Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-310truefalsetrue2021-04-01Transport0 03184387 2021-04-01 2022-03-31 03184387 2020-04-01 2021-03-31 03184387 2022-03-31 03184387 2021-03-31 03184387 c:Director1 2021-04-01 2022-03-31 03184387 d:CurrentFinancialInstruments 2022-03-31 03184387 d:CurrentFinancialInstruments 2021-03-31 03184387 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03184387 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 03184387 d:ShareCapital 2022-03-31 03184387 d:ShareCapital 2021-03-31 03184387 d:RetainedEarningsAccumulatedLosses 2022-03-31 03184387 d:RetainedEarningsAccumulatedLosses 2021-03-31 03184387 c:FRS102 2021-04-01 2022-03-31 03184387 c:Audited 2021-04-01 2022-03-31 03184387 c:FullAccounts 2021-04-01 2022-03-31 03184387 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 03184387 c:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 03184387 2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure
Registered number: 03184387


TRANSUN FLIGHTS LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2022

 
TRANSUN FLIGHTS LIMITED
REGISTERED NUMBER: 03184387

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
65,000
230

Cash at bank and in hand
 5 
109,049
174,125

  
174,049
174,355

Creditors: amounts falling due within one year
 6 
(1,670)
(1,670)

Net current assets
  
 
 
172,379
 
 
172,685

Total assets less current liabilities
  
172,379
172,685

  

Net assets
  
172,379
172,685


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Profit and loss account
  
170,379
170,685

  
172,379
172,685


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 July 2022.




................................................
P Kostich
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
TRANSUN FLIGHTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Transun Flights Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is given in the company information of these financial statements. The principal activity of the company is the provision of travel services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Interest income

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

 
2.4

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.

Page 2

 
TRANSUN FLIGHTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

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.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2021 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2021 - 0).

Page 3

 
TRANSUN FLIGHTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
65,000
-

Other debtors
-
51

Prepayments and accrued income
-
179

65,000
230



5.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
109,049
174,125

109,049
174,125



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
1,670
1,670

1,670
1,670



7.


Related party transactions

Transun Travel Limited, a fellow group Company, owed £65,000 (2021: £nil) to the Company as at the year end. 
The Group has taken the exemption available to not disclose transactions within the year, between wholly owned subsidiaries.


8.


Controlling party

The company's immedaite parent is Transun Travel Limited, incorporated in UK.
The most senior parent entity producing publicly available financial statements is Transun Travel Limited. These financial statements are available upon request from 1A Iffley Road, Oxford, Oxfordshire, OX1 1AS.
The ultimate controlling party is Paul Kostich (director).

Page 4

 
TRANSUN FLIGHTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2022 was unqualified.

The audit report was signed on 28 July 2022 by Karanjit Gill FCCA (Senior Statutory Auditor) on behalf of Xeinadin Audit Limited.

 
Page 5