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REGISTERED NUMBER: 02107955 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

UVET TRAVEL & EVENTS UK LIMITED

UVET TRAVEL & EVENTS UK LIMITED (REGISTERED NUMBER: 02107955)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UVET TRAVEL & EVENTS UK LIMITED

Company Information
for the year ended 31 December 2023







Directors: G Bonuglia
L P G Patane





Registered office: Brock House
19 Langham Street
London
W1W 6BP





Registered number: 02107955 (England and Wales)





Auditors: Cooper Parry Group Limited
Statutory Auditor
Aissela
46 High Street
Esher
Surrey
KT10 9QY

UVET TRAVEL & EVENTS UK LIMITED (REGISTERED NUMBER: 02107955)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 - -
Investments 5 2,000 2,000
2,000 2,000

Current assets
Debtors 6 978,663 927,471
Cash at bank and in hand 444,713 411,223
1,423,376 1,338,694
Creditors
Amounts falling due within one year 7 277,895 306,245
Net current assets 1,145,481 1,032,449
Total assets less current liabilities 1,147,481 1,034,449

Capital and reserves
Called up share capital 9 30,000 30,000
Retained earnings 1,117,481 1,004,449
Shareholders' funds 1,147,481 1,034,449

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





G Bonuglia - Director


UVET TRAVEL & EVENTS UK LIMITED (REGISTERED NUMBER: 02107955)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Uvet Travel & Events UK 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. 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.

Preparation of consolidated financial statements
The financial statements contain information about Uvet Travel & Events UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

Turnover
Turnover is recognised on a departure basis. Any deposits received in respect of departures in a future accounting period are not recognised in the profit and loss until the year of departure.

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 - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


UVET TRAVEL & EVENTS UK LIMITED (REGISTERED NUMBER: 02107955)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. Employees and directors

The average number of employees during the year was 6 (2022 - 6 ) .

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 January 2023 3,254 3,238 6,492
Disposals (3,254 ) (3,238 ) (6,492 )
At 31 December 2023 - - -
Depreciation
At 1 January 2023 3,254 3,238 6,492
Eliminated on disposal (3,254 ) (3,238 ) (6,492 )
At 31 December 2023 - - -
Net book value
At 31 December 2023 - - -
At 31 December 2022 - - -

UVET TRAVEL & EVENTS UK LIMITED (REGISTERED NUMBER: 02107955)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 January 2023
and 31 December 2023 2,000
Net book value
At 31 December 2023 2,000
At 31 December 2022 2,000

6. Debtors: amounts falling due within one year
2023 2022
£ £
Amounts owed by group undertakings 854,093 888,405
Other debtors 124,570 39,066
978,663 927,471

7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 13,787 83,104
Taxation and social security 8,449 7,295
Other creditors 255,659 215,846
277,895 306,245

Other creditors includes receipts from customers for departures after the balance sheet date amounting to £207,753 (2022: £205,846).

8. Secured debts

There is a fixed charge over a fixed cash amount held by The Royal Bank of Scotland PLC.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
30,000 Ordinary £1 30,000 30,000

10. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Paul Hodgett BA(Hons) FCA (Senior Statutory Auditor)
for and on behalf of Cooper Parry Group Limited

11. Related party disclosures

The Company is owed £854,093 (2022: £888,405) by Uvet Event UK Limited.

12. Ultimate controlling party

The ultimate controlling party is Uvet Viaggi Turismo SPA.