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Company Registration No. 14624378 (England and Wales)
Club Sports Group Master Franchise Ltd Unaudited accounts for the year ended 31 December 2024
Club Sports Group Master Franchise Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Club Sports Group Master Franchise Ltd Company Information for the year ended 31 December 2024
Directors
Travis Otho Frenzel Tristan John Samuel Smith
Company Number
14624378 (England and Wales)
Registered Office
57-61 Mortimer St London W1W 8HS
Accountants
Barnes & Scott 86-90 Paul Street London EC2A 4NE
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Club Sports Group Master Franchise Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
1,089,368 
1,224,135 
Tangible assets
5
12,984 
1,555 
1,102,352 
1,225,690 
Current assets
Inventories
5,186,934 
3,173,696 
Debtors
6
921,424 
410,579 
Cash at bank and in hand
424,472 
24,689 
6,532,830 
3,608,964 
Creditors: amounts falling due within one year
7
(1,907,241)
(120,400)
Net current assets
4,625,589 
3,488,564 
Total assets less current liabilities
5,727,941 
4,714,254 
Creditors: amounts falling due after more than one year
8
(3,526,702)
(587,883)
Net assets
2,201,239 
4,126,371 
Capital and reserves
Called up share capital
4,855,648 
4,855,648 
Profit and loss account
(2,654,409)
(729,277)
Shareholders' funds
2,201,239 
4,126,371 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Tristan John Samuel Smith Director Company Registration No. 14624378
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Club Sports Group Master Franchise Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Club Sports Group Master Franchise Ltd is a private company, limited by shares, registered in England and Wales, registration number 14624378. The registered office is 57-61 Mortimer St, London, W1W 8HS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Club Sports Group Master Franchise Ltd Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
1,347,672 
At 31 December 2024
1,347,672 
Amortisation
At 1 January 2024
123,537 
Charge for the year
134,767 
At 31 December 2024
258,304 
Net book value
At 31 December 2024
1,089,368 
At 31 December 2023
1,224,135 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
- 
1,723 
1,723 
Additions
6,133 
7,686 
13,819 
At 31 December 2024
6,133 
9,409 
15,542 
Depreciation
At 1 January 2024
- 
168 
168 
Charge for the year
894 
1,496 
2,390 
At 31 December 2024
894 
1,664 
2,558 
Net book value
At 31 December 2024
5,239 
7,745 
12,984 
At 31 December 2023
- 
1,555 
1,555 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
31,043 
Trade debtors
577,978 
344,685 
Accrued income and prepayments
341,261 
27,033 
Other debtors
2,185 
7,818 
921,424 
410,579 
- 6 -
Club Sports Group Master Franchise Ltd Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
128,681 
- 
Trade creditors
864,589 
71,019 
Amounts owed to group undertakings and other participating interests
19,995 
- 
Taxes and social security
14,258 
25,290 
Other creditors
1,383 
1,182 
Loans from directors
34 
34 
Accruals
99,772 
12,167 
Deferred income
778,529 
10,708 
1,907,241 
120,400 
The director loan is measured at transaction price and is interest free and repayable on demand.
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
3,526,702 
587,883 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
9,498 
113,976 
Later than one year and not later than five years
- 
9,498 
9,498 
123,474 
10
Controlling party
The parent company of CSS F45 UK Ltd is CSG LLC and its registered office is in USA.
11
Average number of employees
During the year the average number of employees was 5 (2023: 6).
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