International Soccer Management (UK) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06112606 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2018

for

International Soccer Management (UK)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Mahmoud-Reza Fazeli

REGISTERED OFFICE:

Unit 3 Cedar Court

1 Royal Oak Yard

London

SE1 3GA

REGISTERED NUMBER:

06112606 (England and Wales)

ACCOUNTANTS:

Elan & Co LLP

Unit 3 Cedar Court

1 Royal Oak Yard

London

SE1 3GA

BANKERS:

Coutts & Co

440 Strand

London

WC2R 0QS

FIXED ASSETS

Investments

3

1,200,000

1,200,000

CURRENT ASSETS

Debtors

4

2,374

87,886

Investments

5

100

100

Cash at bank and in hand

3,043,489

3,083,113

3,045,963

3,171,099

CREDITORS

Amounts falling due within one year

6

9,263

77,104

NET CURRENT ASSETS

3,036,700

3,093,995

TOTAL ASSETS LESS CURRENT LIABILITIES

4,236,700

4,293,995

CREDITORS

Amounts falling due after more than one year

7

34,756

36,291

NET ASSETS

4,201,944

4,257,704

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,201,844

4,257,604

4,201,944

4,257,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 15 April 2019 and were signed by:

Mr Mahmoud-Reza Fazeli - Director

1.	STATUTORY INFORMATION

International Soccer Management (UK) Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Investments in group company

Investments in group companies accounted for in accordance with the cost model are recorded at cost less any

accumulated impairment losses.

Dividends and other distributions received from the investment are recognised as income without regard to

whether the distributions are from accumulated profits of the associate arising before or after the date of

acquisition.

3.	FIXED ASSET INVESTMENTS

Loans to

group

undertakings

£

At 1 August 2017

and 31 July 2018

1,200,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

85,948

VAT

2,136

1,938

Prepayments

238

-

2,374

87,886

5.	CURRENT ASSET INVESTMENTS

2018

2017

£

£

Shares in group undertakings

100

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

700

-

Tax

-

(12,854

)

Provision for doubtful debts

-

85,948

Directors' current accounts

4,543

-

Accrued expenses

4,020

4,010

9,263

77,104

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Directors' loan accounts

34,756

36,291

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2018 and

31 July 2017:

2018

2017

£

£

Mr Mahmoud-Reza Fazeli

Balance outstanding at start of year

(36,291

)

(44,752

)

Amounts advanced

(4,543

)

(4,089

)

Amounts repaid

1,536

12,550

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(39,298

)

(36,291

)

9.	RELATED PARTY DISCLOSURES

The company was under the control of Mr Mahmoud Reza Fazeli throughout the current and previous year. Mr

Mahmoud Reza Fazeli is the managing director and majority shareholder. Mr Mahmoud Reza Fazeli is

personally interested in 100% (2017 - 100%) of the company's share capital.

Amounts owed by group company, ISM Properties UK Limited at the balance sheet date was £1,200,000 (2017 -

£1,200,000). No terms of payment or interest have been agreed.