Silverfin false 31/05/2023 01/06/2022 31/05/2023 Ms A A Bean 23/01/2024 16/09/2014 Mrs J M Worthington 04/01/2022 Mr N F Worthington 21/05/2009 22 February 2024 The principal activity of the Company during the financial year was artiste management and consultancy. 06913353 2023-05-31 06913353 bus:Director1 2023-05-31 06913353 bus:Director2 2023-05-31 06913353 bus:Director3 2023-05-31 06913353 2022-05-31 06913353 core:CurrentFinancialInstruments 2023-05-31 06913353 core:CurrentFinancialInstruments 2022-05-31 06913353 core:ShareCapital 2023-05-31 06913353 core:ShareCapital 2022-05-31 06913353 core:RetainedEarningsAccumulatedLosses 2023-05-31 06913353 core:RetainedEarningsAccumulatedLosses 2022-05-31 06913353 core:OfficeEquipment 2022-05-31 06913353 core:OfficeEquipment 2023-05-31 06913353 bus:OrdinaryShareClass1 2023-05-31 06913353 2022-06-01 2023-05-31 06913353 bus:FullAccounts 2022-06-01 2023-05-31 06913353 bus:SmallEntities 2022-06-01 2023-05-31 06913353 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 06913353 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 06913353 bus:Director1 2022-06-01 2023-05-31 06913353 bus:Director2 2022-06-01 2023-05-31 06913353 bus:Director3 2022-06-01 2023-05-31 06913353 core:OfficeEquipment core:TopRangeValue 2022-06-01 2023-05-31 06913353 2021-06-01 2022-05-31 06913353 core:OfficeEquipment 2022-06-01 2023-05-31 06913353 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 06913353 bus:OrdinaryShareClass1 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06913353 (England and Wales)

37 ADVENTURES LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2023
Pages for filing with the registrar

37 ADVENTURES LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2023

Contents

37 ADVENTURES LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2023
37 ADVENTURES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2023
DIRECTORS Mrs J M Worthington
Mr N F Worthington
REGISTERED OFFICE Ground Floor Blackbrook Gate 1
Blackbrook Business Park
Taunton
TA1 2PX
United Kingdom
COMPANY NUMBER 06913353 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset TA1 2PX
37 ADVENTURES LIMITED

BALANCE SHEET

As at 31 May 2023
37 ADVENTURES LIMITED

BALANCE SHEET (continued)

As at 31 May 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 18,763 3,552
18,763 3,552
Current assets
Stocks 0 10,000
Debtors 4 288,181 211,755
Cash at bank and in hand 119,285 144,499
407,466 366,254
Creditors: amounts falling due within one year 5 ( 344,509) ( 307,427)
Net current assets 62,957 58,827
Total assets less current liabilities 81,720 62,379
Provision for liabilities ( 722) 672
Net assets 80,998 63,051
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 80,898 62,951
Total shareholders' funds 80,998 63,051

For the financial year ending 31 May 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of 37 Adventures Limited (registered number: 06913353) were approved and authorised for issue by the Board of Directors on 22 February 2024. They were signed on its behalf by:

Mr N F Worthington
Director
37 ADVENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
37 ADVENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

37 Adventures Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and is recognised when the services have been provided. Provision is made for income accrued at the company year end.

Employee benefits

Defined contribution schemes
The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

The company also contributes to the directors' personal pension schemes. The assets of the schemes are held separately from those of the company.

The contributions payable in respect of the pension schemes are charges to the profit and loss account.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 June 2022 27,780 27,780
Additions 17,608 17,608
At 31 May 2023 45,388 45,388
Accumulated depreciation
At 01 June 2022 24,228 24,228
Charge for the financial year 2,397 2,397
At 31 May 2023 26,625 26,625
Net book value
At 31 May 2023 18,763 18,763
At 31 May 2022 3,552 3,552

4. Debtors

2023 2022
£ £
Trade debtors 38,000 0
Accrued income 8,573 10,728
VAT recoverable 43,185 42,205
Corporation tax 25,117 8,063
Other debtors 173,306 150,759
288,181 211,755

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 6,145 2,520
Amounts owed to directors 246,284 246,284
Other loans 50,000 50,000
Accruals and deferred income 42,050 8,593
Other creditors 30 30
344,509 307,427

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Financial commitments

Commitments

Capital commitments are as follows:

2023 2022
£ £
Contracted for but not provided for:
Other 23,099 32,338