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REGISTERED NUMBER: 09929820 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST DECEMBER 2024 |

| FOR |

| OLYMPUS GYMNASTICS CLUB LTD |

OLYMPUS GYMNASTICS CLUB LTD (REGISTERED NUMBER: 09929820) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| OLYMPUS GYMNASTICS CLUB LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2024

| DIRECTORS: | P J Edwards

| J A Edwards

| M Abbiati

| REGISTERED OFFICE: | 25 Grosvenor Road

| Wrexham

| LL11 1BT

| REGISTERED NUMBER: | 09929820 (England and Wales)

| ACCOUNTANTS: | M. D. Coxey and Co. Limited

| Chartered Accountants

| 25 Grosvenor Road

| Wrexham

| LL11 1BT

| BANKERS: | Santander UK plc

| Bridle Road

| Bootle

| L30 4GB

OLYMPUS GYMNASTICS CLUB LTD (REGISTERED NUMBER: 09929820) |

BALANCE SHEET

31ST DECEMBER 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 17,214 |  | 16,593 |  |

CURRENT ASSETS

Debtors | 5 | 4,877 |  | 4,934 |  |

Cash at bank | 47,205 |  | 65,495 |  |

52,082 |  | 70,429 |  |

CREDITORS

Amounts falling due within one year | 6 | 9,322 |  | 15,500 |  |

NET CURRENT ASSETS | 42,760 |  | 54,929 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 59,974 |  | 71,522 |  |

PROVISIONS FOR LIABILITIES | 7 | 638 |  | 2,832 |  |

NET ASSETS | 59,336 |  | 68,690 |  |

RESERVES

Income and expenditure account | 59,336 |  | 68,690 |  |

59,336 |  | 68,690 |  |

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

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

The directors acknowledge their 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 surplus or deficit 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st September 2025 and were signed on its behalf by:

P J Edwards - Director

OLYMPUS GYMNASTICS CLUB LTD (REGISTERED NUMBER: 09929820) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

1. | STATUTORY INFORMATION

| Olympus Gymnastics Club Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| 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 cost

| Gym equipment | - | 25% on cost

| Computer equipment | - | 15% on cost

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 surplus or deficit 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.

OLYMPUS GYMNASTICS CLUB LTD (REGISTERED NUMBER: 09929820) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 10 (2023 - 9 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Gym |  | Computer |

| machinery |  | equipment |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1st January 2024 | 4,875 |  | 109,466 |  | 5,129 |  | 119,470 |  |

| Additions | 659 |  | 6,276 |  | 858 |  | 7,793 |  |

| At 31st December 2024 | 5,534 |  | 115,742 |  | 5,987 |  | 127,263 |  |

| DEPRECIATION

| At 1st January 2024 | 2,166 |  | 97,334 |  | 3,377 |  | 102,877 |  |

| Charge for year | 716 |  | 5,994 |  | 462 |  | 7,172 |  |

| At 31st December 2024 | 2,882 |  | 103,328 |  | 3,839 |  | 110,049 |  |

| NET BOOK VALUE

| At 31st December 2024 | 2,652 |  | 12,414 |  | 2,148 |  | 17,214 |  |

| At 31st December 2023 | 2,709 |  | 12,132 |  | 1,752 |  | 16,593 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 113 |  | - |  |

| Other debtors | 3,851 |  | 4,357 |  |

| Prepayments | 913 |  | 577 |  |

4,877 |  | 4,934 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade creditors | 553 |  | (326 | ) |

| Tax | - |  | 36 |  |

| Social security and other taxes | 3,591 |  | 2,139 |  |

| Other creditors | - |  | 1,280 |  |

| Directors' current accounts | 2,298 |  | 1,674 |  |

| Accrued expenses | 2,880 |  | 10,697 |  |

9,322 |  | 15,500 |  |

7. | PROVISIONS FOR LIABILITIES

| 31.12.24 |  | 31.12.23

£ | £ |

| Deferred tax

| Accelerated capital allowances | 3,008 |  | 2,832 |  |

| Tax losses carried forward | (2,370 | ) | - |  |

638 |  | 2,832 |  |

OLYMPUS GYMNASTICS CLUB LTD (REGISTERED NUMBER: 09929820) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

7. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1st January 2024 | 2,832 |  |

| Movement in year due to: |

| changes in tax rates | 176 |  |

| changes in tax allowances |

| movement in losses available | (2,370 | ) |

| Balance at 31st December 2024 | 638 |  |

8. | CAPITAL COMMITMENTS

| 31.12.24 |  | 31.12.23

£ | £ |

| Contracted but not provided for in the

| financial statements | - |  | - |  |

9. | LIMITED BY GUARANTEE

| The company is limited by guarantee, and at the year end had 3 members (2023: 4). Each member has undertaken to pay £1 to the company in the event that it is wound up. The value of the guarantee at the year end is, therefore, £3 (2023: £4).