Registration number:
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Expedition Operations Ltd
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Brebners
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Expedition Operations Ltd
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Financial Statements |
Expedition Operations Ltd
Company Information
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Directors |
O G Thomas H A Rintoul |
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Registered office |
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Auditor |
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Expedition Operations Ltd
Statement of Financial Position as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets/(liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets/(liabilities) |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Retained earnings |
51,167 |
(14,424) |
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Shareholders' funds/(deficit) |
51,168 |
(14,423) |
spacing
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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O G Thomas
Director
Company registration number: 14443454
Expedition Operations Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
The principal activity of the company is that of the support of the funds’ portfolios through operational enhancement and consulting activities..
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Audit Report |
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Accounting policies |
Statement of compliance
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' Section 1A and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Going concern
The company made a profit for the period ended 31 March 2025 and had net assets at that date amounting to £51,168.
The directors expect the Group to have adequate working capital for the foreseeable future and have prepared financial forecasts which demonstrate that the Group has adequate working capital to operate for a period of at least twelve months from the date of approval of the financial statements.
As such the directors have a reasonable expectation that the company has adequate resources to continue operating for the foreseeable future and that it will be able to meet its obligations as they fall due. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
Expedition Operations Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
Revenue recognition
Revenue comprises the fair value of the consideration received or receivable for services provided in the ordinary course of the company's activities. Revenue from fees is recognised over the period in which discretionary investment advisory services have been provided to clients and the amount of revenue can be measured reliably.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Furniture, fittings & equipment |
25% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Expedition Operations Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
The average number of persons employed by the company during the year, was
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 April 2024 |
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Additions |
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At 31 March 2025 |
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Depreciation |
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At 1 April 2024 |
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Charge for the year |
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At 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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Debtors |
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2025 |
2024 |
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Trade debtors |
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Other debtors |
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Expedition Operations Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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- |
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Accruals and deferred income |
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Other creditors |
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Related party transactions |
In accordance with FRS102 paragraph 33.1A exemption is taken not to disclose transactions or amounts due between wholly owned group undertakings.
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Relationship between entity and parents |
The parent of the smallest group preparing group accounts including the results of the company is headed by Expedition Growth Capital Limited.
The registered address of Expedition Growth Capital Limited is Fourth Floor, 14 Golden Square, W1F 9JG.