Who Dares Gyms (Shore Fitness) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13328171 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

WHO DARES GYMS (SHORE FITNESS) LTD

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Tangible assets

4

11,734

9,631

Investments

5

3,000

-

14,734

9,631

Current assets

Stocks

1,175

Debtors

6

981

47,288

Cash at bank

65,960

7,473

68,116

55,936

Creditors

Amounts falling due within one year

7

180,158

41,409

Net current (liabilities)/assets

(112,042

)

14,527

Total assets less current liabilities

(97,308

)

24,158

Creditors

Amounts falling due after more than one year

8

66,500

175,151

Net liabilities

(163,808

)

(150,993

)

Capital and reserves

Called up share capital

9

1,000

Retained earnings

(164,808

)

(151,993

)

Shareholders' funds

(163,808

)

(150,993

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2026 and were signed on its behalf by:

Mr L S A Walker - Director

1.	Statutory information

Who Dares Gyms (Shore Fitness) Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 13328171. The registered office and business address is The Foundry Brownsea House, Dolphin Centre, Poole, Dorset, BH15 1SR.

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.

The Company has made a loss during the year and has a deficiency of assets at the year end of £163,808. The Company is dependent upon the continued support of its directors and external lenders. The directors have confirmed their support of the Company over the next 12 months, in order that it can meet its day to day working capital requirements

Preparation of consolidated financial statements

The financial statements contain information about Who Dares Gyms (Shore Fitness) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents amounts receivable, excluding value added tax, in respect of goods & services provided in the ordinary course of business. Turnover is recognised when the goods or service has been provided to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stock and Work In Progress are valued at the lower of cost and net realisable value.

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.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 3 (2024 - 2 ) .

4.	Tangible fixed assets

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

Cost

At 1 November 2024

3,566

23,751

5,271

-

32,588

Additions

-

7,217

1,426

2,442

11,085

Disposals

(3,566

)

-

(917

)

-

(4,483

)

At 31 October 2025

-

30,968

5,780

2,442

39,190

Depreciation

At 1 November 2024

3,120

15,533

4,304

-

22,957

Charge for year

-

6,602

1,205

610

8,417

Eliminated on disposal

(3,120

)

-

(798

)

-

(3,918

)

At 31 October 2025

-

22,135

4,711

610

27,456

Net book value

At 31 October 2025

-

8,833

1,069

1,832

11,734

At 31 October 2024

446

8,218

967

-

9,631

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

Additions

3,000

At 31 October 2025

3,000

Net book value

At 31 October 2025

3,000

6.

Debtors: amounts falling due within one year

2025

2024

£

Trade debtors

-

3,706

Other debtors

-

12,707

Directors' current accounts

-

30,167

Prepayments and accrued income

981

708

981

47,288

7.

Creditors: amounts falling due within one year

2025

2024

£

Trade creditors

1,701

4,871

Amounts owed to group undertakings

150,000

-

Tax

-

10,181

Social security and other taxes

1,454

1,482

VAT

9,173

18,712

Other creditors

11,397

-

Directors' current accounts

50

-

Accruals and deferred income

6,383

6,163

180,158

41,409

8.

Creditors: amounts falling due after more than one year

2025

2024

£

Other creditors

66,500

175,151

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,000

Ordinary

£1

1,000

10.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

Mr L S A Walker

Balance outstanding at start of year

30,167

-

Amounts advanced

-

30,167

Amounts repaid

(30,167

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

30,167

11.	Ultimate controlling party

The Company is under the control of Mr L S A Walker, by virtue of his majority holding of the issued voting share capital of the parent company Who Dares Group Ltd.