Other information |
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. |
We have nothing to report in this regard. |
|
Opinions on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
|
● |
the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
● |
the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements. |
|
Matters on which we are required to report by exception |
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report. |
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: |
● |
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
● |
the financial statements are not in agreement with the accounting records and returns; or |
● |
certain disclosures of directors’ remuneration specified by law are not made; or |
● |
we have not received all the information and explanations we require for our audit; or |
|
Responsibilities of directors |
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. |
|
Auditor’s responsibilities for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
|
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
|
Oasis Travel (N.I.) Limited |
|
Notes to the Accounts |
|
Year ended 30 April 2024 |
|
1 |
General information |
|
The company is a private company limited by shares , registered in Northern Ireland. The address of the registered office is 28-30 Railway Street, Lisburn, BT28 1XG . |
|
2 |
Statement of compliance |
|
These financial statements have been prepared in compliance with FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. |
|
3 |
Summary of significant accounting policies |
|
|
Basis of preparation |
|
The financial statements have been prepared under the historical cost basis , as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through the profit and loss. |
|
|
The financial statements are prepared in sterling, which is the functional currency of the entity. |
|
|
Going concern |
|
The directors have considered the company's current and future prospects taking into consideration cash flows and liquidity. A number of scenarios have been run and these show that the company should continue to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. The company's results have exceeded pre-pandemic levels over the last couple of years (despite the cost of living crisis) which gives the directors confidence that their assessment of going concern is correct. |
|
|
Judgements and key sources of estimation uncertainty |
|
The preparation of the financial statements requires management to make judgements, estimates and assumptions that reflect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
|
|
The directors applied their judgement when carrying out an impairment review of the company's assets. The directors are of the opinion that none of the company's assets have been impaired as at the balance sheet date. The directors took into account general economic conditions but recognise that there is a degree of uncertainty as to how these impact values, particularly with regards to the properties owned by the company. The properties are all maintained to the highest standards. |
|
|
Revenue recognition |
|
Turnover is measured at the fair value of the consideration received or receivable for goods supplied or services rendered, net of discounts and Value Added Tax. |
|
|
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. |
|
|
Turnover represents the gross value of the holiday bookings including commission and excluding value added tax and discounts given to customers. Turnover from these sales is recognised at the point of booking . The full cost of the bookings are recognised in cost of sales at the point of booking. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Goodwill |
|
|
20% straight line |
|
|
Tangible assets |
|
|
Long leasehold property |
2% straight line |
|
Fixtures and fittings |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Investment property |
|
Investment property is initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in profit or loss. |
|
|
Impairment of fixed assets |
|
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. |
|
|
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. |
