Rannoch Adventure Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07887751 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2021

for

Rannoch Adventure Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C R B Pitcher

REGISTERED OFFICE:

2 High Street

Burnham on Crouch

Essex

CM0 8AA

REGISTERED NUMBER:

07887751 (England and Wales)

ACCOUNTANTS:

Harvey Smith & Co DVQ Limited

A Xeinadin Company

2 High Street

Burnham on Crouch

Essex

CM0 8AA

FIXED ASSETS

Tangible assets

4

229,585

153,425

Investments

5

15,233

244,818

168,658

CURRENT ASSETS

Stocks

20,000

Debtors

6

657,662

270,967

Cash at bank and in hand

602,443

307,671

1,280,105

598,638

CREDITORS

Amounts falling due within one year

7

530,782

401,701

NET CURRENT ASSETS

749,323

196,937

TOTAL ASSETS LESS CURRENT
LIABILITIES

994,141

365,595

CREDITORS

Amounts falling due after more than one
year

8

41,667

-

NET ASSETS

952,474

365,595

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

952,374

365,495

SHAREHOLDERS' FUNDS

952,474

365,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 April 2022 and were signed by:

C R B Pitcher - Director

1.	STATUTORY INFORMATION

Rannoch Adventure 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.

The financial statements have been prepared on a going concern basis. This assumes that the company will continue in existence for the foreseeable future.

The validity of this assumption depends on the continued financial support of the directors and creditors.

If the company were unable to continue in operational existence, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, and to provide for any further liabilities that might arise and to reclassify fixed assets as current assets. Long term liabilities would also have to be reclassified as current liabilities.

The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 January 2015.

The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting policies to those used previously. The nature and impact of these changes, if applicable, are set out below.

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 etc

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 7 (2020 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2020

266,472

Additions

96,161

Disposals

(34,355

)

At 30 November 2021

328,278

DEPRECIATION

At 1 December 2020

113,047

Charge for year

16,422

Eliminated on disposal

(30,776

)

At 30 November 2021

98,693

NET BOOK VALUE

At 30 November 2021

229,585

At 30 November 2020

153,425

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2020

and 30 November 2021

15,233

NET BOOK VALUE

At 30 November 2021

15,233

At 30 November 2020

15,233

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

Trade debtors

234,415

148,378

Other debtors

423,247

122,589

657,662

270,967

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

Bank loans and overdrafts

8,333

26,975

Hire purchase contracts

-

9,247

Trade creditors

327,734

195,993

Taxation and social security

128,861

13,760

Other creditors

65,854

155,726

530,782

401,701

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.11.21

30.11.20

£

Bank loans

41,667

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,667

-

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2021 and 30 November 2020:

30.11.21

30.11.20

£

C R B Pitcher

Balance outstanding at start of year

-

42,105

Amounts repaid

-

(42,105

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C R B Pitcher.

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

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