Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30true292023-07-01falseOperation of sports facilities21falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12713015 2023-07-01 2024-06-30 12713015 2022-07-01 2023-06-30 12713015 2024-06-30 12713015 2023-06-30 12713015 c:Director1 2023-07-01 2024-06-30 12713015 d:PlantMachinery 2023-07-01 2024-06-30 12713015 d:PlantMachinery 2024-06-30 12713015 d:PlantMachinery 2023-06-30 12713015 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12713015 d:MotorVehicles 2023-07-01 2024-06-30 12713015 d:MotorVehicles 2024-06-30 12713015 d:MotorVehicles 2023-06-30 12713015 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12713015 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12713015 d:CurrentFinancialInstruments 2024-06-30 12713015 d:CurrentFinancialInstruments 2023-06-30 12713015 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12713015 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12713015 d:ShareCapital 2024-06-30 12713015 d:ShareCapital 2023-06-30 12713015 d:RetainedEarningsAccumulatedLosses 2024-06-30 12713015 d:RetainedEarningsAccumulatedLosses 2023-06-30 12713015 c:FRS102 2023-07-01 2024-06-30 12713015 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12713015 c:FullAccounts 2023-07-01 2024-06-30 12713015 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12713015 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 12713015


ACTIVITIES VENTURE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024

 
ACTIVITIES VENTURE LIMITED
 

CONTENTS



Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 8


 
ACTIVITIES VENTURE LIMITED
 
 
  
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ACTIVITIES VENTURE LIMITED
FOR THE YEAR ENDED 30 JUNE 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Activities Venture Limited for the Year ended 30 June 2024 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

This report is made solely to the Director of Activities Venture Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Activities Venture Limited and state those matters that we have agreed to state to the Director of Activities Venture Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Activities Venture Limited and its Director for our work or for this report.
It is your duty to ensure that Activities Venture Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position, and profit of Activities Venture Limited. You consider that Activities Venture Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of Activities Venture 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 financial statements.

  



Xeinadin London Limited
 
Accountants
  
8th Floor
Becket House
36 Old Jewry
London
EC2R 8DD
16 June 2025
Page 1

 
ACTIVITIES VENTURE LIMITED
REGISTERED NUMBER: 12713015

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
176,712
65,084

  
176,712
65,084

Current assets
  

Stocks
  
616,413
659,557

Debtors: amounts falling due within one year
 5 
181,241
121,687

Cash at bank and in hand
 6 
64,989
25,722

  
862,643
806,966

Creditors: amounts falling due within one year
 7 
(1,794,136)
(1,218,047)

Net current liabilities
  
 
 
(931,493)
 
 
(411,081)

  

Net liabilities
  
(754,781)
(345,997)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(754,783)
(345,999)

  
(754,781)
(345,997)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 on 16 June 2025.




N Morgan
Director
Page 2

 
ACTIVITIES VENTURE LIMITED
REGISTERED NUMBER: 12713015
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
ACTIVITIES VENTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Tallington Lakes Activities Limited is a private company limited by shares incorporated in England and Wales, United Kingdom.  The address of the registered office is Tallington Lakes, Barholm Rd, Tallington, Stamford PE9 4RJ. 
The nature of the Company's operations and principal activities continued to be that of the provision of sports activity services.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

 
2.2

Going concern

The directors have confirmed their financial support will be provided for the foreseeable future as and when required for the business. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
ACTIVITIES VENTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less
costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in
progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount
is reduced to its selling price less costs to complete and sell. The impairment loss is recognised
immediately in profit or loss.

 
2.8

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.

Page 5

 
ACTIVITIES VENTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 29).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 July 2023
62,500
17,292
79,792


Additions
106,182
56,666
162,848



At 30 June 2024

168,682
73,958
242,640



Depreciation


At 1 July 2023
13,784
924
14,708


Charge for the Year on owned assets
37,852
13,368
51,220



At 30 June 2024

51,636
14,292
65,928



Net book value



At 30 June 2024
117,046
59,666
176,712



At 30 June 2023
48,716
16,368
65,084

Page 6

 
ACTIVITIES VENTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
6,402
4,259

Amounts owed by group undertakings
120,670
59,918

Other debtors
54,169
57,510

181,241
121,687



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
64,989
25,722

64,989
25,722



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
11,768
19,068

Amounts owed to group undertakings
1,743,926
1,187,398

Other taxation and social security
17,078
5,428

Other creditors
21,364
6,153

1,794,136
1,218,047



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £4,589 (2023 - £4,608).
Contributions totalling £208 (2023: £827) were payable to the fund at the reporting date and are included in creditors.

Page 7

 
ACTIVITIES VENTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Related party transactions

The company has taken advantage of the exemption available under FRS 102 section 33.1A where disclosures of transactions between group members are not required, provided that the subsidiary is wholly owned.
As at the year end, the Company were owed £Nil (2023: £34,918) by Tallington Holdings Limited, a company under common control.
As at the year end, the Company were owed £20,000 (2023: £25,000) by Leisure Venture Land Limited, a company under common control.
As at the year end, the Company were owed £44,185 (2023: £Nil) by Tallington Lake Sales Limited, a company under common control.  
As at the year end, the Company were owed £11,422 (2023: £Nil) by Tallington Lakes Restuarant & Bar Limited, a company under common control.
As at the year end, the Company were owed £10,145 (2023: £Nil) by Tallington Lakes Land Limited, a company under common control.
As at the year end, the Company were owed £34,918 (2023: £Nil) by Tallington Holdings Limited, a company under common control.
As at the year end, the Company owed £328,217 (2023: £336,901 owed by) to Tallington Lakes Activities Limited, a company under common control.

As at the year end, the Company owed £33,537 (2023: £25,898) to Lakeside Club House Limited, a company under common control.
As at the year end, the Company owed £290,742 (2023: £184,278) to Leisure Site Limited, a company under common control.
As at the year end, the Company owed £703,930 (2023: £482,371) to Venture Lodges Limited, a company under common control.
As at the year end, the Company owed £242,500 (2023: £42,500) to Ping (Herts) Operations Limited, in Which K Abbott has common control.
As at the year end, the Company owed £85,000 (2023: £85,000) to Cobra (Cambs) Limited, a company in Which K Abbott has common control.
As at the year end, the Company owed £60,000 (2023: £30,000) to Abacus (Kent) Operations Limited,a company in Which K Abbott has common control.
As at the year end, the Company owed £15,429 to  directors of the company.

10.


Controlling party

The company is controlled by Tallington Holdings Limited. 

 
Page 8