Sportrecs Holding Ltd
Sportrecs Holding Ltd
Registered number: 12983212
Unaudited Financial Statements
For The Year Ended
31 October 2022
Ryder Tax Consultants Ltd
Richmond Bridge House
419 Richmond Road
Twickenham
TW1 2EX
Sportrecs Holding Ltd
Unaudited Financial Statements
For The Year Ended
31 October 2022
Unaudited Financial Statements
Contents | |
Page | |
---|---|
Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
Page 1
Sportrecs Holding Ltd
Balance Sheet
As At
31 October 2022
Balance Sheet
Registered number:
12983212
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
2022 | 2021 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 4 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Debtors | 5 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 6 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
( |
( |
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
|
|||
Creditors: Amounts Falling Due After More Than One Year | 7 |
|
( |
||
NET LIABILITIES |
( |
( |
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 8 |
|
|
||
Profit and Loss Account |
( |
( |
|||
SHAREHOLDERS' FUNDS | (101,209) | (4,778) | |||
Page 1
Page 2
Sportrecs Holding Ltd
Balance Sheet (continued)
As At
31 October 2022
On behalf of the board
Director
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Sportrecs Holding Ltd
Notes to the Financial Statements
For The Year Ended
31 October 2022
Notes to the Financial Statements
1.
General Information
Sportrecs Holding Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
12983212
. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are exclusive rights to software. It is amortised to profit and loss account over its estimated economic life of 20 years commencing when the first revenue stream is received.
2.4.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2021: 1)
4.
Intangible Assets
Other | |||
---|---|---|---|
£ | |||
Cost | |||
As at
|
|
||
Additions |
|
||
As at
|
|
||
Net Book Value | |||
As at
|
|
||
As at
|
|
||
5.
Debtors
2022 | 2021 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Other debtors |
|
|
|
|
|
||
Page 3
Page 4
Sportrecs Holding Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 October 2022
6.
Creditors: Amounts Falling Due Within One Year
2022 | 2021 | ||
---|---|---|---|
£ | £ | ||
Other creditors |
|
|
|
Accruals and deferred income |
|
|
|
Share subscription account |
|
|
|
|
|
||
Under the terms of a number of share subscription agreements the company has issued to the investors the right to certain shares of the company's share capital. The amounts subscribed at the balance sheet date were US$1,648,000 (£1,226,271) and Euro 72,093 (£61,022) (2021 - US$228,000 being £166,350 and Euro 50,000 being £42,212). The maturity date of the agreements is between 18 June 2022 and 31 May 2023.
7.
Creditors: Amounts Falling Due After More Than One Year
2022 | 2021 | ||
---|---|---|---|
£ | £ | ||
Other creditors |
|
|
|
|
|
||
8.
Share Capital
2022 | 2021 | ||
---|---|---|---|
£ | £ | ||
Allotted, Called up and fully paid |
|
|
|
Page 4