Registration number: 08397816

Boundless Outdoors Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Boundless Outdoors Ltd

Company Information

Directors

Mr N Hands Ms B A Nielsen Mr R S Joyce Mrs E L Collins

Registered office

Malvern Hills Outdoor Education Centre Old Hollow Malvern Worcestershire WR14 4NR

Accountants

Regulatory Accounting Ltd Vicarage Court 160 Ermin Street Swindon Wiltshire SN3 4NE

Boundless Outdoors Ltd

(Registration number: 08397816)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	489,458	491,600
Current assets
Debtors	5	575,320	218,254
Cash at bank and in hand		506,605	530,444
		1,081,925	748,698
Creditors: Amounts falling due within one year	6	(380,684)	(367,307)
Net current assets		701,241	381,391
Total assets less current liabilities		1,190,699	872,991
Creditors: Amounts falling due after more than one year	6	(50,673)	(57,224)
Net assets		1,140,026	815,767
Reserves
Retained earnings		1,140,026	815,767
Surplus		1,140,026	815,767

Boundless Outdoors Ltd

(Registration number: 08397816)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 October 2026 and signed on its behalf by:
 

......................................... Mr N Hands Director

......................................... Ms B A Nielsen Director

Boundless Outdoors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a company limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Malvern Hills Outdoor Education Centre
Old Hollow
Malvern
Worcestershire
WR14 4NR
England

These financial statements were authorised for issue by the Board on 2 October 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 were prepared in accordance with Financial Reporting Standard 102 section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover of goods represents invoiced sales, and is recognised at the point of sale. Turnover of course fees represents invoiced fees earned once the course has been completed and is recognised upon completion of the course. The company is not registered for value added tax.

Government grants

Grants received that are spent on revenue items are charged to the profit and loss account. Grants received that are spent on capital items are deferred and released over the life of the asset.

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.

Boundless Outdoors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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
Land and buildings	20 years straight line or 20% on cost in respect of improvements
Other tangible assets	20% on cost
Furniture, fittings, tools and equipment	20% on cost and 33% reducing balance
Motor vehicles	20% on cost
Plant & machinery	20% on cost

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.

Boundless Outdoors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Borrowings

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.

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.

Financial instruments

Classification
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Included within Current Assets are financial asset debt instrument bonds purchased to the value of £300,000.

Included within Creditors: Amounts falling due after more than one year is an interest bearing mortgage which is recognised at its carrying value of the amounts advanced on the loan totalling 2026: £64,133 (2025: £71,052).
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 40 (2025 - 35).

Boundless Outdoors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5

Debtors

Current	2026 £	2025 £
Trade debtors	141,251	158,663
Prepayments	7,137	3,370
Other debtors	426,932	56,221
	575,320	218,254

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	7	13,460	13,829
Trade creditors		68,051	57,834
Taxation and social security		12,777	8,848
Accruals and deferred income		282,002	281,946
Other creditors		4,394	4,850
		380,684	367,307

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	7	50,673	57,224

Boundless Outdoors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	50,673	57,224

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	13,460	13,829

Mortgage is denominated in Pound Sterling (£) with a nominal interest rate of 3.37%, and the final instalment is due on 31 March 2031. The carrying amount at year end is £64,133 (2025 - £71,052).

The mortgage is secured with a charge over the property - Bell Heath. There is a secured debenture with fixed and floating charges over the property and all undertakings of the company.

8	Related party transactions

Summary of transactions with other related parties

Boundless Events Limited a company controlled by two of the directors of Boundless Outdoors Limited. Working capital loan and management charge for provision of staff and use of site.

Loans from related parties

2026	Other related parties £	Total £
At start of period	56,219	56,219
Advanced	491,488	491,488
Repaid	(120,777)	(120,777)
At end of period	426,930	426,930

2025	Other related parties £	Total £
At start of period	(56,035)	(56,035)
Advanced	145,256	145,256
Repaid	(33,002)	(33,002)
At end of period	56,219	56,219