Registration number: 11293375

Gordon Fearn Tae Kwon Do & Ninja Skillz Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Gordon Fearn Tae Kwon Do & Ninja Skillz Ltd

(Registration number: 11293375)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,296	3,215
Current assets
Debtors	5	40,352	30,450
Cash at bank and in hand		7,276	12,701
		47,628	43,151
Creditors: Amounts falling due within one year	6	(32,798)	(28,813)
Net current assets		14,830	14,338
Total assets less current liabilities		17,126	17,553
Creditors: Amounts falling due after more than one year	6	(4,500)	(13,500)
Net assets		12,626	4,053
Capital and reserves
Called up share capital		101	101
Retained earnings		12,525	3,952
Shareholders' funds		12,626	4,053

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 28 April 2026
 

......................................... Mr Gordon Stewart Fearn Director

Gordon Fearn Tae Kwon Do & Ninja Skillz Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are 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 revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Gordon Fearn Tae Kwon Do & Ninja Skillz Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets less estimated residual value, other than land and
properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture and fittings	25% Reducing balance
Office equipment	33% Reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Gordon Fearn Tae Kwon Do & Ninja Skillz Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 May 2024	9,733	9,733
At 30 April 2025	9,733	9,733
Depreciation
At 1 May 2024	6,518	6,518
Charge for the year	919	919
At 30 April 2025	7,437	7,437
Carrying amount
At 30 April 2025	2,296	2,296
At 30 April 2024	3,215	3,215

5

Debtors

Current	2025 £	2024 £
Amounts owed by related parties	30,416	30,450
Other debtors	9,936	-
	40,352	30,450

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Loans and borrowings	9,000	9,000
Trade creditors	1,422	1,890
Taxation and social security	16,275	12,131
Accruals and deferred income	6,101	4,868
Other creditors	-	924
	32,798	28,813

Gordon Fearn Tae Kwon Do & Ninja Skillz Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Loans and borrowings	4,500	13,500

7	Related party transactions

At the year end the company was owed £30,416 (2024: £30,450) from companies with a common director. These loans are interest free and repayable on demand.

Transactions with the director

2025	At 1 May 2024 £	Advances to director £	Repayments by director £	At 30 April 2025 £
Mr Gordon Stewart Fearn
Directors loan account	(923)	51,239	(40,380)	9,936

2024	At 1 May 2023 £	Advances to director £	Repayments by director £	At 30 April 2024 £
Mr Gordon Stewart Fearn
Directors loan account	(3,568)	50,108	(47,463)	(923)