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Registered Number: SC734096
Scotland

 

 

 

HI ADVENTURES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Directors SHEARER Catherine Elizabeth
Euan Wilson
Registered Number SC734096
Registered Office 1 Bunchrew
Inverness
Highland
IV3 8TA
Accountants Shaun Hendry Accountancy Ltd
41A Montrose Avenue
Auldearn
Nairn
Highland
IV12 5TT
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 May 2024.
Principal activities
Principal activity of the company during the financial year was of ...
Directors
The directors who served the company throughout the year were as follows:
SHEARER Catherine Elizabeth
Euan Wilson
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Euan Wilson
Director

Date approved: 28 March 2025
2
Report to the directors on the preparation of the unaudited statutory accounts of HI Adventures Limited for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of HI Adventures Limited for the year ended 31 May 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of HI Adventures Limited, as a body, in accordance with the terms of our engagement letter dated 28 March 2025 Our work has been undertaken solely to prepare for your approval the accounts of HI Adventures Limited and state those matters that we have agreed to state to the Board of Directors of HI Adventures Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HI Adventures Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that HI Adventures Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of HI Adventures Limited. You consider that HI Adventures Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of HI Adventures Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 May 2024



....................................................
Shaun Hendry Accountancy Ltd
41A Montrose Avenue
Auldearn
Nairn
Highland
IV12 5TT
28 March 2025
3
 
 
Notes
 
2024
£
  2023
£
Other operating income 12,000   
Operating profit 12,000   
Interest payable and similar charges (7,435)  
Profit/(Loss) on ordinary activities before taxation 4,565   
Tax on profit on ordinary activities  
Profit/(Loss) for the financial year 4,565   
 
4
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 246,525   
246,525   
Current assets      
Debtors 4   100 
Creditors: amount falling due within one year 5 (52,500)  
Net current assets (52,500)   100 
 
Total assets less current liabilities 194,025    100 
Creditors: amount falling due after more than one year 6 (189,360)  
Net assets 4,665    100 
 

Capital and reserves
     
Called up share capital 7 100    100 
Profit and loss account 4,565   
Shareholders' funds 4,665    100 
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 28 March 2025 and were signed on its behalf by:


-------------------------------
Euan Wilson
Director
5
  Equity share capital   Retained Earnings   Total
£ £ £
Total comprehensive income for the year
Shares issued 100  100 
Total investments by and distributions to owners 100  100 
At 31 May 2023 100  100 
At 01 June 2023 100  100 
Profit for the year 4,565  4,565 
Total comprehensive income for the year 4,565  4,565 
Total investments by and distributions to owners
At 31 May 2024 100  4,565  4,665 
6
General Information
HI Adventures Limited is a private company, limited by shares, registered in Scotland, registration number SC734096, registration address 1 Bunchrew, Inverness, Highland, IV3 8TA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Average number of employees

Average Number of employees during the year was Nil. (2023 Nil)
Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 June 2023  
Additions 246,525    246,525 
Disposals  
At 31 May 2024 246,525    246,525 
Depreciation
At 01 June 2023  
Charge for year  
On disposals  
At 31 May 2024  
Net book values
Closing balance as at 31 May 2024 246,525    246,525 
Opening balance as at 01 June 2023  


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Directors' Current Accounts   100 
  100 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Amounts Owed to Group Undertakings 52,500   
52,500   

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured) 189,360   
189,360   

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

7