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 2021

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:

ElanTax.com

Unit 3 Cedar Court

1 Royal Oak Yard

London

SE1 3GA

BANKERS:

Coutts & Co

440 Strand

London

WC2R 0QS

FIXED ASSETS

Investments

4

3,550,000

3,580,000

CURRENT ASSETS

Debtors

5

408,959

281,967

Investments

6

100

100

Cash at bank and in hand

45,234

212,094

454,293

494,161

CREDITORS

Amounts falling due within one year

7

48,692

50,857

NET CURRENT ASSETS

405,601

443,304

TOTAL ASSETS LESS CURRENT LIABILITIES

3,955,601

4,023,304

CREDITORS

Amounts falling due after more than one year

8

8,757

8,757

NET ASSETS

3,946,844

4,014,547

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,946,744

4,014,447

3,946,844

4,014,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 29 July 2022 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Loans to

group

undertaking

£

At 1 August 2020

3,580,000

New in year

(30,000

)

At 31 July 2021

3,550,000

5.

DEBTORS

31.7.21

31.7.20

£

£

Amounts falling due within one year:

Trade debtors

84,061

-

Social security and other tax

2,942

2,896

VAT

180

245

Prepayments

238

238

87,421

3,379

31.7.21

31.7.20

£

£

Amounts falling due after more than one year:

Other debtors

321,538

278,588

Aggregate amounts

408,959

281,967

6.	CURRENT ASSET INVESTMENTS

31.7.21

31.7.20

£

£

Shares in group undertakings

100

100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Trade creditors

1,080

2,350

EC Promotions Limited

35,921

35,921

Directors' current accounts

3,188

3,848

Accrued expenses

8,503

8,738

48,692

50,857

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.21

31.7.20

£

£

Directors' loan accounts

8,757

8,757

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2021 and 31 July 2020:

31.7.21

31.7.20

£

£

Mr Mahmoud-Reza Fazeli

Balance outstanding at start of year

(12,606

)

(39,064

)

Amounts advanced

868

27,967

Amounts repaid

(208

)

(1,509

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(11,946

)

(12,606

)

10.	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% (2020 - 100%) of the company's share capital.

Amounts owed by group company, ISM Properties UK Limited at the balance sheet date was £3,550,000 (2020 - £3,580,000). No terms of payment or interest have been agreed.