REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 1ST DECEMBER 2023 |
FOR |
CANTABRICA AIR BROKERS LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
Other creditors |
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). |