1 1 Explore Pilates Ltd 12325406 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of providing Pilates Services. Digita Accounts Production Advanced 6.30.9574.0 true 12325406 2024-04-01 2025-03-31 12325406 2025-03-31 12325406 bus:OrdinaryShareClass1 2025-03-31 12325406 core:CurrentFinancialInstruments 2025-03-31 12325406 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 12325406 core:Non-currentFinancialInstruments 2025-03-31 12325406 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 12325406 core:FurnitureFittingsToolsEquipment 2025-03-31 12325406 core:OtherPropertyPlantEquipment 2025-03-31 12325406 bus:SmallEntities 2024-04-01 2025-03-31 12325406 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12325406 bus:FilletedAccounts 2024-04-01 2025-03-31 12325406 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12325406 bus:RegisteredOffice 2024-04-01 2025-03-31 12325406 bus:Director1 2024-04-01 2025-03-31 12325406 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 12325406 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12325406 bus:Agent1 2024-04-01 2025-03-31 12325406 core:FurnitureFittings 2024-04-01 2025-03-31 12325406 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 12325406 core:OfficeEquipment 2024-04-01 2025-03-31 12325406 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 12325406 core:PlantMachinery 2024-04-01 2025-03-31 12325406 countries:EnglandWales 2024-04-01 2025-03-31 12325406 2024-03-31 12325406 core:FurnitureFittingsToolsEquipment 2024-03-31 12325406 core:OtherPropertyPlantEquipment 2024-03-31 12325406 2023-04-01 2024-03-31 12325406 2024-03-31 12325406 bus:OrdinaryShareClass1 2024-03-31 12325406 core:CurrentFinancialInstruments 2024-03-31 12325406 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12325406 core:Non-currentFinancialInstruments 2024-03-31 12325406 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 12325406 core:FurnitureFittingsToolsEquipment 2024-03-31 12325406 core:OtherPropertyPlantEquipment 2024-03-31 12325406 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 12325406

Explore Pilates Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Explore Pilates Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Explore Pilates Ltd

Company Information

Director

Mr PJ Alegre

Registered office

142 Merton Hall Road
London
SW19 3PZ

Accountants

SK Accountants 53 Hurstdene Avenue
Staines Upon Thames
Surrey
TW18 1JG

 

Explore Pilates Ltd

(Registration number: 12325406)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

8,779

12,300

Current assets

 

Debtors

5

9,522

9,983

Cash at bank and in hand

 

31,571

30,131

 

41,093

40,114

Creditors: Amounts falling due within one year

6

(16,105)

(16,389)

Net current assets

 

24,988

23,725

Total assets less current liabilities

 

33,767

36,025

Creditors: Amounts falling due after more than one year

6

(37,210)

(38,503)

Net liabilities

 

(3,443)

(2,478)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(3,543)

(2,578)

Shareholders' deficit

 

(3,443)

(2,478)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 July 2025
 

.........................................
Mr PJ Alegre
Director

 

Explore Pilates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
142 Merton Hall Road
London
SW19 3PZ
England

These financial statements were authorised for issue by the director on 3 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

20% Straight line

Plant & machinery

10% Straight line

Office equipment

20% Straight line

 

Explore Pilates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

Explore Pilates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

3,288

28,628

31,916

At 31 March 2025

3,288

28,628

31,916

Depreciation

At 1 April 2024

2,254

17,362

19,616

Charge for the year

658

2,863

3,521

At 31 March 2025

2,912

20,225

23,137

Carrying amount

At 31 March 2025

376

8,403

8,779

At 31 March 2024

1,034

11,266

12,300

5

Debtors

Current

2025
£

2024
£

Prepayments

4,819

4,275

Other debtors

4,703

5,708

 

9,522

9,983

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

204

-

Accruals and deferred income

1,000

1,000

Other creditors

14,901

15,389

16,105

16,389

Creditors: amounts falling due after more than one year

 

Explore Pilates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

7,210

8,503

Other non-current financial liabilities

 

30,000

30,000

 

37,210

38,503

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

7,210

8,503

9

Dividends

Interim dividends paid

2025
£

2024
£

Interim dividend of £Nil per each Ordinary

-

-

 

 

10

Related party transactions

 

Explore Pilates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Remuneration

16,000

13,000