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REGISTERED NUMBER: 05546736 (England and Wales)















MONSTER GYMNASIUM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






MONSTER GYMNASIUM LIMITED (REGISTERED NUMBER: 05546736)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONSTER GYMNASIUM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr S Collins
Mrs A Collins





SECRETARY:





REGISTERED OFFICE: Hale House, Unit 5
296a Green Lanes
Palmers Green
London
N13 5TW





REGISTERED NUMBER: 05546736 (England and Wales)





ACCOUNTANTS: T. PA Accountancy Services Limited
Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TW

MONSTER GYMNASIUM LIMITED (REGISTERED NUMBER: 05546736)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,602 42,711

CURRENT ASSETS
Stocks 5 820 1,580
Debtors 6 - 7,028
Cash in hand 87 964
907 9,572
CREDITORS
Amounts falling due within one year 7 67,966 54,923
NET CURRENT LIABILITIES (67,059 ) (45,351 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,457

)

(2,640

)

CREDITORS
Amounts falling due after more than one year 8 85,682 97,769
NET LIABILITIES (110,139 ) (100,409 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 (110,141 ) (100,411 )
SHAREHOLDERS' FUNDS (110,139 ) (100,409 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

MONSTER GYMNASIUM LIMITED (REGISTERED NUMBER: 05546736)

BALANCE SHEET - continued
31 AUGUST 2024


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 19 November 2024 and were signed on its behalf by:





Mr S Collins - Director


MONSTER GYMNASIUM LIMITED (REGISTERED NUMBER: 05546736)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Monster Gymnasium Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

MONSTER GYMNASIUM LIMITED (REGISTERED NUMBER: 05546736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 4,000 12,643 319,475 3,287 339,405
Additions - - 6,372 2,173 8,545
At 31 August 2024 4,000 12,643 325,847 5,460 347,950
DEPRECIATION
At 1 September 2023 - - 294,485 2,209 296,694
Charge for year - - 7,841 813 8,654
At 31 August 2024 - - 302,326 3,022 305,348
NET BOOK VALUE
At 31 August 2024 4,000 12,643 23,521 2,438 42,602
At 31 August 2023 4,000 12,643 24,990 1,078 42,711

5. STOCKS
2024 2023
£    £   
Stocks 820 1,580

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments - 7,028

MONSTER GYMNASIUM LIMITED (REGISTERED NUMBER: 05546736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,794 19,887
Social security and other taxes 181 192
VAT 8,142 10,064
Directors' loan accounts 8,702 533
Trade creditors & accruals 31,147 24,247
67,966 54,923

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 63,235 63,235
Bounce Back Loan 22,447 34,534
85,682 97,769

Amounts falling due in more than five years:

Repayable by instalments
Bounce Back Loan 22,447 34,534

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 September 2023 (100,411 )
Deficit for the year (9,730 )
At 31 August 2024 (110,141 )