HOT YOGA HEALTH NEWPORT COMMUNITY INTEREST COMPANY

Company Registration Number:
09972991 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 August 2022

End date: 31 January 2024

HOT YOGA HEALTH NEWPORT COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 January 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HOT YOGA HEALTH NEWPORT COMMUNITY INTEREST COMPANY

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Additional information

Post balance sheet eventsThe business ceased to trade on 15 December 2023 and the directors intend to submit an application to dissolve the company once all outstanding monies are settled.



Directors

The directors shown below have held office during the whole of the period from
1 August 2022 to 31 January 2024

Geoffrey Latham
Suzanne Latham


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
4 April 2024

And signed on behalf of the board by:
Name: Suzanne Latham
Status: Director

HOT YOGA HEALTH NEWPORT COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 January 2024

18 months to 31 January 2024 2022


£

£
Turnover: 194,385 80,059
Cost of sales: ( 49,293 ) ( 25,843 )
Gross profit(or loss): 145,092 54,216
Administrative expenses: ( 100,490 ) ( 60,465 )
Other operating income: 5,144
Operating profit(or loss): 44,602 (1,105)
Interest payable and similar charges: ( 2,178 ) ( 3,195 )
Profit(or loss) before tax: 42,424 (4,300)
Tax: ( 9,596 ) ( 16 )
Profit(or loss) for the financial year: 32,828 (4,316)

HOT YOGA HEALTH NEWPORT COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 January 2024

Notes 18 months to 31 January 2024 2022


£

£
Fixed assets
Tangible assets: 3 0 24,035
Total fixed assets: 0 24,035
Current assets
Debtors: 4 3,541 4,226
Cash at bank and in hand: 49,592 35,460
Total current assets: 53,133 39,686
Creditors: amounts falling due within one year: 5 ( 60,472 ) ( 18,318 )
Net current assets (liabilities): (7,339) 21,368
Total assets less current liabilities: (7,339) 45,403
Creditors: amounts falling due after more than one year: 6 ( 55,570 )
Total net assets (liabilities): (7,339) (10,167)
Capital and reserves
Called up share capital: 100 30,100
Profit and loss account: (7,439 ) (40,267 )
Total Shareholders' funds: ( 7,339 ) (10,167)

The notes form part of these financial statements

HOT YOGA HEALTH NEWPORT COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 4 April 2024
and signed on behalf of the board by:

Name: Suzanne Latham
Status: Director

The notes form part of these financial statements

HOT YOGA HEALTH NEWPORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment lossesDepreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases.

HOT YOGA HEALTH NEWPORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    18 months to 31 January 2024 2022
    Average number of employees during the period 3 2

HOT YOGA HEALTH NEWPORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 24,765 32,402 1,271 58,438
Additions
Disposals ( 24,765 ) ( 32,402 ) ( 1,271 ) ( 58,438 )
Revaluations
Transfers
At 31 January 2024 0 0 0 0
Depreciation
At 1 August 2022 12,465 21,571 367 34,403
Charge for year 3,318 2,888 405 6,611
On disposals ( 15,783 ) ( 24,459 ) ( 772 ) ( 41,014 )
Other adjustments
At 31 January 2024 0 0 0 0
Net book value
At 31 January 2024 0 0 0 0
At 31 July 2022 12,300 10,831 904 24,035

HOT YOGA HEALTH NEWPORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

18 months to 31 January 2024 2022
£ £
Trade debtors 0 1,283
Other debtors 3,541 2,943
Total 3,541 4,226

HOT YOGA HEALTH NEWPORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

18 months to 31 January 2024 2022
£ £
Bank loans and overdrafts 6,849
Amounts due under finance leases and hire purchase contracts 0 591
Trade creditors 145 2,223
Taxation and social security 7,600 2,366
Accruals and deferred income 167 450
Other creditors 52,560 5,839
Total 60,472 18,318

HOT YOGA HEALTH NEWPORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due after more than one year note

  2022
  £
Bank loans and overdrafts 38,422
Amounts due under finance leases and hire purchase contracts 148
Other creditors 17,000
Total   55,570

COMMUNITY INTEREST ANNUAL REPORT

HOT YOGA HEALTH NEWPORT COMMUNITY INTEREST COMPANY

Company Number: 09972991 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

Yoga studio and wellbeing house provided yoga, pilates and mindfulness to the local community and beyond. Running weekly classes, workshops and events to support the physical and mental wellbeing of our community.We have worked with a local primary school providing classes in yoga for children and outdoor learning. We have worked in partnership with MS Society delivering weekly yoga sessions.

Consultation with stakeholders

Consultation held with shareholders Louise and Suzanne Latham and director Geoff Latham. It was decided that due to continued difficult trading conditions that the company would cease trading in December 2023.

Directors' remuneration

Director's remuneration paid as reported in the accounts. There were no other transactions or arrangements in connection with the remuneration of directors or compensation for director's loss of office which require to be disclosed. There were no transfer of assets.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
10 April 2024

And signed on behalf of the board by:
Name: Suzanne Latham
Status: Director