TOTAL GYMNASTICS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs E K Allen

J De Bruin

B W Scurrah

Ms M J Reynolds

P D Kirwin

REGISTERED OFFICE:

Unit B, Stadium Way West

Milton Keynes

Buckinghamshire

MK1 1ST

REGISTERED NUMBER:

06764222 (England and Wales)

SENIOR STATUTORY AUDITOR:

Alberto Di Lorenzo FCA

AUDITORS:

HW Bedford Limited

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Investments

4

2

2

CURRENT ASSETS

Debtors

5

875

875

Cash at bank

-

34

875

909

CREDITORS

Amounts falling due within one year

6

129

129

NET CURRENT ASSETS

746

780

TOTAL ASSETS LESS CURRENT LIABILITIES

748

782

CAPITAL AND RESERVES

Called up share capital

7

225

225

Share premium

699,975

699,975

Retained earnings

(699,452

)

(699,418

)

SHAREHOLDERS' FUNDS

748

782

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 19th September 2025 and were signed on its behalf by:

P D Kirwin - Director

1.	STATUTORY INFORMATION

Total Gymnastics 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.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:-

Computer equipment 33% p.a. reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2024

and 31st December 2024

2

NET BOOK VALUE

At 31st December 2024

2

At 31st December 2023

2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Total Gymnastics Academies Limited

Registered office: Unit B, First Floor, Stadium Way West, Milton Keynes, England, MK1 1ST

Nature of business: Gymnastic teaching

% of Holding

Class of shares:

100% Ordinary Shares

31/12/2024

£

Aggregate capital and reserves

1

Beth Tweddle Gym Stars Limited

Registered office: Manor Farm, East Tanfield, Ripon, England, HG4 5LN

Nature of business: Gymnastic teaching

% of Holding

Class of shares:

100% Ordinary Shares

31/12/2024

£

Aggregate capital and reserves

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Prepayments and accrued income

875

875

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

1

1

VAT

128

128

129

129

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2,250

Ordinary

£0.10

225

225

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alberto Di Lorenzo FCA (Senior Statutory Auditor)

for and on behalf of HW Bedford Limited