IRIS Accounts Production v24.3.2.46 04456335 director 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure044563352023-03-31044563352024-03-31044563352023-04-012024-03-31044563352022-03-31044563352022-04-012023-03-31044563352023-03-3104456335ns16:EnglandWales2023-04-012024-03-3104456335ns15:PoundSterling2023-04-012024-03-3104456335ns11:Director12023-04-012024-03-3104456335ns11:PrivateLimitedCompanyLtd2023-04-012024-03-3104456335ns11:SmallEntities2023-04-012024-03-3104456335ns11:AuditExempt-NoAccountantsReport2023-04-012024-03-3104456335ns11:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104456335ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104456335ns11:FullAccounts2023-04-012024-03-310445633512023-04-012024-03-3104456335ns11:OrdinaryShareClass12023-04-012024-03-3104456335ns11:OrdinaryShareClass22023-04-012024-03-3104456335ns11:RegisteredOffice2023-04-012024-03-3104456335ns6:CurrentFinancialInstruments2024-03-3104456335ns6:CurrentFinancialInstruments2023-03-3104456335ns6:ShareCapital2024-03-3104456335ns6:ShareCapital2023-03-3104456335ns6:SharePremium2024-03-3104456335ns6:SharePremium2023-03-3104456335ns6:RetainedEarningsAccumulatedLosses2024-03-3104456335ns6:RetainedEarningsAccumulatedLosses2023-03-3104456335ns6:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104456335ns6:NetGoodwill2023-03-3104456335ns6:IntangibleAssetsOtherThanGoodwill2023-03-3104456335ns6:NetGoodwill2023-04-012024-03-3104456335ns6:NetGoodwill2024-03-3104456335ns6:IntangibleAssetsOtherThanGoodwill2024-03-3104456335ns6:NetGoodwill2023-03-3104456335ns6:IntangibleAssetsOtherThanGoodwill2023-03-3104456335ns6:PlantMachinery2023-03-3104456335ns6:PlantMachinery2023-04-012024-03-3104456335ns6:PlantMachinery2024-03-3104456335ns6:PlantMachinery2023-03-3104456335ns6:CostValuation2023-03-3104456335ns6:WithinOneYearns6:CurrentFinancialInstruments2024-03-3104456335ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3104456335ns6:WithinOneYear2024-03-3104456335ns6:WithinOneYear2023-03-3104456335ns6:BetweenOneFiveYears2024-03-3104456335ns6:BetweenOneFiveYears2023-03-3104456335ns6:AllPeriods2024-03-3104456335ns6:AllPeriods2023-03-3104456335ns6:DeferredTaxation2023-04-012024-03-3104456335ns6:DeferredTaxation2024-03-3104456335ns11:OrdinaryShareClass12024-03-3104456335ns11:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 04456335 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PREMIUM TOURS LIMITED

PREMIUM TOURS LIMITED (REGISTERED NUMBER: 04456335)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PREMIUM TOURS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: N Wootton





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 04456335 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

PREMIUM TOURS LIMITED (REGISTERED NUMBER: 04456335)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 33,361 54,929
Tangible assets 5 47,095 9,258
Investments 6 1 1
80,457 64,188

CURRENT ASSETS
Debtors 7 3,062,024 2,514,787
Cash at bank and in hand 197,019 53,632
3,259,043 2,568,419
CREDITORS
Amounts falling due within one year 8 2,553,289 2,928,014
NET CURRENT ASSETS/(LIABILITIES) 705,754 (359,595 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

786,211

(295,407

)

PROVISIONS FOR LIABILITIES 10 2,811 -
NET ASSETS/(LIABILITIES) 783,400 (295,407 )

CAPITAL AND RESERVES
Called up share capital 11 194 194
Share premium 69,902 69,902
Retained earnings 713,304 (365,503 )
SHAREHOLDERS' FUNDS 783,400 (295,407 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:



N Wootton - Director


PREMIUM TOURS LIMITED (REGISTERED NUMBER: 04456335)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Premium Tours 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Premium Tours Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
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.

Turnover
Turnover represents revenue from tours and hotel room sales. Revenue is measured as the fair value of the consideration received or receivable excluding Value Added Tax.

Tour related turnover is recognised as income in the period the tour has taken place.

Hotel related income is recognised in the period in which the service was provided.

Intangible assets
Intangible fixed assets under the cost model are stated at historical cost less accumulated amortisation and any accumulated impairment losses.

Amortisation is charged so as to allocate the cost of assets over their estimated useful lives, using the straight-line method.

The estimated useful life range is as follows:

Computer software-25% on cost

The assets' useful lives and amortisation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

PREMIUM TOURS LIMITED (REGISTERED NUMBER: 04456335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Repairs and maintenance are charged to the profit and loss account during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets over their estimated useful lives, using the straight-line method.

The estimated useful life range is as follows:

Plant and machinery-25%, 33% on cost and 25% on reducing balance

The assets' useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the income statement.

Investments in subsidiaries
Investments in subsidiaries are measured at cost less accumulated impairment.

Taxation and deferred 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 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.

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 26 ) .

PREMIUM TOURS LIMITED (REGISTERED NUMBER: 04456335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 210,000 716,694 926,694
AMORTISATION
At 1 April 2023 210,000 661,765 871,765
Charge for year - 21,568 21,568
At 31 March 2024 210,000 683,333 893,333
NET BOOK VALUE
At 31 March 2024 - 33,361 33,361
At 31 March 2023 - 54,929 54,929

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 221,725
Additions 47,126
At 31 March 2024 268,851
DEPRECIATION
At 1 April 2023 212,467
Charge for year 9,289
At 31 March 2024 221,756
NET BOOK VALUE
At 31 March 2024 47,095
At 31 March 2023 9,258

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

PREMIUM TOURS LIMITED (REGISTERED NUMBER: 04456335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,402,454 1,105,370
Other debtors 1,659,570 1,409,417
3,062,024 2,514,787

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 810,507 1,149,908
Taxation and social security 909,754 376,597
Other creditors 833,028 1,401,509
2,553,289 2,928,014

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 179,750 179,750
Between one and five years 119,750 299,500
299,500 479,250

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 2,811 -

Deferred
tax
£   
Provided during year 2,811
Balance at 31 March 2024 2,811

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
97 Ordinary A £1 97 97
97 Ordinary B £1 97 97
194 194

PREMIUM TOURS LIMITED (REGISTERED NUMBER: 04456335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Director
Balance outstanding at start of year 377,733 486,142
Amounts advanced 658,614 1,520,606
Amounts repaid (655,258 ) (1,629,015 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 381,089 377,733

Interest is charged at 2.25% per annum.

13. ULTIMATE CONTROLLING PARTY

N Wootton was the ultimate controlling party during the period under review.