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COMPANY REGISTRATION NUMBER: 11280509

The Climbing Experience Ltd

Filleted Unaudited Financial Statements

31 March 2025

The Climbing Experience Ltd

Financial Statements

Year ended 31 March 2025

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

The Climbing Experience Ltd

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 398,246 | 426,652

Current assets

Stocks | 12,259 | 16,745
Debtors | 6 | 100,851 | 80,632
Cash at bank and in hand | 10,103 | 10,827
| --------- | ---------
| 123,213 | 108,204

Creditors: amounts falling due within one year | 7 | ( 489,800) | ( 455,971)
| --------- | ---------
Net current liabilities | ( 366,587) | ( 347,767)
| --------- | ---------
Total assets less current liabilities | 31,659 | 78,885

Creditors: amounts falling due after more than one year | 8 | ( 262,987) | ( 257,624)
| --------- | ---------
Net liabilities | ( 231,328) | ( 178,739)
| --------- | ---------

Capital and reserves

Called up share capital | 100 | 100
Share premium account | 149,900 | 149,900
Profit and loss account | ( 381,328) | ( 328,739)
| --------- | ---------
Shareholders deficit | ( 231,328) | ( 178,739)
| --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

The Climbing Experience Ltd

Statement of Financial Position (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 20 November 2025 , and are signed on behalf of the board by:

R V Woods |
Director |

Company registration number: 11280509

The Climbing Experience Ltd

Notes to the Financial Statements

Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit G15 Baltic Wharf, St. Peters Street, Maidstone, ME16 0ST, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors will continue to support the company and believe that the company will generate a profit in future periods therefore the accounts have been prepared on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Furniture | - | 20% straight line
| Computer equipment | - | 33% straight line
| Fixtures and fittings | - | 10% straight line
| Motor vehicles | - | 25% straight line

| Equipment | - | 25% straight line
| Climbing wall | - | 7 % straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 21 (2024: 24 ).
5. Tangible assets

| Furniture | Computer equipment | Fixtures, fittings and equipment | Motor vehicles | Climbing wall | Total
| £ | £ | £ | £ | £ | £
Cost |  |  |  |  |  |
At 1 Apr 2024 | 9,589 | 17,884 | 313,708 | – | 401,796 | 742,977
Additions | 900 | 100 | 28,121 | 12,990 | – | 42,111
Disposals | – | – | ( 1,851) | – | – | ( 1,851)
| -------- | -------- | --------- | -------- | --------- | ---------
At 31 Mar 2025 | 10,489 | 17,984 | 339,978 | 12,990 | 401,796 | 783,237
| -------- | -------- | --------- | -------- | --------- | ---------
Depreciation |  |  |  |  |  |
At 1 Apr 2024 | 8,229 | 16,755 | 159,323 | – | 132,018 | 316,325
Charge for the year | 1,069 | 507 | 39,773 | 2,382 | 26,786 | 70,517
Disposals | – | – | ( 1,851) | – | – | ( 1,851)
| -------- | -------- | --------- | -------- | --------- | ---------
At 31 Mar 2025 | 9,298 | 17,262 | 197,245 | 2,382 | 158,804 | 384,991
| -------- | -------- | --------- | -------- | --------- | ---------
Carrying amount |  |  |  |  |  |
At 31 Mar 2025 | 1,191 | 722 | 142,733 | 10,608 | 242,992 | 398,246
| -------- | -------- | --------- | -------- | --------- | ---------
At 31 Mar 2024 | 1,360 | 1,129 | 154,385 | – | 269,778 | 426,652
| -------- | -------- | --------- | -------- | --------- | ---------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 7,974 | 6,237
Other debtors | 92,877 | 74,395
| --------- | --------
| 100,851 | 80,632
| --------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 19,822 | 16,328
Trade creditors | 107,354 | 83,840
Social security and other taxes | 62,133 | 69,287
Other creditors | 300,491 | 286,516
| --------- | ---------
| 489,800 | 455,971
| --------- | ---------

Bank loans and overdrafts are secured by way of a fixed and floating charge against the company undertakings and assets.
8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 262,987 | 257,624
| --------- | ---------

Bank loans and overdrafts are secured by way of a fixed and floating charge against the company undertakings and assets.
9. Related party transactions
At the year end the company owed the directors £264,895 (2024: £241,124).