77 SPORTS MANAGEMENT LIMITED - Accounts

77 SPORTS MANAGEMENT LIMITED - Company Information

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Registered Number: 09856878

England and Wales

77 SPORTS MANAGEMENT LIMITED

Abridged Accounts

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

77 SPORTS MANAGEMENT LIMITED
Contents Page
For the year ended 31 December 2023

Statement of financial position	1
Notes to the financial statements	2

Registered Number: 09856878 77 SPORTS MANAGEMENT LIMITED
Statement of Financial Position
As at 31 December 2023

	Notes	2023 £	2022 £
Current assets
Debtors: amounts falling due within one year		19,866	32,050
Cash at bank and in hand		193,620	45,606
		213,486	77,656
Creditors: amount falling due within one year		(221,611)	(163,989)
Net current assets		(8,125)	(86,333)

Total assets less current liabilities		(8,125)	(86,333)
Net assets		(8,125)	(86,333)

Capital and reserves
Called up share capital	3	110	110
Profit and loss account		(8,235)	(86,443)
Shareholder's funds		(8,125)	(86,333)

For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 03 June 2024 and were signed on its behalf by:

-------------------------------
Alexander James Marchant HILLS
Director

77 SPORTS MANAGEMENT LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 December 2023

General Information

77 SPORTS MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09856878, registration address Flat 2 24 Earls Court Square, London, SW5 9DN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the shareholders who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

2.	Average number of employees Average number of employees during the year was 0 (2022 : 0).

Share Capital

Authorised
7,500 Class A shares of £0.01 each
3,462 Class B shares of £0.01 each

Allotted, called up and fully paid	2023 £	2022 £
7,500 Class A shares of £0.01 each	75	75
3,462 Class B shares of £0.01 each	35	35
	110	110