SPORTS_X_GROUP_LIMITED - Accounts

The average number of persons, including directors, employed by the company during the year was as follows:

Included within current liabilities due within one year are loans from the directors of £37,200 (2021 - £37,470) and a loan of £2,500,113 (2021 - £2,500,113) due to a related company who has a shareholding in this company. These loans are interest free and repayable upon demand.

Also included within current liabilities is a trade creditor balance of £50,465 (2021 - £50,465) due to the company's parent company.

Included within current assets is a loan of £2,500,000 (2021 - £2,500,000) due from the company's parent company. This loan is interest free and repayable on demand.

Also included within current assets is a trade debtor balance of £157,572 (2021 - £85,812) due from the company's parent company.

Sports X Group Limited is a private company limited by shares incorporated in Scotland. The registered office is 44 Bank Street, Kilmarnock, Ayrshire, United Kingdom, KA1 1HA.

For the year ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true