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REGISTERED NUMBER: 12321367 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ADVENTURE RISK MANAGEMENT SERVICES LTD

ADVENTURE RISK MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 12321367)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ADVENTURE RISK MANAGEMENT SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: T J Morton





REGISTERED OFFICE: Unit 5 Broadway Barns
The Broadway
Scarning
Dereham
Norfolk
NR19 2LQ





REGISTERED NUMBER: 12321367 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

ADVENTURE RISK MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 12321367)

STATEMENT OF FINANCIAL POSITION
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,063 2,660

CURRENT ASSETS
Debtors 5 181,888 175,475
Cash at bank 271,200 177,260
453,088 352,735
CREDITORS
Amounts falling due within one year 6 112,677 98,637
NET CURRENT ASSETS 340,411 254,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,474

256,758

PROVISIONS FOR LIABILITIES - 158
NET ASSETS 342,474 256,600

CAPITAL AND RESERVES
Called up share capital 140 140
Retained earnings 342,334 256,460
342,474 256,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ADVENTURE RISK MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 12321367)

STATEMENT OF FINANCIAL POSITION - continued
31 March 2024


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 director and authorised for issue on 3 September 2024 and were signed by:





T J Morton - Director


ADVENTURE RISK MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 12321367)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Adventure Risk Management Services Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of services are recognised when the significant risks and rewards of ownership of the service have transferred to the buyer, usually when the service has been provided. The amount of revenue must be able to be measured reliably, it is considered probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its useful life, or if held under a finance lease, over the lease term, whichever is shorter.

Plant and machinery- 25% reducing balance
Fixture and fittings- 25% reducing balance
Computer equipment- 33% reducing balance

Financial instruments
The company only enters into basic financial instruments 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 non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

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 statement of financial position date.


ADVENTURE RISK MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 12321367)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Impairment of assets
A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversals at each reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 7,114
Additions 205
At 31 March 2024 7,319
DEPRECIATION
At 1 April 2023 4,454
Charge for year 802
At 31 March 2024 5,256
NET BOOK VALUE
At 31 March 2024 2,063
At 31 March 2023 2,660

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,840 -
Amounts owed by participating interests 15,223 -
Other debtors 162,825 175,475
181,888 175,475

ADVENTURE RISK MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 12321367)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included in other debtors due within one year are prepayments of £1,726 (2023: £1,400).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 23,057 29,037
Taxation and social security 85,027 65,013
Other creditors 4,593 4,587
112,677 98,637

Included in other creditors due within one year are accrued expenses of £4,500 (2023: £4,500).

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
T J Morton
Balance outstanding at start of year 159,168 61,534
Amounts advanced 98,406 172,634
Amounts repaid (115,000 ) (75,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 142,574 159,168

Included within amount advanced an interest of £3,137 (2023: £3,121) charged on an overdrawn loan balance at HMRC prescribed rate. The outstanding balance at balance sheet date is repayable on demand and personally guaranteed by the director.

8. RELATED PARTY DISCLOSURES

Included in other debtors due within one year is a balance to a close family member of £15,223. Interest of £335 has been charged on the loan by the company at prescribed HMRC rates.

9. POST BALANCE SHEET EVENTS

After the balance sheet date but before the financial statements were signed, dividends of £112,700 were voted.