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Registered number: 12920605
Gym Spa Soho Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
Walden Way & Co
Chartered Certified Accountants & Registered Auditors
Unit A3, Gateway Tower
32 Western Gateway
London
E16 1YL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12920605
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 564,416 604,506
564,416 604,506
CURRENT ASSETS
Debtors 5 36,677 176,397
Cash at bank and in hand 364,568 241,101
401,245 417,498
Creditors: Amounts Falling Due Within One Year 6 (359,565 ) (261,835 )
NET CURRENT ASSETS (LIABILITIES) 41,680 155,663
TOTAL ASSETS LESS CURRENT LIABILITIES 606,096 760,169
PROVISIONS FOR LIABILITIES
Deferred Taxation (137,119 ) -
NET ASSETS 468,977 760,169
CAPITAL AND RESERVES
Called up share capital 7 604 304
Profit and Loss Account 468,373 759,865
SHAREHOLDERS' FUNDS 468,977 760,169
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Hazelwood
Director
17/07/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gym Spa Soho Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12920605 . The registered office is 18 Carlisle Street, London, W1D 3BX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% reducing balance method
Plant & Machinery 25 % reducing balance method
Fixtures & Fittings 25 % reducing balance method
Computer Equipment 25 % reducing balance method
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2024: 35)
30 35
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2024 593,188 74,273 55,658 10,464 733,583
Additions - 37,743 - 3,532 41,275
As at 31 October 2025 593,188 112,016 55,658 13,996 774,858
Depreciation
As at 1 November 2024 59,319 36,734 28,167 4,857 129,077
Provided during the period 53,387 18,821 6,873 2,284 81,365
As at 31 October 2025 112,706 55,555 35,040 7,141 210,442
Net Book Value
As at 31 October 2025 480,482 56,461 20,618 6,855 564,416
As at 1 November 2024 533,869 37,539 27,491 5,607 604,506
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 9,817 -
Other debtors 26,860 176,134
Net wages - 263
36,677 176,397
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 6,950 20,573
Corporation tax 202,895 85,580
Other taxes and social security - 553
VAT 110,244 86,877
Other creditors 31,129 49,388
Pension payable 2,947 2,906
Accruals and deferred income 5,400 5,600
Directors' loan accounts - 10,358
359,565 261,835
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Page 5
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 604 304
Page 5