|
|
Income tax |
|
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. |
|
|
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. |
|
|
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. |
|
|
Provisions |
|
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. |
|
|
Provisions are initially measured at the best estimate of the amount requires to settle the obligation at the reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in the profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in the profit or loss in the period it arises. |
|
|
Financial instruments |
|
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. |
|
|
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Government grants |
|
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. |
|
|
Government grants are recognised using the accrual model. |
|
|
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. |
|
|
Pensions |
|
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. |
|
|
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises. |
|
4 |
Analysis of turnover |
2024 |
|
2023 |
£ |
£ |
|
|
Sale of goods |
34,082,381 |
|
30,823,462 |
|
|
|
|
|
|
|
|
|
|
|
By geographical market: |
|
|
UK |
34,082,381 |
|
30,823,462 |
|
|
5 |
Operating profit |
2024 |
|
2023 |
£ |
£ |
|
This is stated after charging: |
|
|
Depreciation of owned fixed assets |
97,625 |
|
89,249 |
|
Operating lease rentals - land and buildings |
112,724 |
|
97,461 |
|
Auditors' remuneration for audit services |
12,500 |
|
14,000 |
|
Auditors' remuneration for other services |
4,275 |
|
3,600 |
|
Foreign exchange losses/(gains) |
10,363 |
|
18,954 |
|
|
|
|
|
|
|
|
|
|
6 |
Directors' emoluments |
2024 |
|
2023 |
£ |
£ |
|
|
Emoluments |
11,004 |
|
11,004 |
|
Company contributions to defined contribution pension plans |
286 |
|
286 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,290 |
|
11,290 |
|
|
|
|
|
|
|
|
|
|
|
Number of directors to whom retirement benefits accrued: |
2024 |
|
2023 |
Number |
Number |
|
|
Defined contribution plans |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
7 |
Staff costs |
2024 |
|
2023 |
£ |
£ |
|
|
Wages and salaries |
1,466,883 |
|
1,215,303 |
|
Social security costs |
128,378 |
|
107,506 |
|
Other pension costs |
39,174 |
|
34,138 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,634,435 |
|
1,356,947 |
|
|
|
|
|
|
|
|
|
|
|
Average number of employees during the year |
Number |
Number |
|
|
Administration |
60 |
|
53 |
|
|
|
|
|
|
|
|
|
|
8 |
Interest payable |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans and overdrafts |
81,922 |
|
81,635 |
|
|
|
|
|
|
|
|
|
|
9 |
Taxation |
2024 |
|
2023 |
£ |
£ |
|
Analysis of charge in period |
|
Current tax: |
|
UK corporation tax on profits of the period |
121,819 |
|
30,649 |
|
|
Deferred tax: |
|
Origination and reversal of timing differences |
9,314 |
|
21,291 |
|
|
|
|
|
|
|
|
|
|
|
Tax on profit on ordinary activities |
131,133 |
|
51,940 |
|
|
|
|
|
|
|
|
|
|
|
Factors affecting tax charge for period |
|
The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows: |
|
|
|
|
|
|
|
2024 |
|
2023 |
£ |
£ |
|
Profit on ordinary activities before tax |
469,714 |
|
433,559 |
|
|
|
|
|
|
|
|
|
|
|
Standard rate of corporation tax in the UK |
25% |
|
20% |
|
£ |
£ |
|
Profit on ordinary activities multiplied by the standard rate of corporation tax |
|
117,429 |
|
86,712 |
|
|
Effects of: |
|
Expenses not deductible for tax purposes |
3,380 |
|
448 |
|
Capital allowances for period in excess of depreciation |
1,003 |
|
(6,136) |
|
Utilisation of tax losses |
- |
|
(47,713) |
|
Adjustments to tax charge in respect of previous periods |
- |
|
- |
|
Other tax adjustment |
7 |
|
(2,662) |
|
|
|
|
|
|
|
|
|
|
|
Current tax charge for period |
121,819 |
|
30,649 |
|
|
10 |
Intangible fixed assets |
|
|
|
|
|
|
|
|
Goodwill |
£ |
|
|
Cost |
|
At 1 May 2023 |
165,000 |
|
|
|
|
|
|
|
|
|
|
|
At 30 April 2024 |
165,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 May 2023 |
33,000 |
|
Provided during the year |
33,000 |
|
|
|
|
|
|
|
|
|
|
|
At 30 April 2024 |
66,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying amount |
