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Registration number: 09344166

BD4Travel Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

BD4Travel Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 12

 

BD4Travel Ltd

Company Information

Directors

Mr A O Jones

Mrs M Sickenberger

Mr J L Russell

Mr J C Bevan

Registered office

Lancaster House
Centurion Way
Leyland
Lancashire
PR26 6TX

Accountants

Burton Sweet
Chartered Certified Accountants
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
BD4Travel Ltd
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BD4Travel Ltd for the year ended 31 March 2024 as set out on pages 3 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of BD4Travel Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of BD4Travel Ltd and state those matters that we have agreed to state to the Board of Directors of BD4Travel Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BD4Travel Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that BD4Travel Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of BD4Travel Ltd. You consider that BD4Travel Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of BD4Travel Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Burton Sweet
Chartered Certified Accountants
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

6 August 2024

 

BD4Travel Ltd

(Registration number: 09344166)
Balance Sheet as at 31 March 2024

Note

31 March
2024
£

31 March
2023
£

Fixed assets

 

Investments

5

-

3,794,069

Current assets

 

Debtors

6

39,847

395

Cash at bank and in hand

 

5,217

46,119

 

45,064

46,514

Creditors: Amounts falling due within one year

7

(1,140)

5,596

Net current assets

 

43,924

52,110

Net assets

 

43,924

3,846,179

Capital and reserves

 

Called up share capital

55

55

Share premium reserve

3,926,920

3,926,920

Retained earnings

(3,883,051)

(80,796)

Shareholders' funds

 

43,924

3,846,179

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 6 August 2024 and signed on its behalf by:
 

 

BD4Travel Ltd

(Registration number: 09344166)
Balance Sheet as at 31 March 2024

.........................................
Mr J C Bevan
Director

 

BD4Travel Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lancaster House
Centurion Way
Leyland
Lancashire
PR26 6TX
United Kingdom

These financial statements were authorised for issue by the Board on 6 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

BD4Travel Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Depreciation

Asset class

Depreciation method and rate

Office Equipment

33% Straight Line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

BD4Travel Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 1).

 

BD4Travel Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Cost or valuation

Depreciation

Carrying amount

At 31 March 2024

5

Investments

31 March
2024
£

31 March
2023
£

Investments in subsidiaries

-

3,794,069

Subsidiaries

£

Cost or valuation

At 1 April 2023

3,794,069

Disposals

(3,794,069)

At 31 March 2024

-

Provision

Carrying amount

At 31 March 2024

-

At 31 March 2023

3,794,069

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

BD4Travel Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

BD4 Travel GMBH

60489 Frankfurt am Main

Germany

Ordinary

100%

100%

Subsidiary undertakings

BD4 Travel GMBH

The principal activity of BD4 Travel GMBH is Development of Travel Information Technology. The company entered administration in February 2023. Following an impairment review, the return on investment for BD4Travel Limited is expected to be £Nil. The whole value of investment has therefore been impaired in these Accounts.

6

Debtors

Current

31 March
2024
£

31 March
2023
£

Trade debtors

-

395

Other debtors

39,847

-

 

39,847

395

 

BD4Travel Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

31 March
2024
£

31 March
2023
£

Due within one year

Trade creditors

1,140

4,520

Taxation and social security

-

1,597

Other creditors

-

(11,713)

1,140

(5,596)

8

Related party transactions

Key management compensation

31 March
2024
£

31 March
2023
£

Salaries and other short term employee benefits

39,300

155,496

Other long-term benefits

1,400

4,200

40,700

159,696

 

BD4Travel Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Summary of transactions with parent

The company is a subsidiary undertaking of Dnata Travel Holdings UK Limited which is the immediate parent company. The ultimate parent company is The Emirates Group incorporated in Dubai, UAE.
 

Summary of transactions with subsidiaries

BD4Travel GMBH
 

Income and receivables from related parties

2024

Subsidiary
£

Receipt of services

39,373

2023

Subsidiary
£

Receipt of services

223,852

Loans to related parties

2024

Subsidiary
£

Total
£

At start of period

18,187

18,187

Advanced

20,063

20,063

At end of period

38,250

38,250

2023

Subsidiary
£

Total
£

At start of period

66,126

66,126

Repaid

(47,939)

(47,939)

At end of period

18,187

18,187

Loans from related parties

2024

Subsidiary
£

Total
£

At start of period

277

277

Repaid

(277)

(277)

At end of period

-

-

 

BD4Travel Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2023

Subsidiary
£

Total
£

At start of period

68,105

68,105

Repaid

(67,828)

(67,828)

At end of period

277

277