ACCOUNTS - Final Accounts preparation

Registered number: 12426007

OBELISK SPORTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

OBELISK SPORTS LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 7

OBELISK SPORTS LIMITED

REGISTERED NUMBER: 12426007

BALANCE SHEET

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		2,351		2,937
			2,351		2,937
Current assets
Debtors: amounts falling due within one year	5	2,142		10,780
Cash at bank and in hand	6	4,796		2,940
		6,938		13,720
Creditors: amounts falling due within one year	7	(127,790)		(94,706)
Net current liabilities			(120,852)		(80,986)
Total assets less current liabilities			(118,501)		(78,049)
Creditors: amounts falling due after more than one year	8		(21,576)		(21,500)
Provisions for liabilities
Deferred tax	9	(588)		(792)
			(588)		(792)
Net liabilities			(140,665)		(100,341)

Capital and reserves
Called up share capital	10	100	100
Profit and loss account		(140,765)	(100,441)
		(140,665)	(100,341)

OBELISK SPORTS LIMITED

REGISTERED NUMBER: 12426007

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2026

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J N F Kelly

Director

Date: 23 September 2026

The notes on pages 3 to 7 form part of these financial statements.

OBELISK SPORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

Obelisk Sports Limited is a private company, limited by shares, registered in England and Wales, registration number 12426007. The registered office address is 45 Western Avenue, Egham, TW20 8QB.

The principal activity of the company is sports management and concierge services.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on the going concern basis as the shareholder has confirmed he will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the director is satisfied that the financial statements should be prepared on a going concern basis.

2.3

Turnover

Turnover comprises the fair value of consideration receivable for the provision of sports management and concierge services, including on-course commissions and sponsorship commissions, net of discounts and excluding VAT.

Turnover from on-course commissions is recognised when the underlying tournament or event has been completed and the company's entitlement to the commission has been established.

Turnover from sponsorship commissions is recognised upon achievement of the relevant contractual milestone or over the sponsorship term where ongoing performance obligations exist.

Turnover is recognised only when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably.

OBELISK SPORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	20%	reducing balance
				Computer equipment	-	20%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

OBELISK SPORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans to related parties.

Employees

The average monthly number of employees, including the director, during the year was 1 (2025 - 1).

4.	Tangible fixed assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 February 2025	907	3,650	4,557
At 31 January 2026	907	3,650	4,557
Depreciation
At 1 February 2025	521	1,098	1,619
Charge for the year	77	510	587
At 31 January 2026	598	1,608	2,206
Net book value
At 31 January 2026	309	2,042	2,351
At 31 January 2025	385	2,552	2,937

OBELISK SPORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Debtors

					2026	2025
					£	£


Trade debtors	549	635
Other debtors	504	-
Prepayments and accrued income	1,089	10,145
	2,142	10,780

6.	Cash and cash equivalents
		2026	2025
		£	£

	Cash at bank and in hand	4,796	2,940

7.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Other taxation and social security	-	748
Other creditors	123,520	89,708
Accruals	4,270	4,250
	127,790	94,706

8.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

	Other creditors	21,576	21,500

OBELISK SPORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

9.	Deferred taxation

		2026
		£

	At beginning of year	792
	Charged to profit or loss	(204)
	At end of year	588

The provision for deferred taxation is made up as follows:
	2026	2025
	£	£

Accelerated capital allowances

588

792

10.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1.00 each	100	100

11.	Related party transactions
	Included within other creditors is a balance of £41,448 (2025 - £38,923) due to the director. The loan is unsecured, interest free and repayable on demand.