REGISTERED NUMBER: 07094561 (England and Wales)

Audited Financial Statements for the Year Ended 31 December 2024

for

Headspace Meditation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Lytle

REGISTERED OFFICE:

Suite 5

7th floor

50 Broadway

London

SW1H0DB

REGISTERED NUMBER:

07094561 (England and Wales)

AUDITORS:

Mark Arber Limited

Chartered Certified Accountants

& Statutory Auditors

71-75 Shelton Street

London

WC2H 9JQ

CURRENT ASSETS

Debtors

4

1,471,577

959,067

Cash at bank

762,738

1,297,040

2,234,315

2,256,107

CREDITORS

Amounts falling due within one year

5

(468,725

)

(604,106

)

NET CURRENT ASSETS

1,765,590

1,652,001

TOTAL ASSETS LESS CURRENT LIABILITIES

1,765,590

1,652,001

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,765,588

1,651,999

SHAREHOLDERS' FUNDS

1,765,590

1,652,001

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 director and authorised for issue on 23 September 2025 and were signed by:

P Lytle - Director

1.	STATUTORY INFORMATION

Headspace Meditation 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.

These financial statements have been drawn up on the going concern basis. The company is dependent upon the support of its parent company, and only customer, in order to meet its working capital requirements. The parent company has provided assurances that this support will continue for a period that exceeds twelve months from the date of approval of these financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event for which it is probable that there will be an outflow of economic benefits that can be reasonably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 31 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

1,391,428

849,701

Other debtors

80,149

109,366

1,471,577

959,067

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

14,921

30,196

Taxation and social security

226,997

304,644

Other creditors

226,807

269,266

468,725

604,106

Amounts due to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand. The current year amounts owed by/to parent undertaking have been presented at net value as these balances will be settled on a net basis.

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

The Report of the Auditors was unqualified.

Mark Arber (Senior Statutory Auditor)

for and on behalf of Mark Arber Limited

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY