REGISTERED NUMBER: |
NOTSALLOW 134 LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
REGISTERED NUMBER: |
NOTSALLOW 134 LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
NOTSALLOW 134 LIMITED (REGISTERED NUMBER: 04123898) |
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 | 3 |
NOTSALLOW 134 LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
INDEPENDENT AUDITORS: |
Chartered Accountants and |
Statutory Auditor |
21 Lodge Lane |
Grays |
Essex |
RM17 5RY |
NOTSALLOW 134 LIMITED (REGISTERED NUMBER: 04123898) |
STATEMENT OF FINANCIAL POSITION |
30 APRIL 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
NOTSALLOW 134 LIMITED (REGISTERED NUMBER: 04123898) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | STATUTORY INFORMATION |
Notsallow 134 Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
NOTSALLOW 134 LIMITED (REGISTERED NUMBER: 04123898) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 May 2023 |
Additions |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
Name |
Principal Activity |
Class of shares |
Holding |
Vertical Systems Limited | Software development for travel industry |
Ordinary | 100% |
Yourholidaybooking.com | Provision of travel agency |
Ordinary | 100% |
MI Telecom Limited | Communications provider |
Ordinary | 60% |
Your Hotel Integration (Contracts) Limited | Accomodation provider to the travel trade |
Ordinary | 95% |
Cityscheme Limited | Provision of information technology services |
Ordinary | 100% |
Vertical Travel Limited | Provision of travel agency |
Ordinary | 100% |
Villas for Travel Limited | Provision of villa bookings |
Ordinary | 38% |
Holiday Elite Limited | Accomodation provider to the travel trade |
Ordinary | 100% |
T.A.R.S.C. Limited | Dormant company | Ordinary | 100% |
BookNGo Limited | Dormant company | Ordinary | 100% |
Instant Breaks | Provision of travel agency |
Ordinary | 100% |
Luxury in the Med Limited | Provision of travel agency |
Ordinary | 100% |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
NOTSALLOW 134 LIMITED (REGISTERED NUMBER: 04123898) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Amounts owed to group undertakings |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Transactions with companies not wholly owned by the group are as follows: |
At the year end the Company was owed £67,500 (2023: £67,500) by MI Telecom Limited, a company not wholly owned by the group. During the year dividends totalling £120,000 (2023: £140,000) were received from MI Telecom Limited. |
9. | ULTIMATE CONTROLLING PARTY |
The company's ultimate controlling party is P.L. Healey by virtue of his shareholdings in Vertical Group Limited which in turn owns all the shares in issue for this company. |