Company registration number 14217712 (England and Wales)
COACHHUB LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
COACHHUB LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
COACHHUB LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
11,857,012
8,180,193
Cash at bank and in hand
75,311
129,755
11,932,323
8,309,948
Creditors: amounts falling due within one year
4
(12,484,223)
(9,984,408)
Net current liabilities
(551,900)
(1,674,460)
Creditors: amounts falling due after more than one year
5
(2,955,406)
(1,662,290)
Net liabilities
(3,507,306)
(3,336,750)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(3,507,406)
(3,336,850)
Total equity
(3,507,306)
(3,336,750)

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 June 2025 and are signed on its behalf by:
Mr C R Schwalm
Director
Company registration number 14217712 (England and Wales)
COACHHUB LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Coachhub Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Bay Lodge, 36 Harefield Road, Uxbridge, Middlesex, UB8 1PH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

 

Prior period of reporting covers 18 months since the date of incorporation of the company.

 

1.2
Going concern

The company relies on its ultimate parent undertaking to provide financial support in the form of extended credit terms for services supplied and intercompany loans. The director of the company has received a written letter of support from the parent company confirming that a sufficient level of support will continue for at least 12 months from the approval of these financial statements, and that the intercompany loan is not to be recalled at its next renewal date of May 2026 if this was to adversely impact on the company's liquidity. This is why the director believes that even though the company has made a loss during the period and its current liabilities exceed its assets, the director considers that it is appropriate for the financial statements to be prepared a going concern basis. true

 

The director believes that the parent undertaking has sufficient liquid resources available in the foreseeable future to support the company. In their review of availability of the parent's financial headroom for the foreseeable future, the director has taken into account prior year's signed consolidated financial statements, the latest current draft consolidated reports, the latest results of the parent company and 2025 and 2026 outlook on the budgeted group affairs.

1.3
Turnover

Turnover for a coaching platform licence starts to be recognised upon the send-out of the welcome email to a coachee and runs linearly until the licensed coaching has been completed. The unit price agreed with customers is determined by the monthly price per seat. The volume is determined by the number of coachees that have been activated on the platform.

 

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

COACHHUB LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company 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 company's balance sheet when the company 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 debtors 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.

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

Basic financial liabilities, including creditors loans from fellow group companies 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 payments 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 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.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

COACHHUB LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
29
42
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,193,574
322,829
Amounts owed by related parties
10,578,972
7,857,269
Other debtors
84,466
95
11,857,012
8,180,193
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
23,821
4,395
Amounts owed to related parties
10,106,951
9,372,780
Taxation and social security
122,938
17,352
Other creditors
2,230,513
589,881
12,484,223
9,984,408
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to related parties
2,955,406
1,662,290
6
Fixed and floating charge

The parent entity of the group has secured a bank loan by registering a floating and fixed charge over the assets of the company with Companies House.

The fixed charge applies to specific assets, restricting their disposal without lender approval, while the floating charge covers general assets, allowing normal business operations until crystallisation occurs.

While this arrangement does not affect the company’s day-to-day operations, it may limit its ability to independently leverage its assets. Further details regarding the charge are available in the Companies House filings.

 

 

COACHHUB LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
10,000
10,000
100
100
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

Emphasis of matter

In forming our opinion on the financial statements, which is not qualified, we have considered the adequacy of the disclosures made in note 1.2 to the financial statements, concerning the company’s ability to continue as a going concern.

 

The company is reliant on the support of its parent undertaking. In consequence of this parent support the company remains a going concern and therefore the accounts have been prepared on this basis.

Senior Statutory Auditor:
Colin Hamilton
Statutory Auditor:
Ward Williams Limited
Date of audit report:
30 June 2025
9
Related party transactions

The company has taken advantage of the exemption available under FRS 102, Section 33.1A, which allows it not to disclose transactions with wholly owned subsidiaries within the group. This exemption applies to transactions between group entities that are wholly owned by the group.

10
Parent company

The company is a wholly owned subsidiary of CoachHub GmbH, which is the ultimate controlling party with registered office address of Alexanderstra 36, 10179 Berlin.

The following are the parents of the largest and smallest groups in which this company's results are consolidated:

Largest group
CoachHub GmbH
Smallest group
CoachHub GmbH
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