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Registered number: 15289570
Obsidiangym Limited
Unaudited Financial Statements
For the Period 16 November 2023 to 30 November 2024
Taxave Limited
59 Gales Drive
Crawley
RH10 1QA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15289570
30 November 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 229,965
229,965
CURRENT ASSETS
Debtors 5 17,608
Cash at bank and in hand 3,644
21,252
Creditors: Amounts Falling Due Within One Year 6 (319,313 )
NET CURRENT ASSETS (LIABILITIES) (298,061 )
TOTAL ASSETS LESS CURRENT LIABILITIES (68,096 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (43,694 )
NET LIABILITIES (111,790 )
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account (111,791 )
SHAREHOLDERS' FUNDS (111,790)
Page 1
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For the period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Juliet Hollobone
Director
18th August 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Obsidiangym Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15289570 . The registered office is 22 Bridge Close, Horam, Heathfield, TN21 0HJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The company did not begin trading until 1st February 2025 due to the length of time taken to set up the business with equipment.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on 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 profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 16 November 2023 - - -
Additions 287,052 404 287,456
As at 30 November 2024 287,052 404 287,456
Depreciation
As at 16 November 2023 - - -
Provided during the period 57,410 81 57,491
As at 30 November 2024 57,410 81 57,491
Net Book Value
As at 30 November 2024 229,642 323 229,965
As at 16 November 2023 - - -
5. Debtors
30 November 2024
£
Due within one year
Other debtors 17,608
6. Creditors: Amounts Falling Due Within One Year
30 November 2024
£
Trade creditors 222,766
Other loans 16,005
Other creditors 80,542
319,313
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7. Share Capital
30 November 2024
£
Allotted, Called up and fully paid 1
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