Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302truetruetruetruetrue2023-05-01falseTravel agent activities3truefalse 12901809 2023-05-01 2024-04-30 12901809 2022-05-01 2023-04-30 12901809 2024-04-30 12901809 2023-04-30 12901809 c:Director1 2023-05-01 2024-04-30 12901809 d:CurrentFinancialInstruments 2024-04-30 12901809 d:CurrentFinancialInstruments 2023-04-30 12901809 d:Non-currentFinancialInstruments 2024-04-30 12901809 d:Non-currentFinancialInstruments 2023-04-30 12901809 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 12901809 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 12901809 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 12901809 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 12901809 d:ShareCapital 2024-04-30 12901809 d:ShareCapital 2023-04-30 12901809 d:RetainedEarningsAccumulatedLosses 2024-04-30 12901809 d:RetainedEarningsAccumulatedLosses 2023-04-30 12901809 c:FRS102 2023-05-01 2024-04-30 12901809 c:Audited 2023-05-01 2024-04-30 12901809 c:FullAccounts 2023-05-01 2024-04-30 12901809 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12901809 c:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12901809 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 12901809










GREAT VALUE HOLIDAYS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
GREAT VALUE HOLIDAYS LIMITED
REGISTERED NUMBER: 12901809

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
647
1

Cash at bank and in hand
 5 
12,538
84,067

  
13,185
84,068

Creditors: amounts falling due within one year
 6 
(31,977)
(33,896)

Net current (liabilities)/assets
  
 
 
(18,792)
 
 
50,172

Total assets less current liabilities
  
(18,792)
50,172

Creditors: amounts falling due after more than one year
  
(699,515)
(444,250)

  

Net liabilities
  
(718,307)
(394,078)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(718,308)
(394,079)

  
(718,307)
(394,078)


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: 




B Block
Director

Date: 4 March 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
GREAT VALUE HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Great Value Holidays Limited ("the company") is a private company limited by its shares, and is registered, domiciled and incorporated in England and Wales, United Kingdom. The principal activity is that of a travel agent.
The address of the registered office is 27 Old Gloucester St Old Gloucester Street, Holborn, London, England, WC1N 3AX.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of 6GTravel Inc as at 30 April 2024 and these financial statements may be obtained from 250 Merrick Rd, PO Box 738Rockville Centre, NY  11570.

 
2.3

Going concern

6GTravel Inc. the USA based ultimate parent entity, has committed to provide ongoing support to allow the company to meet its liabilities as they fall due for a period of not less than 12 months from the date these accounts are signed, for so long as Great Value Holidays Limited remains a wholly owned subsidiary of 6GTravel Inc. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Page 2

 
GREAT VALUE HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

 
2.5

Revenue

Revenue represents fees and commissions earned in respect of holidays taken during the year and is shown net of VAT where applicable. The Company acts solely as a booking agent and accordingly its commission and fees are presented on a net basis and are recognised once a booking is placed by the client. Cancellation income is recognised at the date of cancellation.

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).

Page 3

 
GREAT VALUE HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Debtors

2024
2023
£
£


Other debtors
646
-

Called up share capital not paid
1
1

647
1



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12,538
84,067

12,538
84,067



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
20,862
26,927

Other taxation and social security
11,115
6,969

31,977
33,896



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
699,515
444,250

699,515
444,250



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to fund and amounted to £2,929 (2023: £2,334). Contributions totalling £Nil (2023: £Nil) were payable to the fund at the reporting date.

Page 4

 
GREAT VALUE HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Related party transactions

The Company has taken the exemption available to not disclose transactions within the year.


10.


Controlling party

At the start of the financial year, the Company was controlled by Travelsmart Holdings Limited, by virtue of its 100% shareholding. During the financial year, the Company was acquired by 6GTravel Inc, who now own 100% of the company's shareholding and are the current controlling party.


11.


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 March 2025 by Alexander Wall ACA (Senior statutory auditor) on behalf of Xeinadin Audit Limited.

 
Page 5