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Company No: 15314884 (England and Wales)

TRIBES FITNESS LIMITED

Unaudited Financial Statements
For the financial period from 28 November 2023 to 31 March 2025
Pages for filing with the registrar

TRIBES FITNESS LIMITED

Unaudited Financial Statements

For the financial period from 28 November 2023 to 31 March 2025

Contents

TRIBES FITNESS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
TRIBES FITNESS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 31.03.2025
£
Fixed assets
Tangible assets 3 75,966
75,966
Current assets
Debtors 4 40,621
Cash at bank and in hand 44,482
85,103
Creditors: amounts falling due within one year 5 ( 54,415)
Net current assets 30,688
Total assets less current liabilities 106,654
Creditors: amounts falling due after more than one year 6 ( 23,750)
Net assets 82,904
Capital and reserves
Called-up share capital 7 11
Share premium account 150,011
Profit and loss account ( 67,118 )
Total shareholders' funds 82,904

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

Directors' responsibilities:

The financial statements of Tribes Fitness Limited (registered number: 15314884) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

S Sanyal
Director

18 August 2025

TRIBES FITNESS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 28 November 2023 to 31 March 2025
TRIBES FITNESS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 28 November 2023 to 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Tribes Fitness Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 96a Clifton Hill, London, NW8 0JT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 5 years straight line
Fixtures and fittings 4 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and 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.

2. Employees

Period from
28.11.2023 to
31.03.2025
Number
Monthly average number of persons employed by the company during the period, including directors 3

3. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 28 November 2023 0 0 0 0
Additions 42,100 14,903 39,945 96,948
At 31 March 2025 42,100 14,903 39,945 96,948
Accumulated depreciation
At 28 November 2023 0 0 0 0
Charge for the financial period 10,525 2,947 7,510 20,982
At 31 March 2025 10,525 2,947 7,510 20,982
Net book value
At 31 March 2025 31,575 11,956 32,435 75,966

4. Debtors

31.03.2025
£
Prepayments 5,621
Other debtors 35,000
40,621

5. Creditors: amounts falling due within one year

31.03.2025
£
Trade creditors 1,092
Accruals and deferred income 49,016
Other taxation and social security 4,307
54,415

6. Creditors: amounts falling due after more than one year

31.03.2025
£
Other creditors 23,750

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital and reserves

31.03.2025
£
Allotted, called-up and fully-paid
1,111,110 Ordinary shares of £ 0.00001 each 11
Presented as follows:
Called-up share capital presented as equity 11

The Company's other reserves are as follows:

The share premium reserve contains the premium arising on issue of equity shares, net of issue expenses.

8. Financial commitments

Other financial commitments

31.03.2025
£
Operating leases - due less than 1 year 60,000
Operating leases - due 1 to 2 years 67,500
Operating leases - due more than 2 years 303,333
430,833

9. Related party transactions

Included within other creditors is a balance of £23,750, owed to the directors. The balance is unsecured and interest free with no fixed repayment terms.