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REGISTERED NUMBER: 04150658 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

ELEMENTAL ADVENTURE LIMITED

ELEMENTAL ADVENTURE LIMITED (REGISTERED NUMBER: 04150658)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELEMENTAL ADVENTURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: J H Morland
M H Morland





SECRETARY: M H Morland





REGISTERED OFFICE: Kitts Farm
Churt
Surrey
GU10 2PH





REGISTERED NUMBER: 04150658 (England and Wales)





ACCOUNTANTS: Maxwell & Co
9 Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT

ELEMENTAL ADVENTURE LIMITED (REGISTERED NUMBER: 04150658)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,655 251
Investments 5 246,649 231,999
253,304 232,250

CURRENT ASSETS
Debtors 6 624,527 604,866
Cash at bank 1,099,296 825,248
1,723,823 1,430,114
CREDITORS
Amounts falling due within one year 7 1,229,736 1,035,439
NET CURRENT ASSETS 494,087 394,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

747,391

626,925

CAPITAL AND RESERVES
Called up share capital 10 10
Share premium 122,998 122,998
Retained earnings 624,383 503,917
SHAREHOLDERS' FUNDS 747,391 626,925

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

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

ELEMENTAL ADVENTURE LIMITED (REGISTERED NUMBER: 04150658)

BALANCE SHEET - continued
31 JULY 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 Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





J H Morland - Director


ELEMENTAL ADVENTURE LIMITED (REGISTERED NUMBER: 04150658)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Elemental Adventure 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.

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.
Plant and machinery - 50% on cost
Office equipment - 33% on cost

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.

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.

Pension costs and other post-retirement benefits
The company does not operate a pension scheme. Pension payments have been made into the employee's personal pension scheme and they have been charged to Profit & Loss in the period to which they relate.

Prepaid expenditure and deferred income
Invoiced income and expenditure relating to bookings occurring after the year end have been treated as deferred income and prepaid expenditure as these booking may be cancelled or rearranged.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

ELEMENTAL ADVENTURE LIMITED (REGISTERED NUMBER: 04150658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 August 2023 - 5,355 5,355
Additions 6,679 - 6,679
At 31 July 2024 6,679 5,355 12,034
DEPRECIATION
At 1 August 2023 - 5,104 5,104
Charge for year 164 111 275
At 31 July 2024 164 5,215 5,379
NET BOOK VALUE
At 31 July 2024 6,515 140 6,655
At 31 July 2023 - 251 251

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 August 2023 231,999
Additions 14,650
At 31 July 2024 246,649
NET BOOK VALUE
At 31 July 2024 246,649
At 31 July 2023 231,999

Cost or valuation at 31 July 2024 is represented by:

Other
investments
£   
Valuation in 2013 6,686
Valuation in 2014 (67 )
Valuation in 2015 7,166
Valuation in 2016 1,560
Valuation in 2017 (301 )
Valuation in 2018 2,178
Valuation in 2019 (19,862 )
Valuation in 2020 2,640
Valuation in 2022 231,999
Valuation in 2024 14,650
246,649

ELEMENTAL ADVENTURE LIMITED (REGISTERED NUMBER: 04150658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 301 3,286
Prepayments 624,226 601,580
624,527 604,866

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 64,543 46,770
Social security and other taxes 1,473 551
Other creditors - 4,349
Credit card account 11,599 3,870
Directors' current accounts 300 1,942
Accruals and deferred income 1,134,850 952,486
Accrued expenses 16,971 25,471
1,229,736 1,035,439

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J H Morland.

9. GOING CONCERN

Despite the impact of the coronavirus pandemic on the company, the directors consider that the business remains a going concern for the foreseeable future and with that in mind, the accounts have been prepared on the going concern basis.