Koan Adventures Ltd

(Registration number: 08641729)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	11,146	7,883
Current assets
Debtors	5	189,691	95,728
Cash at bank and in hand		70,671	86,210
		260,362	181,938
Creditors: Amounts falling due within one year	6	(75,642)	(114,014)
Net current assets		184,720	67,924
Total assets less current liabilities		195,866	75,807
Creditors: Amounts falling due after more than one year	6	-	(10,006)
Net assets		195,866	65,801
Capital and reserves
Called up share capital	7	156	156
Profit and loss account		195,710	65,645
Total equity		195,866	65,801

Koan Adventures Ltd

(Registration number: 08641729)
Balance Sheet as at 31 August 2025

For the financial year ending 31 August 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’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 20 April 2026 and signed on its behalf by:
 

 

L Tracey
Director

Koan Adventures Ltd

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

1	Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Burnt Ash House
Cirencester Road
Chalford
Stroud
GL6 8PE

2	Accounting policies

Summary of significant accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Revenue recognition

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

The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

Koan Adventures Ltd

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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 corporation 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.

Tangible fixed assets

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

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:

Computer equipment	20% on cost

Research and development costs

Research and development costs are written off to profit or loss in the year incurred.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at cost 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 recognised at the transaction price.

Koan Adventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Koan Adventures Ltd

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

4	Tangible fixed assets

	Computer equipment £
Cost
At 1 September 2024	13,098
Additions	6,456
At 31 August 2025	19,554
Depreciation
At 1 September 2024	5,215
Charge for the year	3,193
At 31 August 2025	8,408
Carrying amount
At 31 August 2025	11,146
At 31 August 2024	7,883

5	Debtors: amounts falling due within one year

	2025 £	2024 £
Trade debtors	50,580	52,673
Prepayments and accrued income	46,478	43,055
Corporation tax	92,633	-
	189,691	95,728

Koan Adventures Ltd

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

6

Creditors

	2025 £	2024 £
Bank loans and overdrafts	10,448	10,648
Corporation tax	-	71,811
Taxation and social security	60,771	29,255
Accruals	2,175	2,300
Directors' loan accounts	2,248	-
	75,642	114,014
Due after one year
Loans and borrowings	-	10,006

The bank loan is the government backed Business Bounce Back Loan, an unsecured loan with a flexible repayment term of 6 years, charged at 2.5% interest. Repayments commenced in September 2021.

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A shares of £1 each	100	100	100	100
Ordinary B shares of £1 each	56	56	56	56
	156	156	156	156

Koan Adventures Ltd

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

8	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Total lease commitment	17,928	-