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Registered number: 06129488


HOLIDAY CONSULTANTS.COM LTD
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024

 
HOLIDAY CONSULTANTS.COM LTD
 
 
COMPANY INFORMATION


Director
H Singh-Sangha 




Registered number
06129488



Registered office
2 Chitty Street

London

W1T 4AP




Independent auditors
Xeinadin Audit Limited
Chartered Accountants & Statutory Auditor

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD





 
HOLIDAY CONSULTANTS.COM LTD
 

CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 7

 
HOLIDAY CONSULTANTS.COM LTD
REGISTERED NUMBER: 06129488

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
1,452,956
253,986

Cash at bank and in hand
  
2,018,025
3,349,415

  
3,470,981
3,603,401

Creditors: amounts falling due within one year
 6 
(1,339,045)
(1,392,089)

Net current assets
  
 
 
2,131,936
 
 
2,211,312

Total assets less current liabilities
  
2,131,936
2,211,312

Creditors: amounts falling due after more than one year
 7 
(116,014)
(166,014)

  

Net assets
  
2,015,922
2,045,298


Capital and reserves
  

Called up share capital 
 9 
40,100
40,100

Profit and loss account
  
1,975,822
2,005,198

  
2,015,922
2,045,298


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


H Singh-Sangha
Director

Date: 4 September 2024

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
HOLIDAY CONSULTANTS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Holiday Consultants.com Ltd is a private company limited by shares registered in England and Wales, United Kingdom.  The address of the registered office is 2 Chitty Street, London, W1T 4AP.
The principal activity of the Company continued to be that of the provision of VIP travel and concierge services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

  
2.2

Revenue

Revenue represents amounts receivable from the sales of flights and other travel related services supplied to customers net of Value Added Tax.  The total revenue of the Company for the year has been derived from it's principal activity wholly undertaken in the United Kingdom. Income is recognised on a booking date basis.

 
2.3

Foreign currency translation

Functional and presentation currency

These financial statements are presented in pound sterling, which is the Company's functional
currency. All amounts have been rounded to the nearest pound, unless otherwise indicated.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
HOLIDAY CONSULTANTS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

Page 3

 
HOLIDAY CONSULTANTS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are recognised to be relevant. Actual results may differ from these estimates. These estimates include depreciation of tangible fixed assets, and amortisation of intangible  fixed assets.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


5.


Debtors

2024
2023
£
£


Trade debtors
44,429
-

Amounts owed by connected companies
1,173,533
150,753

Other debtors
230,499
98,738

Prepayments and accrued income
4,495
4,495

1,452,956
253,986


Page 4

 
HOLIDAY CONSULTANTS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
50,000
50,000

Trade creditors
540,412
499,265

Other creditors
652,867
749,225

Accruals and deferred income
95,766
93,599

1,339,045
1,392,089


At the year end, the company had an outstanding BSP liability of £373,133 (2023: £392,610).


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
116,014
166,014

116,014
166,014


Page 5

 
HOLIDAY CONSULTANTS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
50,000
50,000


50,000
50,000

Amounts falling due 1-2 years

Bank loans
50,000
50,000


50,000
50,000

Amounts falling due 2-5 years

Bank loans
66,014
116,014


66,014
116,014


166,014
216,014


The company secured a loan of £250,000 through a Coronavirus Business Interruption Loan scheme. The loan is guaranteed by the UK government. 


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



40,100 (2023 - 40,100) Ordinary shares shares of £1.00 each
40,100
40,100


Page 6

 
HOLIDAY CONSULTANTS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Contingent liabilities and Regulatory Requirements

The company currently holds an Air Travel Organisers' License (ATOL) issued by the Civil Aviation Authority (CAA) and is an accredited agent of the International Air Transport Association (IATA). 
In order to offer air inclusive package holidays, the company requires the annual renewal by the CAA of its ATOL licence. The CAA grants this license on the basis of meeting agreed financial criteria and renews this in September (effective 1st October) each year. The company has complied with these requirements in previous years. The directors see no reason why the ATOL license will not be renewed in September 2024 on substantially the same terms and conditions as currently agreed with the CAA.
 The company complies with the financial criteria requirements of IATA.
As at 31 March 2024 there were no material contingent liabilities.


11.


Related party transactions

During the year the company had net transactions amounting to £1,173,533 (2023:£150,753) with  companies under common control.
The balances owed from these companies at the year end were £1,173,533 (2023:£150,753).


12.


Controlling party

The company is controlled by one director who owns 100% of the shares.


13.


Auditors' information

The auditors' report on the financial statements for the year ended 30 April 2024 was unqualified.

The audit report was signed on 4 September 2024 by Yasin Khandwalla FCCA (Senior Statutory Auditor) on behalf of Xeinadin Audit Limited.

 
Page 7