Olympus Gym West Belfast Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: NI693834

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		197,130		91,424

			197,130		91,424
CURRENT ASSETS
Debtors	5	49,626		14,133
Cash at bank and in hand		3,250		25,640

		52,876		39,773
Creditors: Amounts Falling Due Within One Year	6	(124,720 )		(110,435 )

NET CURRENT ASSETS (LIABILITIES)			(71,844 )		(70,662 )

TOTAL ASSETS LESS CURRENT LIABILITIES			125,286		20,762

Creditors: Amounts Falling Due After More Than One Year	7		(62,716 )		5,460

NET ASSETS			62,570		26,222

CAPITAL AND RESERVES
Called up share capital	9		100		(100 )
Profit and Loss Account			62,470		26,322

SHAREHOLDERS' FUNDS			62,570		26,222

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Olympus Gym West Belfast Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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 Thomas Rooney Director	Mr Michael Opie Director
28/10/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Olympus Gym West Belfast Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI693834 . The registered office is Legal & Financial House, 137 York Road, Belfast, Antrim, BT15 3GZ.

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:

Plant & Machinery	20% Straight Line
Motor Vehicles	20% Straight Line
Fixtures & Fittings	20% Straight Line
Computer Equipment	15% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

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Olympus Gym West Belfast Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2025	-	129,475	-	129,475
Additions	47,000	103,988	510	151,498

As at 31 January 2026	47,000	233,463	510	280,973

Depreciation
As at 1 February 2025	-	38,051	-	38,051
Provided during the period	7,833	37,946	13	45,792

As at 31 January 2026	7,833	75,997	13	83,843

Net Book Value
As at 31 January 2026	39,167	157,466	497	197,130

As at 1 February 2025	-	91,424	-	91,424

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	49,626	14,133

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	31,072	42,788
Trade creditors	18,792	8,190
Bank loans and overdrafts	6,694	-
Other loans	5,816	-
Other creditors	25,500	28,983
Taxation and social security	36,846	30,474

	124,720	110,435

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	15,330	11,340
Bank loans	10,135	-
Other loans	37,251	-
Amounts owed to participating interests	-	(16,800 )

	62,716	(5,460 )

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Olympus Gym West Belfast Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	31,072	42,788
Later than one year and not later than five years	15,330	11,340

	46,402	54,128

	46,402	54,128

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	(100 )

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