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REGISTERED NUMBER: 13100371 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE SPOTT FITNESS LIMITED

THE SPOTT FITNESS LIMITED (REGISTERED NUMBER: 13100371)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountant's Report 5

THE SPOTT FITNESS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: M J Dembovsky
B Hodson





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 13100371 (England and Wales)





ACCOUNTANT: Cameron Baum Hollander Limited
Chartered Accountants
Suite A
1-3 Canfield Place
London
NW6 3BT

THE SPOTT FITNESS LIMITED (REGISTERED NUMBER: 13100371)

ABRIDGED BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,426,941 242,105
Tangible assets 5 29,069 31
1,456,010 242,136

CURRENT ASSETS
Debtors 36,576 7,575
Cash at bank 57,951 53,613
94,527 61,188
CREDITORS
Amounts falling due within one year 2,297,838 393,545
NET CURRENT LIABILITIES (2,203,311 ) (332,357 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(747,301

)

(90,221

)

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings (747,701 ) (90,621 )
(747,301 ) (90,221 )

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 May 2025 and were signed on its behalf by:





M J Dembovsky - Director


THE SPOTT FITNESS LIMITED (REGISTERED NUMBER: 13100371)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

The Spott 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Goodwill
Goodwill, being the excess amount paid in connection with the acquisition of the business and net assets of Covenant Advisory CIC, is being amortised evenly over its estimated useful life of 10 years.

3. EMPLOYEES AND DIRECTORS

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

THE SPOTT FITNESS LIMITED (REGISTERED NUMBER: 13100371)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 242,105
Additions 1,281,498
At 31 December 2024 1,523,603
AMORTISATION
Amortisation for year 96,662
At 31 December 2024 96,662
NET BOOK VALUE

At 31 December 2024 1,426,941
At 31 December 2023 242,105

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 104
Additions 38,608
At 31 December 2024 38,712
DEPRECIATION
At 1 January 2024 73
Charge for year 9,570
At 31 December 2024 9,643
NET BOOK VALUE
At 31 December 2024 29,069
At 31 December 2023 31

6. RELATED PARTY DISCLOSURES

Creditors include loans totalling £1,928,472 owed to Centrovalli Limited, a company incorporated in the British Virgin Islands.

7. ULTIMATE CONTROLLING PARTY

The company is controlled by Centrovalli Limited, a company incorporated in the British Virgin Islands.

CHARTERED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE SPOTT FITNESS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of The Spott Fitness Limited for the year ended 31 December 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Spott Fitness Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of The Spott Fitness Limited and state those matters that I have agreed to state to the Board of Directors of The Spott Fitness Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than The Spott Fitness Limited and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that The Spott Fitness Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Spott Fitness Limited. You consider that The Spott Fitness Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of The Spott Fitness Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Cameron Baum Hollander Limited
Chartered Accountants
Suite A
1-3 Canfield Place
London
NW6 3BT


6 May 2025