IRIS Accounts Production v25.1.0.734 05585258 director 1.1.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055852582022-12-31055852582024-06-30055852582023-01-012024-06-30055852582021-12-31055852582022-01-012022-12-31055852582022-12-3105585258ns15:EnglandWales2023-01-012024-06-3005585258ns14:PoundSterling2023-01-012024-06-3005585258ns10:Director12023-01-012024-06-3005585258ns10:PrivateLimitedCompanyLtd2023-01-012024-06-3005585258ns10:SmallEntities2023-01-012024-06-3005585258ns10:AuditExempt-NoAccountantsReport2023-01-012024-06-3005585258ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012024-06-3005585258ns10:SmallCompaniesRegimeForAccounts2023-01-012024-06-3005585258ns10:FullAccounts2023-01-012024-06-3005585258ns10:Director22023-01-012024-06-3005585258ns10:RegisteredOffice2023-01-012024-06-3005585258ns5:CurrentFinancialInstruments2024-06-3005585258ns5:CurrentFinancialInstruments2022-12-3105585258ns5:ShareCapital2024-06-3005585258ns5:ShareCapital2022-12-3105585258ns5:RetainedEarningsAccumulatedLosses2024-06-3005585258ns5:RetainedEarningsAccumulatedLosses2022-12-3105585258ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3005585258ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-31
REGISTERED NUMBER: 05585258 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2023 TO 30 JUNE 2024

FOR

DIRECT EXPERIENCES LIMITED

DIRECT EXPERIENCES LIMITED (REGISTERED NUMBER: 05585258)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIRECT EXPERIENCES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024







DIRECTOR: Mr D Edmonds





REGISTERED OFFICE: Prestwold Driving Centre
Prestwold Lane
Hoton
Leicester
Leicestershire
LE12 5SH





REGISTERED NUMBER: 05585258 (England and Wales)

DIRECT EXPERIENCES LIMITED (REGISTERED NUMBER: 05585258)

BALANCE SHEET
30 JUNE 2024

2024 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 920,388 920,122
Cash at bank - 266
920,388 920,388
CREDITORS
Amounts falling due within one year 5 884,483 884,483
NET CURRENT ASSETS 35,905 35,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,905

35,905

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 35,904 35,904
SHAREHOLDERS' FUNDS 35,905 35,905

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

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

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 1 May 2025 and were signed by:





Mr D Edmonds - Director


DIRECT EXPERIENCES LIMITED (REGISTERED NUMBER: 05585258)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024


1. STATUTORY INFORMATION

Direct Experiences 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Taxation
Taxation for the period 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.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Other debtors 917,280 917,014
Taxation 3,108 3,108
920,388 920,122

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Other creditors 884,483 884,483

DIRECT EXPERIENCES LIMITED (REGISTERED NUMBER: 05585258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024


6. RELATED PARTY DISCLOSURES

At the end of the period, the company was owed £917,280 (2022 - £917,014) from a related company.

At the year end a balance of £880,225 (2022 - £880,225) remained outstanding to related companies.

No interest was charged on the above balances.