Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-31120836542023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalsefalsefalse222023-01-01 12083654 2023-01-01 2023-12-31 12083654 2022-01-01 2022-12-31 12083654 2023-12-31 12083654 2022-12-31 12083654 1 2023-01-01 2023-12-31 12083654 d:Director1 2023-01-01 2023-12-31 12083654 c:CurrentFinancialInstruments 2023-12-31 12083654 c:CurrentFinancialInstruments 2022-12-31 12083654 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 12083654 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 12083654 c:ShareCapital 2023-12-31 12083654 c:ShareCapital 2022-12-31 12083654 d:OrdinaryShareClass1 2023-01-01 2023-12-31 12083654 d:OrdinaryShareClass1 2022-01-01 2022-12-31 12083654 d:OrdinaryShareClass1 2023-12-31 12083654 d:OrdinaryShareClass1 2022-12-31 12083654 d:FRS102 2023-01-01 2023-12-31 12083654 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12083654 d:FullAccounts 2023-01-01 2023-12-31 12083654 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12083654 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure














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Arbitrip UK Limited

Registered number: 12083654
Information for
filing with Registrar
For the year ended 31 December 2023

 
 12083654
31 December 2023
ARBITRIP UK LIMITED
REGISTERED NUMBER: 12083654

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
420
420

Bank and cash balances
  
50,925
35,557

  
51,345
35,977

Creditors: amounts falling due within one year
 5 
(51,245)
(35,877)

Net current assets
  
 
 
100
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
 6 
100
100

Total equity
  
100
100


The directors consider 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 directors acknowledge their 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 by: 

B Yonovich
Director

Date: 25 September 2024

The notes on pages 2 to 6 form part of these financial statements.

- 1 -

 
 12083654
31 December 2023
ARBITRIP UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Arbitrip UK Limited is a private company limited by shares, incorporated in England and Wales. The Company's registered number is 12083654. The address of the Company's registered office is 30 Old Bailey, London, United Kingdom, EC4M 7AU. 
The principal activity of the Company is to provide services to the parent entity which provides an accommodation online booking tool, helping corporations to reduce their travel costs while maintaining compliance and increasing employees satisfaction.

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 financial statements have been presented in Pounds Sterling as this is the currency of the primary economic environment in which the Company operates and is rounded to the nearest pound. 

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis. The Company remains assured of the financial support by the parent company. The directors have received confirmation that the parent company will continue to support the Company and provide it with adequate funds when necessary to enable it to meet its debts as they fall due in the foreseeable future.
However, due to the current circumstances of the war in Israel, the parent company's trading has been impacted. This may have some bearing on the UK company but this cannot be determined with certainty. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

- 2 -

 
 12083654
31 December 2023
ARBITRIP UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentation currency is GBP.

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 rate 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. 

All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'administrative expenses'.

 
2.4

Turnover

Turnover arises from cost recharges made to Arigato Advanced Travel Technology Ltd, a parent undertaking at £nil mark up.
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.

- 3 -

 
 12083654
31 December 2023
ARBITRIP UK 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
- 4 -

 
 12083654
31 December 2023
ARBITRIP UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.
Financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is identified, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and its recoverable amount, which is an estimate of the amount that the Company would receive for the asset if it were to be sold at the reporting date.
Financial liabilities
Basic financial liabilities, including trade and other payables 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 receipts discounted at a rate of interest.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transactions price and subsequently measured at amortised costs.
Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an 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.


3.


Employees




The average monthly number of employees, including the directors, during the year was 2 (2022: 2).


4.


Debtors: amounts falling due within one year

2023
2022
£
£


Prepayments
420
420


- 5 -

 
 12083654
31 December 2023
ARBITRIP UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Creditors: amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
43,195
27,283

Accruals
8,050
8,594

51,245
35,877


Amounts owed to group undertakings are unsecured, interest free and repayable on demand.


6.


Called up share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 (2022: 10,000) ordinary shares of £0.01 each
100
100

The shares have attached to them full voting, dividend and capital distribution rights.



7.


Related party transactions

The Company is exempt from disclosing related party transactions undertaken with other wholly owned members of the group that have been concluded under normal market conditions.


8.


Post balance sheet events

On 31 December 2023 ("Signing Date"), Talma Shlomo entered into an addendum to the agreement dated 26 July 2022, under which Talma Shlomo will acquire 3,973,484 ordinary shares from Arigato Advanced Travel Technology Ltd's shareholders, representing approximately 79.5% of the company's share capital. The transaction was closed on 25 January 2024.


9.


Controlling party

The immediate parent undertaking is Arigato Advanced Travel Technology Ltd, a company incorporated in Israel. 
From 25 January 2024, the ultimate controlling party is considered to be Talma Shlomo Travel Solutions Ltd due to its majority shareholding in Arigato Advanced Travel Technology Ltd. Before this date, the directors considered Norisha Holdings Limited to be the ultimate controlling party, due to its former majority shareholding in Arigato Advanced Travel Technology Ltd.

- 6 -