ADVENTURE NAC LIMITED


Directors	BROOKS, Gayle
	BROOKS, Iain Christopher


Registered Address	Newlands Adventure Centre
	Stair
	Keswick
	CA12 5UF


Registered Number	15500465 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025
		£	£
Fixed assets
Investments	3		264,262
			264,262
Current assets
Debtors	4	141,201
		141,201
Creditors amounts falling due within one year	5	(295,878)
Net current assets (liabilities)			(154,677)
Total assets less current liabilities			109,585
Creditors amounts falling due after one year	6		(83,333)
Net assets			26,252
Capital and reserves
Called up share capital			1,000
Profit and loss account			25,252
Shareholders' funds			26,252

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 October 2025, and are signed on its behalf by:

BROOKS, Gayle
Director
Registered Company No. 15500465

ADVENTURE NAC LIMITED

Notes to the Financial Statements
for the period ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 policy

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/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

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.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025
	Average number of employees during the year	2

3.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
Additions	264,262	264,262
At 31 March 25	264,262	264,262
Net book value
At 31 March 25	264,262	264,262

	Notes
	¹Investments in group undertakings and participating interests

4.	Debtors: amounts due within one year

		2025
		£
	Amounts owed by group undertakings	141,201
	Total	141,201

5.	Creditors: amounts due within one year

		2025
		£
	Trade creditors / trade payables	350
	Amounts owed to related parties	116,690
	Taxation and social security	7,702
	Other creditors	170,104
	Accrued liabilities and deferred income	1,032
	Total	295,878

6.	Creditors: amounts due after one year

		2025
		£
	Other creditors	83,333
	Total	83,333

7.	Related party transactions
	During the year the director had a loan account with the company. At the balance sheet date the company owed the director £56,606. This loan is unsecured, interest free and repayable upon demand. During the year the director had a loan account with the company. At the balance sheet date the company owed the director £30,164. This loan is unsecured, interest free and repayable upon demand.

8.	Parent-subsidiary relationships
	The company, and the group headed by it, qualify as a small group and as such the parent and the group are exempt from producing group accounts.