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REGISTERED NUMBER: 12185599 (England and Wales)













Financial Statements

For The Year Ended 30 September 2024

for

Star Travel-Uk Ltd

Star Travel-Uk Ltd (Registered number: 12185599)






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Star Travel-Uk Ltd

Company Information
For The Year Ended 30 September 2024







DIRECTORS: M E Ohanessian
Mrs I T Zaharieva





REGISTERED OFFICE: Golden Cross House
8 Duncannon Street
LONDON
WC2N 4JF





REGISTERED NUMBER: 12185599 (England and Wales)





ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

Star Travel-Uk Ltd (Registered number: 12185599)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,000
Tangible assets 5 255 342
255 7,342

CURRENT ASSETS
Debtors 6 1,220,171 1,500,090
Cash at bank 652,505 452,054
1,872,676 1,952,144
CREDITORS
Amounts falling due within one year 7 1,370,787 1,611,546
NET CURRENT ASSETS 501,889 340,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

502,144

347,940

CREDITORS
Amounts falling due after more than
one year

8

6,667

16,667
NET ASSETS 495,477 331,273

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings 345,477 181,273
495,477 331,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Star Travel-Uk Ltd (Registered number: 12185599)

Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by:





M E Ohanessian - Director


Star Travel-Uk Ltd (Registered number: 12185599)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Star Travel-Uk Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 15% on reducing balance

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measures at the present value of future payments, discounted at a market rate of interest.

Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.


Star Travel-Uk Ltd (Registered number: 12185599)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 35,000
AMORTISATION
At 1 October 2023 28,000
Charge for year 7,000
At 30 September 2024 35,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 7,000

Star Travel-Uk Ltd (Registered number: 12185599)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 558 1,763 2,321
DEPRECIATION
At 1 October 2023 258 1,721 1,979
Charge for year 45 42 87
At 30 September 2024 303 1,763 2,066
NET BOOK VALUE
At 30 September 2024 255 - 255
At 30 September 2023 300 42 342

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 100,000 100,000
Loan - Latin Link 42,725 -
VAT 380 -
Prepayments 1,077,066 1,400,090
1,220,171 1,500,090

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 36,968 -
Trade creditors - 2,105
Tax 109,741 55,275
Social security and other taxes - 1,579
VAT - 232
Directors' current accounts 51,817 42,276
Accruals and deferred income 1,162,261 1,500,079
1,370,787 1,611,546

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,667 16,667

Star Travel-Uk Ltd (Registered number: 12185599)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

9. RELATED PARTY DISCLOSURES

Included within creditors is amounts owed to directors of £51,817 (2023: £42,277). This loan is unsecured and interest free.

Included within debtors is an intercompany loan to Latin Link of £42,725 (2023: NIL). M E Ohanessian is a director of both companies.