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REGISTERED NUMBER: 10674563 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2021 TO 30 SEPTEMBER 2022

FOR

THE LOCKER ROOM NORTHWOOD LIMITED

THE LOCKER ROOM NORTHWOOD LIMITED (REGISTERED NUMBER: 10674563)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 APRIL 2021 TO 30 SEPTEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE LOCKER ROOM NORTHWOOD LIMITED

COMPANY INFORMATION
For The Period 1 APRIL 2021 TO 30 SEPTEMBER 2022







DIRECTORS: Mr N Chande
Mr K E Mogantas





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 10674563 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

THE LOCKER ROOM NORTHWOOD LIMITED (REGISTERED NUMBER: 10674563)

BALANCE SHEET
30 SEPTEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 34,130

CURRENT ASSETS
Debtors 5 43,356 29,390
Cash at bank and in hand 1,022 875
44,378 30,265
CREDITORS
Amounts falling due within one year 6 206,950 203,783
NET CURRENT LIABILITIES (162,572 ) (173,518 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(162,572

)

(139,388

)

CREDITORS
Amounts falling due after more than one
year

7

19,826

29,700
NET LIABILITIES (182,398 ) (169,088 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (183,398 ) (170,088 )
(182,398 ) (169,088 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





Mr N Chande - Director


THE LOCKER ROOM NORTHWOOD LIMITED (REGISTERED NUMBER: 10674563)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 APRIL 2021 TO 30 SEPTEMBER 2022

1. STATUTORY INFORMATION

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

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and costs incurred or to be incurred in respect of the transaction can be measured reliably.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment
losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.
The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Leasehold improvements - Over the lease period
Fixtures and fittings - 20% straight line basis
Computer equipment - 15% straight line basis

Taxation
Taxation for the period 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.


THE LOCKER ROOM NORTHWOOD LIMITED (REGISTERED NUMBER: 10674563)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 APRIL 2021 TO 30 SEPTEMBER 2022

2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised n profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised n profit and loss.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2021 24,398 36,127 3,118 63,643
Disposals (24,398 ) (36,127 ) (3,118 ) (63,643 )
At 30 September 2022 - - - -
DEPRECIATION
At 1 April 2021 4,814 23,202 1,497 29,513
Charge for period 979 7,225 468 8,672
Eliminated on disposal (5,793 ) (30,427 ) (1,965 ) (38,185 )
At 30 September 2022 - - - -
NET BOOK VALUE
At 30 September 2022 - - - -
At 31 March 2021 19,584 12,925 1,621 34,130

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 43,356 -
Other debtors - 29,390
43,356 29,390

THE LOCKER ROOM NORTHWOOD LIMITED (REGISTERED NUMBER: 10674563)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 APRIL 2021 TO 30 SEPTEMBER 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 7,800 22,716
Trade creditors 33,888 78,905
Amounts owed to group undertakings 163,762 -
Taxation and social security - 1,430
Other creditors 1,500 100,732
206,950 203,783

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 19,826 29,700

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.