HIGH ADVENTURE OUTDOOR EDUCATION CENTRE LIMITED

HIGH ADVENTURE OUTDOOR EDUCATION CENTRE LIMITED

HIGH ADVENTURE OUTDOOR EDUCATION CENTRE LIMITED - Company Information

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2021-11-012022-10-312022-10-31false09190563HIGH ADVENTURE OUTDOOR EDUCATION CENTRE LIMITED2023-02-02iso4217:GBPxbrli:pure091905632021-11-01091905632022-10-31091905632021-11-012022-10-31091905632020-11-01091905632021-10-31091905632020-11-012021-10-3109190563bus:SmallEntities2021-11-012022-10-3109190563bus:AuditExempt-NoAccountantsReport2021-11-012022-10-3109190563bus:FullAccounts2021-11-012022-10-3109190563bus:PrivateLimitedCompanyLtd2021-11-012022-10-3109190563core:WithinOneYear2022-10-3109190563core:AfterOneYear2022-10-3109190563core:WithinOneYear2021-10-3109190563core:AfterOneYear2021-10-3109190563core:ShareCapital2022-10-3109190563core:SharePremium2022-10-3109190563core:RevaluationReserve2022-10-3109190563core:OtherReservesSubtotal2022-10-3109190563core:RetainedEarningsAccumulatedLosses2022-10-3109190563core:ShareCapital2021-10-3109190563core:SharePremium2021-10-3109190563core:RevaluationReserve2021-10-3109190563core:OtherReservesSubtotal2021-10-3109190563core:RetainedEarningsAccumulatedLosses2021-10-3109190563core:LandBuildings2022-10-3109190563core:PlantMachinery2022-10-3109190563core:Vehicles2022-10-3109190563core:FurnitureFittings2022-10-3109190563core:OfficeEquipment2022-10-3109190563core:NetGoodwill2022-10-3109190563core:IntangibleAssetsOtherThanGoodwill2022-10-3109190563core:ListedExchangeTraded2022-10-3109190563core:UnlistedNon-exchangeTraded2022-10-3109190563core:LandBuildings2021-10-3109190563core:PlantMachinery2021-10-3109190563core:Vehicles2021-10-3109190563core:FurnitureFittings2021-10-3109190563core:OfficeEquipment2021-10-3109190563core:NetGoodwill2021-10-3109190563core:IntangibleAssetsOtherThanGoodwill2021-10-3109190563core:ListedExchangeTraded2021-10-3109190563core:UnlistedNon-exchangeTraded2021-10-3109190563core:LandBuildings2021-11-012022-10-3109190563core:PlantMachinery2021-11-012022-10-3109190563core:Vehicles2021-11-012022-10-3109190563core:FurnitureFittings2021-11-012022-10-3109190563core:OfficeEquipment2021-11-012022-10-3109190563core:NetGoodwill2021-11-012022-10-3109190563core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3109190563core:ListedExchangeTraded2021-11-012022-10-3109190563core:UnlistedNon-exchangeTraded2021-11-012022-10-3109190563core:MoreThanFiveYears2021-11-012022-10-3109190563core:Non-currentFinancialInstruments2022-10-3109190563core:Non-currentFinancialInstruments2021-10-3109190563dpl:CostSales2021-11-012022-10-3109190563dpl:DistributionCosts2021-11-012022-10-3109190563dpl:AdministrativeExpenses2021-11-012022-10-3109190563core:LandBuildings2021-11-012022-10-3109190563core:PlantMachinery2021-11-012022-10-3109190563core:Vehicles2021-11-012022-10-3109190563core:FurnitureFittings2021-11-012022-10-3109190563core:OfficeEquipment2021-11-012022-10-3109190563core:NetGoodwill2021-11-012022-10-3109190563core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3109190563dpl:GroupUndertakings2021-11-012022-10-3109190563dpl:ParticipatingInterests2021-11-012022-10-3109190563dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3109190563core:ListedExchangeTraded2021-11-012022-10-3109190563dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3109190563core:UnlistedNon-exchangeTraded2021-11-012022-10-3109190563dpl:CostSales2020-11-012021-10-3109190563dpl:DistributionCosts2020-11-012021-10-3109190563dpl:AdministrativeExpenses2020-11-012021-10-3109190563core:LandBuildings2020-11-012021-10-3109190563core:PlantMachinery2020-11-012021-10-3109190563core:Vehicles2020-11-012021-10-3109190563core:FurnitureFittings2020-11-012021-10-3109190563core:OfficeEquipment2020-11-012021-10-3109190563core:NetGoodwill2020-11-012021-10-3109190563core:IntangibleAssetsOtherThanGoodwill2020-11-012021-10-3109190563dpl:GroupUndertakings2020-11-012021-10-3109190563dpl:ParticipatingInterests2020-11-012021-10-3109190563dpl:GroupUndertakingscore:ListedExchangeTraded2020-11-012021-10-3109190563core:ListedExchangeTraded2020-11-012021-10-3109190563dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-11-012021-10-3109190563core:UnlistedNon-exchangeTraded2020-11-012021-10-3109190563core:NetGoodwill2022-10-3109190563core:IntangibleAssetsOtherThanGoodwill2022-10-3109190563core:LandBuildings2022-10-3109190563core:PlantMachinery2022-10-3109190563core:Vehicles2022-10-3109190563core:FurnitureFittings2022-10-3109190563core:OfficeEquipment2022-10-3109190563core:AfterOneYear2022-10-3109190563core:WithinOneYear2022-10-3109190563core:ListedExchangeTraded2022-10-3109190563core:UnlistedNon-exchangeTraded2022-10-3109190563core:ShareCapital2022-10-3109190563core:SharePremium2022-10-3109190563core:RevaluationReserve2022-10-3109190563core:OtherReservesSubtotal2022-10-3109190563core:RetainedEarningsAccumulatedLosses2022-10-3109190563core:NetGoodwill2021-10-3109190563core:IntangibleAssetsOtherThanGoodwill2021-10-3109190563core:LandBuildings2021-10-3109190563core:PlantMachinery2021-10-3109190563core:Vehicles2021-10-3109190563core:FurnitureFittings2021-10-3109190563core:OfficeEquipment2021-10-3109190563core:AfterOneYear2021-10-3109190563core:WithinOneYear2021-10-3109190563core:ListedExch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HIGH ADVENTURE OUTDOOR EDUCATION CENTRE LIMITED

