Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-312023-01-01falseTravel member's club44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12444675 2023-01-01 2023-12-31 12444675 2022-01-01 2022-12-31 12444675 2023-12-31 12444675 2022-12-31 12444675 c:Director1 2023-01-01 2023-12-31 12444675 d:CurrentFinancialInstruments 2023-12-31 12444675 d:CurrentFinancialInstruments 2022-12-31 12444675 d:Non-currentFinancialInstruments 2023-12-31 12444675 d:Non-currentFinancialInstruments 2022-12-31 12444675 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12444675 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12444675 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12444675 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12444675 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 12444675 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 12444675 d:ShareCapital 2023-12-31 12444675 d:ShareCapital 2022-12-31 12444675 d:SharePremium 2023-12-31 12444675 d:SharePremium 2022-12-31 12444675 d:CapitalRedemptionReserve 2023-12-31 12444675 d:CapitalRedemptionReserve 2022-12-31 12444675 d:RetainedEarningsAccumulatedLosses 2023-12-31 12444675 d:RetainedEarningsAccumulatedLosses 2022-12-31 12444675 c:FRS102 2023-01-01 2023-12-31 12444675 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12444675 c:FullAccounts 2023-01-01 2023-12-31 12444675 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12444675









UTC. TRAVEL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
UTC. TRAVEL LIMITED
REGISTERED NUMBER: 12444675

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
44,710
21,250

Cash at bank and in hand
 5 
51,237
9,121

  
95,947
30,371

Creditors: amounts falling due within one year
 6 
(102,165)
(39,870)

Net current liabilities
  
 
 
(6,218)
 
 
(9,499)

Total assets less current liabilities
  
(6,218)
(9,499)

Creditors: amounts falling due after more than one year
 7 
(89,000)
(75,000)

Net liabilities
  
(95,218)
(84,499)


Capital and reserves
  

Called up share capital 
  
159
146

Share premium account
  
474,971
274,984

Capital redemption reserve
  
3
3

Profit and loss account
  
(570,351)
(359,632)

  
(95,218)
(84,499)


Page 1

 
UTC. TRAVEL LIMITED
REGISTERED NUMBER: 12444675
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 12 April 2024.




B A Norton
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
UTC. TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Ultimate Travel Club Limited is a private company limited by shares, incorporated in England and Wales, registration number 12444675. The registered office is Suite M07, Department Leeds Dock, 4 The Boulevard, Clarence Dock, Leeds, LS10 1PZ.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
UTC. TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the
Page 4

 
UTC. TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Administration
4
4


4.


Debtors

2023
2022
£
£


Trade debtors
40,614
-

Other debtors
4,096
21,250

44,710
21,250



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
51,237
9,121

51,237
9,121


Page 5

 
UTC. TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
15,678
26,524

Other taxation and social security
285
-

Other creditors
39,795
7,079

Accruals and deferred income
46,407
6,267

102,165
39,870



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Shareholder loans
89,000
75,000

89,000
75,000



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£



Amounts falling due 2-5 years

Shareholder loans
89,000
75,000


89,000
75,000



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 £336 (2022 - £360). Contributions totalling £252 (2022 - £139) were payable to the fund at the reporting date and are included in creditors.


10.


Controlling party

In the opinion of the directors, there is no single controlling party.

 
Page 6