O'Boyle Accounting & Tax Ltd
BUSINESS ADVISORS • CHARTERED ACCOUNTANT • TAX CONSULTANTS
Mrs Pamela Fisher 53 Quarter Road Annalong BT34 4QZ Adventure Leadership Training Trust
11 March 2026
Dear Pamela,
Accounts for Period ended 30/11/2025
Please find attached final accounts for Adventure Leadership Training Trust for the period ended 30/11/2025 [including abbreviated accounts if appropriate].
Thank you for reviewing the attached carefully and for giving your approval to O'Boyle Accounting & Taxation Ltd to file these Accounts on-line with Companies House and with HMRC.
Please do not hesitate to contact us if you have any queries.
Yours sincerely,
Gerry O'Boyle and Laurence Wright O'Boyle Accounting & Tax Ltd Chartered Management Accountants
O'Boyle Accounting & Taxation Ltd 4 Bingham Street, Bangor, BT20 5DW www.oboyleaccounting.com - Email: info@oboyleaccounting.com Tel: 02891453212
Adventure Leadership Training Trust
Company No. NI053079
Directors' Report and Unaudited Accounts
30 November 2025
Adventure Leadership Training Trust Contents
| Pages | |
|---|---|
| Company Information | 2 |
| Directors' Report | 3 |
| Income and Expenditure Account | 4 |
| Statement of Comprehensive Income | 5 |
| Balance Sheet | 6 |
| Statement of Changes in Equity | 7 |
| Notes to the Accounts | 8 |
Page 1
Adventure Leadership Training Trust Company Information
Directors
J. Dunaway
J. Fisher
P. Fisher
B. Gates
K. Gonzalez G. McCluskey
Registered Office
53 Quarter Road Annalong BT34 4QZ
Accountants
OBoyle Accounting & Tax Ltd 4 Bingham Street Bangor BT20 5DW
Page 2
Adventure Leadership Training Trust Directors Report
The Directors present their report and the accounts for the year ended 30 November 2025.
Principal activities
The principal activity of the company during the year under review was Registered Charity.
Directors
The Directors who served at any time during the year were as follows:
J. Dunaway
J. Fisher
P. Fisher
B. Gates
K. Gonzalez
G. McCluskey
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
P. Fisher Director 30 November 2025
Page 3
Adventure Leadership Training Trust Income and Expenditure Account
for the year ended 30 November 2025
| for the year ended 30 November 2025 | ||
|---|---|---|
| Turnover Cost of Sales Gross profit Distribution costs and selling expenses Administrative expenses Operating deficit Other interest receivable Interest payable and similar charges Deficit on ordinary activities before taxation Taxation Deficit for the financial year after taxation |
2025 £ 1,465 (741) 724 (113) (10,069) (9,458) 82 - (9,376) - (9,376) |
2024 £ 10,996 (773) |
| 10,223 (847) (44,726) |
||
| (35,350) 1 (2,337) |
||
| (37,686) - |
||
| (37,686) |
Page 4
Adventure Leadership Training Trust Statement of Comprehensive Income STATEMENT OF COMPREHENSIVE INCOME
| for the year ended 30 November 2025 Loss for the financial year after taxation Total comprehensive income for the period |
2025 £ (9,376) (9,376) |
2024 £ (37,686) |
|---|---|---|
| (37,686) |
Page 5
Adventure Leadership Training Trust Balance Sheet
at 30 November 2025
| at 30 November 2025 | |
|---|---|
| Company No. NI053079 Notes 2025 £ Fixed assets Tangible assets 5 7,983 7,983 Current assets Cash at bank and in hand 696 696 Creditors:Amount falling due within one year 6 43 Net current assets 739 Total assets less current liabilities 8,722 Creditors:Amounts falling due after more than one year 7 (1,087) Net assets 7,635 Reserves Other reserves 8 43,272 Income and expenditure account 8 (35,637) Total equity 7,635 |
2024 £ 7,983 |
| 7,983 10,166 |
|
| 10,166 - |
|
| 10,166 18,149 (1,138) |
|
| 17,011 | |
| 43,272 (26,261) |
|
| 17,011 |
Total equity
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit 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 accounts.
Approved by the board on 30 November 2025 and signed on its behalf by:
P. Fisher Director 30 November 2025
Page 6
Adventure Leadership Training Trust Statement of Changes in Equity
for the year ended 30 November 2025
| for the year ended 30 November 2025 | |||
|---|---|---|---|
| At 1 December 2023 Deficit for the year At 30 November 2024 and 1 December 2024 Deficit for the year At 30 November 2025 |
Other Reserves £ 43,272 43,272 43,272 |
Income and Expenditure Account £ 11,425 (37,686) (26,261) |
Total equity £ 54,697 |
| (37,686) | |||
| 17,011 | |||
| (9,376) | (9,376) | ||
| (35,637) | 7,635 | ||
Page 7
Adventure Leadership Training Trust Notes to the Accounts
for the year ended 30 November 2025
- 1 General information
Adventure Leadership Training Trust is a private company limited by guarantee and incorporated in Northern Ireland.
