Triple S Sports Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06800017 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2022

for

Triple S Sports Management Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

Directors' Responsibilities Statement

5

Independent Chartered Certified Accountants' Review Report

6

FIXED ASSETS

Tangible assets

4

683

-

CURRENT ASSETS

Debtors

5

1,186,390

382,943

Cash at bank

272,127

2,057,936

1,458,517

2,440,879

CREDITORS

Amounts falling due within one year

6

896,691

1,951,276

NET CURRENT ASSETS

561,826

489,603

TOTAL ASSETS LESS CURRENT LIABILITIES

562,509

489,603

PROVISIONS FOR LIABILITIES

130

-

NET ASSETS

562,379

489,603

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

562,279

489,503

SHAREHOLDERS' FUNDS

562,379

489,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2023 and were signed on its behalf by:

Mr P Stretford - Director

1.	STATUTORY INFORMATION

Triple S Sports Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06800017

Registered office:

Great Oak Farm Offices

Mag Lane

Lymm

Cheshire

WA13 0TF

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents net invoiced commissions, excluding value added tax. Turnover comprises commissions, which are recognised in the period to which the commission or service relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Going concern - covid-19

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

729

At 30 April 2022

729

DEPRECIATION

Charge for year

46

At 30 April 2022

46

NET BOOK VALUE

At 30 April 2022

683

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

507,336

259,143

Amounts owed by group undertakings

46,701

45,477

Other debtors

632,353

78,323

1,186,390

382,943

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

2,246

6,346

Amounts owed to group undertakings

251,981

1,360,123

Taxation and social security

31,194

47,656

Other creditors

611,270

537,151

896,691

1,951,276

7.	SECURED DEBTS

There is a Cross Guarantee between the company, Triple S Sports and Entertainment Group Limited, Red Lantern Digital Media Limited, Triple S Events Limited, Julie Perry Events Limited and Triple S Communications Limited for the bank funding.

8.	RELATED PARTY DISCLOSURES

Amounts owed to related parties as at the balance sheet date:

2022

2021

£

£

(251,981

)

(1,360,123

)

Amounts owed by related parties as at the balance sheet date:

2022

2021

£

£

46,701

45,477

These balances were outstanding as at 30 April 2022 and are shown under the amounts owed by/to group undertakings.

9.	CONTROLLING PARTY

The company is a 100% wholly owned subsidiary of Triple S Sports and Entertainment Group Ltd, a company incorporated in England and registered at the same address as this company.

The parent company of largest and smallest group, which includes the company and for which group financial statements are prepared is Shepherd Offshore Group Limited, a company registered in England. Copies of the group financial statements are available from its registered office address at the Offshore Technology Park, 1 Rendle Road, Walker, Newcastle upon Tyne, NE6 3NH.

The ultimate controlling parties are the directors of Shepherd Offshore Limited, who are both directors in the ultimate parent company. The companies are ultimately held in Trusts,though this has no impact on control.

The following reproduces the text of the report prepared for the directors and members in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We confirm that as directors we have met our duty in accordance with the Companies Act 2006 to:

-	ensure that the company has kept proper accounting records;

-

prepare financial statements which give a true and fair view of the state of affairs of the company as at 30 April 2022 and of its profit for that period in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and

-	follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements.

ON BEHALF OF THE BOARD:

Mr P Stretford - Director

18 January 2023

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We have reviewed the financial statements of Triple S Sports Management Limited for the year ended 30 April 2022, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes 1 to 0. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report or the conclusions we have formed.

Directors' responsibility for the financial statements

As explained more fully in the Directors' Responsibilities Statement set out on page nil, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants' responsibility

Our responsibility is to express a conclusion based on our review of the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review historical financial statements' and ICAEW Technical Release TECH 09/13AAF 'Assurance review engagements on historical financial statements'. ISRE 2400 also requires us to comply with the ICAEW Code of Ethics.

Scope of the assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures to those required under a compilation engagement. These primarily consist of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

-	so as to give a true and fair view of the state of the company's affairs as at 30 April 2022 and of its profit for the year then ended;

-	in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and

-	in accordance with the requirements of the Companies Act 2006.

Thompson Wright (Hale) Limited

Chartered Accountants

Spring Court

Spring Road

Hale

Altrincham

Cheshire

WA14 2UQ

18 January 2023