Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Travel agency activities32023-04-17truefalsefalsefalse 14807514 2023-04-16 14807514 2023-04-17 2024-09-30 14807514 2022-10-01 2023-04-16 14807514 2024-09-30 14807514 c:Director1 2023-04-17 2024-09-30 14807514 d:ComputerEquipment 2023-04-17 2024-09-30 14807514 d:ComputerEquipment 2024-09-30 14807514 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-17 2024-09-30 14807514 d:CurrentFinancialInstruments 2024-09-30 14807514 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 14807514 d:ShareCapital 2024-09-30 14807514 d:RetainedEarningsAccumulatedLosses 2024-09-30 14807514 c:OrdinaryShareClass1 2023-04-17 2024-09-30 14807514 c:OrdinaryShareClass1 2024-09-30 14807514 c:FRS102 2023-04-17 2024-09-30 14807514 c:AuditExempt-NoAccountantsReport 2023-04-17 2024-09-30 14807514 c:FullAccounts 2023-04-17 2024-09-30 14807514 c:PrivateLimitedCompanyLtd 2023-04-17 2024-09-30 14807514 2 2023-04-17 2024-09-30 14807514 e:PoundSterling 2023-04-17 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14807514










MYCRUISE UK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
MYCRUISE UK LIMITED
REGISTERED NUMBER: 14807514

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
458

  
458

Current assets
  

Debtors: amounts falling due within one year
 5 
512,740

Cash at bank and in hand
  
614,719

  
1,127,459

Creditors: amounts falling due within one year
 6 
(1,275,857)

Net current liabilities
  
 
 
(148,398)

Total assets less current liabilities
  
(147,940)

  

Net liabilities
  
(147,940)


Capital and reserves
  

Called up share capital 
 7 
30,000

Profit and loss account
  
(177,940)

  
(147,940)


Page 1

 
MYCRUISE UK LIMITED
REGISTERED NUMBER: 14807514
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 25 March 2025.




C I Jensen
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MYCRUISE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

MyCruise UK Limited is a private company limited by shares, incorporated in England and Wales, the company registration number is 14807514. The registered office address is 2nd Floor, 14/15 Brunswick Place, Southampton, United Kingodom, S015 2AQ.
The company was incorporated and started trading on the 17 April 2023. The accounts period is from 17 April 2023 to 30 September 2024.

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 Company's functional and presentational currency is GBP, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company has net current liabilities of £147,940 and has made a loss for the period of £177,940. The financial statements have been prepared on a going concern basis as the shareholder has indicated the willingness and ability to support the company for at least 12 months from the date of the approval of the financial statements, in order for the Company to meet its liabilities as they fall due.

 
2.3

Revenue

Revenue primarily represents the sale of cruise packages and other travel services. Revenue for cruise packages is recognised on the date of departure.
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.  

 
2.4

Interest income

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

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
MYCRUISE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
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.

Page 4

 
MYCRUISE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially
Page 5

 
MYCRUISE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.


3.


Employees




The average monthly number of employees, including directors, during the period was 3.


4.


Tangible fixed assets





Computer equipment

£



Cost 


Additions
550



At 30 September 2024

550



Depreciation


Charge for the period on owned assets
92



At 30 September 2024

92



Net book value



At 30 September 2024
458

Page 6

 
MYCRUISE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
£


Trade debtors
280,378

Other debtors
231,655

Prepayments and accrued income
707

512,740



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
254,819

Amounts owed to group undertakings
756,948

Accruals and deferred income
264,090

1,275,857



7.


Share capital

2024
£
Allotted, called up and fully paid


30,000 Ordinary shares of £1.00 each
30,000


During the period, 30,000 ordinary shares of £1 each were issued and fully paid.


8.


Related party transactions

At the 30 September 2024, the company was owed £756,948 to MyCruise Holding ApS the parent company.


9.


Controlling party

The company is a subsidiary of MyCruise Holdings ApS, a company registered in Denmark. There is no ultimate controlling party.

 
Page 7