Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30falsetrue4No description of principal activity2023-10-013trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04466493 2023-10-01 2024-09-30 04466493 2022-10-01 2023-09-30 04466493 2024-09-30 04466493 2023-09-30 04466493 2022-10-01 04466493 1 2023-10-01 2024-09-30 04466493 d:CompanySecretary1 2023-10-01 2024-09-30 04466493 d:Director1 2023-10-01 2024-09-30 04466493 d:Director2 2023-10-01 2024-09-30 04466493 d:Director3 2023-10-01 2024-09-30 04466493 d:RegisteredOffice 2023-10-01 2024-09-30 04466493 c:FurnitureFittings 2023-10-01 2024-09-30 04466493 c:FurnitureFittings 2024-09-30 04466493 c:FurnitureFittings 2023-09-30 04466493 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04466493 c:OfficeEquipment 2023-10-01 2024-09-30 04466493 c:OfficeEquipment 2024-09-30 04466493 c:OfficeEquipment 2023-09-30 04466493 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04466493 c:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04466493 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 04466493 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 04466493 c:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 04466493 c:CurrentFinancialInstruments 2024-09-30 04466493 c:CurrentFinancialInstruments 2023-09-30 04466493 c:Non-currentFinancialInstruments 2024-09-30 04466493 c:Non-currentFinancialInstruments 2023-09-30 04466493 c:CurrentFinancialInstruments c:WithinOneYear 2024-09-30 04466493 c:CurrentFinancialInstruments c:WithinOneYear 2023-09-30 04466493 c:Non-currentFinancialInstruments c:AfterOneYear 2024-09-30 04466493 c:Non-currentFinancialInstruments c:AfterOneYear 2023-09-30 04466493 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-09-30 04466493 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-09-30 04466493 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-09-30 04466493 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-09-30 04466493 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2024-09-30 04466493 c:Non-currentFinancialInstruments c:MoreThanFiveYears 2023-09-30 04466493 c:ShareCapital 2024-09-30 04466493 c:ShareCapital 2023-09-30 04466493 c:SharePremium 2023-10-01 2024-09-30 04466493 c:SharePremium 2024-09-30 04466493 c:SharePremium 2023-09-30 04466493 c:CapitalRedemptionReserve 2023-10-01 2024-09-30 04466493 c:CapitalRedemptionReserve 2024-09-30 04466493 c:CapitalRedemptionReserve 2023-09-30 04466493 c:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 04466493 c:RetainedEarningsAccumulatedLosses 2024-09-30 04466493 c:RetainedEarningsAccumulatedLosses 2023-09-30 04466493 d:OrdinaryShareClass1 2023-10-01 2024-09-30 04466493 d:OrdinaryShareClass1 2024-09-30 04466493 d:OrdinaryShareClass1 2023-09-30 04466493 d:OrdinaryShareClass2 2023-10-01 2024-09-30 04466493 d:OrdinaryShareClass2 2024-09-30 04466493 d:OrdinaryShareClass2 2023-09-30 04466493 d:OrdinaryShareClass3 2023-10-01 2024-09-30 04466493 d:OrdinaryShareClass3 2024-09-30 04466493 d:OrdinaryShareClass3 2023-09-30 04466493 d:FRS102 2023-10-01 2024-09-30 04466493 d:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04466493 d:FullAccounts 2023-10-01 2024-09-30 04466493 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04466493 2 2023-10-01 2024-09-30 04466493 7 2023-10-01 2024-09-30 04466493 c:AcceleratedTaxDepreciationDeferredTax 2024-09-30 04466493 c:AcceleratedTaxDepreciationDeferredTax 2023-09-30 04466493 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04466493


ESSENTIAL ESCAPES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ESSENTIAL ESCAPES LIMITED
 
 
COMPANY INFORMATION


Directors
E Spitzer 
D Pitish 
J Brod 




Company secretary
J Brod



Registered number
04466493



Registered office
8th Floor
Becket House

36 Old Jewry

London

EC2R 8DD




Accountants
Xeinadin London Limited
Accountants

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD





 
ESSENTIAL ESCAPES LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 13


 
ESSENTIAL ESCAPES LIMITED
REGISTERED NUMBER: 04466493

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
2,015
2,210

  
2,015
2,210

Current assets
  

Debtors: amounts falling due after more than one year
 6 
7,718
7,718

Debtors: amounts falling due within one year
 6 
263,919
198,746

Bank and cash balances
  
622,305
764,580

  
893,942
971,044

Creditors: amounts falling due within one year
 8 
(598,888)
(647,854)

Net current assets
  
 
 
295,054
 
 
323,190

Total assets less current liabilities
  
297,069
325,400

Creditors: amounts falling due after more than one year
 9 
(140,000)
(172,249)

  

Net assets
  
157,069
153,151


Capital and reserves
  

Called up share capital 
 12 
13,119
13,119

Share premium account
 13 
50,000
50,000

Capital redemption reserve
 13 
5,964
5,964

Profit and loss account
 13 
87,986
84,068

  
157,069
153,151


Page 1

 
ESSENTIAL ESCAPES LIMITED
REGISTERED NUMBER: 04466493
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

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: 




D Pitish
Director

Date: 23 December 2024

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
ESSENTIAL ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Essential Escapes Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. 
The address of the registered office is given in the company information of these financial statements.
The nature of the company's operations and principal activites is that of tour operators specialising in spa and family holidays.

