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REGISTERED NUMBER: 12584943 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Hybrid Fitness Putney Ltd

Hybrid Fitness Putney Ltd (Registered number: 12584943)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hybrid Fitness Putney Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M A Taylor
G J Waterman





REGISTERED OFFICE: St Albans House
11 St Albans Road
Sutton
Surrey
SM1 2JG





REGISTERED NUMBER: 12584943 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG

Hybrid Fitness Putney Ltd (Registered number: 12584943)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 221,252 62,010

CURRENT ASSETS
Debtors 5 53,441 1,184
Cash at bank 17,708 -
71,149 1,184
CREDITORS
Amounts falling due within one year 6 136,620 13,517
NET CURRENT LIABILITIES (65,471 ) (12,333 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,781

49,677

CREDITORS
Amounts falling due after more than one
year

7

237,205

110,214
NET LIABILITIES (81,424 ) (60,537 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (81,425 ) (60,538 )
(81,424 ) (60,537 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Hybrid Fitness Putney Ltd (Registered number: 12584943)

Balance Sheet - continued
30 June 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 27 June 2025 and were signed on its behalf by:





M A Taylor - Director


Hybrid Fitness Putney Ltd (Registered number: 12584943)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Hybrid Fitness Putney Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Hybrid Fitness Putney Ltd (Registered number: 12584943)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Going concern
The company Balance sheet shows that liabilities exceed assets by £81,244 (2023:£60,537) . The company's operations have been funded by the directors and from other creditors who have undertaken not to withdraw their support until the company is able to fund its own operations from realised profits. For this reason the directors consider it appropriate to prepare these accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 62,010
Additions 217,117
At 30 June 2024 279,127
DEPRECIATION
Charge for year 57,875
At 30 June 2024 57,875
NET BOOK VALUE
At 30 June 2024 221,252
At 30 June 2023 62,010

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
Additions 166,229
At 30 June 2024 166,229
DEPRECIATION
Charge for year 33,246
At 30 June 2024 33,246
NET BOOK VALUE
At 30 June 2024 132,983

Hybrid Fitness Putney Ltd (Registered number: 12584943)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by group undertakings 51,162 -
Other debtors 2,279 1,184
53,441 1,184

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Finance leases (see note 8) 25,482 -
Trade creditors 47,722 2,853
Amounts owed to group undertakings - 6,624
Taxation and social security 15,449 -
Other creditors 47,967 4,040
136,620 13,517

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Finance leases (see note 8) 126,991 -
Other creditors 110,214 110,214
237,205 110,214

8. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 25,482 -
Between one and five years 126,991 -
152,473 -

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Finance leases 152,473 -

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Hybrid Fitness Franchise Limited, a company incorporated in England & Wales.