2022-01-012022-12-312022-12-31falseSC487096URBN FITNESS LTD2023-10-27iso4217:GBPxbrli:pureSC4870962022-01-01SC4870962022-12-31SC4870962022-01-012022-12-31SC4870962021-01-01SC4870962021-12-31SC4870962021-01-012021-12-31SC487096bus:SmallEntities2022-01-012022-12-31SC487096bus:AuditExempt-NoAccountantsReport2022-01-012022-12-31SC487096bus:FullAccounts2022-01-012022-12-31SC487096bus:PrivateLimitedCompanyLtd2022-01-012022-12-31SC487096core:WithinOneYear2022-12-31SC487096core:AfterOneYear2022-12-31SC487096core:WithinOneYear2021-12-31SC487096core:AfterOneYear2021-12-31SC487096core:ShareCapital2022-12-31SC487096core:SharePremium2022-12-31SC487096core:RevaluationReserve2022-12-31SC487096core:OtherReservesSubtotal2022-12-31SC487096core:RetainedEarningsAccumulatedLosses2022-12-31SC487096core:ShareCapital2021-12-31SC487096core:SharePremium2021-12-31SC487096core:RevaluationReserve2021-12-31SC487096core:OtherReservesSubtotal2021-12-31SC487096core:RetainedEarningsAccumulatedLosses2021-12-31SC487096core:LandBuildings2022-12-31SC487096core:PlantMachinery2022-12-31SC487096core:Vehicles2022-12-31SC487096core:FurnitureFittings2022-12-31SC487096core:OfficeEquipment2022-12-31SC487096core:NetGoodwill2022-12-31SC487096core:IntangibleAssetsOtherThanGoodwill2022-12-31SC487096core:ListedExchangeTraded2022-12-31SC487096core:UnlistedNon-exchangeTraded2022-12-31SC487096core:LandBuildings2021-12-31SC487096core:PlantMachinery2021-12-31SC487096core:Vehicles2021-12-31SC487096core:FurnitureFittings2021-12-31SC487096core:OfficeEquipment2021-12-31SC487096core:NetGoodwill2021-12-31SC487096core:IntangibleAssetsOtherThanGoodwill2021-12-31SC487096core:ListedExchangeTraded2021-12-31SC487096core:UnlistedNon-exchangeTraded2021-12-31SC487096core:LandBuildings2022-01-012022-12-31SC487096core:PlantMachinery2022-01-012022-12-31SC487096core:Vehicles2022-01-012022-12-31SC487096core:FurnitureFittings2022-01-012022-12-31SC487096core:OfficeEquipment2022-01-012022-12-31SC487096core:NetGoodwill2022-01-012022-12-31SC487096core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-31SC487096core:ListedExchangeTraded2022-01-012022-12-31SC487096core:UnlistedNon-exchangeTraded2022-01-012022-12-31SC487096core:MoreThanFiveYears2022-01-012022-12-31SC487096core:Non-currentFinancialInstruments2022-12-31SC487096core:Non-currentFinancialInstruments2021-12-31SC487096dpl:CostSales2022-01-012022-12-31SC487096dpl:DistributionCosts2022-01-012022-12-31SC487096dpl:AdministrativeExpenses2022-01-012022-12-31SC487096core:LandBuildings2022-01-012022-12-31SC487096core:PlantMachinery2022-01-012022-12-31SC487096core:Vehicles2022-01-012022-12-31SC487096core:FurnitureFittings2022-01-012022-12-31SC487096core:OfficeEquipment2022-01-012022-12-31SC487096core:NetGoodwill2022-01-012022-12-31SC487096core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-31SC487096dpl:GroupUndertakings2022-01-012022-12-31SC487096dpl:ParticipatingInterests2022-01-012022-12-31SC487096dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-31SC487096core:ListedExchangeTraded2022-01-012022-12-31SC487096dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-31SC487096core:UnlistedNon-exchangeTraded2022-01-012022-12-31SC487096dpl:CostSales2021-01-012021-12-31SC487096dpl:DistributionCosts2021-01-012021-12-31SC487096dpl:AdministrativeExpenses2021-01-012021-12-31SC487096core:LandBuildings2021-01-012021-12-31SC487096core:PlantMachinery2021-01-012021-12-31SC487096core:Vehicles2021-01-012021-12-31SC487096core:FurnitureFittings2021-01-012021-12-31SC487096core:OfficeEquipment2021-01-012021-12-31SC487096core:NetGoodwill2021-01-012021-12-31SC487096core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-31SC487096dpl:GroupUndertakings2021-01-012021-12-31SC487096dpl:ParticipatingInterests2021-01-012021-12-31SC487096dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-31SC487096core:ListedExchangeTraded2021-01-012021-12-31SC487096dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-31SC487096core:UnlistedNon-exchangeTraded2021-01-012021-12-31SC487096core:NetGoodwill2022-12-31SC487096core:IntangibleAssetsOtherThanGoodwill2022-12-31SC487096core:LandBuildings2022-12-31SC487096core:PlantMachinery2022-12-31SC487096core:Vehicles2022-12-31SC487