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REGISTERED NUMBER: 14376071 (England and Wales)


Holiday Best Limited

Abridged Financial Statements

for the Year Ended 30 September 2024






Holiday Best Limited (Registered number: 14376071)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Holiday Best Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: Mr R Akpinar
Mr H Kavalci





SECRETARY:





REGISTERED OFFICE: King House
101-135 Kings Road
Brentwood
CM14 4DR





REGISTERED NUMBER: 14376071 (England and Wales)





AUDITORS: Alton & Co
Chartered Accountants
& Statutory Auditors
239-241 Kennington Lane
London
SE11 5QU

Holiday Best Limited (Registered number: 14376071)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,095 21,470

CURRENT ASSETS
Debtors 5 354,589 2,362,054
Cash at bank and in hand 2,727,607 2,739,979
3,082,196 5,102,033
CREDITORS
Amounts falling due within one year 6 1,547,564 2,433,270
NET CURRENT ASSETS 1,534,632 2,668,763
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,546,727

2,690,233

CAPITAL AND RESERVES
Called up share capital 7 4,000,000 4,000,000
Retained earnings 8 (2,453,273 ) (1,309,767 )
SHAREHOLDERS' FUNDS 1,546,727 2,690,233

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

All the members have consented to the preparation of an abridged Income Statement for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





Mr H Kavalci - Director


Holiday Best Limited (Registered number: 14376071)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Holiday Best 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from the ordinary activities of the company and is recognised by travel date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Computer equipment - 33% on cost

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 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.

Holiday Best Limited (Registered number: 14376071)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 18 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 3,218 25,333 28,551
DEPRECIATION
At 1 October 2023 624 6,457 7,081
Charge for year 738 8,637 9,375
At 30 September 2024 1,362 15,094 16,456
NET BOOK VALUE
At 30 September 2024 1,856 10,239 12,095
At 30 September 2023 2,594 18,876 21,470

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 145,999 54,675
Bond deposits 50,000 50,000
Loan Account - Longitour 629 2,401
Aviate deposit 20,000 20,000
Rent deposits 40,000 40,000
Amounts recoverable on contract 5,335 -
Holdback deposits 26,230 1,670
Holiday Best - UAE 118 -
VAT 22,969 79,697
Prepayments 43,309 2,113,611
354,589 2,362,054

Holiday Best Limited (Registered number: 14376071)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,173,749 2,038,602
Social security and other taxes 12,594 13,510
Pensions control account - 3,291
Loan account - SelectTouristik 350,596 369,367
Accrued expenses 10,625 8,500
1,547,564 2,433,270

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,000,000 Ordinary £1 4,000,000 4,000,000

8. RESERVES
Retained
earnings
£   

At 1 October 2023 (1,309,767 )
Deficit for the year (1,143,506 )
At 30 September 2024 (2,453,273 )

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

The Report of the Auditors was unqualified.

Mr Altan Kemal FCA , FCCA (Senior Statutory Auditor)
for and on behalf of Alton & Co

10. RELATED PARTY DISCLOSURES

Companies under common control

£
Transfer from related party 369,367
Transfer to related party (18,771 )
Balance due to related party at the balance Sheet date 350,596


11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R Akpinar.