Athletic Club 2 Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11068391

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		326,159		297,165

			326,159		297,165
CURRENT ASSETS
Stocks	5	35,529		34,502
Debtors	6	123,388		599,910
Cash at bank and in hand		141,716		137,646

		300,633		772,058
Creditors: Amounts Falling Due Within One Year	7	(316,544 )		(171,236 )

NET CURRENT ASSETS (LIABILITIES)			(15,911 )		600,822

TOTAL ASSETS LESS CURRENT LIABILITIES			310,248		897,987

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,013 )		-

NET ASSETS			307,235		897,987

CAPITAL AND RESERVES
Called up share capital	8		143		143
Share premium account			-		774,950
Profit and Loss Account			307,092		122,894

SHAREHOLDERS' FUNDS			307,235		897,987

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Athletic Club 2 Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Charles Mardon

Director

30/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Athletic Club 2 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11068391 . The registered office is 1285 Century Way, Leeds, England, LS15 8ZB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	6 Years Straight Line
Plant & Machinery	5 Years Straight Line
Fixtures & Fittings	15% Reducing Balance
Computer Equipment	33% Straight Line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Athletic Club 2 Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2023: 9)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	190,125	481,032	306,575	1,843	979,575
Additions	39,378	90,148	15,250	1,943	146,719
Disposals	-	-	(790 )	-	(790 )

As at 31 December 2024	229,503	571,180	321,035	3,786	1,125,504

Depreciation
As at 1 January 2024	67,093	393,783	220,839	695	682,410
Provided during the period	32,858	37,026	46,859	794	117,537
Disposals	-	-	(602 )	-	(602 )

As at 31 December 2024	99,951	430,809	267,096	1,489	799,345

Net Book Value
As at 31 December 2024	129,552	140,371	53,939	2,297	326,159

As at 1 January 2024	123,032	87,249	85,736	1,148	297,165

5. Stocks

	2024	2023
	£	£
Finished goods	35,529	34,502

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	216	500
Prepayments and accrued income	19,174	15,481
Other debtors	22,375	146,347
Directors' loan accounts	66,623	250,983
Amounts owed by associates	15,000	186,599

	123,388	599,910

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Athletic Club 2 Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	118,155	29,916
Corporation tax	-	70,913
Other taxes and social security	16,179	931
VAT	6,683	35,585
Net wages	6,085	-
Other creditors	433	-
Accruals and deferred income	169,009	33,891

	316,544	171,236

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	143	143

9. Directors Advances, Credits and Guarantees

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Charles Mardon	66,342	66,342	-	-	-
Mr Russell Wood	184,581	184,581	-	-	44,725

The above loan is unsecured, interest free and repayable on demand.

10. Related Party Transactions

The following amounts were outstanding from related parties at the reporting date:

Athletic Club Ltd

2024: £0 (2023: £4,965)

Power of 3 Lifting Ltd

2024: £0 (2023: £165,013)

Hit5 Training Ltd

2024: £15,000 (2023: £16,471)

Elev8te Fitness Ltd

2024: £0 (2023: £150)

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