IRIS Accounts Production v24.1.0.578 OC428771 designated member designated member 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4287712023-03-31OC4287712024-03-31OC4287712023-04-012024-03-31OC4287712022-03-31OC4287712022-04-012023-03-31OC4287712023-03-31OC428771ns15:EnglandWales2023-04-012024-03-31OC428771ns14:PoundSterling2023-04-012024-03-31OC428771ns10:Director12023-04-012024-03-31OC428771ns10:Director22023-04-012024-03-31OC428771ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC428771ns10:SmallEntities2023-04-012024-03-31OC428771ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31OC428771ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC428771ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC428771ns10:FullAccounts2023-04-012024-03-31OC428771ns10:RegisteredOffice2023-04-012024-03-31OC428771ns5:CurrentFinancialInstruments2024-03-31OC428771ns5:CurrentFinancialInstruments2023-03-31OC428771ns5:Non-currentFinancialInstruments2024-03-31OC428771ns5:Non-currentFinancialInstruments2023-03-31OC428771ns5:PlantMachinery2023-04-012024-03-31OC428771ns5:PlantMachinery2023-03-31OC428771ns5:PlantMachinery2024-03-31OC428771ns5:PlantMachinery2023-03-31OC428771ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31OC428771ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31OC428771ns5:CurrentFinancialInstruments2023-04-012024-03-31OC428771ns5:Secured2024-03-31OC428771ns5:Secured2023-03-31
REGISTERED NUMBER: OC428771 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 March 2024

for

Body Fresh Fitness LLP

Body Fresh Fitness LLP (Registered number: OC428771)

Contents of the Financial Statements
For The Year Ended 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Body Fresh Fitness LLP

General Information
For The Year Ended 31 March 2024







DESIGNATED MEMBERS: Mr M Fowl
Mr M J Weston





REGISTERED OFFICE: 10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET





REGISTERED NUMBER: OC428771 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Body Fresh Fitness LLP (Registered number: OC428771)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,467 38,882

CURRENT ASSETS
Debtors 5 106 255
Cash at bank 46,029 19,981
46,135 20,236
CREDITORS
Amounts falling due within one year 6 21,689 21,553
NET CURRENT ASSETS/(LIABILITIES) 24,446 (1,317 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,913

37,565

CREDITORS
Amounts falling due after more than one
year

7

27,276

35,076
NET ASSETS ATTRIBUTABLE TO
MEMBERS

24,637

2,489

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

24,637

2,489

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 24,637 2,489
Amounts due from members 5 - (149 )
24,637 2,340

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Body Fresh Fitness LLP (Registered number: OC428771)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 11 June 2024 and were signed by:




Mr M Fowl - Designated member




Mr M J Weston - Designated member


Body Fresh Fitness LLP (Registered number: OC428771)

Notes to the Financial Statements
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Body Fresh Fitness LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

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

Government grants
Grants relating to revenue are recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Government grants have been presented as other operating income in the Income Statement.

Financial instruments
The LLP has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the LLP's statement of financial position when the LLP becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

Body Fresh Fitness LLP (Registered number: OC428771)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as ·current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss In finance costs or finance income as appropriate unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value though profit or toss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities
Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged or cancelled.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

Body Fresh Fitness LLP (Registered number: OC428771)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 67,129
Additions 2,822
Disposals (7,828 )
At 31 March 2024 62,123
DEPRECIATION
At 1 April 2023 28,247
Charge for year 6,834
Eliminated on disposal (425 )
At 31 March 2024 34,656
NET BOOK VALUE
At 31 March 2024 27,467
At 31 March 2023 38,882

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 106 255

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,300 5,300
Taxation and social security 3,462 -
Other creditors 12,927 16,253
21,689 21,553

Included within bank loans and overdrafts is a loan taken out under the BBL scheme.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,109 13,409
Other creditors 19,167 21,667
27,276 35,076

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 9,167 11,667

Body Fresh Fitness LLP (Registered number: OC428771)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 13,409 18,709

Bank loan has secured one of the assets concerned.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Unsecured debt due to members will rank equally with debts due to other unsecured creditors in a winding up.