REGISTERED NUMBER: 09929820 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

OLYMPUS GYMNASTICS CLUB LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Edwards

J A Edwards

M Abbiati

REGISTERED OFFICE:

25 Grosvenor Road

Wrexham

LL11 1BT

REGISTERED NUMBER:

09929820 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Santander UK plc

Bridle Road

Bootle

L30 4GB

FIXED ASSETS

Tangible assets

4

15,721

17,214

CURRENT ASSETS

Debtors

5

7,473

4,877

Cash at bank

48,393

47,205

55,866

52,082

CREDITORS

Amounts falling due within one year

6

8,101

9,322

NET CURRENT ASSETS

47,765

42,760

TOTAL ASSETS LESS CURRENT LIABILITIES

63,486

59,974

PROVISIONS FOR LIABILITIES

7

1,305

638

NET ASSETS

62,181

59,336

RESERVES

Income and expenditure account

62,181

59,336

62,181

59,336

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 surplus or deficit 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th July 2026 and were signed on its behalf by:

P J Edwards - Director

1.	STATUTORY INFORMATION

Olympus Gymnastics Club Ltd is a private company, limited by guarantee , 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.	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.

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

-

15% on cost

Gym equipment

-

25% on cost

Computer equipment

-

15% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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 surplus or deficit 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Gym

Computer

machinery

equipment

equipment

Totals

£

£

£

£

COST

At 1st January 2025

5,534

115,742

5,987

127,263

Additions

-

2,423

3,091

5,514

At 31st December 2025

5,534

118,165

9,078

132,777

DEPRECIATION

At 1st January 2025

2,882

103,328

3,839

110,049

Charge for year

700

5,575

732

7,007

At 31st December 2025

3,582

108,903

4,571

117,056

NET BOOK VALUE

At 31st December 2025

1,952

9,262

4,507

15,721

At 31st December 2024

2,652

12,414

2,148

17,214

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

111

113

Other debtors

6,006

3,851

Prepayments

1,356

913

7,473

4,877

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

970

553

Social security and other taxes

693

3,591

Directors' current accounts

2,862

2,298

Accrued expenses

3,576

2,880

8,101

9,322

7.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

Accelerated capital allowances

2,772

3,008

Tax losses carried forward

(1,467

)

(2,370

)

1,305

638

Deferred

tax

£

Balance at 1st January 2025

638

Movement in year due to:

changes in tax rates

changes in tax allowances

(236

)

movement in losses available

903

Balance at 31st December 2025

1,305

8.	CAPITAL COMMITMENTS

31.12.25

31.12.24

£

£

Contracted but not provided for in the

financial statements

-

-

9.	LIMITED BY GUARANTEE

The company is limited by guarantee, and at the year end had 3 members (2024: 3). Each member has undertaken to pay £1 to the company in the event that it is wound up. The value of the guarantee at the year end is, therefore, £3 (2024: £3).