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REGISTERED NUMBER: 06999056 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Departure Lounge Travel Limited

Departure Lounge Travel Limited (Registered number: 06999056)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


Departure Lounge Travel Limited

Company Information
for the Year Ended 30 November 2023







Directors: Mrs J M Robson
Mrs K Lee





Registered office: Bank House
Broad Street
Spandling
Lincolnshire
PE11 1TB





Business address: 40 Wide Bargate
Boston
Lincolnshire
PE21 6RY





Registered number: 06999056 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Departure Lounge Travel Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Departure Lounge Travel Limited for the year ended 30 November 2023 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Departure Lounge Travel Limited, as a body, in accordance with the terms of our engagement letter dated 21 March 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Departure Lounge Travel Limited and state those matters that we have agreed to state to the Board of Directors of Departure Lounge Travel Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Departure Lounge Travel Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Departure Lounge Travel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Departure Lounge Travel Limited. You consider that Departure Lounge Travel Limited 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 financial statements of Departure Lounge Travel Limited. 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 financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


8 March 2024

Departure Lounge Travel Limited (Registered number: 06999056)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 7,496 2,567
Investments 6 600 600
8,096 3,167

Current assets
Debtors 7 332,493 437,622
Cash at bank and in hand 344,628 361,988
677,121 799,610
Creditors
Amounts falling due within one year 8 417,920 553,559
Net current assets 259,201 246,051
Total assets less current liabilities 267,297 249,218

Provisions for liabilities 1,333 376
Net assets 265,964 248,842

Capital and reserves
Called up share capital 10 43,000 43,000
Retained earnings 222,964 205,842
Shareholders' funds 265,964 248,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Departure Lounge Travel Limited (Registered number: 06999056)

Statement of Financial Position - continued
30 November 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:





Mrs J M Robson - Director


Departure Lounge Travel Limited (Registered number: 06999056)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. Statutory information

Departure Lounge Travel 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Office furniture and equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Departure Lounge Travel Limited (Registered number: 06999056)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


3. Accounting policies - continued

Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4. Employees and directors

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

5. Tangible fixed assets
Office
Fixtures furniture
and and
fittings equipment Totals
£    £    £   
Cost
At 1 December 2022 1,857 12,255 14,112
Additions 680 5,453 6,133
Disposals - (3,691 ) (3,691 )
At 30 November 2023 2,537 14,017 16,554
Depreciation
At 1 December 2022 1,632 9,913 11,545
Charge for year 136 556 692
Eliminated on disposal - (3,179 ) (3,179 )
At 30 November 2023 1,768 7,290 9,058
Net book value
At 30 November 2023 769 6,727 7,496
At 30 November 2022 225 2,342 2,567

6. Fixed asset investments
Elite
Travel
Group
Limited
shares
£   
At 1 December 2022
and 30 November 2023 600

7. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 302,176 408,184
Other debtors 25,000 25,000
Prepayments and accrued income 5,317 4,438
332,493 437,622

Departure Lounge Travel Limited (Registered number: 06999056)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


8. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 337,435 486,109
Corporation tax 3,402 2,384
Social security and other taxes 837 676
VAT 10,708 10,641
Other creditors 184 161
Accruals and deferred income 65,354 53,588
417,920 553,559

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 9,000 9,000

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary shares £1 10,000 10,000
20,000 Redeemable preference shares £1 33,000 33,000
43,000 43,000

The redeemable preference shares are included as part of share capital in the financial statements as they are only redeemable with ABTA's consent and are therefore not financial liabilities.

11. Related party transactions

During the year a management charge of £50,000 was made by Churn Investments Limited (2022 - £40,000) the amount outstanding at the year end was £50,000 (2022 - £40,000). T Robson is a director and shareholder of Churn Investments Limited.