Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseThe principal activity of company is that of a travel and events company.22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07820731 2023-01-01 2023-12-31 07820731 2022-01-01 2022-12-31 07820731 2023-12-31 07820731 2022-12-31 07820731 c:Director1 2023-01-01 2023-12-31 07820731 c:Director2 2023-01-01 2023-12-31 07820731 c:RegisteredOffice 2023-01-01 2023-12-31 07820731 d:CurrentFinancialInstruments 2023-12-31 07820731 d:CurrentFinancialInstruments 2022-12-31 07820731 d:Non-currentFinancialInstruments 2023-12-31 07820731 d:Non-currentFinancialInstruments 2022-12-31 07820731 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07820731 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07820731 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07820731 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07820731 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 07820731 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 07820731 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 07820731 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 07820731 d:ShareCapital 2023-12-31 07820731 d:ShareCapital 2022-12-31 07820731 d:RetainedEarningsAccumulatedLosses 2023-12-31 07820731 d:RetainedEarningsAccumulatedLosses 2022-12-31 07820731 c:FRS102 2023-01-01 2023-12-31 07820731 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07820731 c:FullAccounts 2023-01-01 2023-12-31 07820731 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07820731 4 2023-12-31 07820731 4 2022-12-31 iso4217:GBP xbrli:pure
Registered number: 07820731


THE ASPIRATION GROUP TRAVEL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
THE ASPIRATION GROUP TRAVEL LIMITED
 
 
COMPANY INFORMATION


Directors
N Torgut 
L Tekun 




Registered number
07820731



Registered office
8th Floor
Becket House

36 Old Jewry

London

England

EC2R 8DD




Accountants
Xeinadin London Limited

8th Floor, Becket House

36 Old Jewry

London

EC2R 8DD





 
THE ASPIRATION GROUP TRAVEL LIMITED
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8

 
THE ASPIRATION GROUP TRAVEL LIMITED
REGISTERED NUMBER: 07820731

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,206
1,206

  
1,206
1,206

Current assets
  

Debtors: amounts falling due within one year
 5 
402,335
374,887

Cash at bank and in hand
 6 
101,705
70,364

  
504,040
445,251

Creditors: amounts falling due within one year
 7 
(308,387)
(231,948)

Net current assets
  
 
 
195,653
 
 
213,303

Total assets less current liabilities
  
196,859
214,509

Creditors: amounts falling due after more than one year
 8 
(28,333)
(48,333)

  

Net assets
  
168,526
166,176


Capital and reserves
  

Called up share capital 
  
30,000
30,000

Profit and loss account
  
138,526
136,176

  
168,526
166,176


Page 1

 
THE ASPIRATION GROUP TRAVEL LIMITED
REGISTERED NUMBER: 07820731
    
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 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 by: 



N Torgut
L Tekun
Director
Director


Date: 10 June 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
THE ASPIRATION GROUP TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Aspiration Group Travel Limited is a private company limited by shares, registered in England and Wales, United Kingdom.
The registered office is 8th Floor, Becket House, 36 Old Jewry, London, EC2R 8DD.
The principal activity of the company is that of a travel and events company.

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.

The following principal accounting policies have been applied:

 
2.2

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue recognition

Turnover comprises revenue recognised by the Company in respect of holidays sold and services rendered during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised on a departure date basis.

Page 3

 
THE ASPIRATION GROUP TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.4

Advance receipts and payments

All revenue received relating to tours with departure dates after the financial year end are treated as advance receipts as at the balance sheet date and are seperately disclosed under accruals and deferred income. 
Payments made to suppliers in respect of future departures are treated as advance payments and are seperately disclosed under prepayments and accrued income. 

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

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

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 4

 
THE ASPIRATION GROUP TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

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).


4.


Fixed asset investments





Trade investments

£





At 1 January 2023
1,206






Net book value



At 31 December 2023
1,206



At 31 December 2022
1,206

Page 5

 
THE ASPIRATION GROUP TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
24,003
-

Amounts owed by group undertakings
46,256
87,929

Other debtors
2,740
14,399

Prepayments and accrued income
329,336
272,559

402,335
374,887


Included within "prepayments and accrued income" above are amounts relating to payments in advance to suppliers for holidays departing after the year end, the total of which amounts to £326,856 (2022: £272,559).


6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
101,705
70,364

101,705
70,364



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
20,000
20,000

Trade creditors
9,477
9,759

Corporation tax
-
7,332

Other creditors
2,417
17,304

Accruals and deferred income
276,493
177,553

308,387
231,948


Included within "accruals and deferred income" above are amounts relating to customer monies held on account for holidays departing after the year end, the total of which amount to £269,893 (2022: £162,547).

Page 6

 
THE ASPIRATION GROUP TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
28,333
48,333

28,333
48,333



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
20,000
20,000


20,000
20,000

Amounts falling due 1-2 years

Bank loans
20,000
40,000


20,000
40,000

Amounts falling due 2-5 years

Bank loans
8,333
8,333


8,333
8,333


48,333
68,333



10.


Related party transactions

The Company has taken advantage of the exemption to disclose related party transactions with companies that are wholly owned within the Group.
As at the year end, the company had an outstanding balance owed from, The Aspiration Group Limited, the parent company, of 2023:£46,256 (2022: £87,929).
During the year dividends were paid to The Aspiration Group Limited, totalling £Nil (2022: Nil).

Page 7

 
THE ASPIRATION GROUP TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Controlling party

The immediate parent undertaking is The Aspiration Group Limited.
The ultimate controlling party is N Torgut, by virtue of her shareholding.
 
Page 8