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REGISTERED NUMBER: 04727200















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

UNITED TOURISM LTD

UNITED TOURISM LTD (REGISTERED NUMBER: 04727200)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UNITED TOURISM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr Mohammad Akbar Khan





SECRETARY: Mr Yahya Khan





REGISTERED OFFICE: 8-10 Court Street
Whitechapel
London
E1 1DG





REGISTERED NUMBER: 04727200





AUDITORS: Ashford Louis
Chartered Certified Accountants
& Statutory Auditors
187 High Road Leyton
London
E15 2BY

UNITED TOURISM LTD (REGISTERED NUMBER: 04727200)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 314,095 317,834

CURRENT ASSETS
Debtors 5 47,953 47,385
Cash at bank and in hand 77,221 108,323
125,174 155,708
CREDITORS
Amounts falling due within one year 6 98,122 125,949
NET CURRENT ASSETS 27,052 29,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,147

347,593

CREDITORS
Amounts falling due after more than one
year

7

20,423

29,821
NET ASSETS 320,724 317,772

CAPITAL AND RESERVES
Called up share capital 8 40,000 40,000
Retained earnings 9 280,724 277,772
SHAREHOLDERS' FUNDS 320,724 317,772

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 16 February 2024 and were signed by:





Mr Mohammad Akbar Khan - Director


UNITED TOURISM LTD (REGISTERED NUMBER: 04727200)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

United Tourism Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. The turnover of the company for the period has been derived from the provision of goods and services falling within the company's principal activities. Flight Only sales are recognised on booking basis and Fflight Inclusive Packages are recognised on the date of departure basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Short leasehold - Over the period of the lease
Fixtures and fittings - 15% on reducing balance

No provision is made for depreciation of Freehold property. This is a departure from the requirements of the Regulations, which require all properties to be depreciated. In the opinion of the Director, this is necessary for the Financial Statement to show a true and fair view in accordance with the applicable accounting standards. If this departure had not been made, the profit for the financial year would have been reduced by the depreciation amount.

However, the amount of depreciation cannot reasonably be quantified and the amount which might otherwise have been shown cannot be separately identified or quantified.

UNITED TOURISM LTD (REGISTERED NUMBER: 04727200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transitions that results in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties, loans to relate to parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and other accounts receivables and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest rate method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or order consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at the market rates of interest for a similar debt instrument and subsequently at amortised cost, unless it quantifies as a loan from a director in the case of a small company or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the assets if it were to be sold at the reporting date.

Financial assets and liabilities are offsets and the net amount reported in the Statement of Financial Position where there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the assets and settle the liability simultaneously.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

UNITED TOURISM LTD (REGISTERED NUMBER: 04727200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Going concern
The director has prepared the financial statements on the going concern basis, which assumes that the Company will continue to operate for the foreseeable future

In making this assessment, the director has considered the Company's current financial position, its liquidity and cash flow position, the economic environment, and its future plans and projections. Based on this assessment, the director has a reasonable expectation that the Company will be able to meet its liabilities as and when they fall due and will continue in operational existence for the foreseeable future, a period of not less than 12 months from the date of approval of these financial statements; therefore a going concern basis is appropriate for preparing of the financial statements for the year ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold Short to and
property leasehold property fittings Totals
£    £    £    £    £   
COST
At 1 December 2022
and 30 November 2023 260,791 50,000 11,000 19,823 341,614
DEPRECIATION
At 1 December 2022 - 6,666 - 17,114 23,780
Charge for year - 3,333 - 406 3,739
At 30 November 2023 - 9,999 - 17,520 27,519
NET BOOK VALUE
At 30 November 2023 260,791 40,001 11,000 2,303 314,095
At 30 November 2022 260,791 43,334 11,000 2,709 317,834

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 6,100 -
Other debtors 41,853 47,385
47,953 47,385

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 59,999 59,999
Trade creditors 16,436 45,804
Taxation and social security 12,131 15,445
Other creditors 9,556 4,701
98,122 125,949

UNITED TOURISM LTD (REGISTERED NUMBER: 04727200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

BSA OUTSTANDING

As at 30 November 2023 an amount of £10,418 (2022 : £31,653) was payable to International Air Transport Association (IATA) for tickets issued in the mouth of November 2023. This amount is included in the Trade Creditors figure above.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 20,423 29,821

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
40,000 Ordinary £1 40,000 40,000

9. RESERVES
Retained
earnings
£   

At 1 December 2022 277,772
Profit for the year 2,952
At 30 November 2023 280,724

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Hayford Doh FCCA MBA BA(Hons) (Senior Statutory Auditor)
for and on behalf of Ashford Louis

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed its director £2,737 (2022 : £44,176 owed to the company).

12. GOING CONCERN

The director has prepared the financial statements on the going concern basis, which assumes that the Company will continue to operate for the foreseeable future.

In making this assessment, the director has considered the Company's current financial position, its liquidity and cash flow position, the economic environment, and its future plans and projections. Based on this assessment, the director has a reasonable expectation that the Company will be able to meet its liabilities as and when they fall due and will continue in operational existence for the foreseeable future, a period of not less than 12 months from the date of approval of these financial statements; therefore a going concern basis is appropriate for preparing of the financial statements for the year ended 30 November 2023.