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REGISTERED NUMBER: 03941794 (England and Wales)












Financial Statements for the Year Ended 30 September 2024

for

Minerva Private Travel Ltd

Minerva Private Travel Ltd (Registered number: 03941794)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Minerva Private Travel Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Miss A J Teale





SECRETARY: Mrs M L Teale





REGISTERED OFFICE: Flat 1 Half Moon Yard
63 Portsmouth Road
Cobham
Surrey
KT11 1JQ





REGISTERED NUMBER: 03941794 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Unit 4D, Lansbury Business Estate
102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP

Minerva Private Travel Ltd (Registered number: 03941794)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 207,719 195,954

CURRENT ASSETS
Inventories 37,415 2,750
Debtors 5 1,508,759 1,192,038
Investments 6 1 -
Cash at bank 234,538 233,368
1,780,713 1,428,156
CREDITORS
Amounts falling due within one year 7 (1,346,269 ) (1,260,663 )
NET CURRENT ASSETS 434,444 167,493
TOTAL ASSETS LESS CURRENT LIABILITIES 642,163 363,447

CREDITORS
Amounts falling due after more than one
year

8

(551,006

)

(286,642

)

PROVISIONS FOR LIABILITIES (32,352 ) (32,946 )
NET ASSETS 58,805 43,859

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings 43,805 28,859
SHAREHOLDERS' FUNDS 58,805 43,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Minerva Private Travel Ltd (Registered number: 03941794)

Balance Sheet - continued
30 September 2024


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 13 March 2025 and were signed by:





Miss A J Teale - Director


Minerva Private Travel Ltd (Registered number: 03941794)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Minerva Private Travel Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
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.

Pension costs and other post-retirement benefits
The costs of providing pensions for the company's director is taken into account in arriving at the operating profit, in the year during which the company derives benefit from the director's services.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Minerva Private Travel Ltd (Registered number: 03941794)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. PROPERTY, PLANT AND EQUIPMENT
Office Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 14,605 266,089 23,595 304,289
Additions - 129,389 2,482 131,871
Disposals - (65,517 ) (17,054 ) (82,571 )
At 30 September 2024 14,605 329,961 9,023 353,589
DEPRECIATION
At 1 October 2023 8,800 79,616 19,919 108,335
Charge for year 1,274 66,681 3,013 70,968
Eliminated on disposal - (16,379 ) (17,054 ) (33,433 )
At 30 September 2024 10,074 129,918 5,878 145,870
NET BOOK VALUE
At 30 September 2024 4,531 200,043 3,145 207,719
At 30 September 2023 5,805 186,473 3,676 195,954

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 749,678 372,679
Other debtors 759,081 819,359
1,508,759 1,192,038

6. CURRENT ASSET INVESTMENTS
30.9.24 30.9.23
£    £   
Shares in group undertakings 1 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 35,000 35,000
Hire purchase contracts 48,651 42,596
Trade creditors 748,286 812,243
Taxation and social security 52,680 22,774
Other creditors 461,652 348,050
1,346,269 1,260,663

Minerva Private Travel Ltd (Registered number: 03941794)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 49,583 84,583
Hire purchase contracts 216,423 202,059
Other creditors 285,000 -
551,006 286,642

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Miss A J Teale
Balance outstanding at start of year 33,389 132,475
Amounts advanced 114,304 -
Amounts repaid - (99,086 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 147,693 33,389