Read Management Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01272687

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,145		1,430
Investments	5		2		2

			1,147		1,432
CURRENT ASSETS
Stocks		2,000		2,000
Debtors	6	2,483		14,812
Cash at bank and in hand		15,056		21,622

		19,539		38,434
Creditors: Amounts Falling Due Within One Year	7	(54,875 )		(92,794 )

NET CURRENT ASSETS (LIABILITIES)			(35,336 )		(54,360 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(34,189 )		(52,928 )

Creditors: Amounts Falling Due After More Than One Year	8		(9,438 )		(12,771 )

NET LIABILITIES			(43,627 )		(65,699 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(43,727 )		(65,799 )

SHAREHOLDERS' FUNDS			(43,627)		(65,699)

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Read Management Services Limited

Balance Sheet (continued)

As At 31 July 2026

For the year ending 31 July 2026 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Nigel Howard Read

Director

13 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Read Management Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01272687 . The registered office is 35 St Davids Road South, St Annes On Sea, Lancashire, FY8 1TJ.

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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on the going concern basis on the assumption that continued support will be received from the directors and related parties.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. 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:

Fixtures, fittings and equipment	20% on written down value
Website design	20% on cost

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Read Management Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Fixtures, fittings and equipment	Website design	Total
	£	£	£
Cost
As at 1 August 2025	2,544	32,391	34,935

As at 31 July 2026	2,544	32,391	34,935

Depreciation
As at 1 August 2025	1,117	32,388	33,505
Provided during the period	285	-	285

As at 31 July 2026	1,402	32,388	33,790

Net Book Value
As at 31 July 2026	1,142	3	1,145

As at 1 August 2025	1,427	3	1,430

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 August 2025	2

As at 31 July 2026	2

Provision
As at 1 August 2025	-

As at 31 July 2026	-

Net Book Value
As at 31 July 2026	2

As at 1 August 2025	2

The company owns 100% of the issued share capital of International Sport Limited.

Aggregate capital and reserves

International Sport Limited (dormant) £2 (2025 - £2)

Result for the year

International Sport Limited £Nil (2025 - £Nil)

...CONTINUED

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Read Management Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2026

5. Investments - continued

Under the provision of section 399 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so. Therefore the accounts show information about the company as an individual entity.

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	319	12,670
Other debtors	2,164	2,142

	2,483	14,812

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	195	13,098
Bank loans and overdrafts	3,340	3,340
Other creditors	51,338	76,354
Amounts owed to group undertakings	2	2

	54,875	92,794

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

	2026	2025
	£	£
Bank loans	9,438	12,771

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

TGM Snowsports Limited is a related party by virtue of the fact that Mr. N. H. Read and Mrs. A. C. Smalley are directors and shareholders of both companies. Transactions with TGM Snowsports Limited during the year and balances at 31st July 2026 are set out below ;

Sales - £89,750

Other creditors - £49,700

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