Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30The principal activity of the company continued to be that of an aviation and tourism management agency.7false2023-07-017truetruefalse 12979553 2023-07-01 2024-06-30 12979553 2022-07-01 2023-06-30 12979553 2024-06-30 12979553 2023-06-30 12979553 c:Director1 2023-07-01 2024-06-30 12979553 d:CurrentFinancialInstruments 2024-06-30 12979553 d:CurrentFinancialInstruments 2023-06-30 12979553 d:Non-currentFinancialInstruments 2024-06-30 12979553 d:Non-currentFinancialInstruments 2023-06-30 12979553 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12979553 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12979553 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 12979553 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 12979553 d:ShareCapital 2024-06-30 12979553 d:ShareCapital 2023-06-30 12979553 d:RetainedEarningsAccumulatedLosses 2024-06-30 12979553 d:RetainedEarningsAccumulatedLosses 2023-06-30 12979553 c:FRS102 2023-07-01 2024-06-30 12979553 c:Audited 2023-07-01 2024-06-30 12979553 c:FullAccounts 2023-07-01 2024-06-30 12979553 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12979553 c:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12979553 2 2023-07-01 2024-06-30 12979553 6 2023-07-01 2024-06-30 12979553 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 12979553









WORLDWIDE AVIATION AND TOURISM LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
WORLDWIDE AVIATION AND TOURISM LIMITED
REGISTERED NUMBER: 12979553

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
307,155
-

  
307,155
-

Current assets
  

Debtors: amounts falling due within one year
 5 
157,095
148,190

Cash at bank and in hand
  
1,373,918
1,358,836

  
1,531,013
1,507,026

Creditors: amounts falling due within one year
 6 
(215,651)
(237,880)

Net current assets
  
 
 
1,315,362
 
 
1,269,146

Total assets less current liabilities
  
1,622,517
1,269,146

Creditors: amounts falling due after more than one year
 7 
-
(210,000)

  

Net assets
  
1,622,517
1,059,146


Capital and reserves
  

Called up share capital 
  
20,000
20,000

Profit and loss account
  
1,602,517
1,039,146

  
1,622,517
1,059,146


Page 1

 
WORLDWIDE AVIATION AND TOURISM LIMITED
REGISTERED NUMBER: 12979553
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

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 on 3 March 2025.




Kabir Singh Bahia
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WORLDWIDE AVIATION AND TOURISM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Worldwide Aviation and Tourism Limited is a private company limited by shares and incorporated in England and Wales. The company's registered number and registered office can be found on the Company Information page. 

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

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 payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
WORLDWIDE AVIATION AND TOURISM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.6

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

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.

 
2.8

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.

 
2.9

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 7 (2023 - 7).

Page 4

 
WORLDWIDE AVIATION AND TOURISM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Fixed asset investments





Listed investments

£



Cost or valuation


Additions
309,534


Revaluations
(2,379)



At 30 June 2024
307,155





5.


Debtors

2024
2023
£
£


Trade debtors
149,664
145,472

Other debtors
7,431
2,718

157,095
148,190



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
9,850
16,421

Other creditors
205,801
221,459

215,651
237,880



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
-
210,000

-
210,000


Page 5

 
WORLDWIDE AVIATION AND TOURISM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Controlling party

There is no ultimate controlling party.


9.


Fixed charge over bank account

On 16 June 2022 a fixed charge was created and registered at UK Companies House over a Company bank account containing £60,000 to secure the Company’s bankers in relation to a letter of guarantee, for the same amount, given by the Company’s bankers to a supplier.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 30 June 2024 was unqualified.

The audit report was signed on 3 March 2025 by Ms N A Spoor FCA FCCA (Senior Statutory Auditor) on behalf of White Hart Associates (London) Limited.

 
Page 6