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Registered number: 12713015 ACTIVITIES VENTURE LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 JUNE 2025
ACTIVITIES VENTURE LIMITED CONTENTS
| Page
Statement of financial position | 1 - 2
Notes to the financial statements | 3 - 7
ACTIVITIES VENTURE LIMITED REGISTERED NUMBER: 12713015 STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 147,752 |  | 176,712
|  |  | 147,752 |  | 176,712
Current assets |  |  |  |  |
Stocks |  | 401,346 |  | 616,413 |
Debtors: amounts falling due within one year | 5 | 169,949 |  | 181,241 |
Cash at bank and in hand | 6 | 131,773 |  | 64,989 |
|  | 703,068 |  | 862,643 |
Creditors: amounts falling due within one year | 7 | (2,064,944) |  | (1,794,136) |
Net current liabilities |  |  | (1,361,876) |  | (931,493)
Net liabilities |  |  | (1,214,124) |  | (754,781)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Profit and loss account |  |  | (1,214,126) |  | (754,783)
|  |  | (1,214,124) |  | (754,781)
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by: Page 1
ACTIVITIES VENTURE LIMITED REGISTERED NUMBER: 12713015 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 JUNE 2025
N Morgan
Director
Date: 7 July 2026
The notes on pages 3 to 7 form part of these financial statements. Page 2
ACTIVITIES VENTURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
Tallington Lakes Activities Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is Tallington Lakes, Barholm Rd, Tallington, Stamford PE9 4RJ. The nature of the Company's operations and principal activities continued to be that of the provision of sports activity services. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
| 2.2 | Going concern
The directors have confirmed their financial support will be provided for the foreseeable future as and when required for the business. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
| 2.4 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds. Page 3
ACTIVITIES VENTURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.5 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 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 income.
| 2.6 | 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. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 25% | Reducing balance
|  |  |  | Motor vehicles | - | 25% | Reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.7 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 4
ACTIVITIES VENTURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.9 | 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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.10 | 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 measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including directors, during the year was 18 (2024 - 21).
4. | Tangible fixed assets
|  | Plant and machinery | Motor vehicles | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 July 2024 | 168,682 | 73,958 | 242,640
| Additions | 54,167 | 95,833 | 150,000
| Disposals | (151,249) | - | (151,249)
| At 30 June 2025 | 71,600 | 169,791 | 241,391
| Depreciation |  |  |
| At 1 July 2024 | 51,636 | 14,292 | 65,928
| Charge for the year on owned assets | 30,544 | 36,878 | 67,422
| Disposals | (39,711) | - | (39,711)
| At 30 June 2025 | 42,469 | 51,170 | 93,639
| Net book value |  |  |
| At 30 June 2025 | 29,131 | 118,621 | 147,752
| At 30 June 2024 | 117,046 | 59,666 | 176,712
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ACTIVITIES VENTURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 9,277 | 6,402
| Amounts owed by group undertakings | 160,670 | 120,670
| Other debtors | 2 | 54,169
|  | 169,949 | 181,241
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 131,773 | 64,989
|  | 131,773 | 64,989
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 14,113 | 11,768
| Amounts owed to group undertakings | 1,541,078 | 1,743,926
| Other taxation and social security | 19,622 | 17,078
| Other creditors | 443,577 | 21,364
| Accruals and deferred income | 46,554 | -
|  | 2,064,944 | 1,794,136
8. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,361 (2024 - £4,589). Contributions totalling £295 (2024: £208) were payable to the fund at the reporting date and are included in creditors. Page 6
ACTIVITIES VENTURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
9. | Related party transactions
| The company has taken advantage of the exemption available under FRS 102 section 33.1A where disclosures of transactions between group members are not required, provided that the subsidiary is wholly owned. As at the year end, the Company was owed £34,918 (2024: £34,918) by Tallington Holdings Limited, the parent company. As at the year end, the Company was owed £60,000 (2024: £25,000) by Leisure Venture Land Limited, a fellow subsidiary company. As at the year end, the Company was owed £44,185 (2024: £44,185) by Tallington Lake Sales Limited, a fellow subsidiary company. As at the year end, the Company was owed £11,422 (2024: £11,422) by Tallington Lakes Restuarant & Bar Limited, a fellow subsidiary company. As at the year end, the Company was owed £10,145 (2024: £10,145) by Tallington Lakes Land Limited, a fellow subsidiary company. As at the year end, the Company owed £328,217 (2024: £328,217 owed by) to Tallington Lakes Activities Limited, a fellow subsidiary company. As at the year end, the Company owed £43,578 (2024: £33,537) to Lakeside Club House Limited, a fellow subsidiary company. As at the year end, the Company owed £382,553 (2024: £290,742) to Leisure Site Limited, a fellow subsidiary company. As at the year end, the Company owed £786,730 (2024: £703,930) to Venture Lodges Limited, a fellow subsidiary company. As at the year end, the Company owed £222,500 (2024: £242,500) to Ping (Herts) Operations Limited, a company under common control. As at the year end, the Company owed £105,936 (2024: £85,000) to Cobra (Cambs) Limited, a company under common control. As at the year end, the Company owed £60,000 (2024: £60,000) to Abacus (Kent) Operations Limited, a company under common control. As at the year end, the Company owed £20,658 (2024: £15,429) to a director of the company.
10. | Controlling party
The company is controlled by Tallington Holdings Limited.
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