CELEBRATE GYMNASTICS CLUB LTD


Director	GRATZE, Angela Karin


Registered Address	Old Granary
	Dunton Road
	Basildon
	SS15 4DB


Registered Number	12353476 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		69,805		93,464
			69,805		93,464
Current assets
Debtors	4	11,544		18,046
Cash at bank and on hand		79,767		71,936
		91,311		89,982
Creditors amounts falling due within one year	5	(38,066)		(44,835)
Net current assets (liabilities)			53,245		45,147
Total assets less current liabilities			123,050		138,611
Creditors amounts falling due after one year	6		(39,153)		(77,152)
Net assets			83,897		61,459
Capital and reserves
Called up share capital			143		143
Share premium			67,348		67,348
Profit and loss account			16,406		(6,032)
Shareholders' funds			83,897		61,459

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 24 September 2025, and are signed on its behalf by:

GRATZE, Angela Karin
Director
Registered Company No. 12353476

CELEBRATE GYMNASTICS CLUB LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Land and buildings	10
	Plant and machinery	5
	Office Equipment	5

2.	Average number of employees


		2024		2023
	Average number of employees during the year	24		22

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	150,695
	At 31 December 24	150,695
	Depreciation and impairment
	At 01 January 24	57,231
	Charge for year	23,659
	At 31 December 24	80,891
	Net book value
	At 31 December 24	69,805
	At 31 December 23	93,464

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	10,000	15,556
Prepayments and accrued income	1,544	2,490
Total	11,544	18,046


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	1,467	2,657
Taxation and social security	11,124	13,279
Other creditors	25,475	28,899
Total	38,066	44,835


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Other creditors	39,153	77,152
Total	39,153	77,152


	Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.