096core:FurnitureFittings2022-12-31SC487096core:OfficeEquipment2022-12-31SC487096core:AfterOneYear2022-12-31SC487096core:WithinOneYear2022-12-31SC487096core:ListedExchangeTraded2022-12-31SC487096core:UnlistedNon-exchangeTraded2022-12-31SC487096core:ShareCapital2022-12-31SC487096core:SharePremium2022-12-31SC487096core:RevaluationReserve2022-12-31SC487096core:OtherReservesSubtotal2022-12-31SC487096core:RetainedEarningsAccumulatedLosses2022-12-31SC487096core:NetGoodwill2021-12-31SC487096core:IntangibleAssetsOtherThanGoodwill2021-12-31SC487096core:LandBuildings2021-12-31SC487096core:PlantMachinery2021-12-31SC487096core:Vehicles2021-12-31SC487096core:FurnitureFittings2021-12-31SC487096core:OfficeEquipment2021-12-31SC487096core:AfterOneYear2021-12-31SC487096core:WithinOneYear2021-12-31SC487096core:ListedExchangeTraded2021-12-31SC487096core:UnlistedNon-exchangeTraded2021-12-31SC487096core:ShareCapital2021-12-31SC487096core:SharePremium2021-12-31SC487096core:RevaluationReserve2021-12-31SC487096core:OtherReservesSubtotal2021-12-31SC487096core:RetainedEarningsAccumulatedLosses2021-12-31SC487096core:NetGoodwill2021-01-01SC487096core:IntangibleAssetsOtherThanGoodwill2021-01-01SC487096core:LandBuildings2021-01-01SC487096core:PlantMachinery2021-01-01SC487096core:Vehicles2021-01-01SC487096core:FurnitureFittings2021-01-01SC487096core:OfficeEquipment2021-01-01SC487096core:AfterOneYear2021-01-01SC487096core:WithinOneYear2021-01-01SC487096core:ListedExchangeTraded2021-01-01SC487096core:UnlistedNon-exchangeTraded2021-01-01SC487096core:ShareCapital2021-01-01SC487096core:SharePremium2021-01-01SC487096core:RevaluationReserve2021-01-01SC487096core:OtherReservesSubtotal2021-01-01SC487096core:RetainedEarningsAccumulatedLosses2021-01-01SC487096core:AfterOneYear2022-01-012022-12-31SC487096core:WithinOneYear2022-01-012022-12-31SC487096core:Non-currentFinancialInstrumentscore:CostValuation2022-01-012022-12-31SC487096core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-01-012022-12-31SC487096core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-01-012022-12-31SC487096core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-01-012022-12-31SC487096core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-01-012022-12-31SC487096core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-01-012022-12-31SC487096core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-01-012022-12-31SC487096core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-01-012022-12-31SC487096core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-01-012022-12-31SC487096core:Non-currentFinancialInstrumentscore:CostValuation2022-12-31SC487096core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-31SC487096core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-31SC487096core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-31SC487096core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-31SC487096core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-31SC487096core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-31SC487096core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-31SC487096core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-31SC487096core:Non-currentFinancialInstrumentscore:CostValuation2021-12-31SC487096core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-12-31SC487096core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-12-31SC487096core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-12-31SC487096core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-12-31SC487096core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-12-31SC487096core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-12-31SC487096core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-12-31SC487096core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-12-31SC487096bus:Director12022-01-012022-12-31SC487096bus:Director22022-01-012022-12-31SC487096bus:Director32022-01-012022-12-31SC487096bus:Director42022-01-012022-12-31SC487096bus:Director52022-01-012022-12-31SC487096core:FurnitureFittingsToolsEquipment2021-12-31SC487096core:FurnitureFittingsToolsEquipment2022-01-012022-12-31SC487096core:FurnitureFittingsToolsEquipment2022-12-31

