General Information
Curious Explorers Ltd is a private company, limited by shares, registered in UK, registration number 09491758, registration address Curious Explorers, 194 Clarence Road, Fleet, Hampshire, GU51 3XP.
The presentation currency is £ sterling.
| 1. |
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
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.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Equipment |
20% Reducing Balance
|
| Fixtures and Fittings |
20% Reducing Balance
|
| Computer Equipment |
20% Reducing Balance
|
| Improvements to property |
20% Reducing Balance |
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised costs using the effective interest method.
|
| 2. |
Average number of employees
Average number of employees during the year was 65 (2024 : 60).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Land & buildings |
|
Plant and Equipment |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Improvements to property |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
895,432 |
|
155,464 |
|
191,966 |
|
19,720 |
|
426,471 |
|
1,689,053 |
| Additions |
- |
|
- |
|
28,062 |
|
12,009 |
|
155,548 |
|
195,619 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
895,432 |
|
155,464 |
|
220,028 |
|
31,729 |
|
582,019 |
|
1,884,672 |
| Depreciation |
| At 01 April 2024 |
- |
|
96,082 |
|
71,470 |
|
7,117 |
|
142,728 |
|
317,397 |
| Charge for year |
- |
|
11,876 |
|
27,910 |
|
3,687 |
|
70,246 |
|
113,719 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
- |
|
107,958 |
|
99,380 |
|
10,804 |
|
212,974 |
|
431,116 |
| Net book values |
| Closing balance as at 31 March 2025 |
895,432 |
|
47,506 |
|
120,648 |
|
20,925 |
|
369,045 |
|
1,453,556 |
| Opening balance as at 01 April 2024 |
895,432 |
|
59,382 |
|
120,496 |
|
12,603 |
|
283,743 |
|
1,371,656 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Prepayments & Accrued Income |
2,181 |
|
1,359 |
| Other Debtors |
352,644 |
|
172,644 |
| Tax Recoverable |
55,044 |
|
55,044 |
| Directors' Current Accounts |
199,983 |
|
163,095 |
|
609,852 |
|
392,142 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Bank Loans Less than 1 Year |
67,188 |
|
68,761 |
| Social Security and Other Taxes |
419,463 |
|
342,203 |
| Accruals and Deferred Income |
80,453 |
|
115,811 |
| Other Creditors |
4,321 |
|
3,220 |
|
571,425 |
|
529,995 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans 2-5 Years |
443,034 |
|
469,959 |
|
443,034 |
|
469,959 |
|
| 7. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
47,270 |
|
48,120 |
|
47,270 |
|
48,120 |
|
| 8. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
4
Class A shares of £1.00 each |
4 |
|
4 |
|
4 |
|
4 |
|
| 9. |
Advances and Credits
Alicia Marie Lesch Barend Frederik Lesch | Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Alicia Marie Lesch | 81,547 | | 78,254 | | - | | 59,810 | | - | | - | | 99,991 | | Barend Frederik Lesch | 81,547 | | 78,254 | | - | | 59,810 | | - | | - | | 99,991 | | 163094 | | 156508 | | 0 | | 119620 | | 0 | | 0 | | 199982 |
| Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Alicia Marie Lesch | 81,547 | | - | | - | | - | | - | | - | | 81,547 | | Barend Frederik Lesch | - | | 81,547 | | - | | - | | - | | - | | 81,547 | | 81547 | | 81547 | | 0 | | 0 | | 0 | | 0 | | 163094 |
|
| 10. |
Related party transactions
During the financial year under review, Curious Explorers Ltd has loaned a company under common control, ABBJ PROPERTIES LTD, a total of £352,644. The full balance was still outstanding as at 31st March 2025 and is repayable on demand.
|
4
|