|
|
At 30 April 2024 |
99,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 30 April 2023 |
132,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill will be written off in equal annual instalments over its estimated economic life of 5 years. |
|
11 |
Tangible fixed assets |
|
|
Land and buildings |
|
Fixtures and fittings |
|
Motor vehicles |
|
Total |
|
|
At cost |
|
At cost |
|
At cost |
£ |
£ |
£ |
£ |
|
Cost or valuation |
|
At 1 May 2023 |
508,334 |
|
780,960 |
|
4,000 |
|
1,293,294 |
|
Additions |
- |
|
114,586 |
|
- |
|
114,586 |
|
|
|
|
|
|
|
|
|
|
|
At 30 April 2024 |
508,334 |
|
895,546 |
|
4,000 |
|
1,407,880 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2023 |
96,979 |
|
539,252 |
|
2,867 |
|
639,098 |
|
Charge for the year |
8,267 |
|
89,074 |
|
284 |
|
97,625 |
|
|
|
|
|
|
|
|
|
|
|
At 30 April 2024 |
105,246 |
|
628,326 |
|
3,151 |
|
736,723 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying amount |
|
|
At 30 April 2024 |
403,088 |
|
267,220 |
|
849 |
|
671,157 |
|
|
|
|
|
|
|
|
|
|
At 30 April 2023 |
411,355 |
|
241,708 |
|
1,133 |
|
654,196 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Land and buildings comprise: |
|
|
|
|
Land |
|
Long leasehold property |
|
Total |
£ |
£ |
|
Cost or valuation |
|
At 1 May 2023 |
95,000 |
|
413,334 |
|
508,334 |
|
|
|
|
|
|
|
|
|
|
|
At 30 April 2024 |
95,000 |
|
413,334 |
|
508,334 |
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2023 |
- |
|
96,979 |
|
96,979 |
|
Charge for the year |
- |
|
8,267 |
|
8,267 |
|
|
|
|
|
|
|
|
|
|
|
At 30 April 2024 |
- |
|
105,246 |
|
105,246 |
|
|
|
|
|
|
|
|
|
|
|
Carrying amount |
|
|
At 30 April 2024 |
95,000 |
|
308,088 |
|
403,088 |
|
|
At 30 April 2023 |
95,000 |
|
316,355 |
|
411,355 |
|
|
|
|
|
|
|
|
|
|
|
12 |
Investment property |
2024 |
£ |
|
Valuation |
|
At 1 May 2023 |
815,174 |
|
412,147 |
|
|
|
|
|
|
|
|
|
|
|
At 30 April 2024 |
412,147 |
|
|
|
|
|
|
|
|
|
|
|
The directors are of the opinion that the original cost of the investment property of £412,147 represents a fair value of the property at 30 April 2024. This opinion was reached after assessing recent selling prices of similar properties in the area. As the property is maintained to a high standard and is in an area with a buoyant market the directors are confident that there are no indicators of impairment. |
|
13 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
8,829,832 |
|
8,497,152 |
|
Other debtors |
20,854 |
|
10,417 |
|
Prepayments and accrued income |
103,477 |
|
103,694 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,954,163 |
|
8,611,263 |
|
|
|
|
|
|
|
|
|
|
14 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans |
111,474 |
|
121,039 |
|
Trade creditors |
12,387,812 |
|
11,419,076 |
|
Corporation tax |
121,819 |
|
30,649 |
|
Other taxes and social security costs |
68,682 |
|
57,356 |
|
Other creditors |
20,669 |
|
103,999 |
|
Accruals and deferred income |
31,571 |
|
30,452 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,742,027 |
|
11,762,571 |
|
|
|
|
|
|
|
|
|
|
|
Northern Bank Limited hold a charge over the land and premises at 30 Railway Street, Lisburn. |
|
|
Northern Bank Limited also hold a first legal charge over properties at 132 Longstone Street, Lisburn and 13 Lisburn Street, Hillsborough and a second legal charge over the property at 19 Los Cupresos Campo Mijas. |
|
15 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans |
561,516 |
|
783,795 |
|
Other creditors |
- |
|
55,000 |
|
Accruals and deferred income |
10,494 |
|
11,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
572,010 |
|
850,295 |
|
|
|
|
|
|
|
|
|
|
16 |
Loans |
2024 |
|
2023 |
£ |
£ |
|
Loans not wholly repayable within five years: |
|
Danske CBILS loan 1 (£600,000 over 10 years at 3.4% over Danske Bank Reference Rate - currently 1.75%) |
|
- |
|
469,329 |
|
Danske CBILS loan 2 (£500,000 over 10 years at 3.4% over Danske Bank Reference Rate - currently 1.75%). Repayments commenced October 2021. |
|
- |
|
435,502 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
904,831 |
|
|
|
|
|
|
|
|
|
|
|
|
Analysis of maturity of debt: |
|
