REGISTERED NUMBER: 11536738 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st August 2025

for

LETS EXPLORE HOLDINGS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Accountants' Report

9

DIRECTORS:

J Bayly

R M Parker

REGISTERED OFFICE:

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

REGISTERED NUMBER:

11536738 (England and Wales)

ACCOUNTANTS:

TC Group

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

FIXED ASSETS

Intangible assets

4

2,296

2,627

Tangible assets

5

3,283

6,047

Investments

6

100

100

5,679

8,774

CURRENT ASSETS

Debtors

7

34,838

49,230

Cash at bank and in hand

35,527

36,924

70,365

86,154

CREDITORS

Amounts falling due within one year

8

58,960

39,277

NET CURRENT ASSETS

11,405

46,877

TOTAL ASSETS LESS CURRENT LIABILITIES

17,084

55,651

CREDITORS

Amounts falling due after more than one year

9

(8,345

)

(58,345

)

PROVISIONS FOR LIABILITIES

(821

)

(1,597

)

NET ASSETS/(LIABILITIES)

7,918

(4,291

)

CAPITAL AND RESERVES

Called up share capital

421

421

Retained earnings

7,497

(4,712

)

7,918

(4,291

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st May 2026 and were signed on its behalf by:

J Bayly - Director

1.	STATUTORY INFORMATION

Lets Explore Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

Preparation of consolidated financial statements

The financial statements contain information about Lets Explore Holdings Limited as an individual company and do not contain financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover from a contract to provide services is recognised in the period in which the services are provided when all of the following conditions are satisfied:

-

the amount of turnover can be measure reliably

-

it is probable that the company will receive the consideration due under the contract; and

-

the stage of completion of the service at the end of the reporting period can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Fixtures and fittings

- 25% straight line

Leasehold Improvements

- 10% straight line

Plant and equipment

- 25% straight line

Gains and losses on disposals are determined by comparing the proceeds with the carrying amounts and are recognised in the Statement of Comprehensive Income.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

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.

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.

Debtor

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st September 2024

4,310

Additions

995

At 31st August 2025

5,305

AMORTISATION

At 1st September 2024

1,683

Charge for year

1,326

At 31st August 2025

3,009

NET BOOK VALUE

At 31st August 2025

2,296

At 31st August 2024

2,627

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1st September 2024

and 31st August 2025

5,000

9,806

53,880

68,686

DEPRECIATION

At 1st September 2024

1,217

7,542

53,880

62,639

Charge for year

500

2,264

-

2,764

At 31st August 2025

1,717

9,806

53,880

65,403

NET BOOK VALUE

At 31st August 2025

3,283

-

-

3,283

At 31st August 2024

3,783

2,264

-

6,047

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st September 2024

and 31st August 2025

100

NET BOOK VALUE

At 31st August 2025

100

At 31st August 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Amounts owed by group undertakings

-

25,840

Other debtors

1,461

139

Prepayments

33,377

23,251

34,838

49,230

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

13,197

8,999

Amounts owed to group undertakings

6,275

-

Tax

4,390

6,047

Social security and other taxes

458

581

VAT

12,089

8,323

Other creditors

69

4,776

Accruals and deferred income

22,482

10,551

58,960

39,277

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Other creditors

8,345

58,345

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.25

31.8.24

£

£

Within one year

85,000

85,000

Between one and five years

340,000

340,000

In more than five years

134,583

219,583

559,583

644,583

11.	RELATED PARTY DISCLOSURES

Included within other creditors older than a year is an amount owed to a shareholder of £8,345 (2024 - £58,345). This amount is interest free and repayable in more than a year.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31st August 2025.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

TC Group

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

21st May 2026