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REGISTERED NUMBER: OC321779 (England and Wales)








REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

S.T. INTERNATIONAL TOURIST AGENCY LLP

S.T. INTERNATIONAL TOURIST AGENCY LLP (REGISTERED NUMBER: OC321779)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023




Page

General information 1

Report of the members 2

Income statement 3

Balance sheet 4

Notes to the financial statements 6


S.T. INTERNATIONAL TOURIST AGENCY LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 March 2023







DESIGNATED MEMBERS: J.A. Taylor
J J M Taylor





REGISTERED OFFICE: STITA House
11 Trinity Lane
Cheltenham
Gloucestershire
GL52 2NT





REGISTERED NUMBER: OC321779 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

S.T. INTERNATIONAL TOURIST AGENCY LLP (REGISTERED NUMBER: OC321779)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 March 2023

The members present their report with the financial statements of the LLP for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of tour operators.

DESIGNATED MEMBERS
The designated members during the year under review were:

J.A. Taylor
J J M Taylor

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £68,923 (2022 - £15,412 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





J.A. Taylor - Designated member


14 September 2023

S.T. INTERNATIONAL TOURIST AGENCY LLP (REGISTERED NUMBER: OC321779)

INCOME STATEMENT
FOR THE YEAR ENDED 31 March 2023

2023 2022
Notes £    £    £    £   

TURNOVER 1,895,392 261,661

Cost of sales 1,552,397 173,263
GROSS PROFIT 342,995 88,398

Distribution costs 13,633 2,326
Administrative expenses 259,332 120,197
272,965 122,523
70,030 (34,125 )

Other operating income - 18,713
OPERATING PROFIT/(LOSS) 4 70,030 (15,412 )

Interest receivable and similar income 342 -
70,372 (15,412 )

Interest payable and similar expenses 1,449 -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS




68,923




(15,412




)

S.T. INTERNATIONAL TOURIST AGENCY LLP (REGISTERED NUMBER: OC321779)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 14,546 17,844
14,546 17,844

CURRENT ASSETS
Debtors 7 514,782 254,337
Cash at bank and in hand 750,742 694,422
1,265,524 948,759
CREDITORS
Amounts falling due within one year 8 1,028,851 742,821
NET CURRENT ASSETS 236,673 205,938
TOTAL ASSETS LESS CURRENT
LIABILITIES

251,219

223,782

CREDITORS
Amounts falling due after more than one year 9 43,017 50,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

208,202

173,782

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

168,202

133,782

MEMBERS' OTHER INTERESTS
Capital accounts 40,000 40,000
208,202 173,782

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 168,202 133,782
Members' other interests 40,000 40,000
208,202 173,782

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

S.T. INTERNATIONAL TOURIST AGENCY LLP (REGISTERED NUMBER: OC321779)

BALANCE SHEET - continued
31 March 2023


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

The financial statements were approved by the members of the LLP and authorised for issue on 14 September 2023 and were signed by:




J.A. Taylor - Designated member




J J M Taylor - Designated member


S.T. INTERNATIONAL TOURIST AGENCY LLP (REGISTERED NUMBER: OC321779)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023

1. STATUTORY INFORMATION

S.T. International Tourist Agency LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents the income receivable for tours arranged net of VAT. Turnover is recognised in the profit and loss account once the departure date has been reached.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has now been fully amortised evenly over its estimated useful life of 3.25 years.

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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 7 (2022 - 4 ) .

4. OPERATING PROFIT/(LOSS)

The operating profit (2022 - operating loss) is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 2,987 2,550

S.T. INTERNATIONAL TOURIST AGENCY LLP (REGISTERED NUMBER: OC321779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 6,500
AMORTISATION
At 1 April 2022
and 31 March 2023 6,500
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

6. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022 45,392
Additions 2,405
Disposals (10,645 )
At 31 March 2023 37,152
DEPRECIATION
At 1 April 2022 27,548
Charge for year 2,987
Eliminated on disposal (7,929 )
At 31 March 2023 22,606
NET BOOK VALUE
At 31 March 2023 14,546
At 31 March 2022 17,844

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 368,961 36,330
VAT 14,310 1,783
Prepayments and accrued income 129,170 214,842
Prepayments 2,341 1,382
514,782 254,337

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 37,244 34,991
Social security and other taxes 1,247 532
Pension creditor 554 148
Company credit cards 14,841 17,509
Accruals and deferred income 960,414 685,608
Accrued expenses 14,551 4,033
1,028,851 742,821

S.T. INTERNATIONAL TOURIST AGENCY LLP (REGISTERED NUMBER: OC321779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 43,017 50,000

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'

11. ULTIMATE CONTROLLING PARTY

The Limited Liability Partnership was controlled by its members, J J M Taylor 50% and J A Taylor 50% for the year ended 31st March 2023.

12. TRANSACTIONS WITH MEMBERS

At the balance sheet date the following amounts were due to/(from) members regarding their current accounts:

2023 2022
J J M Taylor £140,298 £115,838
J A Taylor £ 27,904 £ 17,944