COMPANY REGISTRATION NUMBER: 11035535 SWAMINARAYAN SPORTS WORLD Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 MIN PAT Accountants 334 - 336 Goswell Road London EC1V 7RP SWAMINARAYAN SPORTS WORLD Company Llmltsd by Guarantee Financial Stataments Year ended 31 March 2024 Contsnts Page Trustees, report Statement of income and retained earnings Statement of financial position Notes to the financial statements The followlng pages do not form part of the financlal slatsments Accountants report to the board of directors on the preparalion of the unaudited statutory financial statements Detailed income ststement 10 Notes to the detailed income statement 11 Page 1 SWAMINARAYAN SPORTS WORLD Company Limited by Guarantse Tru8tee3' Report Year ended 31 March 2024 The trustees present their report and the unaudited financial statements of the company for the year ended 31 March 2024. Tru81ee8 Th8 trustees who $eNed the company during the year were as follows.. Mr B.R. Hirani Mr M.K. Hiranl Mr P.B. Korat Mr J.H. Patel Mr B.S. Patel Small Company provislon• This report has been prepared in 8c¢oidance with the provlsions applicable to companies enb'lled lo the small compani8s exemption. This r8POrt was approved by the board of directors on 24 October 2024 and signed on behalf of the board by". Mr B.R, Hiranl Trustee Mr M.K. Hirani Tru¥tee Mr P.B. Kola Trustee Mr J.H. Patèl Trustee Mr B.S. Patel Trustee Registered off￿e.. 334 - 336 Goswell Road London EC1V7RP Page 2 SWAMINARAYAN SPORTS WORLD Company Llmlted by Guarantee Stst•ment of Income and R•tainod Earnings Year ended 31 March 2024 2024 2023 Note Tumover 62A73 29,027 Gro•s profit 52,473 29,027 Adminlstralive expenses Opfrrallng proflVIIos8) 27,538 24.935 31,302 {2,275) Other interest ￿¢tiVable and similar income ProflVIIo•8) boloro taxatlon 24,935 {2,270) Tax on profivllossl ProflUllo••) lor th• Ilnanclal y•ar and total comprehonllve Income 24,935 (2,2701 R•talned 1088a8 at th• Start ￿ thè yaar R•t•lned eamIng￿lI0•10•) at tho •nd ol th• yoar 15,0221 19,913 12,7S21 (5,0221 All the acllvrtles ol the company a￿ from continuing operations. Th• notos on pag¢$ IS to 7 forni part ofthese flnanc5al statrmgnty. Page 3 SWAMINARAYAN SPORTS WORLD Company Limited by Guarant•• Statement of Flnancial Posltlon 31 March 2024 2024 2023 Not Flxed assets Tangible a$sels 1,685,640 1,685,640 Current as89ts Cash at bank and in hand 35,274 10,339 10,339 1,695,979 Net ¢urrenl a880ts 35.274 T¢)tal 48sots IM• current Ilabllltles 1,720.914 Cr•dltor8: amounts falllng due aftor more than on• year Not I88et￿l11ab1I1t1eg 1,701,001 19,913 1.701,001 {5,0221 C•plt•l •nd re••rv•• Profrt and1058 account 19,913 19,913 {5,0221 {5,0221 Member• fund•lldofl¢tt) These financial statsments have been prepared in xcordance wrth the provisions applicable to companie5 subject to the small companies, regime and In accordance with Section 1A of FRS 102 'Th8 FinanGial Reporting Stsndard applicable in the UK and Republic of Ireland,. For the year ending 31 March 2024 the company was entitled to exemption from audit under sects'on 477 of the Companies Act 20C6 reLgtsng to small companles. Directors, ￿spOnSIbl11t1eS'. The members have not required the company lo oblaln an audit of its financial statèmènts for the year in question in accordance with seclk¢n 476", The directors acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and the preparation of fi'nancial slaternenls. The statement of financial position continues on the following page. Tho notes on pages 5 to 7 form p•rt ofth•so flnanclal statemerrts. Page 4 SWAMINARAYAN SPORTS WORLD Company Limitsd by Guarantee Statement of Financial Position (c<￿tInUed) 31 March 2024 These financial stal8ments wer8 approved by the board of directors and authorised ft>r issue on 24 October 2024, and are signed on behalf of the board by.. Mr B.R. Hirani Tnjstee Mr M.K. Hirani Trustee Mr P.B. Korat Trustee Mr J.H. Patel TNst•e Mr B.S. Patel Trustee Company registratK•n number.. 11035535 The not•M on pages S to 7 fomi part of these flnanclal statoments. Page 6 SWAMINARAYAN SPORTS WORLD Company Limited by Guarantee Notes to the Financial Statsments Year ended 31 March 2024 G•neral Infomiatlon The company is a private non profil making company limited by guarantee, registered in England and Wales. The addr8ss of the registered office is 334 - 336 Goswell Road, London. EC1V 7RP. stst•mont of ¢ompllance These financial statements have been prepared in compliance wth Secb'on 1A of FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republ￿ of I￿land,. Accountlng poli¢le• Basls of prep•ratlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment propert￿5 measured al fair value through profit or loss. The financial statements are prepared in sterllng, which is the functional currency of the entity. Rev•nu• rocognltlon Turnover is rneasu￿d at the fair value of the consideration ￿ce1ved or receivable ft)r good5 supplied and services ￿ndered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when thè significant risks and rewards of ownership have transferred lo th& buyer lusually on despatch of the goods)., the amount of revenue can be measured reliably,. il is probable that the associated economic benefits will flow to the enbty., and the costs incurred or to be incurred in respect of the transactions can be measured rellably. Tangibl• 4$8et• Tangible as5els are inhially recorded at cost. and subsffjuenUy staled at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at ￿valued amounts are recorded al the falr value at the date of revaluation less any subsequent accumulated depreciation and subsequent a¢¢umuSated impairment losses. An increase in the carrying amount of an asset as a result of a ￿ValUatIon, is recognised in other comprehensive income and acGumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously reGognised in profit or los$. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revalUat￿n de¢rea5e exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profil or loss. Impaimient of Ilxed assets A review for indiGators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly_ Prior impairments are also reviewed for possible reversal at each reporting dale. Page 6 SWAMINARAYAN SPORTS WORLD Company Limited by Guarantse Not•s to th• Flnancial Ststement8 (conllnu•dJ Yoar ended 31 March 2024 Accountlng pollclo8 {¢oniinu•dJ Impairment of flxed assets (eonllnu•dJ For the purposes of impairment lesling, when rt is not possible lo estimate the recoverabie amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit lo which the asset belong5. The cash-generalin9 unil is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or group5 of assets. For impairment lestlng of goodwlll, the goodwill acquired in a business coMbina￿n is. from the acquisition date, allocated lo each of the cash-generaling units that are expected lo benefit from the synergies of the comblnation, irrespectlve of whether other assets or liabilrties of the Company are assigned lo those uftils. Fln•nclal In•trnment8 A financial asset or a financlal Ilablllty is recognised only when the company becomes a paty to the contractual provi$lons of the Instrument. Bas￿ fi'nancial inslrumenlg are initially recogniged at the transaction prth. unless the arrangement constitutes a financing Iransaclion. where11 is recognised at the P￿Sent value of the future payments dlscounted al a market rate of intere81 for a simllar debt instrument. Debt inslrumenls are subsequently measured at amortised cost. Wh8ffj investments In non