Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activity67truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03289447 2023-07-01 2024-06-30 03289447 2022-07-01 2023-06-30 03289447 2024-06-30 03289447 2023-06-30 03289447 1 2023-07-01 2024-06-30 03289447 d:Director1 2023-07-01 2024-06-30 03289447 c:Buildings 2023-07-01 2024-06-30 03289447 c:Buildings 2024-06-30 03289447 c:Buildings 2023-06-30 03289447 c:Buildings c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03289447 c:Buildings c:LongLeaseholdAssets 2023-07-01 2024-06-30 03289447 c:Buildings c:LongLeaseholdAssets 2024-06-30 03289447 c:Buildings c:LongLeaseholdAssets 2023-06-30 03289447 c:FurnitureFittings 2023-07-01 2024-06-30 03289447 c:FurnitureFittings 2024-06-30 03289447 c:FurnitureFittings 2023-06-30 03289447 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03289447 c:ComputerEquipment 2023-07-01 2024-06-30 03289447 c:ComputerEquipment 2024-06-30 03289447 c:ComputerEquipment 2023-06-30 03289447 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03289447 c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03289447 c:CurrentFinancialInstruments 2024-06-30 03289447 c:CurrentFinancialInstruments 2023-06-30 03289447 c:CurrentFinancialInstruments c:WithinOneYear 2024-06-30 03289447 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 03289447 c:ShareCapital 2024-06-30 03289447 c:ShareCapital 2023-06-30 03289447 c:SharePremium 2024-06-30 03289447 c:SharePremium 2023-06-30 03289447 c:CapitalRedemptionReserve 2024-06-30 03289447 c:CapitalRedemptionReserve 2023-06-30 03289447 c:RetainedEarningsAccumulatedLosses 2024-06-30 03289447 c:RetainedEarningsAccumulatedLosses 2023-06-30 03289447 d:FRS102 2023-07-01 2024-06-30 03289447 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03289447 d:FullAccounts 2023-07-01 2024-06-30 03289447 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03289447 2 2023-07-01 2024-06-30 03289447 c:TaxLossesCarry-forwardsDeferredTax 2024-06-30 03289447 c:TaxLossesCarry-forwardsDeferredTax 2023-06-30 iso4217:GBP xbrli:pure
Registered number: 03289447


THE TRAVEL PR COMPANY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024

 
THE TRAVEL PR COMPANY LIMITED
REGISTERED NUMBER:03289447

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,503
18,899

  
19,503
18,899

Current assets
  

Debtors: amounts falling due within one year
 5 
38,873
19,429

Cash at bank and in hand
 6 
186,784
202,983

  
225,657
222,412

Creditors: amounts falling due within one year
 7 
(49,157)
(54,924)

Net current assets
  
 
 
176,500
 
 
167,488

Total assets less current liabilities
  
196,003
186,387

Provisions for liabilities
  

Deferred tax
 8 
(2,654)
(4,589)

  
 
 
(2,654)
 
 
(4,589)

Net assets
  
193,349
181,798


Capital and reserves
  

Called up share capital 
  
750
750

Share premium account
  
19,800
19,800

Capital redemption reserve
  
200
200

Profit and loss account
  
172,599
161,048

  
193,349
181,798


Page 1

 
THE TRAVEL PR COMPANY LIMITED
REGISTERED NUMBER:03289447
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The director considers 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 director acknowledges her 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 by 




S J Ockwell
Director

Date: 7 October 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
THE TRAVEL PR COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The Travel PR Company Limited is a private company limited by shares incorporated in England, United Kingdom. The address of the registered office is given in the company information of these financial statements.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

In managing its cash flows, the Company received £50,000 funding through a Bounce Back Loan, and took advantage of the UK Job Retention Scheme and accessing government grant support. This loan has now been repaid in full.
The directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

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.

  
2.4

Revenue

Turnover comprises of revenue recognised by the company in respect of services supplied during the year to the extent that it is probable that the economic benefits will flow to the Company, and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Page 3

 
THE TRAVEL PR COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

  
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.
During the year the Company benefited from taking advantage of government support in the form of the Coronavirus Job Retention Scheme (CJRS) (see note 3)

 
2.7

Interest income

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

 
2.8

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.

 
2.9

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.

Page 4

 
THE TRAVEL PR COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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:

Property improvement
-
10%
per annum
Long-term leasehold property
-
10%
per annum
Fixtures and fittings
-
20%
per annum
Computer equipment
-
20%
per annum

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.

Page 5

 
THE TRAVEL PR COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

 
2.16

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.

 
2.17

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 (2023 - 7).

Page 6

 
THE TRAVEL PR COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Property Improvement
Long-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
103,402
41,882
52,660
64,988
262,932


Additions
-
-
5,330
-
5,330



At 30 June 2024

103,402
41,882
57,990
64,988
268,262



Depreciation


At 1 July 2023
103,400
41,882
51,797
46,954
244,033


Charge for the year on owned assets
2
-
464
4,260
4,726



At 30 June 2024

103,402
41,882
52,261
51,214
248,759



Net book value



At 30 June 2024
-
-
5,729
13,774
19,503



At 30 June 2023
2
-
863
18,034
18,899


5.


Debtors

2024
2023
£
£


Trade debtors
15,899
12,612

Prepayments and accrued income
22,974
6,817

38,873
19,429


Page 7

 
THE TRAVEL PR COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
186,784
202,983

186,784
202,983



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,155
1,296

Corporation tax
3,236
11,672

Other taxation and social security
13,651
13,608

Other creditors
2,759
5,393

Accruals and deferred income
26,356
22,955

49,157
54,924



8.


Deferred taxation




2024


£






At beginning of year
(4,589)


Charged to profit or loss
1,935



At end of year
(2,654)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Tax losses carried forward
(2,654)
(4,589)

(2,654)
(4,589)

Page 8

 
THE TRAVEL PR COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


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, which represents contributions payable by the Company to the fund, amounted to £6,519 (2023: £7,118). Contributions totalling £543 (2023: £543) were payable to the fund at the reporting date and are included in creditors.


10.


Related party transactions

At the year end a balance of £866 (2023: £2,000) was owed to the director by virtue of a director's loan account. This amount is non-interest bearing and repayable on demand.


11.


Post balance sheet events

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


12.


Controlling party

The ultimate controlling party is S Ockwell by virtue of her shareholdings.

 
Page 9