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REGISTERED NUMBER: 02931845 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

STUDY JOURNEYS LIMITED

STUDY JOURNEYS LIMITED (REGISTERED NUMBER: 02931845)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STUDY JOURNEYS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs D B Avnaim Torres
Mr P J D R Torres





SECRETARY: Mrs D B Avnaim Torres





REGISTERED OFFICE: House 6, The Marais
Bolton Road
London
W4 3TH





REGISTERED NUMBER: 02931845 (England and Wales)





ACCOUNTANTS: B W Whiffin & Co Ltd
PO Box 13010
Halstead
Essex
CO9 9BP

STUDY JOURNEYS LIMITED (REGISTERED NUMBER: 02931845)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,214 7,554

CURRENT ASSETS
Debtors 5 7,814 11,344
Cash at bank and in hand 123,689 98,862
131,503 110,206
CREDITORS
Amounts falling due within one year 6 40,808 41,398
NET CURRENT ASSETS 90,695 68,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,909

76,362

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings 81,909 61,362
96,909 76,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:



Mr P J D R Torres - Director


STUDY JOURNEYS LIMITED (REGISTERED NUMBER: 02931845)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Study Journeys 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts receivable from customers for cultural tours and other travel related products net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15%-25% on reducing balance

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Foreign currencies
Transactions and balances

Foreign currency Transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rale when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors consider it appropriate to prepare the financial statements on a going concern basis.

STUDY JOURNEYS LIMITED (REGISTERED NUMBER: 02931845)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 20,001
DEPRECIATION
At 1 January 2023 12,447
Charge for year 1,340
At 31 December 2023 13,787
NET BOOK VALUE
At 31 December 2023 6,214
At 31 December 2022 7,554

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 7,814 11,344

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,996 86
Taxation and social security 30,218 30,159
Other creditors 7,594 11,153
40,808 41,398

7. RELATED PARTY DISCLOSURES

At the year end a balance of £339 (2022: £339 payable) was receivable from a connected entity.

At the year end the directors, P J R Torres and D B A Torres were owed £2,989 (2022: £7,622) by the company. These loans are non-interest bearing and repayable on demand.






STUDY JOURNEYS LIMITED (REGISTERED NUMBER: 02931845)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. POST BALANCE SHEET EVENTS

The directors have concluded that no other material matters have occurred since the date of approval of these financial statements that would affect the financial statements of the Company.

9. ULTIMATE CONTROLLING PARTY

The Company is controlled by the directors.