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# PRANA FITNESS CIC

## Company limited by guarantee

## Company Registration Number:
SC810613 (Scotland)

## Unaudited statutory accounts for the year ended 31 May 2025

## Period of accounts

## Start date: 15 May 2024

## End date: 31 May 2025

# PRANA FITNESS CIC

## Contents of the Financial Statements

for the Period Ended 31 May 2025

Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |
Community Interest Report |

# PRANA FITNESS CIC

## Profit And Loss Account

for the Period Ended 31 May 2025

| 13 months to 31 May 2025
--- | ---
| £
Turnover: | 4,572 |
Cost of sales: | ( 40,061 ) |
Gross profit(or loss): | (35,489)
Distribution costs: | 0 |
Administrative expenses: | ( 1,870 ) |
Other operating income: | 28,510 |
Operating profit(or loss): | (8,849)
Profit(or loss) before tax: | (8,849)
Profit(or loss) for the financial year: | (8,849)

# PRANA FITNESS CIC

## Balance sheet

As at 31 May 2025

| Notes | 13 months to 31 May 2025
--- | --- | ---
|  | £
Current assets
Cash at bank and in hand: |  | 2,651 |
Total current assets: |  | 2,651
Net current assets (liabilities): |  | 2,651
Total assets less current liabilities: |  | 2,651
Creditors: amounts falling due after more than one year: | 3 | ( 2,200 ) |
Accruals and deferred income: |  | ( 9,300 ) |
Total net assets (liabilities): |  | (8,849)
Members' funds
Profit and loss account: |  | (8,849) |
Total members' funds: |  | ( 8,849)

The notes form part of these financial statements

# PRANA FITNESS CIC

## Balance sheet statements

For the year ending 31 May 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 4 February 2026
and signed on behalf of the board by:

Name: Craig Ali
Status: Director

The notes form part of these financial statements

# PRANA FITNESS CIC

## Notes to the Financial Statements

for the Period Ended 31 May 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

# PRANA FITNESS CIC

## Notes to the Financial Statements

for the Period Ended 31 May 2025

- ## 2. Employees

  | 13 months to 31 May 2025
  --- | ---
  Average number of employees during the period | 0 |

# PRANA FITNESS CIC

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 3. Creditors: amounts falling due after more than one year note

| 13 months to 31 May 2025
--- | ---
| £
Other creditors | 2,200 |
Total | 2,200

# COMMUNITY INTEREST ANNUAL REPORT

### PRANA FITNESS CIC

### Company Number: SC810613 (Scotland)

### Year Ending: 31 May 2025

Company activities and impact

During the year Prana Fitness CIC secured grants to the value of £28,510 from Midlothian Council and Lotto funding, which was then used to building phase one of the centre, after securing a space large enough within the Midlothian community. The centre was then able to secure a long term sub-let to a training provider while receiving three months rent-free from the landlord Ozone Lothian LTD which then allowed Prana Fitness CIC to open the training centre and the apparel shop to the local community in May. Further expansion to the centre will be rolled out over the next 2-3 years, the pace of which will be determined by natural growth. If further grant funding opportunities arise, this will boost the plans and bring the centre to its vision quicker. While the centre was being built Prana Fitness CIC supported Midlothian Council with their Active Schools programme, delivering fitness, self-defence and anti-bullying sessions in multiple primary schools along with providing camps during school holidays.

Consultation with stakeholders

Prana Fitness CIC stakeholders consist of the local community with particular emphasis on training providers, suppliers, schools, education centres, school camps and charities supporting young people. During phase one of the training centre build, Prana Fitness CIC bought from local suppliers and subcontracted work to local tradesmen where possible, which allowed Prana Fitness CIC to involve key stakeholders in the vision during the early stage. Midlothian Business Gateway (another key stakeholder) were incredibly supportive during the set up phase, enabling Prana Fitness CIC to fine tune the objectives of the original ideas and incorporate the community interest company.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
4 February 2026

And signed on behalf of the board by:
Name: Craig Ali
Status: Director