Registration number: NI055451

Highpoint Adventure Management Ltd

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account	4
Balance Sheet	5 to 6
Notes to the Unaudited Financial Statements	7 to 12
iXBRL Detailed Profit and Loss Account	13

Highpoint Adventure Management Ltd

Company Information

Directors

Mr Martin McMullan Mr John Keating

Registered office

50A Main Street Newcastle Co Down BT33 0AD

Accountants

KPS Accountants Limited 50A Main Street Newcastle Co Down BT33 0AD

Highpoint Adventure Management Ltd

Directors' Report for the Year Ended 31 March 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr Martin McMullan

Mr John Keating

Principal activity

The principal activity of the company is Sporting Activities

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... Mr Martin McMullan Director

......................................... Mr John Keating Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Highpoint Adventure Management Ltd
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Highpoint Adventure Management Ltd for the year ended 31 March 2025 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in Ireland, we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Highpoint Adventure Management Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Highpoint Adventure Management Ltd and state those matters that we have agreed to state to the Board of Directors of Highpoint Adventure Management Ltd, as a body, in this report in accordance with the technical guidance issued by the Institute of Chartered Accountants in Ireland. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Highpoint Adventure Management Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Highpoint Adventure Management Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Highpoint Adventure Management Ltd. You consider that Highpoint Adventure Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Highpoint Adventure Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

KPS Accountants Limited
50A Main Street
Newcastle
Co Down
BT33 0AD

23 December 2025

Highpoint Adventure Management Ltd

Profit and Loss Account for the Year Ended 31 March 2025

	Note	2025 £	2024 £
Turnover		146,975	86,078
Cost of sales		(26,483)	(19,529)
Gross profit		120,492	66,549
Administrative expenses		(69,061)	(73,500)
Operating profit/(loss)		51,431	(6,951)
Interest payable and similar expenses		-	(970)
Profit/(loss) before tax	4	51,431	(7,921)
Profit/(loss) for the financial year		51,431	(7,921)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Highpoint Adventure Management Ltd

(Registration number: NI055451)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	210,484	215,433
Current assets
Debtors	6	70,764	69,804
Cash at bank and in hand		20,198	20,702
		90,962	90,506
Creditors: Amounts falling due within one year		(34,506)	(31,180)
Net current assets		56,456	59,326
Total assets less current liabilities		266,940	274,759
Creditors: Amounts falling due after more than one year		(3,302)	(13,446)
Net assets		263,638	261,313
Capital and reserves
Called up share capital	10	100	100
Retained earnings		263,538	261,213
Shareholders' funds		263,638	261,313

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Highpoint Adventure Management Ltd

(Registration number: NI055451)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... Mr Martin McMullan Director

......................................... Mr John Keating Director

Highpoint Adventure Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
50A Main Street
Newcastle
Co Down
BT33 0AD

These financial statements were authorised for issue by the Board on 23 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Highpoint Adventure Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment	25% Straight Line
Fixtures and Fittings	25% Straight Line
Motor Vehicles	20% Reducing Balance

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.

Highpoint Adventure Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Profit/loss before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	4,949	6,324

Highpoint Adventure Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	192,334	104,316	91,529	388,179
At 31 March 2025	192,334	104,316	91,529	388,179
Depreciation
At 1 April 2024	-	97,731	75,015	172,746
Charge for the year	-	1,646	3,303	4,949
At 31 March 2025	-	99,377	78,318	177,695
Carrying amount
At 31 March 2025	192,334	4,939	13,211	210,484
At 31 March 2024	192,334	6,585	16,514	215,433

Included within the net book value of land and buildings above is £192,334 (2024 - £192,334) in respect of freehold land and buildings.
 

6

Debtors

	2025 £	2024 £
Trade debtors	22,310	19,607
Other debtors	48,454	50,197
	70,764	69,804

Highpoint Adventure Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	8	11,244	12,276
Trade creditors		6,842	3,598
Taxation and social security		9,684	4,614
Other creditors		6,736	10,692
		34,506	31,180
Due after one year
Loans and borrowings	8	3,302	13,446