77 SPORTS MANAGEMENT LIMITED - Accounts

77 SPORTS MANAGEMENT LIMITED - Company Information

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Registered Number: 09856878

England and Wales

77 SPORTS MANAGEMENT LIMITED

Abridged Accounts

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

77 SPORTS MANAGEMENT LIMITED
Contents Page
For the year ended 31 December 2018

Statement of Financial Position
Notes to the Financial Statements

Registered Number: 09856878 77 SPORTS MANAGEMENT LIMITED
Statement of Financial Position
As at 31 December 2018

	Notes	2018 £	2017 £
Current assets
Debtors: amounts falling due within one year		19,507	67,983
Cash at bank and in hand		408,084	283,388
		427,591	351,371
Creditors: amount falling due within one year		(212,031)	(61,928)
Net current assets		215,560	289,443

Total assets less current liabilities		215,560	289,443
Creditors: amount falling due after more than one year		(517,350)	(521,721)
Net assets		(301,790)	(232,278)

Capital and reserves
Called up share capital	2	125	1,000
Profit and loss account		(301,915)	(233,278)
Shareholders funds		(301,790)	(232,278)

For the year ended 31 December 2018 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 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 Part 15 of the Companies Act 2006. In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

Signed on behalf of the board of directors

--------------------------------
Matthew Paul GENTRY
Director

Date approved by the board: 26 September 2019

77 SPORTS MANAGEMENT LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 December 2018

General Information

77 SPORTS MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09856878, registration address Third FLoor, Chiswick Gate, 598-608 Chiswick High Road, Chiswick, W4 5RT.

The presentation currency is £ sterling

Accounting Policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the shareholders who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Share Capital

Authorised
7,500 Class A shares of £0.01 each
2,375 Class B shares of £0.01 each
2,625 Class C shares of £0.01 each

Allotted	2018 £	2017 £
7,500 Class A shares of £0.01 each	75	75
2,375 Class B shares of £0.01 each	24	-
2,625 Class C shares of £0.01 each	26	-
	125	75