Registered number
14469062
Raleigh Expeditions Limited
Unaudited Filleted Accounts
30 November 2023
Raleigh Expeditions Limited
Registered number: 14469062
Balance Sheet
as at 30 November 2023
Notes 2023
£
Fixed assets
Tangible assets 3 42,697
Current assets
Debtors 4 150,415
Cash at bank and in hand 5,321
155,736
Creditors: amounts falling due within one year 5 (344,996)
Net current liabilities (189,260)
Net liabilities (146,563)
Capital and reserves
Called up share capital 1
Profit and loss account (146,564)
Shareholders' funds (146,563)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Palmer
Director
Approved by the board on 15 October 2024
Raleigh Expeditions Limited
Notes to the Accounts
for the period from 8 November 2022 to 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 20% Reducing balance
Fixtures, fittings, tools and equipment 20% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023
Number
Average number of persons employed by the company 12
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
Additions 20,790 32,581 53,371
At 30 November 2023 20,790 32,581 53,371
Depreciation
Charge for the period 4,158 6,516 10,674
At 30 November 2023 4,158 6,516 10,674
Net book value
At 30 November 2023 16,632 26,065 42,697
4 Debtors 2023
£
Trade debtors 73
Amounts owed by group undertakings and undertakings in which the company has a participating interest 150,342
150,415
5 Creditors: amounts falling due within one year 2023
£
Trade creditors 17,654
Amounts owed to group undertakings and undertakings in which the company has a participating interest 291,526
Taxation and social security costs 15,772
Other creditors 20,044
344,996
6 Related party transactions 2023
£
Impact Travel Group Companies
Amount due to the related party at year end and included 291,526
in creditors
Amount due from the related party at year end and included
in debtors 150,342
7 Controlling party
The company is controlled by Impact Travel Group, a company incorporated in the Cayman Islands, by virtue of its ownership of 100% of the issued share capital of Raleigh Expeditions Ltd
8 Other information
Raleigh Expeditions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 10 Kingfisher Park
Headlands Business Park
Blashford, Ringwood
Hampshire
BH24 3NX
Raleigh Expeditions Limited 14469062 false 2022-11-08 2023-11-30 2023-11-30 VT Final Accounts July 2024 C Palmer No description of principal activity 14469062 2022-11-08 2023-11-30 14469062 bus:PrivateLimitedCompanyLtd 2022-11-08 2023-11-30 14469062 bus:AuditExemptWithAccountantsReport 2022-11-08 2023-11-30 14469062 bus:Director40 2022-11-08 2023-11-30 14469062 1 2022-11-08 2023-11-30 14469062 2 2022-11-08 2023-11-30 14469062 core:PlantMachinery 2022-11-08 2023-11-30 14469062 core:Vehicles 2022-11-08 2023-11-30 14469062 countries:England 2022-11-08 2023-11-30 14469062 bus:FRS102 2022-11-08 2023-11-30 14469062 bus:FilletedAccounts 2022-11-08 2023-11-30 14469062 2023-11-30 14469062 core:WithinOneYear 2023-11-30 14469062 core:ShareCapital 2023-11-30 14469062 core:RetainedEarningsAccumulatedLosses 2023-11-30 14469062 core:PlantMachinery 2023-11-30 14469062 core:Vehicles 2023-11-30 14469062 2022-11-07 iso4217:GBP xbrli:pure