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Registered Number: 06887303
England and Wales

 

 

 

BIKRAM YOGA LONDON LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
Directors C C Chitnis
J S Chitnis
Registered Number 06887303
Registered Office Unit 15 City Business Centre
Lower Road
London
SE16 2XB
Accountants Cocke Vellacott & Hill
Unit 15 City Business Centre
Lower Road
London
SE16 2XB
1
Director's report and financial statements
The directors present report and unaudited accounts for the year ended 31 December 2024.
Principal activities
The principal activity of the company during the financial year was the operation of a studio for teaching yoga.
Directors
The directors who served the company throughout the year were as follows:
C C Chitnis
J S Chitnis
Audit exemption
Bikram Yoga London Limited has taken advantage of the exemption under Section 477 of the Companies Act 2006 and these financial statements are therefore unaudited.
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
Small companies' regime
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

This report was approved by the board and signed on its behalf by:


----------------------------------
C C Chitnis
Director

Date approved: 07 April 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 8,160    10,230 
Investments 4 410,674    410,674 
418,834    420,904 
Current assets      
Stocks 5 1,500    1,500 
Debtors 6 8,869    11,712 
Cash at bank and in hand 42,639    32,472 
53,008    45,684 
Creditors: amount falling due within one year 7 (198,053)   (269,189)
Net current assets (145,045)   (223,505)
 
Total assets less current liabilities 273,789    197,399 
Creditors: amount falling due after more than one year 8 (23,006)   (57,516)
Provisions for liabilities 9 (284)   (93)
Net assets 250,499    139,790 
 

Capital and reserves
     
Called up share capital 10 100    100 
Profit and loss account 250,399    139,690 
Shareholders' funds 250,499    139,790 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 07 April 2025 and were signed on its behalf by:


-------------------------------
C C Chitnis
Director
3
General Information
Bikram Yoga London Limited is a private company, limited by shares, registered in England and Wales, registration number 06887303, registration address Unit 15 City Business Centre, Lower Road, London, SE16 2XB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard Section 1A applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts. These accounts therefore reflect the company's own position and not that of the group.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax.
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past years and it is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profits. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
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 the income statement in the period to which they relate.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings lease term Straight Line
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 25% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 5 (2023 : 5).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 January 2024 70,490    190,385    6,401    267,276 
Additions      
Disposals      
At 31 December 2024 70,490    190,385    6,401    267,276 
Depreciation
At 01 January 2024 70,490    180,262    6,294    257,046 
Charge for year   2,043    27    2,070 
On disposals      
At 31 December 2024 70,490    182,305    6,321    259,116 
Net book values
Closing balance as at 31 December 2024   8,080    80    8,160 
Opening balance as at 01 January 2024   10,123    107    10,230 


4.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 January 2024 410,674    410,674 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2024 410,674    410,674 
The company's investment represents a 100% holding in JOCA Limited (company registration number 05126551. As noted in the accounting policies group accounts are not required as the two entities combined form a small group. JOCA Limited's retained loss for the 15 month period ended 31 December 2024 was £72,690 (2023: loss £31,154), group dividend paid nil (2023: nil) and its net assets at that date were £105,675 (2023: £178,365). 

5.

Stocks

2024
£
  2023
£
Stocks for resale 1,500    1,500 
1,500    1,500 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade debtors (2,843)  
Prepayments & accrued income 11,712    11,712 
8,869    11,712 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade creditors 7,040    20,225 
Commercial loans due within one year 34,509    69,305 
Amounts due to subsidiary company 113,550    83,919 
Corporation tax 12,910    17,275 
PAYE & Social Security 1,678    1,110 
Accrued expenses 2,101    (1)
Wages & Salaries Control Account 8,398    4,856 
Directors' current accounts   56,362 
VAT 17,867    16,138 
198,053    269,189 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Commercial loans due after one year 23,006    57,516 
23,006    57,516 

9.

Provisions for liabilities

2024
£
  2023
£
Pension Provisions 284    93 
284    93 

10.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

11.

Operating lease commitments

The company has total operating lease commitments in respect of land and buildings of £770,000 of which £304,000 fall due within 1-5 years (2023: £57,500).
4