Family Adventures Group Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have assessed the Company's ability to operate as a going concern for at least 12 months from the date of signing the financial statements. The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. Accordingly, they believe that it remains appropriate to continue to adopt the going concern basis in preparing the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the ocntract when all the following conditions are satisfied:

the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are comprised of amounts spent on the development of software for the internal use of the group. It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	15 years
Fixtures & Fittings	7 years
Computer Equipment	4 years

2.6. Taxation

Tax is recognised in profit lor 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 recognsied 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 balance sheet date in the countries where the Company operates and generates income.

2.7. Interest income

Interest income is recognised to profit or loss using the effective interest method.

2.8. Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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Family Adventures Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.9. Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 19 (2024: 16)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	-
Additions	39,861

As at 31 December 2025	39,861

Amortisation
As at 1 January 2025	-
Provided during the period	4,012

As at 31 December 2025	4,012

Net Book Value
As at 31 December 2025	35,849

As at 1 January 2025	-

5. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	-	14,310	18,072	32,382
Additions	3,199	-	9,361	12,560

As at 31 December 2025	3,199	14,310	27,433	44,942

Depreciation
As at 1 January 2025	-	1,998	3,013	5,011
Provided during the period	161	1,750	5,670	7,581

As at 31 December 2025	161	3,748	8,683	12,592

Net Book Value
As at 31 December 2025	3,038	10,562	18,750	32,350

As at 1 January 2025	-	12,312	15,059	27,371

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Family Adventures Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2025	214,091
Additions	5,572,436

As at 31 December 2025	5,786,527

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	5,786,527

As at 1 January 2025	214,091

On 06 March 2025, Family Adventures Group Limited purchased 100% of the share capital of The Green Giraffe Day Nursery Limited, being £2.00, via a share purchase.

Subsidiary undertakings

Name	Registered Office	Class of Shares	Holding	PY Holding
Ocean Adventurers Limited	Family Adventures Group Wells Road Latcham Wedmore BS28 4SA	Ordinary	100%	100%
Little Town Adventures Limited	Family Adventures Group Wells Road Latcham Wedmore BS28 4SA	Ordinary	100%	100%
Little Adventures Nurseries Limited	Family Adventures Group Wells Road Latcham Wedmore BS28 4SA	Ordinary	100%	100%
The Green Giraffe Day Nursery Limited	Green Giraffe Day Nursery 2 Cathedral Road, Pontcanna, Cardiff, CF11 9LJ	Ordinary	100%	0%

7. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	3,019,135	3,223,301
Other debtors	319,658	69,850

	3,338,793	3,293,151

Amounts owed by group undertakings are unsecured, interest free and considered repayable on demand.

Included in Other debtors is unpaid share capital in respect of C1 and C2 class shares.

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Family Adventures Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	108,843	28,232
Bank loans and overdrafts	510,451	7,425
Other creditors	62,837	89,508
Taxation and social security	102,202	154,492

	784,333	279,657

Amounts owed to group undertakings and unsecured, interest free and considered repayable on demand.

In August 2020, the Company took out a £50,000 Bounce Back Loan which accrues interest at 2.5% per annum over 10 years. The loan is secured by a Government backed guarantee.

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	24,106	30,306
Other loans	5,131,110	-
Other creditors	2,321,499	2,103,163

	7,476,715	2,133,469

In August 2020, the Company took out a £50,000 Bounce Back Loan which accrues interest at 2.5% per annum over 10 years. The loan is secured by a Government backed guarantee.

Other loans consists of £4,725,000 of fixed rate secured loan notes owed to Foresight Regional Investment VII LP. The loan notes accrue an interest rate of 10% per annum over 5 years. The full balance of these loan notes are payable in more than one year as payments of the interest start after the 3rd anniversary of the issue date, being March 2025.

Other creditors consists of dividends owed to preference shareholders. The full balance of these dividends is due in more than one year as payments start on the 3rd anniversary of the issue date January 2024.

10. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	146,549	-
Called Up Share Capital has been paid up	(146,169)	251

Amount of Allotted, Called Up Share Capital	380	251

On 06 March 2025 Family Adventures Group issued 94,432 Ordinary A shares of £0.001 each for consideration of £525,000 and Ordinary B shares of £0.001 each for consideration of £50,000.

On 27 May 2025 Family Adventures Group issued 20,195 Ordinary C1 shares of £0.001 each for consideration of £87,040 and issued 13,807 Ordinary C2 shares of £0.001 each for consideration of £59,508.17.

PP ordinary shares attract a fixed non-cumulative cash preferential divided at an annual rate of 10% of the issue price per PP Ordinary Share, paid in quarterly instalments on each year from 2027 onwards.

Any available profits of the Company after the payment of the PP dividend shall be distributed to A, B, C1 and C2 Ordinary shareholders.

11. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £6,611 (PY £7,995) were due to the fund. They are included in Other Creditors.

12. Post Balance Sheet Events

No Post balance sheet events require to be reported.

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Family Adventures Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

13. Related Party Transactions

Related party transactions conducted under normal market conditions have not been disclosed in accordance with Section 1A of FRS 102.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		35,849		-
Tangible Assets	5		32,350		27,371
Investments	6		5,786,527		214,091

			5,854,726		241,462
CURRENT ASSETS
Debtors	7	3,338,793		3,293,151
Cash at bank and in hand		313		929,371

		3,339,106		4,222,522
Creditors: Amounts Falling Due Within One Year	8	(784,333 )		(279,657 )

NET CURRENT ASSETS (LIABILITIES)			2,554,773		3,942,865

TOTAL ASSETS LESS CURRENT LIABILITIES			8,409,499		4,184,327

Creditors: Amounts Falling Due After More Than One Year	9		(7,476,715 )		(2,133,469 )

NET ASSETS			932,784		2,050,858

CAPITAL AND RESERVES
Called up share capital	10		380		251
Share premium account			3,815,968		3,094,548
Profit and Loss Account			(2,883,564 )		(1,043,941 )

SHAREHOLDERS' FUNDS			932,784		2,050,858