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REGISTERED NUMBER: 05169306 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

LIFECYCLE ADVENTURES (UK) LIMITED

LIFECYCLE ADVENTURES (UK) LIMITED (REGISTERED NUMBER: 05169306)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIFECYCLE ADVENTURES (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTOR: A Blakey





SECRETARY: C Blakey Williams





REGISTERED OFFICE: 83 Cambridge Street
Pimlico
London
SW1V 4PS





REGISTERED NUMBER: 05169306 (England and Wales)





ACCOUNTANTS: George Hay & Company
Chartered Accountants
83 Cambridge Street
London
SW1V 4PS

LIFECYCLE ADVENTURES (UK) LIMITED (REGISTERED NUMBER: 05169306)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 18,372 18,372

CURRENT ASSETS
Cash at bank 2,927 2,927

CREDITORS
Amounts falling due within one year 5 991 866
NET CURRENT ASSETS 1,936 2,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,308

20,433

CREDITORS
Amounts falling due after more than one year 6 42,430 41,476
NET LIABILITIES (22,122 ) (21,043 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (22,123 ) (21,044 )
SHAREHOLDERS' FUNDS (22,122 ) (21,043 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

LIFECYCLE ADVENTURES (UK) LIMITED (REGISTERED NUMBER: 05169306)

BALANCE SHEET - continued
31ST DECEMBER 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 1st August 2025 and were signed by:





A Blakey - Director


LIFECYCLE ADVENTURES (UK) LIMITED (REGISTERED NUMBER: 05169306)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Lifecycle Adventures (UK) 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.

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.

Going concern
The company has obtained undertakings from its director that he will continue to support the company for at least 12 months from the date at approval of the Financial Statements and meet all third party liabilities as they fall due. Given this understanding, the director considers it appropriate to adopt a going concern basis in preparing the financial statements.

Financial instruments
The company only enters into basic financial 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 and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

LIFECYCLE ADVENTURES (UK) LIMITED (REGISTERED NUMBER: 05169306)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st January 2024
and 31st December 2024 18,372
NET BOOK VALUE
At 31st December 2024 18,372
At 31st December 2023 18,372

This investment is held by the company as trustee/nominee for the controlling director and represents 51.8% of the equity of Springwater Adventures LLC, a company registered in Oregon, USA.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued expenses 991 866

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Director's Loan Account 42,430 41,476

7. RELATED PARTY DISCLOSURES

The company is acting as trustee/nominee for the controlling director, A Blakey, and has in this capacity subscribed to US$25,075 - £18,372 (2023:$25,075 - £18,372) for equity in a US entity Springwater Adventures LLC.

The amount due to the director at 31st December 2024 totalled £42,430 (2023: £41,476).