Company registration number 14222373 (England and Wales)
DEBLANKSON FITNESS GROUP UK LIMITED
Unaudited financial statements
For the year ended 31 December 2024
Pages for filing with registrar
DEBLANKSON FITNESS GROUP UK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
DEBLANKSON FITNESS GROUP UK LIMITED
BALANCE SHEET
As at 31 December 2024
- 1 -
2024
2023
as restated
Notes
£
£
£
£
Current assets
Debtors
4
131,045
92,677
Cash at bank and in hand
46,162
68,515
177,207
161,192
Creditors: amounts falling due within one year
5
(142,379)
(166,979)
Net current assets/(liabilities)
34,828
(5,787)
Creditors: amounts falling due after more than one year
6
(44,926)
(50,926)
Net liabilities
(10,098)
(56,713)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(10,198)
(56,813)
Total equity
(10,098)
(56,713)

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

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 1 October 2025
Mr R Uku
Director
Company registration number 14222373 (England and Wales)
DEBLANKSON FITNESS GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2024
- 2 -
1
Accounting policies
Company information

Deblankson Fitness Group UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Connect House, 133-137 Alexandra Road, Wimbledon, London, United Kingdom, SW19 7JY.

1.1
Reporting period

The company was incorporated on 8 July 2022. These financial statements are prepared for the period from incorporation to 31 December 2023 being the first set of financial statements. As such, these financial statements are for a period longer than a year and there are no comparatives.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

DEBLANKSON FITNESS GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

DEBLANKSON FITNESS GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 December 2024
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
17,675
415
Corporation tax recoverable
23,923
-
0
Other debtors
89,447
92,262
131,045
92,677
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
12,366
1,897
Corporation tax
1
38,154
Other taxation and social security
3,288
-
0
Other creditors
126,724
126,928
142,379
166,979
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
44,926
50,926
DEBLANKSON FITNESS GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 December 2024
- 5 -
7
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

During the year the company borrowed money from the director. The amount due to the director at year end was £117,249 (2023: £117,249).

As at the balance sheet date a balance of £69,447 (2023: £70,000) was owed by a company under common control and with common directors.

As at the balance sheet date a balance of £20,000 (2023: £20,000) was owed by a company with a common director and shareholder.

Loans are unsecured, interest free and repayable upon demand.

8
Prior period adjustment

A restatement adjustment has been processed to 2023 to correct a transactional omission which impacts cost of sales and other creditors.

The impact on the prior period profit and loss account, balance sheet and statement of changes in equity as a result of this adjustment is £114,349 as detailed below.

Changes to the balance sheet
As previously reported
Adjustment
As restated at 31 Dec 2023
£
£
£
Creditors due within one year
Other creditors
(8,476)
(114,349)
(122,825)
Capital and reserves
Profit and loss reserves
57,536
(114,349)
(56,813)
Changes to the profit and loss account
As previously reported
Adjustment
As restated
Period ended 31 December 2023
£
£
£
Cost of sales
-
(114,349)
(114,349)
Profit/(loss) for the financial period
57,536
(114,349)
(56,813)
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