REGISTERED NUMBER: OC427339 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

Apex Gym (Staffordshire) LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

A R J Brown

D A Brown

REGISTERED OFFICE:

The Glades Festival Way

Festival Park

Stoke On Trent

Staffordshire

ST1 5SQ

REGISTERED NUMBER:

OC427339 (England and Wales)

ACCOUNTANTS:

Langricks Limited

1 Swan Street

Wilmslow

Cheshire

SK9 1HF

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of a gym.

DESIGNATED MEMBERS

The designated members during the year under review were:

A R J Brown

D A Brown

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £10,444 (2024 - £21,041 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

A R J Brown - Designated member

3 November 2025

TURNOVER

199,284

189,249

Cost of sales

(40,704

)

(43,850

)

GROSS PROFIT

158,580

145,399

Administrative expenses

(137,515

)

(113,491

)

OPERATING PROFIT

4

21,065

31,908

Interest payable and similar expenses

(10,621

)

(10,867

)

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

10,444

21,041

FIXED ASSETS

Tangible assets

5

104,713

121,115

CURRENT ASSETS

Stocks

4,000

5,000

Debtors

6

6,048

27,777

Cash at bank

6,760

6,390

16,808

39,167

CREDITORS

Amounts falling due within one year

7

(53,731

)

(78,654

)

NET CURRENT LIABILITIES

(36,923

)

(39,487

)

TOTAL ASSETS LESS CURRENT LIABILITIES

67,790

81,628

CREDITORS

Amounts falling due after more than one year

8

(67,790

)

(57,936

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

-

23,692

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

-

23,692

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

-

23,692

Amounts due from members

6

(6,048

)

(27,672

)

(6,048

)

(3,980

)

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 3 November 2025 and were signed by:

A R J Brown - Designated member

1.	STATUTORY INFORMATION

Apex Gym (Staffordshire) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2024 - 3 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

19,653

25,936

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

201,559

Additions

14,157

At 31 March 2025

215,716

DEPRECIATION

At 1 April 2024

80,444

Charge for year

30,559

At 31 March 2025

111,003

NET BOOK VALUE

At 31 March 2025

104,713

At 31 March 2024

121,115

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

87,254

DEPRECIATION

At 1 April 2024

43,627

Charge for year

10,906

At 31 March 2025

54,533

NET BOOK VALUE

At 31 March 2025

32,721

At 31 March 2024

43,627

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

6,048

27,777

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

2,646

2,606

Hire purchase contracts

15,595

27,869

Trade creditors

278

15,061

Taxation and social security

15,016

10,090

Other creditors

20,196

23,028

53,731

78,654

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

11,544

14,301

Hire purchase contracts

56,246

43,635

67,790

57,936

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

3,202

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of an insolvent winding up the members will rank pari passu with other unsecured creditors of the LLP.