REGISTERED NUMBER: 13482479 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Adventure Bude Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P D Currie

P R Horton

M P McManus

REGISTERED OFFICE:

The Grenville

Belle Vue

Bude

Cornwall

EX23 8JP

REGISTERED NUMBER:

13482479 (England and Wales)

ACCOUNTANTS:

Streets Metherell Gard Limited

Burn View

Bude

Cornwall

EX23 8BX

FIXED ASSETS

Intangible assets

4

149

449

Tangible assets

5

119,102

119,345

Investments

6

1

1

119,252

119,795

CURRENT ASSETS

Stocks

18,989

4,288

Debtors

7

278,581

247,440

Cash at bank and in hand

1,589,670

1,188,167

1,887,240

1,439,895

CREDITORS

Amounts falling due within one year

8

1,338,776

1,002,818

NET CURRENT ASSETS

548,464

437,077

TOTAL ASSETS LESS CURRENT LIABILITIES

667,716

556,872

PROVISIONS FOR LIABILITIES

19,800

18,500

NET ASSETS

647,916

538,372

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

647,816

538,272

SHAREHOLDERS' FUNDS

647,916

538,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

P R Horton - Director

1.	STATUTORY INFORMATION

Adventure Bude Ltd 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 as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of these financial statements are set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade

discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is probable that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured. This is usually when the possession of goods has been passed on to the customer.

Rendering of services

Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For activity courses, revenue is recognised in the period in which the course falls. Deposits received for activity courses provided after the accounting period end are treated as deferred income.

Other operating income

Accommodation and rental income are recognised in the period when the corresponding facilities are used.

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.

Goodwill

Goodwill being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and

accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of

operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated

residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc - 5%- to 33.3% on cost and 20% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Financial instruments

All basic financial instruments are recognised initially at transaction price excluding transaction costs and subsequently at amortised cost. These include cash at bank, loans, trade and other debtors and trade and other creditors.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the

current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial

statements of current and previous periods. It is recognised in respect of all timing differences, with certain

exceptions. Timing differences are differences between taxable profits and total comprehensive income as

stated in the financial statements that arise from the inclusion of income and expense in tax assessments in

periods different from those in which they are recognised in the financial statements. 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.

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Investments

Listed investments are measured at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2025 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

1,499

AMORTISATION

At 1 April 2025

1,050

Charge for year

300

At 31 March 2026

1,350

NET BOOK VALUE

At 31 March 2026

149

At 31 March 2025

449

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

194,250

Additions

25,104

Disposals

(11,787

)

At 31 March 2026

207,567

DEPRECIATION

At 1 April 2025

74,905

Charge for year

23,214

Eliminated on disposal

(9,654

)

At 31 March 2026

88,465

NET BOOK VALUE

At 31 March 2026

119,102

At 31 March 2025

119,345

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2025

and 31 March 2026

1

NET BOOK VALUE

At 31 March 2026

1

At 31 March 2025

1

Cost or valuation at 31 March 2026 is represented by:

Other

investments

£

Cost

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

278,581

247,440

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

59,198

38,018

Taxation and social security

155,870

142,669

Other creditors

1,123,708

822,131

1,338,776

1,002,818

9.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet amounted to £20,934 (2025: £17,985).