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REGISTERED NUMBER: 04313153 (England and Wales)













Financial Statements

for the Year Ended 30 April 2024

for

Advanture Limited

Advanture Limited (Registered number: 04313153)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Advanture Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: C Pickersgill





REGISTERED OFFICE: 47 Market Street
Hemsworth
Pontefract
WF9 4LR





REGISTERED NUMBER: 04313153 (England and Wales)





ACCOUNTANTS: Integra (Angus Nordon) Ltd
47 Market Street
Hemsworth
Pontefract
WF9 4LR

Advanture Limited (Registered number: 04313153)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,695 16,356
Investment property 5 60,000 60,000
75,695 76,356

CURRENT ASSETS
Stocks 4,000 7,000
Debtors 6 2,682 1,474
Cash at bank 21,829 88,989
28,511 97,463
CREDITORS
Amounts falling due within one year 7 48,057 102,760
NET CURRENT LIABILITIES (19,546 ) (5,297 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,149

71,059

PROVISIONS FOR LIABILITIES 8 4,139 3,798
NET ASSETS 52,010 67,261

CAPITAL AND RESERVES
Called up share capital 9 2 1
Fair value reserve 10 21,382 -
Retained earnings 10 30,626 67,260
SHAREHOLDERS' FUNDS 52,010 67,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Advanture Limited (Registered number: 04313153)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 January 2025 and were signed by:





C Pickersgill - Director


Advanture Limited (Registered number: 04313153)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Advanture 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. 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

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.

Freehold property- 2% on cost
Plant and machinery- 25% on written down value
Fixtures and fittings- 25%on written down value
Computer equipment- 25% on written downvalue

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


Advanture Limited (Registered number: 04313153)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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 balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 26,358 17,758 44,116
DEPRECIATION
At 1 May 2023 10,537 17,223 27,760
Charge for year 528 133 661
At 30 April 2024 11,065 17,356 28,421
NET BOOK VALUE
At 30 April 2024 15,293 402 15,695
At 30 April 2023 15,821 535 16,356

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 60,000
NET BOOK VALUE
At 30 April 2024 60,000
At 30 April 2023 60,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2018 6,382
Valuation in 2020 5,000
Valuation in 2022 10,000
Cost 38,618
60,000

Advanture Limited (Registered number: 04313153)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 38,618 38,618

Investment property was valued on an open market basis on 30 April 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,682 1,474

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 14,392
Other creditors - 8,915
Tax - 2,047
VAT - 3,013
Director's current account 48,057 74,393
48,057 102,760

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,139 3,798

Deferred
tax
£   
Balance at 1 May 2023 3,798
Movement arising during year 341
Balance at 30 April 2024 4,139

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 1
(2023 - 1 )

1 Ordinary share of £1 was allotted and fully paid for cash at par during the year.

Advanture Limited (Registered number: 04313153)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 May 2023 67,260 - 67,260
Deficit for the year (15,252 ) (15,252 )
Fair value rev'ns unrealised (21,382 ) 21,382 -
At 30 April 2024 30,626 21,382 52,008

11. RELATED PARTY DISCLOSURES

During the year, a salary of £8,305 (2023 £9,060) was paid to the director.

Advanture Limited

Report of the Accountants to the Director of
Advanture Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Integra (Angus Nordon) Ltd
47 Market Street
Hemsworth
Pontefract
WF9 4LR


24 January 2025