Its registered number is: NI053079 Its registered office is: 53 Quarter Road Annalong BT34 4QZ
The accounts have been prepared in accordance and comply with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
- 2 Accounting policies
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for the estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied
-
the company has transferred to the buyer the significant risks and rewards of ownership of the goods;
-
the Company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;
-
the amount of revenue can be measured reliably;
-
it is probable that the economic benefits associated with the transaction will flow to the Company; and
-
the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Page 8
Adventure Leadership Training Trust Notes to the Accounts
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lesser is included in the balance sheet data as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the income and expenditure account, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above)
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expenses on a straight-line basis.
Research and development costs
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.
Page 9
Adventure Leadership Training Trust Notes to the Accounts
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in the income and expenditure account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the income and expenditure account.
No depreciation is provided in respect of investment properties.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Page 10
Adventure Leadership Training Trust Notes to the Accounts
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to income and expenditure account as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.
Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the income and expenditure account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the income and expenditure account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.
Page 11
Adventure Leadership Training Trust Notes to the Accounts
| 3 | Employees | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Number | Number | ||
| The average monthly number of employees (including directors) during the year was: |
0 | 0 | |
| 4 | Taxation | ||
| (a) Tax on profit on ordinary activities | 2025 | ||
| The tax charge is made up as follows: | £ | ||
| UK corporation tax | |||
| (b) Factors affecting the total tax charge for the period | |||
| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The | |||
| differences are reconciled below: |
| differences are reconciled below: | ||||
|---|---|---|---|---|
| Higher | 2025 | 2024 | ||
| 1781 | £ | £ | ||
| Profit on ordinary activities before tax | (9,376) | (37,686) | ||
| Standard rate of corporation tax in the United Kingdom | 19% | 19% | ||
| Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom |
(1,781) | (7,160) | ||
| Expenses not deductible for tax purposes | 1,781 | 7,160 | ||
| 5 | Tangible fixed assets |
| Cost or revaluation At 1 December 2024 At 30 November 2025 Depreciation At 1 December 2024 At 30 November 2025 Net book values At 30 November 2025 At 30 November 2024 6 Creditors: amounts falling due within one year Accruals and deferred income |
Plant and machinery £ 5,350 |
Motor vehicles £ 3,500 |
Total £ 8,850 |
|---|---|---|---|
| 5,350 | 3,500 | 8,850 | |
| - | 867 | 867 | |
| - | 867 | 867 | |
| 5,350 | 2,633 | 7,983 | |
| 5,350 | 2,633 | 7,983 | |
| 2025 £ (43) |
2024 £ - |
||
| (43) | - |
Page 12
Adventure Leadership Training Trust Notes to the Accounts
7 Creditors:
amounts falling due after more than one year
| 7 Creditors: amounts falling due after more than one year |
|||
|---|---|---|---|
| Other loans 8 Reserves At 1 December 2023 At 30 November 2024 and 1 December 2024 At 30 November 2025 |
2025 £ 1,087 |
Other reserves £ |
2024 £ 1,138 |
| 1,087 | 1,138 | ||
| Total other reserves £ |
|||
| 43,272 | 43,272 | ||
| 43,272 | 43,272 | ||
| 43,272 | 43,272 | ||
| Other reserves - . Income and expenditure account - includes all current and prior period retained surpluses and deficits. |
Page 13
Adventure Leadership Training Trust Detailed Income and Expenditure Account
for the year ended 30 November 2025
| Turnover Cost of sales Opening stock Purchases Direct premises costs - Rent Cost of sales Gross profit Distribution costs Other distribution costs Other direct costs Selling and marketing expenses Other selling and marketing costs Advertising and PR Exhibitions and promotions Distribution costs and selling expenses Other administrative costs Employee costs Salaries/wages Motor and travel costs Vehicles - General costs Travel and subsistence Premises costs Rent Light, heat and power Premises repairs and maintenance General administrative costs, including depreciation and amortisation Depreciation of fixtures, fittings and equipment Loss on disposal of tangible fixed assets |
2025 £ 1,465 741 - 741 - - 741 724 - - - 113 113 113 - - 2,824 142 2,966 2,600 420 177 3,197 - - |
2024 £ 10,996 - 165 |
|---|---|---|
| 165 | ||
| 608 | ||
| 608 | ||
| 773 10,223 288 |
||
| 288 | ||
| 559 - |
||
| 559 | ||
| 847 | ||
| 510 | ||
| 510 | ||
| 1,457 264 |
||
| 1,721 | ||
| 4,550 4,253 974 |
||
| 9,777 | ||
| 211 6,234 |
Page 14
Adventure Leadership Training Trust Detailed Income and Expenditure Account
| Bank charges Equipment leasing and hire charges General insurances Postage and couriers Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Administrative expenses Operating deficit Other interest receivable Bank interest receivable Interest payable and similar charges Bank loan and overdraft interest payable Deficit on ordinary activities before taxation |
- - 1,725 615 463 429 - 3,232 - 674 674 10,069 (9,458) 82 82 - - (9,376) |
248 |
|---|---|---|
| 160 | ||
| 2,951 1,045 - 1,888 352 |
||
| 13,089 | ||
| 630 | ||
| 18,999 | ||
| 19,629 | ||
| 44,726 | ||
| (35,350) 1 |
||
| 1 | ||
| 2,337 | ||
| 2,337 | ||
| (37,686) |
Page 15