Adventure Base Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06556200 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2020

for

Adventure Base Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C M Krarup

A K Eggleston FCA

R Cook

REGISTERED OFFICE:

31 Rearsby Road,

Thrussington

Leicester

LE7 4UD

REGISTERED NUMBER:

06556200 (England and Wales)

ACCOUNTANTS:

EWP Limited

20 Anchor Terrace

3-13 Southwark Bridge Road

London

SE1 9HQ

FIXED ASSETS

Intangible assets

4

4,680

-

Tangible assets

5

-

4,215

Investments

6

2

826

4,682

5,041

CURRENT ASSETS

Debtors

7

34,014

58,924

Cash at bank

7,683

992

41,697

59,916

CREDITORS

Amounts falling due within one year

8

74,724

86,634

NET CURRENT LIABILITIES

(33,027

)

(26,718

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,345

)

(21,677

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(28,445

)

(21,777

)

SHAREHOLDERS' FUNDS

(28,345

)

(21,677

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 23 September 2020 and were signed on its behalf by:

C M Krarup - Director

1.	STATUTORY INFORMATION

Adventure Base 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.

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.

Turnover represents net invoiced sales of services provided with a start date within the year, excluding value

added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

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 3 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

7,020

At 30 April 2020

7,020

AMORTISATION

Charge for year

2,340

At 30 April 2020

2,340

NET BOOK VALUE

At 30 April 2020

4,680

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

12,645

Disposals

(4,215

)

At 30 April 2020

8,430

DEPRECIATION

At 1 May 2019

and 30 April 2020

8,430

NET BOOK VALUE

At 30 April 2020

-

At 30 April 2019

4,215

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2019

826

Disposals

(824

)

At 30 April 2020

2

NET BOOK VALUE

At 30 April 2020

2

At 30 April 2019

826

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Amounts owed by group undertakings

34,014

52,523

Other debtors

-

6,401

34,014

58,924

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Taxation and social security

808

398

Other creditors

73,916

86,236

74,724

86,634

9.	ULTIMATE CONTROLLING PARTY

The controlling party is The Bradgate Group Ltd.