Registered Number
09190563
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2022

HIGH ADVENTURE OUTDOOR EDUCATION CENTRE LIMITED
Company Information
for the year from 1 November 2021 to 31 October 2022

Directors

FERGUSON, Timothy Paul
JEPSON, Christopher Michael

Registered Address

High Adventure
233 Keighley Road
Keighley
BD22 0AA

Registered Number

09190563 (England and Wales)
HIGH ADVENTURE OUTDOOR EDUCATION CENTRE LIMITED
Statement of Financial Position
31 October 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets7418,579473,294
418,579473,294
Current assets
Stocks1139,95562,143
Debtors12470,055911,709
Cash at bank and on hand375,973358,198
885,9831,332,050
Creditors amounts falling due within one year13(593,716)(617,165)
Net current assets (liabilities)292,267714,885
Total assets less current liabilities710,8461,188,179
Creditors amounts falling due after one year14(75,000)(375,000)
Provisions for liabilities15(17,500)(13,000)
Net assets618,346800,179
Capital and reserves
Called up share capital100100
Profit and loss account618,246800,079
Shareholders' funds618,346800,179
  • The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The financial statements were approved and authorised for issue by the Board of Directors on 2 February 2023, and are signed on its behalf by:
FERGUSON, Timothy Paul
Director
Registered Company No. 09190563
HIGH ADVENTURE OUTDOOR EDUCATION CENTRE LIMITED
Notes to the Financial Statements
for the year ended 31 October 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Principal activities
The principal activity of the company is the provision of sports and recreation education.
3.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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/or the 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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows: Plant & Machinery - Plant & Equipment 25% Straight Line, Sporting Equipment 20% Straight Line, Office Equipment 33.3% Straight Line and Fixtures & Fittings 20% Straight Line

Reducing balance (%)Straight line (years)
Land and buildings-10
Vehicles25-
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leases policy
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.
Employee benefits policy
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Valuation of financial instruments policy
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Going concern
The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future.The company continue to have the support of the directors, shareholders and creditors and therefor continue to adopt the going concern basis of accounting in preparing financial statements.
5.Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence:- Insurance Claim £50,000 - (2021 - £860,654 credit)
6.Employee information

20222021
Average number of employees during the year2722
7.Property, plant and equipment

Land & buildings

Plant & machinery

Vehicles

Total

££££
Cost or valuation
At 01 November 21582,098233,62493,875909,597
Additions-36,127-36,127
Disposals-(6,500)-(6,500)
At 31 October 22582,098263,25193,875939,224
Depreciation and impairment
At 01 November 21174,630192,65869,015436,303
Charge for year58,21021,9756,21586,400
On disposals-(2,058)-(2,058)
At 31 October 22232,840212,57575,230520,645
Net book value
At 31 October 22349,25850,67618,645418,579
At 31 October 21407,46840,96624,860473,294
8.Description of capital commitments
At 31 October 2022 the Company had future minimum lease payments under non-cancellable operating leases as follows: Not later than 1 year £135,676 (2021 - £148,474) Later than 1 year and not later than 5 years £799 (2021 - £2,397)
9.Off balance sheet pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company and amounted to £8,827 (2021 - £6,261). Contributions totalling £Nil (2021 -£Nil) were payable to the fund at the reporting date and are included in creditors.
10.Description of nature of transactions and balances with related parties
Included within other debtors, amounts due within one year is a balance due from T P Ferguson, Director, of £129,199 (2021 - £Nil). The balance is interest free and repayable on demand. Included within other debtors, amounts due within one year is a balance due from C M Jepson, Director, of £126,617 (2021 - £Nil). The balance is interest free and repayable on demand. During the year the company paid rent of £59,400 (2021 - £39,600) to T P Ferguson. During the year the company paid rent of £59,400 (2021 - £39,600) to C M Jepson.
11.Stocks

2022

2021

££
Raw materials and consumables39,95562,143
Total39,95562,143
12.Debtors

2022

2021

££
Trade debtors / trade receivables180,09152,314
Other debtors284,971854,691
Prepayments and accrued income4,9934,704
Total470,055911,709
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
13.Creditors within one year

2022

2021

££
Trade creditors / trade payables24,80920,767
Bank borrowings and overdrafts100,000100,000
Taxation and social security51,244116,993
Other creditors385,415299,531
Accrued liabilities and deferred income32,24879,874
Total593,716617,165
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The bank loans are secured over the company assets and a legal charge is in place over properties personally held by directors T P Ferguson and C M Jepson. The following liabilities were secured: Bank Loans £100,000 (2021 - £100,000)
14.Creditors after one year

2022

2021

££
Bank borrowings and overdrafts75,000375,000
Total75,000375,000
The bank loans are secured over the company assets and a legal charge is in place over properties personally held by directors T P Ferguson and C M Jepson. The following liabilities were secured: Bank Loans £75,000 (2021 - £375,000)
15.Provisions for liabilities

2022

2021

££
Net deferred tax liability (asset)17,50013,000
Total17,50013,000