REGISTERED NUMBER: 11167496 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Out Of Heaven Dance And Fitness Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs S Zheng

REGISTERED OFFICE:

4th Floor, Carliol Studio

Sunco House, Carliol Square

Newcastle Upon Tyne

NE1 6UF

REGISTERED NUMBER:

11167496 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

52-56 Coatsworth Road

Gateshead

NE8 1QN

Fixed assets

Intangible assets

4

4,083

5,083

Tangible assets

5

25,927

30,110

30,010

35,193

Current assets

Debtors

6

4,729

-

Cash at bank and in hand

13,890

9,528

18,619

9,528

Creditors

Amounts falling due within one year

7

(9,049

)

(3,808

)

Net current assets

9,570

5,720

Total assets less current liabilities

39,580

40,913

Capital and reserves

Called up share capital

100

100

Retained earnings

8

39,480

40,813

39,580

40,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 15 September 2025 and were signed by:

Mrs S Zheng - Director

1.	STATUTORY INFORMATION

Out Of Heaven Dance And Fitness Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

10,000

AMORTISATION

At 1 January 2024

4,917

Charge for year

1,000

At 31 December 2024

5,917

NET BOOK VALUE

At 31 December 2024

4,083

At 31 December 2023

5,083

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

37,400

7,953

45,353

DEPRECIATION

At 1 January 2024

14,853

390

15,243

Charge for year

3,521

662

4,183

At 31 December 2024

18,374

1,052

19,426

NET BOOK VALUE

At 31 December 2024

19,026

6,901

25,927

At 31 December 2023

22,547

7,563

30,110

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Social security and other tax

4,729

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,580

4,975

Corporation tax

1,565

427

Social security and other tax

-

(5,744

)

Pension Liability

88

88

VAT

4,816

4,062

9,049

3,808

8.

RESERVES

Retained

earnings

£

At 1 January 2024

40,813

Deficit for the year

(333

)

Dividends

(1,000

)

At 31 December 2024

39,480

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividends of £1,000 were paid to the director throughout the period ended 31st December 2024 (Nil- 2023).