Registration number: 04440338

Maximum Adventure Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Maximum Adventure Limited

Company Information

Director

MP Bowness

Company secretary

M Bowness

Registered office

Hartley Fold House Hartley Kirkby Stephen Cumbria CA17 4JH

Accountants

Stables Thompson & Briscoe Ltd Chartered Accountants & Business AdvisersUnit 27, Cumberland House Kirkby Stephen Business Park St Luke’s Road Kirkby Stephen Cumbria CA17 4HT

Maximum Adventure Limited

(Registration number: 04440338)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	114,917	115,866
Tangible assets	5	14,080	26,569
		128,997	142,435
Current assets
Debtors	6	160,144	127,075
Cash at bank and in hand		182,891	130,409
		343,035	257,484
Creditors: Amounts falling due within one year	7	(489,057)	(381,562)
Net current liabilities		(146,022)	(124,078)
Total assets less current liabilities		(17,025)	18,357
Creditors: Amounts falling due after more than one year	7	(206,697)	(137,639)
Net liabilities		(223,722)	(119,282)
Capital and reserves
Called up share capital		122	122
Share premium reserve		119,978	119,978
Retained earnings		(343,822)	(239,382)
Shareholders' deficit		(223,722)	(119,282)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 July 2026
 

......................................... MP Bowness Director

Maximum Adventure Limited

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

1	General information

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

The address of its registered office is:
Hartley Fold House
Hartley
Kirkby Stephen
Cumbria
CA17 4JH

These financial statements were authorised for issue by the director on 28 July 2026.

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 represents invoiced sales of services. The company operates the Tour Operators Margin Scheme for value added tax and the tax due under the scheme is shown within cost of sales

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 deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Maximum Adventure Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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
Plant and machinery etc	25% on reducing balance and 25% on cost

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Development	4 years

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.

Borrowings

Maximum Adventure Limited

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

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.

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 the director) during the year, was 11 (2024 - 12).

Maximum Adventure Limited

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

4	Intangible assets

	Development costs  £	Total £
Cost or valuation
At 1 November 2024	166,090	166,090
Additions acquired separately	29,369	29,369
At 31 October 2025	195,459	195,459
Amortisation
At 1 November 2024	50,224	50,224
Amortisation charge	30,318	30,318
At 31 October 2025	80,542	80,542
Carrying amount
At 31 October 2025	114,917	114,917
At 31 October 2024	115,866	115,866

5	Tangible assets

	Plant and machinery etc  £	Total £
Cost or valuation
At 1 November 2024	137,479	137,479
At 31 October 2025	137,479	137,479
Depreciation
At 1 November 2024	110,910	110,910
Charge for the year	12,489	12,489
At 31 October 2025	123,399	123,399
Carrying amount
At 31 October 2025	14,080	14,080
At 31 October 2024	26,569	26,569

6

Debtors

Maximum Adventure Limited

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

Current	2025 £	2024 £
Prepayments	2,133	3,849
Other debtors	158,011	123,226
	160,144	127,075

Maximum Adventure Limited

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	191,917	71,667
Trade creditors		24,988	35,225
Taxation and social security		184,172	123,721
Accruals and deferred income		2,200	20,149
Other creditors		85,780	130,800
		489,057	381,562

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	206,697	137,639

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	206,697	137,639

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	191,917	71,667

9	Related party transactions

Transactions with the director

2025	At 1 November 2024 £	Advances to director £	Repayments by director £	At 31 October 2025 £
M Bowness
	57,507	436,900	(426,612)	67,795

Maximum Adventure Limited

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

2024	At 1 November 2023 £	Advances to director £	Repayments by director £	At 31 October 2024 £
M Bowness
	6,714	57,507	(6,714)	57,507