REGISTERED NUMBER: 12208495 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

IRON PARADISE LIMITED

TRADING AS

IRON KINGDOM

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T C Beswick

M A Lever

REGISTERED OFFICE:

Unit 2 & 3 Courtyard 3, Wentworth Road

Mapplewell

Barnsley

South Yorkshire

S75 6DT

REGISTERED NUMBER:

12208495 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Tangible assets

4

31,286

21,921

CURRENT ASSETS

Stocks

100

100

Debtors

5

1,808

-

Cash at bank and in hand

13,895

7,718

15,803

7,818

CREDITORS

Amounts falling due within one year

6

5,967

12,454

NET CURRENT ASSETS/(LIABILITIES)

9,836

(4,636

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,122

17,285

CREDITORS

Amounts falling due after more than one year

7

(18,110

)

(5,428

)

PROVISIONS FOR LIABILITIES

(1

)

(1

)

NET ASSETS

23,011

11,856

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

22,911

11,756

SHAREHOLDERS' FUNDS

23,011

11,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

M A Lever - Director

1.	STATUTORY INFORMATION

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

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from gym memberships is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to contract length.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixture & Fittings

- 15% reducing balance

Improvements to property

- 33% straight line

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 July 2024

-

35,722

35,722

Additions

4,701

8,856

13,557

At 30 June 2025

4,701

44,578

49,279

DEPRECIATION

At 1 July 2024

-

13,801

13,801

Charge for year

515

3,677

4,192

At 30 June 2025

515

17,478

17,993

NET BOOK VALUE

At 30 June 2025

4,186

27,100

31,286

At 30 June 2024

-

21,921

21,921

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,808

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,829

3,113

Other creditors

-

8,457

Directors' current accounts

358

223

Accruals and deferred income

780

661

5,967

12,454

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

4,829

3,113

Bank loans - 2-5 years

13,281

2,315

18,110

5,428

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

6,120

-

Between one and five years

6,120

-

12,240

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES

Other related parties:

30.06.25

30.06.24

£

£

Amounts owed to related parties

-

8,457

Amounts due from related parties

1,808