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REGISTERED NUMBER: 05898387 (England and Wales)
















HOLIDAY ELITE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






HOLIDAY ELITE LIMITED (REGISTERED NUMBER: 05898387)






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


HOLIDAY ELITE 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: 05898387 (England and Wales)





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

HOLIDAY ELITE LIMITED (REGISTERED NUMBER: 05898387)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 584 1,157

CURRENT ASSETS
Debtors 5 1,658,315 1,143,634
Cash at bank and in hand 76,431 9,665
1,734,746 1,153,299
CREDITORS
Amounts falling due within one year 6 915,887 455,909
NET CURRENT ASSETS 818,859 697,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

819,443

698,547

CREDITORS
Amounts falling due after more than one
year

7

11,665

21,667
NET ASSETS 807,778 676,880

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 29,999 29,999
Retained earnings 777,777 646,879
807,778 676,880

HOLIDAY ELITE LIMITED (REGISTERED NUMBER: 05898387)

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


HOLIDAY ELITE LIMITED (REGISTERED NUMBER: 05898387)

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

1. STATUTORY INFORMATION

Holiday Elite 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
Commissions received are recognised in the month the holiday is booked, any subsequent changes or
cancellations are adjusted for in the month 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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.


HOLIDAY ELITE LIMITED (REGISTERED NUMBER: 05898387)

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.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 6,382 49,517 55,899
DEPRECIATION
At 1 May 2023 6,382 48,360 54,742
Charge for year - 573 573
At 30 April 2024 6,382 48,933 55,315
NET BOOK VALUE
At 30 April 2024 - 584 584
At 30 April 2023 - 1,157 1,157

HOLIDAY ELITE LIMITED (REGISTERED NUMBER: 05898387)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,960 -
Amounts owed by group undertakings 1,413,986 965,486
Other debtors 219,369 178,148
1,658,315 1,143,634

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,002 10,000
Trade creditors 224,678 119,929
Amounts owed to group undertakings 200,980 36,314
Taxation and social security 234,658 128,719
Other creditors 245,569 160,947
915,887 455,909

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 11,665 21,667

8. SECURED DEBTS

The company bankers have an unlimited debenture incorporating a fixed and floating charge over the company assets.

The bankers also have Omnibus Guarantee and set-off arrangements with other companies in the group, to include YourHolidayBooking.com Limited, Vertical Systems Limited and Your Hotel Integration (Contracts) Limited.

9. 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

HOLIDAY ELITE LIMITED (REGISTERED NUMBER: 05898387)

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

10. RELATED PARTY DISCLOSURES

The company is fully owned by Notsallow 134 Limited and the group is headed by Vertical Group Limited.The company has take the exemptions under the section 33.1A of FRS102 not to disclose transactions between parent and subsidiary.

Transactions with other group companies are as follows:

During the year purchases of £7,099 (2023: £7,905) were made from MI Telecom Ltd, a fellow subsidiary of Notsallow 134 Limited.

11. ULTIMATE CONTROLLING PARTY

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

The immediate parent undertaking and controlling party 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 address where these accounts can be found is also the registered address of the parent company: 14 Hemmells, Laindon, Basildon, Essex, SS15 6ED.

The ultimate controlling party is P L Healey.