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REGISTERED NUMBER: 10251023 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

WELLNESS SWIM CLUB LTD

WELLNESS SWIM CLUB LTD (REGISTERED NUMBER: 10251023)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WELLNESS SWIM CLUB LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: P A Francis FCCA





REGISTERED OFFICE: Energique
Anstey Lane
Alton
GU34 2NB





REGISTERED NUMBER: 10251023 (England and Wales)





ACCOUNTANTS: Tiakyfee Consultants Ltd
5 Dukes Close
Alton
Hampshire
GU34 1PH

WELLNESS SWIM CLUB LTD (REGISTERED NUMBER: 10251023)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £   
CURRENT ASSETS
Debtors 4 24,500 544
Cash at bank 12,830 48,099
37,330 48,643
CREDITORS
Amounts falling due within one year 5 35,822 31,936
NET CURRENT ASSETS 1,508 16,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,508

16,707

CREDITORS
Amounts falling due after more than one year 6 - 14,949
NET ASSETS 1,508 1,758

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,408 1,658
1,508 1,758

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 director acknowledges his 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 director and authorised for issue on 8 March 2024 and were signed by:





P A Francis FCCA - Director


WELLNESS SWIM CLUB LTD (REGISTERED NUMBER: 10251023)

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

1. STATUTORY INFORMATION

Wellness Swim Club 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Amounts owed by group undertakings 24,500 -
Other debtors - 544
24,500 544

WELLNESS SWIM CLUB LTD (REGISTERED NUMBER: 10251023)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts - 3,939
Taxation and social security 6,678 5,691
Other creditors 29,144 22,306
35,822 31,936

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans - 14,949

7. RELATED PARTY DISCLOSURES

At the end of the financial year, £24,500 (2022: £0) was owed by Albion Investments & Holdings Ltd and is included within Amounts owed by group undertakings. Albion Investments & Holdings Ltd is the parent company of Wellness Swim Club Ltd.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Albion Investments & Holdings Ltd.

Wellness Swim Club Ltd is a wholly owned subsidiary of Albion Investments & Holdings Ltd. The registered office of the parent company is Energique, 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.