Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-014falseNo description of principal activity4truetruefalse 07200482 2023-01-01 2023-12-31 07200482 2022-01-01 2022-12-31 07200482 2023-12-31 07200482 2022-12-31 07200482 c:Director1 2023-01-01 2023-12-31 07200482 c:RegisteredOffice 2023-01-01 2023-12-31 07200482 d:PlantMachinery 2023-01-01 2023-12-31 07200482 d:PlantMachinery 2023-12-31 07200482 d:PlantMachinery 2022-12-31 07200482 d:CurrentFinancialInstruments 2023-12-31 07200482 d:CurrentFinancialInstruments 2022-12-31 07200482 d:Non-currentFinancialInstruments 2023-12-31 07200482 d:Non-currentFinancialInstruments 2022-12-31 07200482 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07200482 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07200482 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07200482 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07200482 d:ShareCapital 2023-12-31 07200482 d:ShareCapital 2022-12-31 07200482 d:RetainedEarningsAccumulatedLosses 2023-12-31 07200482 d:RetainedEarningsAccumulatedLosses 2022-12-31 07200482 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07200482 c:OrdinaryShareClass1 2023-12-31 07200482 c:OrdinaryShareClass1 2022-12-31 07200482 c:FRS102 2023-01-01 2023-12-31 07200482 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07200482 c:FullAccounts 2023-01-01 2023-12-31 07200482 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07200482 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07200482










JASON'S TRIPS LIMITED
UNAUDITED
DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




















 
JASON'S TRIPS LIMITED
 
 
Company Information


Director
P Harrod 




Registered number
07200482



Registered office
3rd Floor
12 Gough Square

London

EC4A 3DW





 
JASON'S TRIPS LIMITED
Registered number: 07200482

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
415,380
330,957

Cash at bank and in hand
  
50,811
38,535

  
466,191
369,492

Creditors: amounts falling due within one year
 6 
(282,758)
(198,165)

Net current assets
  
 
 
183,433
 
 
171,327

Total assets less current liabilities
  
183,433
171,327

Creditors: amounts falling due after more than one year
 7 
-
(66,092)

  

Net assets
  
183,433
105,235


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
182,433
104,235

  
183,433
105,235


Page 1

 
JASON'S TRIPS LIMITED
Registered number: 07200482
    
Balance sheet (continued)
As at 31 December 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 on 3 September 2024.




P Harrod
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
JASON'S TRIPS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

1.


General information

Jason's Trips Limited is a private company limited by share capital incorporated in England and Wales, registration number 07200482. The registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.
The principal activity of the company in the period under review was that of the provision of inland water boat excursions.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises of revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. 
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
JASON'S TRIPS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

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.

 
2.8

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. 

 
2.9

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.

Page 4

 
JASON'S TRIPS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.



 
Page 5

 
JASON'S TRIPS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 6

 
JASON'S TRIPS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

4.


Tangible fixed assets





Plant & machinery

£



Cost or valuation


At 1 January 2023
65,000



At 31 December 2023

65,000



Depreciation


At 1 January 2023
65,000



At 31 December 2023

65,000



Net book value



At 31 December 2023
-



At 31 December 2022
-


5.


Debtors

2023
2022
£
£


Other debtors
415,380
330,957

415,380
330,957


Page 7

 
JASON'S TRIPS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
90,125
18,318

Trade creditors
32
4,804

Corporation tax
23,712
2,445

Other taxation and social security
6,866
1,913

Other creditors
78,974
81,121

Accruals and deferred income
83,049
89,564

282,758
198,165


Bank loans falling due within one year of £30,667 are secured by way of a fixed and floating charge over all assets of the company. 
Bank loans falling due within one year of £38,881 are guaranteed by the UK government.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
66,092

-
66,092





8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares shares of £1.00 each
1,000
1,000



9.


Related party transactions

The company has provided a loan to a company under common control. The balance outstanding as at 31 December 2023 was £415,000 (2022: £330,000). During the year, the company lent a further £85,000.  The balance is interest free and repayable on demand.

 
Page 8