Silverfin false false 31/05/2024 01/06/2023 31/05/2024 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 January 2025 The principal activity of the Company during the financial year was artiste management and consultancy. 06913353 2024-05-31 06913353 bus:Director1 2024-05-31 06913353 bus:Director2 2024-05-31 06913353 bus:Director3 2024-05-31 06913353 2023-05-31 06913353 core:CurrentFinancialInstruments 2024-05-31 06913353 core:CurrentFinancialInstruments 2023-05-31 06913353 core:ShareCapital 2024-05-31 06913353 core:ShareCapital 2023-05-31 06913353 core:RetainedEarningsAccumulatedLosses 2024-05-31 06913353 core:RetainedEarningsAccumulatedLosses 2023-05-31 06913353 core:OfficeEquipment 2023-05-31 06913353 core:OfficeEquipment 2024-05-31 06913353 bus:OrdinaryShareClass1 2024-05-31 06913353 2023-06-01 2024-05-31 06913353 bus:FilletedAccounts 2023-06-01 2024-05-31 06913353 bus:SmallEntities 2023-06-01 2024-05-31 06913353 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 06913353 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06913353 bus:Director1 2023-06-01 2024-05-31 06913353 bus:Director2 2023-06-01 2024-05-31 06913353 bus:Director3 2023-06-01 2024-05-31 06913353 core:OfficeEquipment core:TopRangeValue 2023-06-01 2024-05-31 06913353 2022-06-01 2023-05-31 06913353 core:OfficeEquipment 2023-06-01 2024-05-31 06913353 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 06913353 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 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 2024
Pages for filing with the registrar

37 ADVENTURES LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

37 ADVENTURES LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2024
37 ADVENTURES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2024
DIRECTORS Ms A A Bean (Resigned 23 January 2024)
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 2024
37 ADVENTURES LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 11,596 18,763
11,596 18,763
Current assets
Debtors 4 360,653 288,181
Cash at bank and in hand 59,952 119,285
420,605 407,466
Creditors: amounts falling due within one year 5 ( 336,935) ( 344,509)
Net current assets 83,670 62,957
Total assets less current liabilities 95,266 81,720
Provision for liabilities ( 1,215) ( 722)
Net assets 94,051 80,998
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 93,951 80,898
Total shareholders' funds 94,051 80,998

For the financial year ending 31 May 2024 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 January 2025. 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 2024
37 ADVENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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.

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.

2. Employees

2024 2023
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 2023 45,388 45,388
Additions 1,332 1,332
Disposals ( 14,325) ( 14,325)
At 31 May 2024 32,395 32,395
Accumulated depreciation
At 01 June 2023 26,625 26,625
Charge for the financial year 6,108 6,108
Disposals ( 11,934) ( 11,934)
At 31 May 2024 20,799 20,799
Net book value
At 31 May 2024 11,596 11,596
At 31 May 2023 18,763 18,763

4. Debtors

2024 2023
£ £
Trade debtors 16,573 38,000
Accrued income 175,415 8,573
VAT recoverable 0 43,185
Corporation tax 0 25,117
Other debtors 168,665 173,306
360,653 288,181

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 9,870 6,145
Amounts owed to directors 250,903 246,284
Other loans 50,000 50,000
Accruals and deferred income 15,296 42,050
Taxation and social security 10,836 0
Other creditors 30 30
336,935 344,509

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Financial commitments

Commitments

Capital commitments are as follows:

2024 2023
£ £
Contracted for but not provided for:
Other 0 23,099