Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activitytrue2023-04-01false42trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11884248 2023-04-01 2024-03-31 11884248 c:EntityControlledByKeyManagementPersonnel1 2023-04-01 2024-03-31 11884248 c:EntityControlledByKeyManagementPersonnel2 2023-04-01 2024-03-31 11884248 c:EntityControlledByKeyManagementPersonnel3 2023-04-01 2024-03-31 11884248 2022-04-01 2023-03-31 11884248 2024-03-31 11884248 c:EntityControlledByKeyManagementPersonnel1 2024-03-31 11884248 c:EntityControlledByKeyManagementPersonnel2 2024-03-31 11884248 c:EntityControlledByKeyManagementPersonnel3 2024-03-31 11884248 2023-03-31 11884248 c:EntityControlledByKeyManagementPersonnel3 2023-03-31 11884248 c:EntityControlledByKeyManagementPersonnel2 2023-03-31 11884248 c:EntityControlledByKeyManagementPersonnel1 2023-03-31 11884248 d:Director1 2023-04-01 2024-03-31 11884248 c:CurrentFinancialInstruments 2024-03-31 11884248 c:CurrentFinancialInstruments 2023-03-31 11884248 c:Non-currentFinancialInstruments 2024-03-31 11884248 c:Non-currentFinancialInstruments 2023-03-31 11884248 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 11884248 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 11884248 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 11884248 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 11884248 c:ShareCapital 2024-03-31 11884248 c:ShareCapital 2023-03-31 11884248 c:RetainedEarningsAccumulatedLosses 2024-03-31 11884248 c:RetainedEarningsAccumulatedLosses 2023-03-31 11884248 d:FRS102 2023-04-01 2024-03-31 11884248 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11884248 d:FullAccounts 2023-04-01 2024-03-31 11884248 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11884248 c:BetweenOneFiveYears 2024-03-31 11884248 c:BetweenOneFiveYears 2023-03-31 11884248 2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11884248










LITTLE TRAVEL UK LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
LITTLE TRAVEL UK LTD
REGISTERED NUMBER: 11884248

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
210,474
254,535

Cash at bank and in hand
 5 
30,604
170,164

  
241,078
424,699

Creditors: amounts falling due within one year
 6 
(208,298)
(205,427)

Net current assets
  
 
 
32,780
 
 
219,272

Total assets less current liabilities
  
32,780
219,272

Creditors: amounts falling due after more than one year
 7 
(150,540)
(336,099)

  

Net liabilities
  
(117,760)
(116,827)


Capital and reserves
  

Called up share capital 
  
30,100
30,100

Profit and loss account
  
(147,860)
(146,927)

  
(117,760)
(116,827)


Page 1

 
LITTLE TRAVEL UK LTD
REGISTERED NUMBER: 11884248
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 his 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 29 August 2024.




M V D Enden
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LITTLE TRAVEL UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Little Travel UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Bridge Place London SW1V 1QA.

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.

 
2.2

Going concern

TravelEssence Holding BV, the Netherlands based ultimate parent entity, has committed to provide ongoing support to allow the company to meet its liabilities as they fall due for a period of not less than twelve months from the date these accounts are signed. On this basis, 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.

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.

 
2.4

Turnover

Turnover represents amounts receivable for the sale of travel related services net of VAT and trade
discounts. Income and related costs are recognised on a departure date basis.

Page 3

 
LITTLE TRAVEL UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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

Interest income

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

 
2.7

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 4

 
LITTLE TRAVEL UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 2).


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
52,587
-

Other debtors
137,648
205,772

Prepayments and accrued income
20,239
48,763

210,474
254,535



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
30,604
170,164

30,604
170,164



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,904
13,208

Other taxation and social security
5,198
-

Other creditors
8,831
1,483

Accruals and deferred income
192,365
190,736

208,298
205,427


Accruals and deferred income includes monies received in advance from customers of £186,613 (2023:
£186,236) which relate to bookings departing after the year end.

Page 5

 
LITTLE TRAVEL UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
150,540
-

Other creditors
-
336,099

150,540
336,099



8.


Contingent liabilities

The company currently hold an Air Travel Organiser’s License (ATOL) issued by the Civil Aviation Authority. In order to offer air inclusive package holidays, the company requires the annual renewal by the CAA of its ATOL license. The CAA grants this license on the basis of meeting agreed financial criteria and renews this in September (effective 1st October) each year. The company has complied with these requirements in previous years. 
As at 31 March 2024, the company had in place a cash bond of £40,000 with the CAA to protect its licensable activity.


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
represents contributions payable by the company to the fund and amounted to £3,164 (2023: £1,734).
Contributions totalling to £962 (2023: £358) were payable to the fund at the balance sheet date and
are included in creditors.


10.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Later than 1 year and not later than 5 years
45,950
78,385

45,950
78,385

Page 6

 
LITTLE TRAVEL UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Related party transactions

As at 31 March 2024, included within the other debtors and other creditors due are amounts owed by/to connected companies as follows:
Amount owed by TravelEssence Holdings B.V. of £29,985 (2023: £29,985)
Amount owed to Little America Systems BV of £136,194 (2023: £63,214)
Amount owed to TravelEssence Netherlands of £14,346 (2023: £14,087)
Amount owed by TravelEssence Systems BV EUR of £22,601 (2023: owed to £288,783)


12.


Controlling party

The immediate parent company is TravelEssence Holding BV, based in the Netherlands.
 

 
Page 7