REGISTERED NUMBER: 09836169 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE BODY CAMP LIMITED

Page

Statement of Financial Position

1

to

2

Notes to the Financial Statements

3

to

9

FIXED ASSETS

Intangible assets

4

303

605

Tangible assets

5

41,492

54,531

41,795

55,136

CURRENT ASSETS

Stocks

5,978

6,926

Debtors

6

49,618

174,285

Cash at bank and in hand

158,401

153,918

213,997

335,129

CREDITORS

Amounts falling due within one year

7

(213,324

)

(325,130

)

NET CURRENT ASSETS

673

9,999

TOTAL ASSETS LESS CURRENT LIABILITIES

42,468

65,135

CREDITORS

Amounts falling due after more than one year

8

(114,583

)

(8,799

)

PROVISIONS FOR LIABILITIES

(7,884

)

(10,361

)

NET (LIABILITIES)/ASSETS

(79,999

)

45,975

CAPITAL AND RESERVES

Called up share capital

92

78

Retained earnings

(80,091

)

45,897

(79,999

)

45,975

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 30 September 2025 and were signed by:

K L Whale - Director

1.	STATUTORY INFORMATION

THE BODY CAMP LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09836169

Registered office:

C/o DPC Accountants

Stone House

55 Stone Road Business Park

Stoke on Trent

Staffordshire

ST4 6SR

The principal activity during the year was that of a fitness retreats.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

As described in the accounting policies of the financial statements, depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account actual asset lives and residual values as evidence by disposals during current and prior accounting periods.

GOING CONCERN

The accounts have been prepared on the going concern basis. The director believes this to be appropriate as she is confident that the actions taken this year to reduce running costs and increase revenues will return the company to profitability.

The director has supported the cash flow of the company via the introduction of a loan.

REVENUE RECOGNITION

The turnover shown in the profit and loss account represents amounts received or receivable net of discounts and is exclusive of Value Added Tax. The company operates a fitness retreat. Income is derived from guests visiting the retreat and is recognised during the year of their stay.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Patents - 10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

TANGIBLE FIXED ASSETS

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

Short leasehold

-

20% on cost

Plant and machinery

-

25% reducing balance

Website development

-

33% on cost

Motor vehicles

-

25% reducing balance

Computer equipment

-

33% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgeneratingunit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

STOCKS

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

FINANCIAL INSTRUMENTS

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

DEFINED CONTRIBUTION PLANS

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

EMPLOYEE BENEFITS

The company provides a range of benefits to employees.

Short term benefits, including holiday pay, are recognised as an expenses in the profit and loss account in the period in which they are incurred

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

3,024

AMORTISATION

At 1 January 2024

2,419

Charge for year

302

At 31 December 2024

2,721

NET BOOK VALUE

At 31 December 2024

303

At 31 December 2023

605

5.	TANGIBLE FIXED ASSETS

Short

Plant and

Website

leasehold

machinery

development

£

£

£

COST

At 1 January 2024

10,692

164,051

4,265

Additions

-

181

-

Disposals

(10,692

)

-

-

At 31 December 2024

-

164,232

4,265

DEPRECIATION

At 1 January 2024

10,692

120,014

4,265

Charge for year

-

11,010

-

Eliminated on disposal

(10,692

)

-

-

At 31 December 2024

-

131,024

4,265

NET BOOK VALUE

At 31 December 2024

-

33,208

-

At 31 December 2023

-

44,037

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

50,473

10,711

240,192

Additions

-

611

792

Disposals

-

-

(10,692

)

At 31 December 2024

50,473

11,322

230,292

DEPRECIATION

At 1 January 2024

40,885

9,805

185,661

Charge for year

2,397

424

13,831

Eliminated on disposal

-

-

(10,692

)

At 31 December 2024

43,282

10,229

188,800

NET BOOK VALUE

At 31 December 2024

7,191

1,093

41,492

At 31 December 2023

9,588

906

54,531

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

11,983

80,153

Other debtors

13,208

11,962

Directors' loan accounts

-

6,552

Tax

-

9,375

VAT

3,441

-

Called up share capital not paid

20

5

Prepayments and accrued income

20,966

66,238

49,618

174,285

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

8,799

21,117

Other loans

13,656

-

Trade creditors

6,345

6,594

Social security and other taxes

10,481

10,187

VAT

-

1,344

Other creditors

2,314

21,960

Directors' loan accounts

49,759

-

Accruals and deferred income

121,970

263,928

213,324

325,130

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

-

8,799

Other loans - 1-2 years

6,667

-

Other loans - 2-5 years

5,555

-

Directors' loan accounts

102,361

-

114,583

8,799

The company has a Coronavirus Business Interruption Loan, the loan is repayable by May 2025.

The company has a shareholder loan from Benjamin Whale, the loan is repayable by October 2027, the interest rate is 5% per annum.

9.	OTHER FINANCIAL COMMITMENTS

The amount of other commitments, guarantees and contingencies is £2,570 (2023: £8,947).

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

K L Whale

Balance outstanding at start of year

6,552

6,543

Amounts advanced

9,655

405

Amounts repaid

(168,327

)

(396

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(152,120

)

6,552

The company has a shareholder loan from Katherine Whale, the loan is repayable by October 2027, the interest rate is 5% per annum.

11.	EVENTS AFTER THE END OF THE REPORTING PERIOD

There were no significant events up to the date of approval of the financial statements by the Board.

12.	GOING CONCERN

The accounts have been prepared on the going concern basis. The director believes this to be appropriate as she is confident that the actions taken this year to reduce running costs and increase revenues will return the company to profitability.

The director has supported the cash flow of the company via the introduction of a loan.