Soccerdays Waltham Forest Ltd 31/08/2021 iXBRL

Soccerdays Waltham Forest Ltd 31/08/2021 iXBRL

SOCCERDAYS WALTHAM FOREST LTD - Company Information

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Company registration number: 11898589
Soccerdays Waltham Forest Ltd
Unaudited filleted financial statements
31 August 2021
Soccerdays Waltham Forest Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Soccerdays Waltham Forest Ltd
Directors and other information
Director Sivan Sherabayani
Company number 11898589
Registered office Office 19 Samson House
Arterial Road
Laindon
SS15 6DR
Business address Office 19 Samson House
Arterial Road
Laindon
SS15 6DR
Accountants Hill Allen (Wickford) Limited
Office 1 Riverside Court
24 Lower Southend Road
Wickford
SS11 8AW
Bankers HSBC plc
192 Hoe Street
Walthamstow
London
E17 4QN
Soccerdays Waltham Forest Ltd
Statement of financial position
31 August 2021
2021 2020
Note £ £ £ £
Current assets
Debtors 5 2,857 167
Cash at bank and in hand 5,067 2,849
_______ _______
7,924 3,016
Creditors: amounts falling due
within one year 6 ( 4,887) ( 2,007)
_______ _______
Net current assets 3,037 1,009
_______ _______
Total assets less current liabilities 3,037 1,009
_______ _______
Net assets 3,037 1,009
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,937 909
_______ _______
Shareholder funds 3,037 1,009
_______ _______
For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 October 2021 , and are signed on behalf of the board by:
Sivan Sherabayani
Director
Company registration number: 11898589
Soccerdays Waltham Forest Ltd
Notes to the financial statements
Year ended 31 August 2021
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Office 19 Samson House, Arterial Road, Laindon, SS15 6DR.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Government grants
Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2020: 3 ).
5. Debtors
2021 2020
£ £
Trade debtors 2,548 -
Other debtors 309 167
_______ _______
2,857 167
_______ _______
6. Creditors: amounts falling due within one year
2021 2020
£ £
Trade creditors 1,375 440
Amounts owed to group undertakings and undertakings in which the company has a participating interest 273 73
Corporation tax 992 774
Social security and other taxes 1,316 -
Other creditors 931 720
_______ _______
4,887 2,007
_______ _______
7. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2021 2020 2021 2020
£ £ £ £
Soccerdays Ltd 6,663 1,650 ( 273) 100
_______ _______ _______ _______
The company is a wholly owned subsidiary of Soccerdays Ltd, a company registered in England & Wales to which it paid management fees.