270 Adventure Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10094497

270 Adventure Limited

Filleted Unaudited Financial Statements

31 March 2025

270 Adventure Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

270 Adventure Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	4,282,887	1,766,067

Current assets

Stocks		22,196	4,781
Debtors	6	78,683	195,159
Cash at bank and in hand		154,839	11,277
		---------	---------
		255,718	211,217

Creditors: amounts falling due within one year	7	418,519	255,684
		---------	---------
Net current liabilities		162,801	44,467
		------------	------------
Total assets less current liabilities		4,120,086	1,721,600

Creditors: amounts falling due after more than one year	8	3,342,508	1,196,712
		------------	------------
Net assets		777,578	524,888
		------------	------------

270 Adventure Limited

Statement of Financial Position (continued)

31 March 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	1,362,326	915,000
Profit and loss account	( 584,748)	( 390,112)
	------------	---------
Shareholders funds	777,578	524,888
	------------	---------

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 comprehensive income 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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 14 December 2025 , and are signed on behalf of the board by:

R A Stevens	D I Stevens
Director	Director

Company registration number: 10094497

270 Adventure Limited

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 Box Bush Cottage, Wickridge Street, Ashleworth, Gloucester, GL19 4JW.

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.

Revenue recognition

Turnover represents the invoiced amount of goods and services provided, stated net of discounts and of Value Added Tax. Revenue is recognised at the point of sale.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

Land and buildings	-	0 - 50 years
Plant and machinery	-	3 - 10 years
Furniture, fittings and equipment	-	2 - 10 years
Motor vehicles	-	2 - 4 years

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 32 (2024: 19 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Furniture, fittings and equipment	Motor vehicles	Asset under construction	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2024	745,743	11,400	622,215	62,560	439,759	1,881,677
Additions	33,405	52,620	1,177,933	14,740	2,115,699	3,394,397
Disposals	( 735,584)	–	( 1,290)	–	–	( 736,874)
Transfers	1,830,429	–	550	–	(1,830,979)	–
	------------	--------	------------	--------	------------	------------
At 31 Mar 2025	1,873,993	64,020	1,799,408	77,300	724,479	4,539,200
	------------	--------	------------	--------	------------	------------
Depreciation
At 1 Apr 2024	1,769	5,012	79,576	29,253	–	115,610
Charge for the year	11,753	4,151	109,545	15,913	–	141,362
Disposals	–	–	( 659)	–	–	( 659)
	------------	--------	------------	--------	------------	------------
At 31 Mar 2025	13,522	9,163	188,462	45,166	–	256,313
	------------	--------	------------	--------	------------	------------
Carrying amount
At 31 Mar 2025	1,860,471	54,857	1,610,946	32,134	724,479	4,282,887
	------------	--------	------------	--------	------------	------------
At 31 Mar 2024	743,974	6,388	542,639	33,307	439,759	1,766,067
	------------	--------	------------	--------	------------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	29,795	58,351
Other debtors	48,888	136,808
	--------	---------
	78,683	195,159
	--------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	146,666	79,267
Social security and other taxes	29,797	11,557
Other creditors	242,056	164,860
	---------	---------
	418,519	255,684
	---------	---------

Included in other creditors is an amount due on a hire purchase contract of £9,423 (2024 - £8,573) which is secured on the asset to which it relates.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	3,342,508	1,196,712
	------------	------------

Included in other creditors is an amount due on a hire purchase contract of £826 (2024 - £10,249) which is secured on the asset to which it relates and an amount due on a loan of £2,075,000 (2024 - £nil) which is secured by a fixed and floating charge on the company's assets.

Also included in other creditors is an amount of £40,323 - (2024 - £40,819) in respect of liabilities repayable by instalments which fall due for payment more than five years from the reporting date.

9. Financial commitments

At the reporting date the company had commitments for future minimum lease payments under non-cancellable operating leases of £7,324 (2024 - £13,184).

10. Related party transactions

At the reporting date the company owed £16,474 (2024 - £175,000) in respect of loans received from the directors. No interest has been charged on these loans.