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REGISTERED NUMBER: 03308198 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 1ST DECEMBER 2023

FOR

CANTABRICA AIR BROKERS LIMITED

CANTABRICA AIR BROKERS LIMITED (REGISTERED NUMBER: 03308198)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1ST DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CANTABRICA AIR BROKERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 1ST DECEMBER 2023







DIRECTORS: D J Stewart
Mrs L M Stewart





REGISTERED OFFICE: 9 High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RF





REGISTERED NUMBER: 03308198 (England and Wales)





ACCOUNTANTS: Camfield Chapman Lowe
9 High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RF

CANTABRICA AIR BROKERS LIMITED (REGISTERED NUMBER: 03308198)

STATEMENT OF FINANCIAL POSITION
1ST DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 510,336 381,971
Cash at bank 6,438 645
516,774 382,616
CREDITORS
Amounts falling due within one year 5 226,050 202,109
NET CURRENT ASSETS 290,724 180,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,724

180,507

CREDITORS
Amounts falling due after more than one
year

6

53,617

39,190
NET ASSETS 237,107 141,317

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 235,107 139,317
SHAREHOLDERS' FUNDS 237,107 141,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 1st December 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.

CANTABRICA AIR BROKERS LIMITED (REGISTERED NUMBER: 03308198)

STATEMENT OF FINANCIAL POSITION - continued
1ST DECEMBER 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 30th August 2024 and were signed on its behalf by:




D J Stewart - Director



Mrs L M Stewart - Director


CANTABRICA AIR BROKERS LIMITED (REGISTERED NUMBER: 03308198)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1ST DECEMBER 2023

1. STATUTORY INFORMATION

Cantabrica Air Brokers 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.

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.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Charges
Debenture made between Cantabrica Air Brokers Limited and David John Stewart and Lynda Maureen Stewart secured by all monies and liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 510,336 381,971

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,616 5,464
Trade creditors - 2,445
Taxation and social security 9,495 3,455
Other creditors 210,939 190,745
226,050 202,109

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 33,609 39,190
Other creditors 20,008 -
53,617 39,190

CANTABRICA AIR BROKERS LIMITED (REGISTERED NUMBER: 03308198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 1ST DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,623 15,813

7. RELATED PARTY DISCLOSURES

During the course of the year the company entered into transactions with the following companies, which were companies in which Mr and Mrs Stewart are either directors or have a significant influence on the general running of the business.

Included in debtors and creditors are balances which have arisen between the companies in respect of advance payments on contracts for coach travel, hotel accommodation and, head office costs. The amounts arise due to property rents being payable throughout the year, although the properties are mainly used over the winter ski period, after the year end date.

Ski Snowcoach Limited were invoiced £54,000 (2022: £nil ) for services rendered. The balance due to Ski Snowcoach Limited at the year end was £431,618 (2022: £315,719).

The balance due from Mountain Lodge Coaches Limited at the year end was £36,251 (2022: £66,251).

Cantabrica Air Brokers Limited had additional sales from a subsidiary of Mountain Lodge Hotels Limited which were invoiced during the year of £42,465 (2022 £nil). The balance owed from Mountain Lodge Hotels Limited at the year end was £42,465 (2022 £nil).