Company Registration No. 12292799 (England and Wales)
Affinity Sports Academy Limited
Unaudited accounts
for the year ended 31 December 2025
Affinity Sports Academy Limited
Unaudited accounts
Contents
Affinity Sports Academy Limited
Company Information
for the year ended 31 December 2025
Company Number
12292799 (England and Wales)
Registered Office
West Meadow Farm
123 Main Road
Smalley
DE7 6DT
United Kingdom
Accountants
ILOS Accounts Ltd
1 Countess Grove
Chellaston
Derby
Derby
Derbyshire
DE73 5WS
Affinity Sports Academy Limited
Statement of financial position
as at 31 December 2025
Tangible assets
200,672
242,553
Cash at bank and in hand
730
6,599
Creditors: amounts falling due within one year
(298,511)
(356,296)
Net current liabilities
(196,490)
(319,441)
Total assets less current liabilities
4,182
(76,888)
Creditors: amounts falling due after more than one year
(32,661)
(66,775)
Net liabilities
(28,479)
(143,663)
Called up share capital
100
100
Capital contribution reserve
6,724
15,927
Profit and loss account
(35,303)
(159,690)
Shareholders' funds
(28,479)
(143,663)
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2026 and were signed on its behalf by
Leon Haslam
Director
Company Registration No. 12292799
Affinity Sports Academy Limited
Notes to the Accounts
for the year ended 31 December 2025
Affinity Sports Academy Limited is a private company, limited by shares, registered in England and Wales, registration number 12292799. The registered office is West Meadow Farm, 123 Main Road, Smalley, DE7 6DT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The financial statements have been prepared on a going concern basis.
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and is recognised at the point in time when the sale is provided.
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it's probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that they are expected to apply to the reversal of the timing differences.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
10% straight line
Fixtures & fittings
10% straight line
Affinity Sports Academy Limited
Notes to the Accounts
for the year ended 31 December 2025
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price.
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement to of the liability for at least twelve months after the reporting date.
Ordinary shares are classified as equity. Equity instruments are measured at fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis,
Affinity Sports Academy Limited
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
30,986
325,994
1,405
358,385
Additions
507
4,708
-
5,215
Disposals
-
(13,589)
-
(13,589)
At 31 December 2025
31,493
317,113
1,405
350,011
At 1 January 2025
20,469
94,776
587
115,832
Charge for the year
4,370
31,393
140
35,903
On disposals
-
(2,396)
-
(2,396)
At 31 December 2025
24,839
123,773
727
149,339
At 31 December 2025
6,654
193,340
678
200,672
At 31 December 2024
10,517
231,218
818
242,553
Amounts falling due within one year
Trade debtors
37,150
8,486
Accrued income and prepayments
9,734
9,472
Other debtors
54,407
12,298
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
21,656
36,338
Trade creditors
85,992
165,951
Taxes and social security
1,421
1,576
Other creditors
81,228
90,312
Loans from directors
9,416
6,009
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Creditors: amounts falling due after more than one year
2025
2024
Other creditors
30,873
57,887
Affinity Sports Academy Limited
Notes to the Accounts
for the year ended 31 December 2025
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Included within other creditors are the following balances, in respect of companies which are related by virtue of common ownership and directorship :
At the year end an amount of £31,203 (2024 - £58,810) was owed to Leon Haslam Limited. This loan was interest free and is due for repayment after more than 1 year. As such this loan has been discounted to reflect present value. Impairment has been transferred to equity and is to be unwound to the profit and loss account, each year, over the full term of the loan.
At the year end £10,500 (2024 - £6,000) was owed by Leon Haslam Properties Limited.
At the year end £38,042 (2024 - £5,984) was owed by Rokit Haslam Racing Limited.
At the year end, an amount of £34,996 (2024 - £50,370) was owed to Ron Haslam Racing Academy Limited.
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Average number of employees
During the year the average number of employees was 4 (2024: 2).