REGISTERED NUMBER: 06917296 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

ELITE SWIMMING ACADEMY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E G Williams

R L Williams

REGISTERED OFFICE:

Room 73, Wrest House

Wrest Park

Silsoe

Bedford

Bedfordshire

MK45 4HR

REGISTERED NUMBER:

06917296 (England and Wales)

ACCOUNTANTS:

MDG Business Associates Limited

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

FIXED ASSETS

Tangible assets

5

68,474

84,811

Investments

6

30,000

30,000

Investment property

7

300,028

-

398,502

114,811

CURRENT ASSETS

Debtors

8

145,137

185,606

Cash at bank

16,876

10,537

162,013

196,143

CREDITORS

Amounts falling due within one year

9

(221,077

)

(169,272

)

NET CURRENT (LIABILITIES)/ASSETS

(59,064

)

26,871

TOTAL ASSETS LESS CURRENT LIABILITIES

339,438

141,682

CREDITORS

Amounts falling due after more than one year

10

(320,328

)

(80,111

)

NET ASSETS

19,110

61,571

CAPITAL AND RESERVES

Called up share capital

12

105

105

Retained earnings

19,005

61,466

SHAREHOLDERS' FUNDS

19,110

61,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2026 and were signed on its behalf by:

E G Williams - Director

R L Williams - Director

1.	STATUTORY INFORMATION

Elite Swimming Academy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

33% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

The net book value of the properties at the end of the year is stated at a current market valuation in the opinion of the directors. The directors have also considered the potential in the future of a capital gain on the sale of a property, but as the current value is the same as the original purchase price, no deferred tax has been provided

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits 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.

Coronavirus business interruption loan scheme

The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses affected by coronavirus (COVID-19). The scheme helps small and medium-sized businesses to access loans and other kinds of finance up to £5 million. The government guarantees 80% of the finance to the lender and pays interest and any fees for the first 12 months.

Investments

Investments in associates are recognised at cost less any provision for impairment.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2025 - 13 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2025

833

4,243

127,914

14,208

147,198

Additions

2,020

3,021

-

560

5,601

At 31 March 2026

2,853

7,264

127,914

14,768

152,799

Depreciation

At 1 April 2025

416

3,617

45,206

13,148

62,387

Charge for year

670

340

20,677

251

21,938

At 31 March 2026

1,086

3,957

65,883

13,399

84,325

Net book value

At 31 March 2026

1,767

3,307

62,031

1,369

68,474

At 31 March 2025

417

626

82,708

1,060

84,811

6.	FIXED ASSET INVESTMENTS

Other

investments

£

Cost

At 1 April 2025

and 31 March 2026

30,000

Net book value

At 31 March 2026

30,000

At 31 March 2025

30,000

7.	INVESTMENT PROPERTY

Total

£

Fair value

Additions

300,028

At 31 March 2026

300,028

Net book value

At 31 March 2026

300,028

The directors confirm that in their opinion the net book value of the above properties is consistent with the current market valuation at the balance sheet date.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

505

567

Other debtors

5

1,347

Prepayments and accrued income

144,627

183,692

145,137

185,606

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

28,999

16,667

Hire purchase contracts (see note 11)

23,846

23,846

Trade creditors

19,533

22,917

Tax

2,125

36,111

Social security and other taxes

8,131

6,945

VAT

34,605

38,037

Other creditors

3,590

1,662

Directors' loan account

75,719

1

Accruals and deferred income

24,529

23,086

221,077

169,272

Bank loans include a Coronavirus Business Interruption Loan Scheme loan which is 80% guaranteed by the government as part of the COVID-19 support packages. Interest on the bank loan is being charged at 2.70% per annum. The loan is secured by way of a debenture incorporating a fixed and floating charge over the assets and undertakings of the company in favour of the lenders.

On 2nd June 2025, a further loan was secured by way of a legal charge, incorporating a deed and fixed charge, over a specified commercial property, in favour of the lender.

Obligations held under hire purchase contracts are secured on the assets concerned.

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

29,000

-

Bank loans - 2-5 years

90,742

-

Bank loans more 5 yr by instal

135,918

-

Hire purchase contracts (see note 11)

64,668

80,111

320,328

80,111

2026

2025

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

135,918

-

Bank loans include a Coronavirus Business Interruption Loan Scheme loan which is 80% guaranteed by the government as part of the COVID-19 support packages. Interest on the bank loan is being charged at 2.70% per annum. The loan is secured by way of a debenture incorporating a fixed and floating charge over the assets and undertakings of the company in favour of the lenders.

On 2nd June 2025, a further loan was secured by way of a legal charge, incorporating a deed and fixed charge, over a specified commercial property, in favour of the lender.

Obligations held under hire purchase contracts are secured on the assets concerned.

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

23,846

23,846

Between one and five years

64,668

80,111

88,514

103,957

Non-cancellable

operating leases

2026

2025

£

£

Within one year

-

2,250

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

5

Ordinary B

£1

5

5

105

105

Ordinary B shares do not hold any rights to vote or to participate in any future distributions of capital.

13.	RELATED PARTY DISCLOSURES