Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3142023-01-01falseTravel Agents6falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08132908 2023-01-01 2023-12-31 08132908 2022-01-01 2022-12-31 08132908 2023-12-31 08132908 2022-12-31 08132908 c:Director1 2023-01-01 2023-12-31 08132908 c:Director2 2023-01-01 2023-12-31 08132908 d:PlantMachinery 2023-01-01 2023-12-31 08132908 d:PlantMachinery 2023-12-31 08132908 d:PlantMachinery 2022-12-31 08132908 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08132908 d:OfficeEquipment 2023-01-01 2023-12-31 08132908 d:ComputerEquipment 2023-01-01 2023-12-31 08132908 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 08132908 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 08132908 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 08132908 d:CurrentFinancialInstruments 2023-12-31 08132908 d:CurrentFinancialInstruments 2022-12-31 08132908 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08132908 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08132908 d:ShareCapital 2023-12-31 08132908 d:ShareCapital 2022-12-31 08132908 d:RetainedEarningsAccumulatedLosses 2023-12-31 08132908 d:RetainedEarningsAccumulatedLosses 2022-12-31 08132908 c:FRS102 2023-01-01 2023-12-31 08132908 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08132908 c:FullAccounts 2023-01-01 2023-12-31 08132908 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08132908 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 08132908 2 2023-01-01 2023-12-31 08132908 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 08132908 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 08132908 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-01-01 2023-12-31 08132908 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 08132908









THE LUXURY TRAVEL BOOK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
THE LUXURY TRAVEL BOOK LIMITED
REGISTERED NUMBER: 08132908

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
25,681
-

Tangible assets
 5 
17,055
4,624

  
42,736
4,624

Current assets
  

Debtors: amounts falling due within one year
 6 
1,535,987
1,404,696

Cash at bank and in hand
 7 
36,482
179,841

  
1,572,469
1,584,537

Creditors: amounts falling due within one year
 8 
(1,377,567)
(1,383,957)

Net current assets
  
 
 
194,902
 
 
200,580

Total assets less current liabilities
  
237,638
205,204

Provisions for liabilities
  

Deferred tax
 9 
(10,684)
(1,156)

  
 
 
(10,684)
 
 
(1,156)

Net assets
  
226,954
204,048


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
226,654
203,748

  
226,954
204,048


Page 1

 
THE LUXURY TRAVEL BOOK LIMITED
REGISTERED NUMBER: 08132908
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 on 24 September 2024.




J A R Marquis
F P Marquis
Director
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
THE LUXURY TRAVEL BOOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Luxury Travel Book Limited is private company limited by shares and incorporated in England under registered number 08132908. Its registered office address is 2nd Floor, Nucleus House, 2 Lower Mortlake Road, Richmond, TW9 2JA.

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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational 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 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'.

 
2.3

Revenue

Turnover represents the total value of holiday accommodation arrangements provided by the company, recognised on a booking basis, net of value added tax and discounts.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
THE LUXURY TRAVEL BOOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Website Development
-
3
years

Page 4

 
THE LUXURY TRAVEL BOOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

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:

Office equipment
-
Over 4 years
Computer equipment
-
Over 4 years

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.

 
2.10

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.

 
2.11

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.

 
2.12

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 5

 
THE LUXURY TRAVEL BOOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 4).

Page 6

 
THE LUXURY TRAVEL BOOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Website Development

£



Cost


At 1 January 2023
22,399


Additions
26,415


Disposals
(22,399)



At 31 December 2023

26,415



Amortisation


At 1 January 2023
22,399


Charge for the year on owned assets
734


On disposals
(22,399)



At 31 December 2023

734



Net book value



At 31 December 2023
25,681



At 31 December 2022
-



Page 7

 
THE LUXURY TRAVEL BOOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2023
9,148


Additions
17,128


Disposals
(4,125)



At 31 December 2023

22,151



Depreciation


At 1 January 2023
4,524


Charge for the year on owned assets
3,652


Disposals
(3,080)



At 31 December 2023

5,096



Net book value



At 31 December 2023
17,055



At 31 December 2022
4,624


6.


Debtors

2023
2022
£
£


Trade debtors
1,372,887
1,322,794

Other debtors
151,889
75,872

Prepayments and accrued income
11,211
6,030

1,535,987
1,404,696


Included in other debtors above are loans to the directors amounting to £131,630. These loans are unsecured, interest free and were repaid in full in March 2024.

Page 8

 
THE LUXURY TRAVEL BOOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
36,482
179,841

36,482
179,841



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,226,737
1,214,769

Corporation tax
46,705
58,110

Other taxation and social security
14,271
1,155

Other creditors
86,464
107,823

Accruals and deferred income
3,390
2,100

1,377,567
1,383,957



9.


Deferred taxation




2023


£






At beginning of year
(1,156)


Charged to profit or loss
(9,528)



At end of year
(10,684)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(10,684)
(1,156)

(10,684)
(1,156)

Page 9

 
THE LUXURY TRAVEL BOOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £21,332 (2022 - £30,054) . Contributions totalling £468 (2022 - £139) were payable to the fund at the reporting date.


11.


Controlling party

In the opinions of the directors, there is no ultimate controlling party.

 
Page 10