REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2024 |
FOR |
THE TRAVEL DESIGN COMPANY LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2024 |
FOR |
THE TRAVEL DESIGN COMPANY LTD |
THE TRAVEL DESIGN COMPANY LTD (REGISTERED NUMBER: 03672278) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 NOVEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
THE TRAVEL DESIGN COMPANY LTD |
COMPANY INFORMATION |
for the year ended 30 NOVEMBER 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
1 High Street |
Thatcham |
Berks |
RG19 3JG |
THE TRAVEL DESIGN COMPANY LTD (REGISTERED NUMBER: 03672278) |
BALANCE SHEET |
30 NOVEMBER 2024 |
30.11.24 | 30.11.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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. |
THE TRAVEL DESIGN COMPANY LTD (REGISTERED NUMBER: 03672278) |
BALANCE SHEET - continued |
30 NOVEMBER 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
THE TRAVEL DESIGN COMPANY LTD (REGISTERED NUMBER: 03672278) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 NOVEMBER 2024 |
1. | STATUTORY INFORMATION |
The Travel Design Company Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 December 2023 |
and 30 November 2024 |
NET BOOK VALUE |
At 30 November 2024 |
At 30 November 2023 |
THE TRAVEL DESIGN COMPANY LTD (REGISTERED NUMBER: 03672278) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 NOVEMBER 2024 |
4. | FIXED ASSET INVESTMENTS - continued |
The investment held is a subsidiary which is dormant. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.24 | 30.11.23 |
£ | £ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.24 | 30.11.23 |
£ | £ |
Amounts owed to group undertakings |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.11.24 | 30.11.23 |
£ | £ |
Other creditors |
Long term other creditors consists of a £20,000 (2023: 20,000) loan from A Dean, a director, which is subordinated to the CAA. |
8. | CONTINGENT LIABILITIES |
9. | RELATED PARTY DISCLOSURES |
During the year the company made sales to the Directors totalling £4,339 (2023 : £16,073). The sales were made on an arms length basis. At the year end there was a trade debtor of £Nil (2023: £9,250) due from the directors. At the year end there was a directors loan balance of £2,398 (2023: £2,498) owed to A Dean and a subordinated directors loan of £20,000 (2023: £20,000). |
At the balance sheet date a balance of £200 (2023: £200) was due to Little People Big Adventures, a wholly owned subsidiary of the company. |
10. | ULTIMATE CONTROLLING PARTY |
11. | BALANCE SHEET POSITION |
The Company's liabilities exceed its assets by £9,590. The amount due to A Dean, a director, at the Balance Sheet date was £22,398. This being the case, the directors are confident that the company can meet all of its financial obligations into the foreseeable future. |