Sports Business & Investments Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05902064 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Sports Business & Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTOR:

Mr J W Duffy

SECRETARY:

REGISTERED OFFICE:

Suite 101 H

Business Design Centre

52 Upper Street

London

N1 0QH

REGISTERED NUMBER:

05902064 (England and Wales)

ACCOUNTANTS:

London Corporate Management Ltd.

2nd Floor, Victory House

99-101 Regent Street

London

London

W1B 4EZ

FIXED ASSETS

Investments

3

242,318

168,861

CURRENT ASSETS

Investments

4

-

72,318

Cash at bank

-

(57

)

-

72,261

CREDITORS

Amounts falling due within one year

5

251,085

12,352

NET CURRENT (LIABILITIES)/ASSETS

(251,085

)

59,909

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,767

)

228,770

CREDITORS

Amounts falling due after more than one year

6

-

230,041

NET LIABILITIES

(8,767

)

(1,271

)

CAPITAL AND RESERVES

Called up share capital

7

202,500

202,500

Retained earnings

(211,267

)

(203,771

)

SHAREHOLDERS' FUNDS

(8,767

)

(1,271

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 September 2017 and were signed by:

Mr J W Duffy - Director

1.	STATUTORY INFORMATION

Sports Business & Investments Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	FIXED ASSET INVESTMENTS

31.12.16

31.12.15

£

£

Participating interests

168,861

168,861

Other loans

73,457

-

242,318

168,861

Additional information is as follows:

Interest

in other

participating

interests

£

COST

At 1 January 2016

and 31 December 2016

168,861

NET BOOK VALUE

At 31 December 2016

168,861

At 31 December 2015

168,861

Other

loans

£

New in year

73,457

At 31 December 2016

73,457

4.	CURRENT ASSET INVESTMENTS

31.12.16

31.12.15

£

£

Other

-

72,318

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other loans

-

7,052

Trade creditors

-

5,300

Other creditors

249,285

-

Accrued expenses

1,800

-

251,085

12,352

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Other creditors

-

230,041

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

202,500

Ordinary

£1

202,500

202,500

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2016 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

London Corporate Management Ltd.

2nd Floor, Victory House

99-101 Regent Street

London

London

W1B 4EZ

29 September 2017