Hove Travel Agency Limited 00619292 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is property rental income. Digita Accounts Production Advanced 6.30.9574.0 true 00619292 2023-11-01 2024-10-31 00619292 2024-10-31 00619292 bus:OrdinaryShareClass1 2024-10-31 00619292 bus:OrdinaryShareClass2 2024-10-31 00619292 core:CurrentFinancialInstruments 2024-10-31 00619292 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 00619292 core:FurnitureFittingsToolsEquipment 2024-10-31 00619292 bus:SmallEntities 2023-11-01 2024-10-31 00619292 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 00619292 bus:FilletedAccounts 2023-11-01 2024-10-31 00619292 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 00619292 bus:RegisteredOffice 2023-11-01 2024-10-31 00619292 bus:CompanySecretaryDirector1 2023-11-01 2024-10-31 00619292 bus:Director2 2023-11-01 2024-10-31 00619292 bus:Director3 2023-11-01 2024-10-31 00619292 bus:Director4 2023-11-01 2024-10-31 00619292 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 00619292 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-11-01 2024-10-31 00619292 bus:OrdinaryShareClass2 2023-11-01 2024-10-31 00619292 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 00619292 core:FurnitureFittings 2023-11-01 2024-10-31 00619292 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 00619292 countries:EnglandWales 2023-11-01 2024-10-31 00619292 2023-10-31 00619292 core:FurnitureFittingsToolsEquipment 2023-10-31 00619292 2022-11-01 2023-10-31 00619292 2023-10-31 00619292 bus:OrdinaryShareClass1 2023-10-31 00619292 bus:OrdinaryShareClass2 2023-10-31 00619292 core:CurrentFinancialInstruments 2023-10-31 00619292 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 00619292 core:FurnitureFittingsToolsEquipment 2023-10-31 00619292 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00619292

Hove Travel Agency Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Hove Travel Agency Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Hove Travel Agency Limited

Company Information

Directors

PA Hayes

F F Hayes

GM Hayes

C Scutcher

Company secretary

PA Hayes

Registered office

Maria House
35 Millers Road
Brighton
BN1 5NP

Accountants

Chisnall Comer Ismail & Co
Chartered Accountants
Maria House
35 Millers Road
Brighton
BN1 5NP

 

Hove Travel Agency Limited

(Registration number: 00619292)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

299

341

Investment property

5

1,099,000

1,099,000

Investments

6

12,585

12,585

 

1,111,884

1,111,926

Current assets

 

Debtors

7

4,954

8,401

Cash at bank and in hand

 

30,569

21,709

 

35,523

30,110

Creditors: Amounts falling due within one year

8

(38,178)

(29,653)

Net current (liabilities)/assets

 

(2,655)

457

Net assets

 

1,109,229

1,112,383

Capital and reserves

 

Called up share capital

10

71,000

71,000

Other reserves

973,120

973,120

Retained earnings

65,109

68,263

Shareholders' funds

 

1,109,229

1,112,383

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Hove Travel Agency Limited

(Registration number: 00619292)
Balance Sheet as at 31 October 2024

Approved and authorised by the Board on 17 March 2025 and signed on its behalf by:



 

.........................................

PA Hayes

Company secretary and director

 

Hove Travel Agency Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Maria House
35 Millers Road
Brighton
BN1 5NP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Hove Travel Agency Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Hove Travel Agency Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Hove Travel Agency Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

6,420

6,420

At 31 October 2024

6,420

6,420

Depreciation

At 1 November 2023

6,079

6,079

Charge for the year

42

42

At 31 October 2024

6,121

6,121

Carrying amount

At 31 October 2024

299

299

At 31 October 2023

341

341

5

Investment properties

2024
£

At 1 November

1,099,000

At 31 October

1,099,000

6

Investments

2024
£

2023
£

Other investments

12,585

12,585

7

Debtors

Current

2024
£

2023
£

Trade debtors

1,454

1,901

Other debtors

3,500

6,500

 

4,954

8,401

8

Creditors

Creditors: amounts falling due within one year

 

Hove Travel Agency Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

2024
£

2023
£

Due within one year

Taxation and social security

13,267

11,259

Accruals and deferred income

15,313

12,079

Other creditors

9,598

6,315

38,178

29,653

Creditors: amounts falling due after more than one year

2024
£

2023
£

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £0.7817 per each Ordinary

34,000

55,500

 

 

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

51,004

51,004

51,004

51,004

Ordinary A of £1 each

19,996

19,996

19,996

19,996

71,000

71,000

71,000

71,000