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REGISTERED NUMBER: 03713804 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

The Tour Company (Europe) Limited

The Tour Company (Europe) Limited (Registered number: 03713804)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Tour Company (Europe) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mrs. N K Vasili





SECRETARY: Mr. P L Vasili





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 03713804 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

The Tour Company (Europe) Limited (Registered number: 03713804)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,323 1,556
Investment property 6 800,000 800,000
801,323 801,556

CURRENT ASSETS
Debtors 7 4,673 14,719
Cash at bank 14,603 9,031
19,276 23,750
CREDITORS
Amounts falling due within one year 8 20,586 23,039
NET CURRENT (LIABILITIES)/ASSETS (1,310 ) 711
TOTAL ASSETS LESS CURRENT
LIABILITIES

800,013

802,267

CREDITORS
Amounts falling due after more than one
year

9

(267,840

)

(267,840

)

PROVISIONS FOR LIABILITIES (56,309 ) (42,795 )
NET ASSETS 475,864 491,632

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 342,599 356,113
Retained earnings 12 133,165 135,419
SHAREHOLDERS' FUNDS 475,864 491,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The Tour Company (Europe) Limited (Registered number: 03713804)

Balance Sheet - continued
28 February 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2023 and were signed by:





Mrs. N K Vasili - Director


The Tour Company (Europe) Limited (Registered number: 03713804)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

The Tour Company (Europe) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. STATEMENT OF COMPLIANCE

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 Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover represents the total invoice value for sales made during the year and rent receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

The Tour Company (Europe) Limited (Registered number: 03713804)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2022
and 28 February 2023 10,297
DEPRECIATION
At 1 March 2022 8,741
Charge for year 233
At 28 February 2023 8,974
NET BOOK VALUE
At 28 February 2023 1,323
At 28 February 2022 1,556

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 800,000
NET BOOK VALUE
At 28 February 2023 800,000
At 28 February 2022 800,000

The investment property is valued annually by the director on a fair value basis.

The historical cost of the investment property amounts to £401,092 (2022 - £401,092).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 3,770 3,770
Other debtors 903 10,949
4,673 14,719

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 8,873 11,603
Taxation and social security 6,782 9,396
Other creditors 4,931 2,040
20,586 23,039

The Tour Company (Europe) Limited (Registered number: 03713804)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 267,840 267,840

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 267,840 267,840

10. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 276,713 279,443

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2022 135,419 356,113 491,532
Deficit for the year (768 ) - (768 )
Dividends (15,000 ) - (15,000 )
Deferred taxation 13,514 (13,514 ) -
At 28 February 2023 133,165 342,599 475,764