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REGISTERED NUMBER: SC234298 (Scotland)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Equal Adventure Developments Limited

Equal Adventure Developments Limited (Registered number: SC234298)

Contents of the Financial Statements
for the year ended 31st March 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Equal Adventure Developments Limited

Company Information
for the year ended 31st March 2023







Directors: S Paul
J S Paul





Registered office: The Old Dairy
Woodlands Industrial Estate
Woodlands Terrace
Grantown-on-Spey
PH26 3NA





Registered number: SC234298 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Equal Adventure Developments Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Equal Adventure Developments Limited for the year ended 31st March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Equal Adventure Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Equal Adventure Developments Limited and state those matters that we have agreed to state to the Board of Directors of Equal Adventure Developments Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Equal Adventure Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Equal Adventure Developments Limited. You consider that Equal Adventure Developments Limited 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 financial statements of Equal Adventure Developments Limited. 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 financial statements.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


31st August 2023

Equal Adventure Developments Limited (Registered number: SC234298)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 99,043 99,584
99,043 99,584

Current assets
Stocks 82,000 89,194
Debtors 6 28,871 -
Cash at bank 31,591 86,428
142,462 175,622
Creditors
Amounts falling due within one year 7 196,878 210,818
Net current liabilities (54,416 ) (35,196 )
Total assets less current liabilities 44,627 64,388

Creditors
Amounts falling due after more than one
year

8

2,656

3,541
Net assets 41,971 60,847

Capital and reserves
Called up share capital 82,002 82,002
Retained earnings (40,031 ) (21,155 )
41,971 60,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

Equal Adventure Developments Limited (Registered number: SC234298)

Balance Sheet - continued
31st March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st August 2023 and were signed on its behalf by:





S Paul - Director


Equal Adventure Developments Limited (Registered number: SC234298)

Notes to the Financial Statements
for the year ended 31st March 2023


1. Statutory information

Equal Adventure Developments Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.

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 - 33% on reducing balance
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.


Equal Adventure Developments Limited (Registered number: SC234298)

Notes to the Financial Statements - continued
for the year ended 31st March 2023


2. Accounting policies - continued
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 (2022 - 7 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st April 2022
and 31st March 2023 19,550
Amortisation
At 1st April 2022
and 31st March 2023 19,550
Net book value
At 31st March 2023 -
At 31st March 2022 -

Equal Adventure Developments Limited (Registered number: SC234298)

Notes to the Financial Statements - continued
for the year ended 31st March 2023


5. Tangible fixed assets
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
Cost
At 1st April 2022 91,860 86,980 14,199 193,039
Additions - 9,950 - 9,950
At 31st March 2023 91,860 96,930 14,199 202,989
Depreciation
At 1st April 2022 13,527 69,432 10,496 93,455
Charge for year 1,837 7,913 741 10,491
At 31st March 2023 15,364 77,345 11,237 103,946
Net book value
At 31st March 2023 76,496 19,585 2,962 99,043
At 31st March 2022 78,333 17,548 3,703 99,584

6. Debtors
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 1,076 -

Amounts falling due after more than one year:
Other debtors 27,795 -

Aggregate amounts 28,871 -

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Taxation and social security 6,291 11,476
Other creditors 190,587 199,342
196,878 210,818

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 2,656 3,541