IRIS Accounts Production v23.3.1.45 SC442931 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC4429312022-02-28SC4429312023-02-28SC4429312022-03-012023-02-28SC4429312021-02-28SC4429312021-03-012022-02-28SC4429312022-02-28SC442931ns16:Scotland2022-03-012023-02-28SC442931ns15:PoundSterling2022-03-012023-02-28SC442931ns11:Director12022-03-012023-02-28SC442931ns11:PrivateLimitedCompanyLtd2022-03-012023-02-28SC442931ns11:SmallEntities2022-03-012023-02-28SC442931ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-28SC442931ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-28SC442931ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-28SC442931ns11:FullAccounts2022-03-012023-02-28SC442931ns6:CurrentFinancialInstruments2023-02-28SC442931ns6:CurrentFinancialInstruments2022-02-28SC442931ns6:ShareCapital2023-02-28SC442931ns6:ShareCapital2022-02-28SC442931ns6:RetainedEarningsAccumulatedLosses2023-02-28SC442931ns6:RetainedEarningsAccumulatedLosses2022-02-28SC442931ns6:ShortLeaseholdAssetsns6:LandBuildings2022-03-012023-02-28SC442931ns6:PlantMachinery2022-03-012023-02-28SC442931ns6:ComputerEquipment2022-03-012023-02-28SC442931ns6:ShortLeaseholdAssetsns6:LandBuildings2022-02-28SC442931ns6:PlantMachinery2022-02-28SC442931ns6:ComputerEquipment2022-02-28SC442931ns6:ShortLeaseholdAssetsns6:LandBuildings2023-02-28SC442931ns6:PlantMachinery2023-02-28SC442931ns6:ComputerEquipment2023-02-28SC442931ns6:ShortLeaseholdAssetsns6:LandBuildings2022-02-28SC442931ns6:PlantMachinery2022-02-28SC442931ns6:ComputerEquipment2022-02-28SC442931ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-28SC442931ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-28SC442931ns11:Director32022-03-012023-02-28SC4429313ns11:Director32022-02-28SC4429313ns11:Director32021-02-28SC4429313ns11:Director32022-03-012023-02-28SC4429313ns11:Director32021-03-012022-02-28SC4429313ns11:Director32023-02-28SC4429313ns11:Director32022-02-28
REGISTERED NUMBER: SC442931 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

MM Fitness (Auchterarder) Limited

MM Fitness (Auchterarder) Limited (Registered number: SC442931)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


MM Fitness (Auchterarder) Limited (Registered number: SC442931)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
CURRENT ASSETS
Debtors 5 835 1,448
Cash at bank 2,614 3,466
3,449 4,914
CREDITORS
Amounts falling due within one year 6 (405,085 ) (370,128 )
NET CURRENT LIABILITIES (401,636 ) (365,214 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(401,636

)

(365,214

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (401,637 ) (365,215 )
(401,636 ) (365,214 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 23 August 2023 and were signed on its behalf by:





Mr P S Miller - Director


MM Fitness (Auchterarder) Limited (Registered number: SC442931)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

M.M Fitness (Auchterarder) Limited is a private company, limited by shares, domiciled in Scotland, registration number SC442931. The registered office is Blair Skeath House, Tullibardine, Auchterarer, Perthshire, PH3 1JU.

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.

The directors are aware of the company's net liability position and of its continued reliance upon its creditors.

The directors have taken the decision to close the business on 31st August 2022. As such these accounts have not been prepared on a going concern basis.

Turnover
Turnover represents net invoiced sales of goods and services in respect of the provision of fitness facilities, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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.

MM Fitness (Auchterarder) Limited (Registered number: SC442931)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 March 2022 34,451 91,346 1,790 127,587
Additions - 1,349 - 1,349
Disposals (34,451 ) (92,695 ) (1,790 ) (128,936 )
At 28 February 2023 - - - -
DEPRECIATION
At 1 March 2022 34,451 91,346 1,790 127,587
Charge for year - 140 - 140
Eliminated on disposal (34,451 ) (91,486 ) (1,790 ) (127,727 )
At 28 February 2023 - - - -
NET BOOK VALUE
At 28 February 2023 - - - -
At 28 February 2022 - - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors - 269
Other debtors 835 1,179
835 1,448

MM Fitness (Auchterarder) Limited (Registered number: SC442931)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 215 458
Amounts owed to group undertakings 406,213 365,713
Taxation and social security (3,418 ) 1,306
Other creditors 2,075 2,651
405,085 370,128

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Mrs M D Booth
Balance outstanding at start of year 481 -
Amounts advanced - 481
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 481 481

8. RELATED PARTY DISCLOSURES

Included within creditors due within one year is a balance of £406,213 (2022: £365,713) which is due to the parent company John Callum Ltd. The loan is unsecured, interest free and has no fixed repayment date.

9. ULTIMATE PARENT COMPANY

The ultimate parent company is John Callum Limited, a company incorporated in Scotland having its registered office at Unit 51, Bandeath Industrial Estate, Throsk, Stirling, FK7 7NP.