Within one year or on demand |
111,474 |
|
121,036 |
|
Between one and two years |
121,498 |
|
121,036 |
|
Between two and five years |
440,018 |
|
363,108 |
|
After five years |
- |
|
299,651 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
672,990 |
|
904,831 |
|
|
|
|
|
|
|
|
|
|
17 |
Deferred taxation |
2024 |
|
2023 |
£ |
£ |
|
|
Accelerated capital allowances |
49,141 |
|
39,827 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
2023 |
£ |
£ |
|
|
At 1 May |
39,827 |
|
18,536 |
|
Charged to the profit and loss account |
9,314 |
|
21,291 |
|
|
|
|
|
|
|
|
|
|
|
At 30 April |
49,141 |
|
39,827 |
|
|
|
18 |
Provisions for liabilities |
|
|
|
|
|
|
|
|
Provision for bedbank failure |
£ |
|
At 1 May 2023 |
118,655 |
|
Additional provisions made during the period |
1,772 |
|
|
|
|
|
|
|
|
|
|
|
At 30 April 2024 |
120,427 |
|
|
|
|
|
|
|
|
|
|
|
19 |
Share capital |
Nominal |
|
2024 |
|
2024 |
|
2023 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
22,500 |
|
22,500 |
|
22,500 |
|
|
|
|
|
|
|
|
|
|
|
20 |
Profit and loss account |
2024 |
|
2023 |
£ |
£ |
|
|
At 1 May |
605,118 |
|
299,461 |
|
Profit for the financial year |
338,581 |
|
381,619 |
|
Dividends |
(62,381) |
|
(75,962) |
|
|
|
|
|
|
|
|
|
|
|
At 30 April |
881,318 |
|
605,118 |
|
|
|
|
|
|
|
|
|
|
|
21 |
Dividends |
2024 |
|
2023 |
£ |
£ |
|
|
Dividends on ordinary shares (note 20) |
62,381 |
|
75,962 |
|
|
|
|
|
|
|
|
|
|
|
|
22 |
Other financial commitments |
|
|
Total future minimum lease payments under non-cancellable operating leases: |
|
|
|
Land and buildings |
|
Land and buildings |
Other |
Other |
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
£ |
£ |
£ |
£ |
|
Falling due: |
|
within one year |
108,600 |
|
81,625 |
|
6,000 |
|
- |
|
within two to five years |
2,500 |
|
26,750 |
|
7,040 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
111,100 |
|
108,375 |
|
13,040 |
|
- |
|
|
|
|
|
|
|
|
|
|
23 |
Reconciliation of net debt |
|
|
1 May 2023 |
Cash flows |
|
Non-cash changes |
|
30 April 2024 |
£ |
£ |
£ |
£ |
|
|
Cash and cash equivalents |
3,589,360 |
|
661,596 |
|
- |
|
4,250,956 |
|
Bank overdrafts |
- |
|
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
3,589,360 |
|
661,596 |
|
- |
|
4,250,956 |
|
|
Borrowings: |
|
Bank loans |
(904,834) |
|
231,844 |
|
- |
|
(672,990) |
|
|
|
|
|
|
|
|
|
|
|
|
(904,834) |
|
231,844 |
|
- |
|
(672,990) |
|
|
|
|
|
|
|
|
|
|
|
Net debt |
2,684,526 |
|
893,440 |
|
- |
|
3,577,966 |
|
|
|
|
|
|
|
|
|
|
24 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
Mrs S Corkin-McCabe |
|
Interest free loan repayable on demand |
- |
|
(59,380) |
|
59,380 |
|
- |
|
|
Mr P McCabe |
|
Interest free loan repayable on demand |
- |
|
(3,000) |
|
3,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
(62,380) |
|
62,380 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25 |
Guarantees |
|
Mrs Sandra Corkin-McCabe (a director of the company) has given Danske Bank a personal guarantee up to the value of £420,000. |
|
|
The Department of Business Energy Industrial Strategy has given guarantees in respect of the CBILS loans totalling £880,000. |
|
|
At the balance sheet date there were two bonds in place where Danske Bank provided guarantees and these have been renewed since the balance sheet date. |
|
|
|
Current expiry date |
|
Current guarantee amount |
|
Guarantee amount at 30 April 2024 |
|
|
|
|
£ |
|
£ |
|
CAA |
31.03.2025 |
|
50,000 |
|
200,000 |
|
|
ABTA Limited |
31.01.2025 |
|
468,975 |
|
371,602 |
|
26 |
Controlling party |
|
|
Mrs S Corkin-McCabe (a director of the company) is considered to be the ultimate controlling party of the company due to her majority shareholding in the company. |
|
27 |
Presentation currency |
|
|
The financial statements are presented in Sterling. |
|
28 |
Legal form of entity and country of incorporation |
|
|
Oasis Travel (N.I.) Limited is a private company limited by shares and incorporated in Northern Ireland. |
|
29 |
Principal place of business |
|
|
The address of the company's principal place of business and registered office is: |
|
|
28-30 Railway Street |
|
Lisburn |
|
County Antrim |
|
BT28 1XG |