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REGISTERED NUMBER: 11993659 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

HM FITNESS LIMITED

HM FITNESS LIMITED (REGISTERED NUMBER: 11993659)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HM FITNESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M Iliyas
H Adamjee





REGISTERED OFFICE: 2 Cedargrove
Hagley
Stourbridge
West Midlands
DY9 0DR





REGISTERED NUMBER: 11993659 (England and Wales)





ACCOUNTANTS: Ashcrofts Accountants Limited
2 Cedargrove
Hagley
Stourbridge
West Midlands
DY9 0DR

HM FITNESS LIMITED (REGISTERED NUMBER: 11993659)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 150,997 150,997

CURRENT ASSETS
Debtors 5 171,101 171,452
Cash at bank 210 189
171,311 171,641
CREDITORS
Amounts falling due within one year 6 (336,110 ) (336,089 )
NET CURRENT LIABILITIES (164,799 ) (164,448 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,802

)

(13,451

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (13,902 ) (13,551 )
SHAREHOLDERS' FUNDS (13,802 ) (13,451 )

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

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

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 9 February 2025 and were signed on its behalf by:



M Iliyas - Director



H Adamjee - Director


HM FITNESS LIMITED (REGISTERED NUMBER: 11993659)

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


1. STATUTORY INFORMATION

HM Fitness 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 150,997
NET BOOK VALUE
At 31 May 2024 150,997
At 31 May 2023 150,997

HM FITNESS LIMITED (REGISTERED NUMBER: 11993659)

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


4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

James Lifestyle Limited
Registered office: Unit B2 Tanners Gate Retail Park Northall Street, Kettering, Nothamptonshire, NN16 8DS
Nature of business: Health fitness gym
%
Class of shares: holding
Ordinary 100.00
30.4.24 30.4.23
£    £   
Aggregate capital and reserves (106,698 ) (149,746 )
Profit/(loss) for the year 43,048 (10,118 )

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 125,408 125,781
Other debtors 12,000 12,000
VAT - 60
Deferred tax asset 396 314
Prepayments 33,297 33,297
171,101 171,452

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 373
Directors' loan accounts 335,776 335,403
Accruals and deferred income 334 313
336,110 336,089

7. DEFERRED TAX
£   
Balance at 1 June 2023 (314 )
Credited during the year (82 )
Balance at 31 May 2024 (396 )

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

HM FITNESS LIMITED (REGISTERED NUMBER: 11993659)

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


9. RESERVES
Retained
earnings
£   

At 1 June 2023 (13,551 )
Deficit for the year (351 )
At 31 May 2024 (13,902 )

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 May 2024, there was a loan from Mr M Iliyas of £167,888 (2023: £167,702). This unsecured loan is interest free and repayable on demand.

At 31 May 2024, there was a loan from Mr H Adamjee of £167,888 (2023: £167,701). This unsecured loan is interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

At 31 May 2024, there was loan due from James Lifestyle Limited of £125,408 (2023: £125,781), a company in which Mr M Iliyas and Mr H Adamjee are directors.The company is the parent undertaking of James Lifestyle Limited. This unsecured loan is interest free and repayable on demand.