REGISTERED NUMBER: 11509186 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Adventure Nene Ltd

Page

Statement of financial position

1

to

2

Notes to the financial statements

3

to

5

Fixed assets

Tangible assets

5

46,485

34,921

Current assets

Debtors

6

1,547

3,347

Cash at bank and in hand

22,285

34,907

23,832

38,254

Creditors

Amounts falling due within one year

7

26,204

29,998

Net current (liabilities)/assets

(2,372

)

8,256

Total assets less current liabilities

44,113

43,177

Creditors

Amounts falling due after more than one year

8

(8,951

)

-

Provisions for liabilities

(5,296

)

(6,635

)

Net assets

29,866

36,542

Capital and reserves

Called up share capital

9

1

1

Retained earnings

29,865

36,541

Shareholders' funds

29,866

36,542

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

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

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 Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 September 2025 and were signed by:

D G Wallace - Director

1.	Statutory information

Adventure Nene Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11509186

Registered office:

22 St Georges Street

Stamford

Lincolnshire

PE9 2BU

The presentation currency of the financial statements is the Pound Sterling (£).

2.	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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

4.	Employees and directors

The average number of employees during the year was 14 (2023 - 10 ) .

5.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 January 2024

56,901

15,563

3,820

76,284

Additions

1,484

19,189

538

21,211

Disposals

(347

)

-

-

(347

)

At 31 December 2024

58,038

34,752

4,358

97,148

Depreciation

At 1 January 2024

29,218

10,809

1,336

41,363

Charge for year

7,027

1,590

712

9,329

Eliminated on disposal

(29

)

-

-

(29

)

At 31 December 2024

36,216

12,399

2,048

50,663

Net book value

At 31 December 2024

21,822

22,353

2,310

46,485

At 31 December 2023

27,683

4,754

2,484

34,921

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Prepayments

1,547

3,347

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Hire purchase contracts

2,238

-

Trade creditors

200

200

Corporation tax

(83

)

(983

)

Social security and other taxes

439

285

Directors' loan accounts

21,922

29,038

Accrued expenses

1,488

1,458

26,204

29,998

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Hire purchase contracts

8,951

-

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1