Adventure 001 Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05258532 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

ADVENTURE 001 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr N McLaren

REGISTERED OFFICE:

Hillmotts Farm Cottage

Hedgerley Lane

Beaconsfield

Bucks

HP9 2SB

REGISTERED NUMBER:

05258532 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Tangible assets

4

463,738

39,673

CURRENT ASSETS

Debtors

5

357,117

418,984

Cash at bank and in hand

636,917

569,325

994,034

988,309

CREDITORS

Amounts falling due within one year

6

1,073,238

679,722

NET CURRENT (LIABILITIES)/ASSETS

(79,204

)

308,587

TOTAL ASSETS LESS CURRENT LIABILITIES

384,534

348,260

CREDITORS

Amounts falling due after more than one year

7

138,735

127,604

NET ASSETS

245,799

220,656

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

8

244,799

219,656

SHAREHOLDERS' FUNDS

245,799

220,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 22 December 2017 and were signed by:

Mr N McLaren - Director

1.	STATUTORY INFORMATION

Adventure 001 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 8 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2016

23,462

2,816

24,586

Additions

-

395,000

1,255

At 31 March 2017

23,462

397,816

25,841

DEPRECIATION

At 1 April 2016

-

2,112

25,016

Charge for year

-

704

116

At 31 March 2017

-

2,816

25,132

NET BOOK VALUE

At 31 March 2017

23,462

395,000

709

At 31 March 2016

23,462

704

(430

)

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2016

27,419

19,413

97,696

Additions

43,057

616

439,928

At 31 March 2017

70,476

20,029

537,624

DEPRECIATION

At 1 April 2016

12,845

18,050

58,023

Charge for year

14,408

635

15,863

At 31 March 2017

27,253

18,685

73,886

NET BOOK VALUE

At 31 March 2017

43,223

1,344

463,738

At 31 March 2016

14,574

1,363

39,673

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

50,359

8,170

Amounts owed by group undertakings

272,672

383,939

Section 419 tax

4,630

4,630

Rental deposit

10,500

10,500

Other debtors

5,586

11,745

Accrued income

13,370

-

357,117

418,984

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

561,909

94,951

Corporation tax

-

22,875

Social security and other taxes

6,366

1,455

VAT

73,031

162,755

Directors' current accounts

-

408

Accrued expenses

431,932

397,278

1,073,238

679,722

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Accrued expenses

138,735

127,604

8.

RESERVES

Retained

earnings

£

At 1 April 2016

219,656

Profit for the year

105,143

Dividends

(80,000

)

At 31 March 2017

244,799

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £80,000 were paid to the director .

10.	ULTIMATE CONTROLLING PARTY

Control of the company rests with Mr N Mclaren, a director, by virtue of his interest in 100% of the issued

ordinary share capital.