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REGISTERED NUMBER: 03517900 (England and Wales)
















YOUR HOTEL INTEGRATION (CONTRACTS)
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






YOUR HOTEL INTEGRATION (CONTRACTS)
LIMITED (REGISTERED NUMBER: 03517900)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


YOUR HOTEL INTEGRATION (CONTRACTS)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P.L. Healey
Mrs Y. Leslie





REGISTERED OFFICE: 14 Hemmells
Laindon
Basildon
Essex
SS15 6ED





REGISTERED NUMBER: 03517900 (England and Wales)





INDEPENDENT AUDITORS: CR Bland Baker Limited
Chartered Accountants and
Statutory Auditor
21 Lodge Lane
Grays
Essex
RM17 5RY

YOUR HOTEL INTEGRATION (CONTRACTS)
LIMITED (REGISTERED NUMBER: 03517900)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 989 3,448
Investments 5 996 996
1,985 4,444

CURRENT ASSETS
Debtors 6 5,427,959 5,069,405
Cash at bank 343,583 37,307
5,771,542 5,106,712
CREDITORS
Amounts falling due within one year 7 5,817,484 5,095,989
NET CURRENT (LIABILITIES)/ASSETS (45,942 ) 10,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

(43,957

)

15,167

CREDITORS
Amounts falling due after more than one
year

8

58,333

108,333
NET LIABILITIES (102,290 ) (93,166 )

CAPITAL AND RESERVES
Called up share capital 120 100
Retained earnings (102,410 ) (93,266 )
(102,290 ) (93,166 )

YOUR HOTEL INTEGRATION (CONTRACTS)
LIMITED (REGISTERED NUMBER: 03517900)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





P.L. Healey - Director


YOUR HOTEL INTEGRATION (CONTRACTS)
LIMITED (REGISTERED NUMBER: 03517900)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Your Hotel Integration (Contracts) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The directors have undertaken a review of the business and the Group, and have a reasonable expectation that the Group, and therefore the Company, has adequate resources to continue to be operational for a period of 12 months from the date of approval of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements for the year ended 30 April 2024.

Turnover
Sales are recongnised on the date the holiday is booked, any subsequent changes or cancellations are adjusted on the date that the change occurs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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 statement of financial position date.


YOUR HOTEL INTEGRATION (CONTRACTS)
LIMITED (REGISTERED NUMBER: 03517900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 18,547
Additions 333
At 30 April 2024 18,880
DEPRECIATION
At 1 May 2023 15,099
Charge for year 2,792
At 30 April 2024 17,891
NET BOOK VALUE
At 30 April 2024 989
At 30 April 2023 3,448

YOUR HOTEL INTEGRATION (CONTRACTS)
LIMITED (REGISTERED NUMBER: 03517900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 996
NET BOOK VALUE
At 30 April 2024 996
At 30 April 2023 996

Subsidiary undertakings

The following is a subsidiary undertakings of the Company:


Name
Class
ofshares

Holding
Villas For Travel Limited Ordinary 38%

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,489,185 4,109,852
Amounts owed by group undertakings 890,517 857,085
Other debtors 48,257 102,468
5,427,959 5,069,405

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 4,621,745 4,430,921
Amounts owed to group undertakings 1,101,722 556,807
Taxation and social security 2,114 4,949
Other creditors 41,903 53,312
5,817,484 5,095,989

YOUR HOTEL INTEGRATION (CONTRACTS)
LIMITED (REGISTERED NUMBER: 03517900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 58,333 108,333

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 108,333 158,333

The company's bankers have a fixed and floating charge over the assets of the company.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven James Garrod FCA (Senior Statutory Auditor)
for and on behalf of CR Bland Baker Limited

11. RELATED PARTY DISCLOSURES

As the Company is a wholly owned subsidiary of Notsallow 134 Limited the Company has taken advantage of the exemption in FRS102 disclosure 33.1A and has therefore not disclosed transactions or balances with other wholly-owned subsidiaries which form part of the group headed by Vertical Group Limited.

Transactions with companies not wholly owned by the group are as follows:

As at 30 April 2024 the Company was due £53,606 (2023: £53,606) from MI Telecom Limited a company controlled by Notsallow 134 Limited (the parent company), by virtue of 60% ownership.

As at 30 April 2024 the Company owed £4,432 (2023: £4,432) to Villas For Travel Limited a company in which 38% of the shares are owned.

During the year the Company made sales of £nil (2023: £5,924,735) to and purchases of £nil (2023: £127,000) from Verticalbeds Marketing DWC-LLC, a company under common control. Included in trade debtors at 30 April 2024 were balances of £146,980 (2023: £4,067,137)

During the year website fees totalling £107,616 (2023: £101,016) were paid to Representation Media Limited, a company controlled by the daughter of one of the directors. Included in Trade creditors at 30 April 2024 was a balance of £21,523 (2023 - £19,602).

YOUR HOTEL INTEGRATION (CONTRACTS)
LIMITED (REGISTERED NUMBER: 03517900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

12. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking of this company as at the year end 30 April 2024 was Vertical Group Limited which is incorporated and registered in England and Wales.

The parent undertaking and controlling party of this company is Notsallow 134 Limited which is incorporated and registered in England and Wales. The largest and smallest group of undertakings which include this Company and for which consolidated accounts have been drawn up is that headed by Vertical Group Limited.

The consolidated financial statements, within which this Company is included, can be obtained from 14 Hemmells, Laindon, Basildon, Essex, SS15 6ED. This is also the registered office address of Vertical Group Limited.

The ultimate controlling party is Peter Healey.