GRAEME RANKIN SPORTS MANAGEMENT LIMITED


Directors	DAVIS, Thomas
	RANKIN, Graeme Mcnaught


Company Secretary	RANKIN, Sharron


Registered Address	86 Saint Andrews Drive
	Bridge Of Weir
	Paisley
	PA11 3JD


Registered Number	SC221023 (Scotland)

Statement of Financial Position
31 July 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		2,115		2,931
			2,115		2,931
Current assets
Debtors	4	65,103		106,665
Cash at bank and on hand		67,739		12,272
		132,842		118,937
Creditors amounts falling due within one year	5	(40,593)		(59,352)
Net current assets (liabilities)			92,249		59,585
Total assets less current liabilities			94,364		62,516
Provisions for liabilities			(529)		(733)
Net assets			93,835		61,783
Capital and reserves
Called up share capital			102		103
Profit and loss account			93,733		61,680
Shareholders' funds			93,835		61,783

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 30 October 2026, and are signed on its behalf by:

RANKIN, Graeme Mcnaught
Director
Registered Company No. SC221023

GRAEME RANKIN SPORTS MANAGEMENT LIMITED

Notes to the Financial Statements
for the year ended 31 July 2026

1.	Accounting policies

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

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis 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.

	Judgements and key sources of estimation uncertainty
	The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The directors consider there are no such significant judgements.

	Turnover policy
	Turnover represents the invoice value of services provided during the year, excluding value added tax. The company's policy is to recognise a sale when substantively all risks and rewards in connection with the services have been passed to the buyer.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is 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 are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is 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 are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	25

	Impairment of non-financial assets policy
	At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

Impairment of non-financial assets policy

At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

	Financial instruments
	The company 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 banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 August 25	5,873	5,873
Additions	666	666
At 31 July 26	6,539	6,539
Depreciation and impairment
At 01 August 25	2,942	2,942
Charge for year	1,482	1,482
At 31 July 26	4,424	4,424
Net book value
At 31 July 26	2,115	2,115
At 31 July 25	2,931	2,931

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	-	32,700
Other debtors	65,103	73,965
Total	65,103	106,665

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	220	361
Bank borrowings and overdrafts	1,592	6,711
Taxation and social security	35,321	50,281
Accrued liabilities and deferred income	3,460	1,999
Total	40,593	59,352

6.	Related party transactions
	At the year end, the company owed the directors £1,591 (2025: £6,710). These amounts are unsecured, interest free and repayable on demand. Also at the year end the company was owed £63,965 (2025: £73,965) from Charing Cross Cars Limited, a company under the control of a director. Management fees of £2,400 (2025: £8,260) were also paid to this company during the year.