Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3102023-01-01falseTravel Holiday Specialist0truetrue SC453025 2023-01-01 2023-12-31 SC453025 2022-01-01 2022-12-31 SC453025 2023-12-31 SC453025 2022-12-31 SC453025 1 2023-01-01 2023-12-31 SC453025 d:Director1 2023-01-01 2023-12-31 SC453025 d:Director2 2023-01-01 2023-12-31 SC453025 d:Director3 2023-01-01 2023-12-31 SC453025 d:Director4 2023-01-01 2023-12-31 SC453025 d:Director5 2023-01-01 2023-12-31 SC453025 d:RegisteredOffice 2023-01-01 2023-12-31 SC453025 c:CurrentFinancialInstruments 2023-12-31 SC453025 c:CurrentFinancialInstruments 2022-12-31 SC453025 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 SC453025 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 SC453025 c:ShareCapital 2023-12-31 SC453025 c:ShareCapital 2022-12-31 SC453025 d:FRS102 2023-01-01 2023-12-31 SC453025 d:Audited 2023-01-01 2023-12-31 SC453025 d:FullAccounts 2023-01-01 2023-12-31 SC453025 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC453025 d:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: SC453025










TRAVEL TRANSPORTATION SERVICES LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
TRAVEL TRANSPORTATION SERVICES LIMITED
 
 
COMPANY INFORMATION


Directors
S Taylor 
H Daras 
J Dobson 
J D O'Hara 
G T Rizzi 




Registered number
SC453025



Registered office
Libertas House
5th Floor

39 St. Vincent Place

Glasgow

G1 2ER




Independent auditors
Xeinadin Audit Limited
Chartered Accountants & Statutory Auditors

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD





 
TRAVEL TRANSPORTATION SERVICES LIMITED
 

CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 5

 
TRAVEL TRANSPORTATION SERVICES LIMITED
REGISTERED NUMBER: SC453025

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
96,896
48,572

Cash at bank and in hand
 6 
3,604
51,658

  
100,500
100,230

Creditors: amounts falling due within one year
 7 
(500)
(230)

Net current assets
  
 
 
100,000
 
 
100,000

Total assets less current liabilities
  
100,000
100,000

  

Net assets
  
100,000
100,000


Capital and reserves
  

Called up share capital 
  
100,000
100,000

  
100,000
100,000


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:




................................................
J Dobson
Director

Date: 21 June 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
TRAVEL TRANSPORTATION SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Travel Transportation Services Limited is a private company limited by shares and incorporated,     domiciled and registered in the UK. The Company number is SC453025. The registered address can be found on the company information page.   

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.

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which the directors believe to be appropriate for the following reasons.
The Company’s activities are bound up with its immediate parent company, Barrhead Travel Service Limited, and thus the going concern review of the company reflects that of the group headed by Barrhead Travel 2007 Ltd (“the group”), which also includes both Barrhead Travel Service Limited and The Holiday Specialists Limited.
At the year end, the Company had total assets less liabilities of £100,000. The group manages its day to day and medium-term funding requirements through cash balances and loans from its parent or other group undertakings. 
The directors have prepared projected cash flow information for the eighteen months from the date of approval of these financial statements. These forecasts reflect, the Company will have sufficient funds to meet its liabilities as they fall due with the existing bookings to date and expected trading activity in 2024.
Those forecasts do not require nor include any additional financial support from Travel Leaders Group, LLC, however it has indicated its intentions to continue to support the business and make available such funds as are needed by the company for the period covered by the forecasts.
Based on the above indications, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.

 
2.3

Turnover

Turnover  is  recognised  to  the  extent  that  it  is  probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, and where applicable value  added tax and other sales taxes.
Turnover represents amounts receivable for goods and services provided in the normal course of business, net of trade, VAT and other sales related taxes.

Page 2

 
TRAVEL TRANSPORTATION SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

  
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, for example, 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 Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


Taxation

No liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Page 3

 
TRAVEL TRANSPORTATION SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
96,896
48,517

VAT repayable
-
55

96,896
48,572



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,604
51,658

3,604
51,658



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
500
230

500
230



8.


Related party transactions

The Company has taken advantage of exemption under the terms of FRS102 33.1A not to disclose related party transactions with wholly owned subsidiaries within the Barrhead Travel 2007 Limited group of companies.


9.


Post balance sheet events

The directors have concluded that no material events have occured since the date of approval of these financial statements that would affect the financial statements of the Company.

Page 4

 
TRAVEL TRANSPORTATION SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Controlling party

Internova Holdings, LLC is regarded as the ultimate parent company of Travel Transportation Services Limited.
The Company is a 100% subsidiary of Barrhead Travel Service Limited, a company incorporated in Scotland.
Barrhead Travel Service Limited is a 100% subsidiary of Barrhead Travel 2007 Limited which is also incorporated in Scotland.
Barrhead Travel 2007 Limited is a 100% subsidiary of Global Travel Collection, LLC (incorporated in the USA). Global Travel Collection, LLC is a 100% subsidiary of Tzell Holdings, LLC (incorporated in the USA), which is a 100% subsidiary of Travel Leaders Group, LLC (incorporated in the USA). Travel Leaders Group, LLC is a 100% subsidiary of Travel Leaders Group Holdings, LLC (incorporated in the USA), which is a 100% subsidiary of Internova Holdings, LLC.

11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 21 June 2024 by Yasin Khandwalla FCCA (Senior statutory auditor) on behalf of Xeinadin Audit Limited.

 
Page 5