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

 
2.2

Turnover

Turnover represents revenue receivable from sales of tours departing during the year net of TOMS VAT and non-refundable deposits for tours booked in the year.

 
2.3

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.

 
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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
ESSENTIAL ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

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

 
2.8

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.


  
2.9

Advance payments and receipts

All revenue relating to tours with departure dates after the year end less the margin on non-refundable tours booked in the year, are treated as advance receipts.
Advance receipts, along with payments made to suppliers in respect of these tours are included within deferred income in the accounts.

Page 4

 
ESSENTIAL ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

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

 
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:

Fixtures and fittings
-
33.33% per annum
Office equipment
-
33.33% 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.

 
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, monies held in Trust 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.

Page 5

 
ESSENTIAL ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

 
2.16

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.

 
2.17

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 4).

Page 6

 
ESSENTIAL ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Intangible assets




Website development expenditure

£



Cost


At 1 October 2023
40,591



At 30 September 2024

40,591



Amortisation


At 1 October 2023
40,591



At 30 September 2024

40,591



Net book value



At 30 September 2024
-



At 30 September 2023
-



Page 7

 
ESSENTIAL ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost


At 1 October 2023
1,350
41,066
42,416



At 30 September 2024

1,350
41,066
42,416



Depreciation


At 1 October 2023
1,350
38,856
40,206


Charge for the year on owned assets
-
195
195



At 30 September 2024

1,350
39,051
40,401



Net book value



At 30 September 2024
-
2,015
2,015



At 30 September 2023
-
2,210
2,210

Page 8

 
ESSENTIAL ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Prepayments and accrued income
7,718
7,718

7,718
7,718


2024
2023
£
£

Due within one year

Other debtors
2,996
3,883

Prepayments and accrued income
260,923
189,477

Deferred taxation
-
5,386

263,919
198,746


Prepayments and accrued income includes advance payments to suppliers for future travel amounting to £252,758 (2023: £181,572). 


7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
622,305
764,580

622,305
764,580


Cash and cash equivalents includes amounts held in Trust totalling £299,736 (2023: £362,345). Amounts held in Trust are segregated monies received and held in a separate independently administered Trust account. These amounts are held as a financial gurantee for the company's travel licenses and for the protection of monies collected from passengers.

Page 9

 
ESSENTIAL ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
30,000
30,000

Trade creditors
-
4,960

Other taxation and social security
13,105
7,005

Other creditors
36,268
32,970

Accruals and deferred income
519,515
572,919

598,888
647,854


Accruals and deferred income includes advance receipts from customers for future travel amounting to £470,555 (2023: £521,500) which is held in a secure client trust account. 


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
140,000
170,000

Accruals and deferred income
-
2,249

140,000
172,249


HSBC UK Bank plc holds fixed and floating charges over the undertaking and all property and assets present and future, including goodwill, bookdebts, uncalled capital, buildings, fixtures and fixed plant and machinery. This is held against all monies due or to become due from the Company to the charge on any account whatsoever.

Accruals and deferred income includes advance receipts from customers for future travel amounting to £Nil (2023: £2,249) which is held in a secure client trust account. 

Page 10

 
ESSENTIAL ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
30,000
30,000


30,000
30,000

Amounts falling due 1-2 years

Bank loans
60,000
30,000


60,000
30,000

Amounts falling due 2-5 years

Bank loans
80,000
90,000


80,000
90,000

Amounts falling due after more than 5 years

Bank loans
-
50,000

-
50,000

170,000
200,000



11.


Deferred taxation




2024
2023


£

£






At beginning of year
5,386
8,114


Charged to profit or loss
(5,386)
(2,728)



At end of year
-
5,386

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
5,386

-
5,386

Page 11

 
ESSENTIAL ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



102,190 (2023 - 102,190) 'A' Ordinary Shares shares of £0.10 each
10,219.00
10,219.00
28,998 (2023 - 28,998) 'B' Ordinary Shares shares of £0.10 each
2,899.80
2,899.80
2 (2023 - 2) 'C' Ordinary Shares shares of £0.10 each
0.20
0.20

13,119.00

13,119.00



13.


Reserves

Share premium account

Includes any premiums received on issued share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Capital redemption reserve

Capital redemption reserve records the nominal value of shares repurchased by the company.

Profit and loss account

Includes all current and prior period retained profits and losses.


14.


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 £15,626 (2023: £15,863).
Contributions totalling to £702 (2023: £681) were payable to the fund at the balance sheet date and are included within creditors.


15.


Related party transactions

During the year, consultancy fees of £2,504 (2023: £2,496) were charged to the Company by J Brod, a director of the Company.  


16.


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.

Page 12

 
ESSENTIAL ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

17.


Controlling party

The controlling parties of the company are the directors E Spitzer & D Pitish by virtue of their shareholding.

 
Page 13