COMPANY REGISTRATION NUMBER:
16175463
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Artificial Grass Pitch Investments Limited |
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Filleted Financial Statements |
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Artificial Grass Pitch Investments Limited |
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Statement of Financial Position |
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31 March 2026
Fixed assets
Current assets
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Debtors |
5 |
1 |
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Cash at bank and in hand |
188,146 |
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--------- |
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188,147 |
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|
|
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Creditors: amounts falling due within one year |
6 |
74,696 |
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--------- |
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Net current assets |
113,451 |
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--------- |
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Total assets less current liabilities |
401,722 |
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Creditors: amounts falling due after more than one year |
7 |
401,721 |
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--------- |
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Net assets |
1 |
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--------- |
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Capital and reserves
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Called up share capital |
1 |
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---- |
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Shareholders funds |
1 |
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---- |
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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 comprehensive income has not been delivered.
The directors acknowledge their 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:
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Richard John Speak |
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Director |
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Company registration number:
16175463
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Artificial Grass Pitch Investments Limited |
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Notes to the Financial Statements |
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Year ended 31 March 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is W106 Vox Studios, 1-45 Durham Street, London, SE11 5JH, United Kingdom.
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 and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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
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Other loans |
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£ |
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Cost |
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At 1 April 2025 |
290,000 |
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Disposals |
(
1,729) |
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--------- |
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At 31 March 2026 |
288,271 |
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--------- |
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Impairment |
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At 1 April 2025 and 31 March 2026 |
– |
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--------- |
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Carrying amount |
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At 31 March 2026 |
288,271 |
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--------- |
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5.
Debtors
|
2026 |
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£ |
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Other debtors |
1 |
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---- |
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6.
Creditors:
amounts falling due within one year
|
2026 |
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£ |
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Other creditors |
74,696 |
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-------- |
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7.
Creditors:
amounts falling due after more than one year
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2026 |
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£ |
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Bank loans and overdrafts |
250,000 |
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Other creditors |
151,721 |
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--------- |
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401,721 |
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--------- |
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Included within creditors: amounts falling due after more than one year is an amount of £250,000 in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
The above liability represents unsecured loan notes at minimum rate of 4%.
8.
Summary audit opinion
The auditor's report dated
23 July 2026
was
unqualified
.
The senior statutory auditor was
Nick Michael
, for and on behalf of
Charlton Baker (Bristol) Ltd
.
9.
Related party transactions
Management fees of £70,000 and recharges of various services at cost amounting to £14,505 were payable to Sporting Assets Limited,a company in which R Speak is a director,under a service level agreement.