Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activitytrue222022-04-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11884248 2022-04-01 2023-03-31 11884248 c:OtherGroupMember1 2022-04-01 2023-03-31 11884248 c:OtherGroupMember2 2022-04-01 2023-03-31 11884248 c:OtherGroupMember3 2022-04-01 2023-03-31 11884248 2021-04-01 2022-03-31 11884248 2023-03-31 11884248 c:OtherGroupMember1 2023-03-31 11884248 c:OtherGroupMember2 2023-03-31 11884248 c:OtherGroupMember3 2023-03-31 11884248 2022-03-31 11884248 d:Director1 2022-04-01 2023-03-31 11884248 c:CurrentFinancialInstruments 2023-03-31 11884248 c:CurrentFinancialInstruments 2022-03-31 11884248 c:Non-currentFinancialInstruments 2023-03-31 11884248 c:Non-currentFinancialInstruments 2022-03-31 11884248 d:FRS102 2022-04-01 2023-03-31 11884248 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11884248 d:FullAccounts 2022-04-01 2023-03-31 11884248 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 11884248










LITTLE TRAVEL UK LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
LITTLE TRAVEL UK LTD
REGISTERED NUMBER: 11884248

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
£
£


Current assets
424,699
129,598

Creditors: amounts falling due within one year
(205,427)
(248,503)

Net current assets/(liabilities)
 
 
219,272
 
 
(118,905)

Total assets less current liabilities
219,272
(118,905)

Creditors: amounts falling due after more than one year
(336,099)
-


Net liabilities
(116,827)
(118,905)



Capital and reserves
(116,827)
(118,905)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 20 September 2023.




Martijn Van Den Enden
Director

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

Page 1

 
LITTLE TRAVEL UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Little Travel UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Bridge Place London SW1V 1QA.

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.

 
2.2

Going concern

TravelEssence Holding BV, the Netherlands based ultimate parent entity, has committed to provide ongoing support to allow the company to meet its liabilities as they fall due for a period of not less than twelve months from the date these accounts are signed. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

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.

 
2.4

Turnover

Turnover represents amounts receivable for the sale of travel related services net of VAT and trade
discounts. Income and related costs are recognised on a departure date basis.

 
2.5

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 2

 
LITTLE TRAVEL UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3

 
LITTLE TRAVEL UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Debtors

2023
2022
£
£


Trade debtors
-
5,974

Other debtors
205,772
115,843

Prepayments and accrued income
48,763
2,203

254,535
124,020



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
170,164
5,578

170,164
5,578



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
13,208
1,493

Other creditors
1,483
226,725

Accruals and deferred income
190,736
20,285

205,427
248,503


Accruals and deferred income includes monies received in advance from customers of £186,236 (2022:
£16,715) which relate to bookings departing after the year end.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
336,099
-

336,099
-


Page 4

 
LITTLE TRAVEL UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Contingent liabilities

The company currently hold an Air Travel Organiser’s License (ATOL) issued by the Civil Aviation Authority. In order to offer air inclusive package holidays, the company requires the annual renewal by the CAA of its ATOL license. The CAA grants this license on the basis of meeting agreed financial criteria and renews this in September (effective 1st October) each year. The company has complied with these requirements in previous years. 
As at 31 March 2023, the company had in place a cash bond of £100,000 with the CAA to protect its licensable activity.


9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge
represents contributions payable by the company to the fund and amounted to £1,734 (2022: £1,136).
Contributions totalling to £358 (2022: £0.00) were payable to the fund at the balance sheet date and
are included in creditors.


10.


Related party transactions

As at 31 March 2023, included within the creditors is an amount of £336,099 (£220,700) owed to connected companies as follows:
Amounts due to Little Travel UK Ltd by connected companies of £29,985
Amounts owed to Little America Systems BV of £63,214
Amounts owed to TravelEssence Netherlands of £14,087
Amounts owed to TravelEssence Systems BV EUR of £288,783


11.


Controlling party

The immediate parent company is TravelEssence Holding BV, based in the Netherlands.
 

 
Page 5