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Registered number: 01839715


ARCTIC EXPERIENCE LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ARCTIC EXPERIENCE LIMITED
REGISTERED NUMBER: 01839715

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
297,291
304,654

Cash at bank and in hand
  
77,363
12,756

  
374,654
317,410

Creditors: amounts falling due within one year
 5 
(315,668)
(258,425)

Net current assets
  
 
 
58,986
 
 
58,985

  

Net assets
  
58,986
58,985


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Profit and loss account
  
8,986
8,985

  
58,986
58,985


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M N Leaney
Director

Date: 31 January 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ARCTIC EXPERIENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Arctic Experience Limited is a private company limited by shares incorporated in England and Wales, United Kingdom.
The address of the registered office is One Dorking Office Park, Station Road, Dorking, England, RH4 1HJ.
The principal activity of the Company continued to be that of a ticketing supplier.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

 
2.2

Revenue

Revenue comprises amounts recognised by the Company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

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.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term 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.

Page 2

 
ARCTIC EXPERIENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 
ARCTIC EXPERIENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
160,291
160,291

Other debtors
137,000
137,000

Prepayments and accrued income
-
7,363

297,291
304,654



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
19,596
22

Amounts owed to group undertakings
291,072
253,403

Accruals and deferred income
5,000
5,000

315,668
258,425



6.


Contingent liabilities

As at 30 September 2024, there were contingent liabilities given by the Company in the normal course of
business to insurance obligors in respect of IATA bonds amounting to £137,000 (2023: £137,000).


7.


Related party transactions

The Company has taken the exemption available to not disclose transactions with wholly owned group members.


8.


Controlling party

The Company was under the control of the directors throughout the year.
The immediate parent company is Discover The World Limited.
The ultimate parent company is DTW (Holdings) Limited.
The largest group to consolidate these financial statements is DTW (Holdings) Limited. Copies of the consolidated financial statements can be obtained from the Company Secretary at One Dorking Office Park, Station Road, Dorking, England, RH4 1HJ.

Page 4

 
ARCTIC EXPERIENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 31 January 2025 by Ian Palmer FCA (Senior Statutory Auditor) on behalf of Xeinadin Audit Limited.

 
Page 5