports Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	2,300,432	2,274,634
Social security costs	411,768	437,402
Other pension costs	232,915	235,304

	2,945,115	2,947,340

7. Average Number of Employees

Average number of employees, including directors, during the year was: 44 (2024: 55)

8. Directors' remuneration

	2025	2024
	£	£
Emoluments	485,172	477,603
Company contributions to money purchase pension schemes	180,000	180,000

	665,172	657,603

Information regarding the highest paid director was as follows:

	2025	2024
	£	£
Emoluments	242,586	238,801
Company contributions to defined benefit pension schemes	90,000	90,000

	332,586	328,801

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	5,604	23,188

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	24,761	39,256

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Corinthian Sports Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

11. Tax on Profit

The tax charge on the profit for the year was as follows:

	Tax Rate		2025	2024
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	10,859	-
Deferred Tax
Deferred taxation			79,977	56,424


Total tax charge for the period			90,836	56,424

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

	2025	2024
	£	£
Profit before tax	363,869	441,872

Tax on profit at 25% (UK standard rate)	90,967	110,468
Goodwill/depreciation not allowed for tax	11,609	45,377
Tax losses utilised	(79,688 )	(152,029 )
Capital allowances	(2,034 )	(3,816 )
Short term timing differences	79,977	56,424
Difference in tax rates	(2,923 )	-
Group relief	(7,072 )	-

Total tax charge for the period	90,836	56,424

12. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 September 2024	31,339	185,057	216,396
Additions	-	8,135	8,135

As at 31 August 2025	31,339	193,192	224,531

...CONTINUED

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Corinthian Sports Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Depreciation
As at 1 September 2024	30,330	145,235	175,565
Provided during the period	606	11,989	12,595

As at 31 August 2025	30,936	157,224	188,160

Net Book Value
As at 31 August 2025	403	35,968	36,371

As at 1 September 2024	1,009	39,822	40,831

13. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,355,324	1,450,471
Amounts owed by group undertakings	712,823	733,770
Other debtors	1,746,416	1,869,260

	3,814,563	4,053,501
Due after more than one year
Other debtors	4,639,638	4,074,704

	8,454,201	8,128,205

14. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,026,846	1,633,876
Bank loans and overdrafts	130,000	130,000
Other creditors	127,899	96,015
Corporation tax	58,033	70,710
Taxation and social security	422,673	467,184
Accruals and deferred income	157,523	80,927

	3,922,974	2,478,712

Obligations under finance lease and hire purchase contracts are secured in the assets to which they relate.

The bank loan relates to the Coronavirus Business Interruption Loan Scheme and repayments commence 13 months after the date the loan was drawn. The loan is secured by charges over the assets of the company.

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Corinthian Sports Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

15. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	86,666	216,667
Accruals and deferred income	6,208,976	6,827,365

	6,295,642	7,044,032

The bank loan pertains to the Coronavirus Business Interruption Loan Scheme and is scheduled for repayment by April 2027. It is secured by charges over the company's assets.

16. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	130,000	130,000

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	86,666	216,667

17. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1.00 each	2	2

18. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	180,564	3,024
Later than one year and not later than five years	176,928	-

	357,492	3,024

Operating lease commitments relate to the company’s rented premises, which are held under non‑cancellable operating lease agreements.

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Corinthian Sports Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

19. Pension Commitments

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.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £232,915 (2024: £235,304).

At the balance sheet date contributions of £16,925 (2024: £10,682) were due to the fund and are included in creditors.

20. Directors Advances, Credits and Guarantees

As at 31 August 2025, the directors owed the company £819,883 (2024: £676,884) in respect of their overdrawn loan accounts

	As at 1 September 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 August 2025
	£	£	£	£	£
Mr Mark Hoskins	400,050	103,000	-	-	503,050
Mr Gavin O'Callaghan	276,833	40,000	-	-	316,833

The above loan is unsecured, interest free and repayable on demand.

21. Controlling Parties

The company is a 100% subsidiary of Corinthian (London) Holdings Limited. The parent company's

principal place of business is 56 Buckingham Gate, London, SW1E 6AE. The parent company prepares consolidated accounts that include this company which are available from the registered office.

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