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Registered number: 08612311
Remote Adventures Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08612311
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 87,236 99,280
Investments 4 1,982,044 942,379
2,069,280 1,041,659
CURRENT ASSETS
Debtors 5 1,050 12,001
Cash at bank and in hand 7,522 2,059
8,572 14,060
Creditors: Amounts Falling Due Within One Year 6 (34,555 ) (27,209 )
NET CURRENT ASSETS (LIABILITIES) (25,983 ) (13,149 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,043,297 1,028,510
Creditors: Amounts Falling Due After More Than One Year 7 (1,728,270 ) (798,000 )
NET ASSETS 315,027 230,510
CAPITAL AND RESERVES
Called up share capital 8 220 220
Share premium account 219,780 219,780
Capital redemption reserve 1,000 1,000
Profit and Loss Account 94,027 9,510
SHAREHOLDERS' FUNDS 315,027 230,510
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
A Collins
Director
18/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Remote Adventures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08612311 . The registered office is Unit 2 Green Farm Business Park, Folly Road, Latteridge, Bristol, BS37 9TZ.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 5-10% straight line
1.4. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
1.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
1.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was  NIL (2023: NIL)
- -
3. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 234,094
Additions 1,562
As at 31 December 2024 235,656
Depreciation
As at 1 January 2024 134,814
Provided during the period 13,606
As at 31 December 2024 148,420
Net Book Value
As at 31 December 2024 87,236
As at 1 January 2024 99,280
4. Investments
Listed
£
Cost
As at 1 January 2024 942,379
Additions 940,000
Disposals (14,000 )
Revaluations 125,725
Other (12,060 )
As at 31 December 2024 1,982,044
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1,982,044
As at 1 January 2024 942,379
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 11,001
Other debtors 1,050 1,000
1,050 12,001
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 25,104 25,104
Corporation tax 8,801 1,505
Accruals and deferred income 650 600
34,555 27,209
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 1,728,270 798,000
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
220 Ordinary B shares of £ 1.00 each 220 220
Page 5