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REGISTERED NUMBER: OC446620 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 29 MARCH 2023 TO 31 MARCH 2024

FOR

ADVENTURE YACHTING LLP

ADVENTURE YACHTING LLP (REGISTERED NUMBER: OC446620)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 MARCH 2023 TO 31 MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADVENTURE YACHTING LLP

GENERAL INFORMATION
FOR THE PERIOD 29 MARCH 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: P Glenister
S F Glenister





REGISTERED OFFICE: 4 Mount Ephraim Road
Tunbridge Wells
Kent
TN1 1EE





REGISTERED NUMBER: OC446620 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Riverside House
40-46 High Street
Maidstone
Kent
ME14 1JH

ADVENTURE YACHTING LLP (REGISTERED NUMBER: OC446620)

BALANCE SHEET
31 MARCH 2024

Notes €    €   
FIXED ASSETS
Tangible assets 4 13,341,650

CURRENT ASSETS
Debtors 5 714,179
Cash at bank 529,365
1,243,544
CREDITORS
Amounts falling due within one year 6 2,520
NET CURRENT ASSETS 1,241,024
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 14,582,674

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

14,582,674

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 14,582,674

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 1 October 2024 and were signed by:





P Glenister - Designated member

ADVENTURE YACHTING LLP (REGISTERED NUMBER: OC446620)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 MARCH 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Adventure Yachting LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Going concern

Accounting standards require the members to consider the appropriateness of the going concern basis when preparing the financial statements. The members confirm that they consider the going concern basis remains appropriate. The members believe that the LLP has sufficient resources to continue in operational existence for the foreseeable future. The members believe this to be the case as the company has the financial support of the members.

Having regard to the above, the members believe it is appropriate to adopt the going concern basis of accounting in preparing the financial statements.

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.
Plant and machinery - 2% on reducing balance

Financial instruments
The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more then 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known accounts of cash with no significant risk of change in value.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 2 .

ADVENTURE YACHTING LLP (REGISTERED NUMBER: OC446620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 MARCH 2023 TO 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
€   
COST
Additions 13,613,929
At 31 March 2024 13,613,929
DEPRECIATION
Charge for period 272,279
At 31 March 2024 272,279
NET BOOK VALUE
At 31 March 2024 13,341,650

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
€   
Trade debtors 71,467
Prepayments and accrued income 642,712
714,179

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
€   
Accruals and deferred income 2,520

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
€   
Amounts owed to members in respect of profits 14,582,674

Falling due within one year 14,582,674

Amounts owing to members rank after other liabilities.