Company Registration No. 12090847 (England and Wales)
MHP FITNESS GROUP LIMITED
Unaudited accounts
for the year ended 30 November 2023
MHP FITNESS GROUP LIMITED
Unaudited accounts
Contents
MHP FITNESS GROUP LIMITED
Company Information
for the year ended 30 November 2023
Directors
Jasvir Kaur Bhambra
Davinder Singh Johal
Company Number
12090847 (England and Wales)
Registered Office
SECOND FLOOR
26 GOODGE STREET
LONDON
W1T 2QG
ENGLAND
Accountants
Accountingpreneur Limited
Second Floor
26 Goodge Street
Fitzrovia
London
W1T 2QG
MHP FITNESS GROUP LIMITED
Statement of financial position
as at 30 November 2023
Intangible assets
13,411
14,901
Tangible assets
308,248
267,986
Cash at bank and in hand
16,706
47,299
Creditors: amounts falling due within one year
(422,042)
(313,762)
Net current liabilities
(291,917)
(185,601)
Total assets less current liabilities
29,742
97,286
Creditors: amounts falling due after more than one year
(257,050)
(317,801)
Net liabilities
(227,308)
(220,515)
Called up share capital
100
100
Profit and loss account
(227,408)
(220,615)
Shareholders' funds
(227,308)
(220,515)
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by
Jasvir Kaur Bhambra
Director
Company Registration No. 12090847
MHP FITNESS GROUP LIMITED
Notes to the Accounts
for the year ended 30 November 2023
MHP FITNESS GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12090847. The registered office is SECOND FLOOR, 26 GOODGE STREET, LONDON, W1T 2QG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Depreciation @10%WDV
Plant & machinery
Depreciation @25%WDV
Fixtures & fittings
Depreciation @15%WDV
Computer equipment
Depreciation @33.33%WDV
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation @10%WDV
4
Intangible fixed assets
Other
At 30 November 2023
30,000
At 30 November 2023
16,589
At 30 November 2023
13,411
At 30 November 2022
14,901
MHP FITNESS GROUP LIMITED
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
301,547
61,521
8,273
9,296
380,637
Additions
-
-
74,807
-
74,807
At 30 November 2023
301,547
61,521
83,080
9,296
455,444
At 1 December 2022
78,459
25,098
4,499
4,595
112,651
Charge for the year
22,309
9,106
1,563
1,567
34,545
At 30 November 2023
100,768
34,204
6,062
6,162
147,196
At 30 November 2023
200,779
27,317
77,018
3,134
308,248
At 30 November 2022
223,088
36,423
3,774
4,701
267,986
Amounts falling due within one year
Amounts due from group undertakings etc.
9,374
-
Accrued income and prepayments
7,034
-
Other debtors
94,743
79,644
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
116,212
20,921
Amounts owed to group undertakings and other participating interests
37,940
-
Taxes and social security
13,214
9,114
Other creditors
10,608
10,353
Loans from directors
226,454
254,427
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
257,050
317,801
9
Average number of employees
During the year the average number of employees was 3 (2022: 5).