IRIS Accounts Production v24.2.0.383 04007363 Board of Directors 1.4.23 31.3.24 31.3.24 23.9.24 0 0 false true false false true false Auditors Opinion Ordinary 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040073632023-03-31040073632024-03-31040073632023-04-012024-03-31040073632022-03-31040073632022-04-012023-03-31040073632023-03-3104007363ns15:EnglandWales2023-04-012024-03-3104007363ns14:PoundSterling2023-04-012024-03-3104007363ns10:Director12023-04-012024-03-3104007363ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104007363ns10:SmallEntities2023-04-012024-03-3104007363ns10:Audited2023-04-012024-03-3104007363ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104007363ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104007363ns10:FullAccounts2023-04-012024-03-3104007363ns10:OrdinaryShareClass12023-04-012024-03-3104007363ns10:OrdinaryShareClass22023-04-012024-03-3104007363ns10:Director22023-04-012024-03-3104007363ns10:Director32023-04-012024-03-3104007363ns10:RegisteredOffice2023-04-012024-03-3104007363ns5:CurrentFinancialInstruments2024-03-3104007363ns5:CurrentFinancialInstruments2023-03-3104007363ns5:ShareCapital2024-03-3104007363ns5:ShareCapital2023-03-3104007363ns5:RetainedEarningsAccumulatedLosses2024-03-3104007363ns5:RetainedEarningsAccumulatedLosses2023-03-3104007363ns5:FurnitureFittings2023-03-3104007363ns5:ComputerEquipment2023-03-3104007363ns5:FurnitureFittings2023-04-012024-03-3104007363ns5:ComputerEquipment2023-04-012024-03-3104007363ns5:FurnitureFittings2024-03-3104007363ns5:ComputerEquipment2024-03-3104007363ns5:FurnitureFittings2023-03-3104007363ns5:ComputerEquipment2023-03-3104007363ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104007363ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104007363ns5:CurrentFinancialInstruments2023-04-012024-03-3104007363ns10:OrdinaryShareClass12024-03-3104007363ns10:OrdinaryShareClass22024-03-3104007363ns5:RetainedEarningsAccumulatedLosses2023-03-3104007363ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 04007363 (England and Wales)



Financial Statements for the Year Ended 31 March 2024

for

Red Dot Tours Limited

Red Dot Tours Limited (Registered number: 04007363)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 8


Red Dot Tours Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M Cunat Hengstenberg
Mr D A De Zoysa
Mr D K Hopps





REGISTERED OFFICE: Orchard House
Folly Lane
Bramham
Wetherby
West Yorkshire
LS23 6RZ





REGISTERED NUMBER: 04007363 (England and Wales)





AUDITORS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Red Dot Tours Limited (Registered number: 04007363)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 5 57,258 493,651
Cash at bank and in hand 454,756 242,360
512,014 736,011
CREDITORS
Amounts falling due within one year 6 (388,859 ) (706,685 )
NET CURRENT ASSETS 123,155 29,326
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,155

29,326

CAPITAL AND RESERVES
Called up share capital 8 87,500 87,500
Retained earnings 9 35,655 (58,174 )
SHAREHOLDERS' FUNDS 123,155 29,326

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 23 September 2024 and were signed on its behalf by:





Mr D A De Zoysa - Director


Red Dot Tours Limited (Registered number: 04007363)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Red Dot Tours 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures & Equipment 20-33% on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Red Dot Tours Limited (Registered number: 04007363)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company become party to the contractual provisions of the instruments.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transactions costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from supplier. Amounts payable are classified as current liabilities if payments are due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Red Dot Tours Limited (Registered number: 04007363)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Cash and cash equivalents
Cash and cash equivalent are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months of less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Going concern
As part of their assessment of going concern, the directors of the company have considered the liquidity position and funding requirements for at least 12 months from the date of approval of these financial statements. The directors consider it appropriate to prepare the financial statement on a going concern basis.

Provision
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Employees benefits
The costs of short term employee benefits are recognised as a liability and an expenses, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Red Dot Tours Limited (Registered number: 04007363)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 9,624 94,274 103,898
Disposals (9,624 ) (94,274 ) (103,898 )
At 31 March 2024 - - -
DEPRECIATION
At 1 April 2023 9,624 94,274 103,898
Eliminated on disposal (9,624 ) (94,274 ) (103,898 )
At 31 March 2024 - - -
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Inter company indebtedness - 430,177
Prepayments and accrued income 57,123 63,339
Deposits 135 135
57,258 493,651

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 7) 10,868 -
Trade creditors 89,257 5,695
Other creditors 16,640 16,640
Tax 4,966 -
Inter company accounts 51,518 458,739
Accruals and deferred income 209,270 220,811
Accrued expenses 6,340 4,800
388,859 706,685



Red Dot Tours Limited (Registered number: 04007363)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 10,868 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
84,000 Ordinary £1 84,000 84,000
3,500 Ordinary A £1 3,500 3,500
87,500 87,500

9. RESERVES
Retained
earnings
£   

At 1 April 2023 (58,174 )
Profit for the year 93,829
At 31 March 2024 35,655

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alan Kaye FCA (Senior Statutory Auditor)
for and on behalf of BBK Partnership

11. RELATED PARTY DISCLOSURES

A management fee of £nil (2023: £nil) was made to TFG management service (Pvt) Ltd and a royalty payment of £nil (2022: £nill) was made to the parent company Fabulous Getaway (Private) Limited for the services provided for the period.

Included in the other debtors are £nil (2023: £430,177) owed by the parent company and the fellow subsidiary of the group.

Included in the other creditors are £nil (2023: £437,728) owed to the parent company and the fellow subsidiary of the group.

Red Dot Tours Limited (Registered number: 04007363)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


12. ULTIMATE CONTROLLING PARTY

The intermediary parent company is The Fabulous Getaway (Private) Limited, a company incorporated in Sri Lanka. The ultimate joint parent companies are Finco Holdings (Pvt) Limited and Ajita de Zoysa & Company (Pvt) Limited incorporated in Sri Lanka and these companies are controlled by Mr. Priyanjith Weerasooria and Mr. Ajith De Zoysa.

13. PARENT COMPANY

The company is a wholly owned subsidiary of The Fabulous Gateway (Private) Limited and company registered in Sri Lanka. The company's registered office is 140A, Vauxhall Street, Colombo 02, Sri Lanka. The largest and the smallest group in which the results of the company are consolidated is that headed by Finco Holdings (Pvt) Limited. The consolidated accounts of this company are available to the public and can be obtained from 49/16, Iceland Building, Galle Road, Colombo 03, Sri Lanka.