URBN FITNESS LTD

Registered Number
SC487096
(Scotland)

Unaudited Financial Statements for the Year ended
31 December 2022

URBN FITNESS LTD
Company Information
for the year from 1 January 2022 to 31 December 2022

Directors

FORSEY, Duncan
MEEHAN, Marianne
WILSON, Edward Guy
WILSON, Georgina Frances
WILSON, James

Registered Address

35 Haddington Place
Edinburgh
EH7 4AG

Registered Number

SC487096 (Scotland)
URBN FITNESS LTD
Balance Sheet as at
31 December 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets6186,602232,901
Investments7100100
186,702233,001
Current assets
Stocks96052,546
Debtors1046,19946,003
Cash at bank and on hand206,262302,964
253,066351,513
Creditors amounts falling due within one year11(393,553)(478,704)
Net current assets (liabilities)(140,487)(127,191)
Total assets less current liabilities46,215105,810
Creditors amounts falling due after one year12-(72,917)
Provisions for liabilities13(31,300)(35,470)
Net assets14,915(2,577)
Capital and reserves
Called up share capital2,0002,000
Profit and loss account12,915(4,577)
Shareholders' funds14,915(2,577)
The financial statements were approved and authorised for issue by the Board of Directors on 27 October 2023, and are signed on its behalf by:
MEEHAN, Marianne
Director
Registered Company No. SC487096
URBN FITNESS LTD
Notes to the Financial Statements
for the year ended 31 December 2022

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company during the period was operating fitness studios.
4.Accounting policies
Property, plant and equipment policy

Straight line (years)
Plant and machinery3
Fixtures and fittings15
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20222021
Average number of employees during the year2527
6.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 01 January 22129,758393,817523,575
Additions2,0471,4403,487
At 31 December 22131,805395,257527,062
Depreciation and impairment
At 01 January 22103,356187,318290,674
Charge for year12,70337,08349,786
At 31 December 22116,059224,401340,460
Net book value
At 31 December 2215,746170,856186,602
At 31 December 2126,402206,499232,901
7.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 January 22100100
At 31 December 22100100
Net book value
At 31 December 22100100
At 31 December 21100100

Notes

1Investments in group undertakings and participating interests
8.Description of capital commitments
The total future minimum payments under non-cancellable operating leases are as follows: 2022 2021 No later than 1 year £127,880 £127,880 Later than 1 year and no later than 5 years £511,967 £511,967 Later than 5 years £160,725 £160,725
9.Stocks

2022

2021

££
Other stocks6052,546
Total6052,546
10.Debtors

2022

2021

££
Trade debtors / trade receivables22,0109,410
Other debtors24,18936,593
Total46,19946,003
11.Creditors within one year

2022

2021

££
Trade creditors / trade payables48,2216,176
Bank borrowings and overdrafts72,917125,000
Taxation and social security50,68839,690
Other creditors130,827180,958
Accrued liabilities and deferred income90,900126,880
Total393,553478,704
The bank loan is secured by a charge over the assets of the company.
12.Creditors after one year

2022

2021

££
Bank borrowings and overdrafts-72,917
Total-72,917
The bank loan is secured by a charge over the assets of the company.
13.Provisions for liabilities

2022

2021

££
Net deferred tax liability (asset)31,30035,470
Total31,30035,470