Kiss Health Clubs Ltd - Period Ending 2017-10-31

Registration number: 09111014

Kiss Health Clubs Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 October 2017

Kiss Health Clubs Ltd

Contents

Company Information	1
Accountants' Report	2
Abridged Balance Sheet	3 to 4
Statement of Changes in Equity	5
Notes to the Abridged Financial Statements	6

Kiss Health Clubs Ltd

Company Information

Directors

Mr Patrick Henchoz Mr Rupert Mackenzie Hill Mr George Scott-Welsh

Registered office

57 Dyer Street Cirencester GL7 2PP

Accountants

SRC-Time Ltd 2nd Floor Stanford Gate South Road Brighton East Sussex BN1 6SB

Page 1

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Kiss Health Clubs Ltd
for the Year Ended 31 October 2017

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 2017 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/en/members/regulations-standards-and-guidance/.

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.

......................................

SRC-Time Ltd
2nd Floor
Stanford Gate
South Road
Brighton
East Sussex
BN1 6SB

27 July 2018

Page 2

Kiss Health Clubs Ltd

(Registration number: 09111014)
Abridged Balance Sheet as at 31 October 2017

	Note	2017 £	2016 £
Current assets
Debtors		278,173	770,533
Investments	2	1,348,237	1,348,237
Cash at bank and in hand		131	206
		1,626,541	2,118,976
Creditors: Amounts falling due within one year		(1,203)	(433,290)
Total assets less current liabilities		1,625,338	1,685,686
Creditors: Amounts falling due after more than one year		(1,196,474)	(1,196,507)
Accruals and deferred income		(127,404)	(81,983)
Net assets		301,460	407,196
Capital and reserves
Called up share capital		143	143
Share premium reserve		735,106	735,106
Profit and loss account		(433,789)	(328,053)
Total equity		301,460	407,196

For the financial year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 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.

The notes on page 6 form an integral part of these abridged financial statements.

Page 3

Kiss Health Clubs Ltd

(Registration number: 09111014)
Abridged Balance Sheet as at 31 October 2017

Approved and authorised by the Board on 27 July 2018 and signed on its behalf by:
 

.........................................

Mr Rupert Mackenzie Hill

Director

The notes on page 6 form an integral part of these abridged financial statements.

Page 4

Kiss Health Clubs Ltd

Statement of Changes in Equity for the Year Ended 31 October 2017

	Share capital £	Share premium £	Profit and loss account £	Total £
At 1 November 2016	143	735,106	(328,053)	407,196
Loss for the year	-	-	(105,736)	(105,736)
Total comprehensive income	-	-	(105,736)	(105,736)
At 31 October 2017	143	735,106	(433,789)	301,460

	Share capital £	Share premium £	Profit and loss account £	Total £
At 1 November 2015	143	735,106	(197,654)	537,595
Loss for the year	-	-	(130,399)	(130,399)
Total comprehensive income	-	-	(130,399)	(130,399)
At 31 October 2016	143	735,106	(328,053)	407,196

The notes on page 6 form an integral part of these abridged financial statements.

Page 5

Kiss Health Clubs Ltd

Notes to the Abridged Financial Statements for the Year Ended 31 October 2017

1	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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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.

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.

2	Current asset investments

	2017 £	2016 £
Shares in group undertakings	1,348,237	1,348,237

3	Transition to FRS 102

is is the first time that the company has applied the recognition and measurement requirements of FRS 102 having previously applied the financial reporting standards for smaller entities (FRSSE).

The policies applied under the entity's previous reporting framework are not materially different to FRS 102 and have not impacted on equity or profit and loss.

Page 6