F45 Old Street Ltd - Filleted accounts

Registered number

12792834

F45 Old Street Ltd

Filleted Accounts

31 August 2025

F45 Old Street Ltd
Registered number:		12792834
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		37,000			37,000
Tangible assets	4		65,376			94,211
			102,376			131,211

Current assets
Debtors	5	26,047			24,080
Cash at bank and in hand		1,035			193
		27,082			24,273

Creditors: amounts falling due within one year	6	(176,335)			(167,214)

Net current liabilities			(149,253)			(142,941)

Total assets less current liabilities			(46,877)			(11,730)

Creditors: amounts falling due after more than one year	7		(203,159)			(242,557)



Net liabilities			(250,036)			(254,287)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(250,136)			(254,387)

Shareholders' funds			(250,036)			(254,287)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Adam Paul Rouse
Director
Approved by the board on 29 May 2026

F45 Old Street Ltd
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvements	8.5 years
	Plant and machinery	20% straight line
	Office equipment	20% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		1


3	Intangible fixed assets					£
	Trademarks :

	Cost
	At 1 September 2024					37,000
	At 31 August 2025					37,000

	Amortisation
	At 31 August 2025					-

	Net book value
	At 31 August 2025					37,000
	At 31 August 2024					37,000




4	Tangible fixed assets
		Leasehold Improvements		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 September 2024	97,654		87,600		185,254
	Additions	-		403		403
	At 31 August 2025	97,654		88,003		185,657

	Depreciation
	At 1 September 2024	34,519		56,524		91,043
	Charge for the year	11,718		17,520		29,238
	At 31 August 2025	46,237		74,044		120,281

	Net book value
	At 31 August 2025	51,417		13,959		65,376
	At 31 August 2024	63,135		31,076		94,211

	The company holds a finance lease in relation to its leasehold property. The lease includes a break clause, which allows for termination as at 31 March 2025. Until this date, the company remains committed to meeting its lease obligations under the terms of the agreement.

5	Debtors			2025		2024
£					£

	Other debtors			26,047		24,080


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			20,404		41,055
	Trade creditors			17,750		14,400
	Amounts owed to related parties			29,398		17,548
	Taxation and social security costs			68,441		36,146
	Other creditors			40,342		58,065
				176,335		167,214


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			28,257		31,057
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			174,902		211,500
				203,159		242,557


8	Related party transactions

	As at 31 August 2025, F45 Old Street Ltd owed £29,398 to F45 Liverpool Street Ltd and £174,902 to Makai Group Holdings Ltd, a company in which Adam Rouse is the Director.


9	Other information

	F45 Old Street Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	80 Middlesex Street
	London
	England
	E1 7EZ