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REGISTERED NUMBER: 07617994 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

ENERGIQUE HEALTH CLUB & SPA LTD

ENERGIQUE HEALTH CLUB & SPA LTD (REGISTERED NUMBER: 07617994)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENERGIQUE HEALTH CLUB & SPA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: P A Francis FCCA
L K Francis FCCA





REGISTERED OFFICE: Energique
Anstey Lane
Alton
Hampshire
GU34 2NB





REGISTERED NUMBER: 07617994 (England and Wales)






ENERGIQUE HEALTH CLUB & SPA LTD (REGISTERED NUMBER: 07617994)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,529 15,474
6,529 15,474

CURRENT ASSETS
Stocks 1,199 1,472
Debtors 6 71,389 67,021
Cash at bank and in hand 24,544 32,839
97,132 101,332
CREDITORS
Amounts falling due within one year 7 45,808 47,442
NET CURRENT ASSETS 51,324 53,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,853

69,364

CREDITORS
Amounts falling due after more than one year 8 - (28,923 )

PROVISIONS FOR LIABILITIES (1,240 ) (2,940 )
NET ASSETS 56,613 37,501

CAPITAL AND RESERVES
Called up share capital 171 171
Share premium 19,970 19,970
Capital redemption reserve 29 29
Retained earnings 36,443 17,331
56,613 37,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

ENERGIQUE HEALTH CLUB & SPA LTD (REGISTERED NUMBER: 07617994)

BALANCE SHEET - continued
31 AUGUST 2023


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 8 March 2024 and were signed on its behalf by:





P A Francis FCCA - Director


ENERGIQUE HEALTH CLUB & SPA LTD (REGISTERED NUMBER: 07617994)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Energique Health Club & Spa Ltd 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, will be measured, initially and subsequently, at the undiscounted amount, unless the transaction is beyond the normal business terms or financed at a rate of interest that is not a market rate.

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.

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.

ENERGIQUE HEALTH CLUB & SPA LTD (REGISTERED NUMBER: 07617994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 2,500
AMORTISATION
At 1 September 2022
and 31 August 2023 2,500
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 87,148
DEPRECIATION
At 1 September 2022 71,674
Charge for year 8,945
At 31 August 2023 80,619
NET BOOK VALUE
At 31 August 2023 6,529
At 31 August 2022 15,474

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 804 4,306
Amounts owed by group undertakings 54,150 17,150
Other debtors 16,435 45,565
71,389 67,021

ENERGIQUE HEALTH CLUB & SPA LTD (REGISTERED NUMBER: 07617994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts - 9,794
Trade creditors 12,721 15,025
Taxation and social security 10,409 9,873
Other creditors 22,678 12,750
45,808 47,442

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans - 28,923

9. RELATED PARTY DISCLOSURES

Albion Investments & Holdings Ltd is the parent company of Energique Health Club & Spa Ltd.

At the end of the financial year £54,150 (2022: £17,150) was owed from Albion Investments & Holdings Ltd.

During the year the company received Management fees from Tiakyfee Consultants Ltd of £nil (31.8.22 £3,147). Paul and Lana Francis are directors and shareholders of this company and have a controlling interest.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Albion Investments & Holdings Ltd.

Energique Health Club & Spa Ltd is a wholly owned subsidiary of Albion Investments & Holdings Ltd. The registered office of the parent company is Energique Health Club & Spa, Anstey Park, Anstey Lane, Alton, Hampshire GU34 2NB.

The ultimate controlling parties are Paul and Lana Francis by virtue of their shareholdings in Albion Investments & Holdings Ltd.