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REGISTERED NUMBER: 03141990 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

FURTHER ADVENTURES LIMITED

FURTHER ADVENTURES LIMITED (REGISTERED NUMBER: 03141990)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FURTHER ADVENTURES LIMITED

Company Information
for the year ended 31 January 2024







Directors: C R Scott
R P Glossop





Secretary: C R Scott





Registered office: Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN





Registered number: 03141990 (England and Wales)





Accountants: Evelyn Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

FURTHER ADVENTURES LIMITED (REGISTERED NUMBER: 03141990)

Balance Sheet
31 January 2024

2024 2023
Notes £ £
Current assets
Debtors 5 45,735 45,735

Creditors
Amounts falling due within one year 6 447,479 447,479
Net current liabilities (401,744 ) (401,744 )
Total assets less current liabilities (401,744 ) (401,744 )

Capital and reserves
Called up share capital 7 600,002 600,002
Retained earnings (1,001,746 ) (1,001,746 )
Shareholders' funds (401,744 ) (401,744 )

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2024 and were signed on its behalf by:





C R Scott - Director


FURTHER ADVENTURES LIMITED (REGISTERED NUMBER: 03141990)

Notes to the Financial Statements
for the year ended 31 January 2024


1. Statutory information

Further Adventures Limited 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company had net liabilities as at 31 January 2024. The company is dependent, in the absence of other funding, on the continued financial support of its directors. The directors have confirmed their commitment to provide the necessary support. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that might be necessary if the directors were not to provide further support.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

There are no assets which are initially measured at fair value.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

4. Employees and directors

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

FURTHER ADVENTURES LIMITED (REGISTERED NUMBER: 03141990)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


5. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 45,735 45,735

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 183 183
Directors' current accounts 446,246 446,246
Accrued expenses 1,050 1,050
447,479 447,479

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
600,002 Ordinary £1 600,002 600,002

8. Related party disclosures

Directors and owners holding a participating interest in Further Adventures Limited

2024 2023
£ £
Other creditors 446,246 446,426

The above loans are interest free and repayable on demand.