Kiss Health Clubs Ltd - Period Ending 2020-10-31
Kiss Health Clubs Ltd - Period Ending 2020-10-31
Registration number:
Kiss Health Clubs Ltd
for the Year Ended 31 October 2020
Kiss Health Clubs Ltd
Contents
Company Information |
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Accountants' Report |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Kiss Health Clubs Ltd
Company Information
Director |
Mr Rupert Mackenzie Hill |
Registered office |
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Accountants |
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Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Kiss Health Clubs Ltd
for the Year Ended 31 October 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kiss Health Clubs Ltd for the year ended 31 October 2020 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Kiss Health Clubs Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Kiss Health Clubs Ltd and state those matters that we have agreed to state to the Board of Directors of Kiss Health Clubs Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kiss Health Clubs Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kiss Health Clubs Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Kiss Health Clubs Ltd. You consider that Kiss Health Clubs Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Kiss Health Clubs Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Stanford Gate
South Road
Brighton
East Sussex
BN1 6SB
Kiss Health Clubs Ltd
(Registration number: 09111014)
Abridged Balance Sheet as at 31 October 2020
Note |
2020 |
2019 |
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Current assets |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
143 |
143 |
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Share premium reserve |
735,106 |
735,106 |
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Profit and loss account |
(600,125) |
(558,805) |
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Shareholders' funds |
135,124 |
176,444 |
For the financial year ending 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Director's report has been taken.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
Kiss Health Clubs Ltd
(Registration number: 09111014)
Abridged Balance Sheet as at 31 October 2020
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Director
Kiss Health Clubs Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2020
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Kiss Health Clubs Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2020
Current asset investments |
2020 |
2019 |
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Shares in group undertakings |
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Related party transactions |
Summary of transactions with subsidiaries
As at the year end, Kiss Health Clubs Limited owed £522,992 to Kiss Gyms Limited.
In the year ended 2019, Kiss Health Clubs Limited owed £443,426 to Kiss Gyms Limited.