PINNACLE SPORTS AND ENTERTAINMENT LIMITED


Directors	KENNEDY, Simon Mark
	KENNEDY, Suzanne Louise


Registered Address	20 Market Street
	Altrincham
	WA14 1PF


Registered Number	08851128 (England and Wales)

Statement of Financial Position
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		9,670		12,024
			9,670		12,024
Current assets
Debtors	4	1,894,881		1,926,323
Cash at bank and on hand		326,838		843,426
		2,221,719		2,769,749
Creditors amounts falling due within one year	5	(81,024)		(93,725)
Net current assets (liabilities)			2,140,695		2,676,024
Total assets less current liabilities			2,150,365		2,688,048
Net assets			2,150,365		2,688,048
Capital and reserves
Called up share capital			1		1
Profit and loss account			2,150,364		2,688,047
Shareholders' funds			2,150,365		2,688,048

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 25 August 2026, and are signed on its behalf by:

KENNEDY, Simon Mark
Director
Registered Company No. 08851128

PINNACLE SPORTS AND ENTERTAINMENT LIMITED

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After making enquiries the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	3
	Office Equipment	3

	Finance leases and hire purchase contracts
	Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		2

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 July 24	76,991	76,991
Additions	10,030	10,030
Disposals	(10,500)	(10,500)
At 30 June 25	76,521	76,521
Depreciation and impairment
At 01 July 24	64,967	64,967
Charge for year	8,884	8,884
On disposals	(7,000)	(7,000)
At 30 June 25	66,851	66,851
Net book value
At 30 June 25	9,670	9,670
At 30 June 24	12,024	12,024

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	13,010	219,721
Amounts owed by associates and joint ventures / participating interests	1,849,248	1,669,547
Other debtors	29,340	32,236
Prepayments and accrued income	3,283	4,819
Total	1,894,881	1,926,323

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	50,664	73,479
Amounts owed to related parties	26,801	13,880
Taxation and social security	-	1,203
Accrued liabilities and deferred income	3,559	5,163
Total	81,024	93,725

6.	Other commitments
	Operating leases - total of future minimum lease payments is as follows: Not later than one year £12,000 (2024 - £18,441) Later than one year and not later than five years £0 (2024 - £0) The amount of non-cancellable operating lease payments recognised as an expense during the year was £84,316 (2024 - £85,004).

7.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
KENNEDY, Simon Mark	32	152,407	139,487	12,952
KENNEDY, Suzanne Louise	13,848	0	0	13,848
	13,880	152,407	139,487	26,800


	During the year the company had the following transactions with the directors, S M Kennedy and S L Kennedy.

8.	Related party transactions
	During the year the company had the following transactions with companies in which the directors have a material interest. Company 1 Brought forward £1,412,868 Amount advanced £33,858 Amount repaid £67,000 Carried forward £1,379,726 Company 2 Brought forward £11,738 Amount advanced £0 Amount repaid £11738 Carried forward £0 Company 3 Brought forward £244,940 Amount advanced £217,082 Amount repaid £0 Carried forward £462,022 Company 4 Brought forward £0 Amount advanced £7,500 Amount repaid £0 Carried forward £7,500 All of the loans below were repayable on demand and unsecured. Market rate interest was used where necessary.

Related party transactions

During the year the company had the following transactions with companies in which the directors have a material interest.

Company 1 
Brought forward £1,412,868
Amount advanced £33,858
Amount repaid £67,000
Carried forward £1,379,726

Company 2 
Brought forward £11,738
Amount advanced £0
Amount repaid £11738
Carried forward £0

Company 3 
Brought forward £244,940
Amount advanced £217,082
Amount repaid £0
Carried forward £462,022

Company 4
Brought forward £0
Amount advanced £7,500
Amount repaid £0
Carried forward £7,500

All of the loans below were repayable on demand and unsecured. Market rate interest was used where necessary.