Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falsetrue65falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05198764 2024-01-01 2024-12-31 05198764 2023-01-01 2023-12-31 05198764 2024-12-31 05198764 2023-12-31 05198764 2023-01-01 05198764 c:Director1 2024-01-01 2024-12-31 05198764 d:FurnitureFittings 2024-01-01 2024-12-31 05198764 d:FurnitureFittings 2024-12-31 05198764 d:FurnitureFittings 2023-12-31 05198764 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05198764 d:ComputerEquipment 2024-01-01 2024-12-31 05198764 d:ComputerEquipment 2024-12-31 05198764 d:ComputerEquipment 2023-12-31 05198764 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05198764 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05198764 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 05198764 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 05198764 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 05198764 d:CurrentFinancialInstruments 2024-12-31 05198764 d:CurrentFinancialInstruments 2023-12-31 05198764 d:CurrentFinancialInstruments 6 2024-12-31 05198764 d:CurrentFinancialInstruments 6 2023-12-31 05198764 d:Non-currentFinancialInstruments 2024-12-31 05198764 d:Non-currentFinancialInstruments 2023-12-31 05198764 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05198764 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05198764 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 05198764 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05198764 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 05198764 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 05198764 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 05198764 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 05198764 d:ShareCapital 2024-01-01 2024-12-31 05198764 d:ShareCapital 2024-12-31 05198764 d:ShareCapital 2023-01-01 2023-12-31 05198764 d:ShareCapital 2023-12-31 05198764 d:ShareCapital 2023-01-01 05198764 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 05198764 d:RetainedEarningsAccumulatedLosses 2024-12-31 05198764 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 05198764 d:RetainedEarningsAccumulatedLosses 2023-12-31 05198764 d:RetainedEarningsAccumulatedLosses 2023-01-01 05198764 c:OrdinaryShareClass1 2024-01-01 2024-12-31 05198764 c:OrdinaryShareClass1 2024-12-31 05198764 c:OrdinaryShareClass1 2023-12-31 05198764 c:FRS102 2024-01-01 2024-12-31 05198764 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05198764 c:FullAccounts 2024-01-01 2024-12-31 05198764 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05198764 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 05198764 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 05198764 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 05198764 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-01-01 2024-12-31 05198764 f:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05198764









WELLBEING ESCAPES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
WELLBEING ESCAPES LIMITED
REGISTERED NUMBER: 05198764

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
123,169
112,446

Tangible assets
 5 
2,887
854

  
126,056
113,300

Current assets
  

Debtors: amounts falling due within one year
 6 
158,090
218,100

Cash at bank and in hand
 7 
480,906
413,627

  
638,996
631,727

Creditors: amounts falling due within one year
 8 
(509,211)
(520,757)

Net current assets
  
 
 
129,785
 
 
110,970

Total assets less current liabilities
  
255,841
224,270

Creditors: amounts falling due after more than one year
 9 
(10,480)
(41,918)

Provisions for liabilities
  

Deferred tax
 11 
(30,889)
(20,948)

  
 
 
(30,889)
 
 
(20,948)

Net assets
  
214,472
161,404

Page 1

 
WELLBEING ESCAPES LIMITED
REGISTERED NUMBER: 05198764
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
 12 
54,731
54,731

Profit and loss account
 13 
159,741
106,673

  
214,472
161,404


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 year 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income statement 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 1 April 2025.




Ms S Photi
Director

The notes on pages 5 to 14 form part of these financial statements.

Page 2

 
WELLBEING ESCAPES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2024
54,731
106,673
161,404


Comprehensive income for the year

Profit for the year
-
53,068
53,068
Total comprehensive income for the year
-
53,068
53,068


At 31 December 2024
54,731
159,741
214,472


The notes on pages 5 to 14 form part of these financial statements.

Page 3

 
WELLBEING ESCAPES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
54,731
8,135
62,866


Comprehensive income for the year

Profit for the year
-
98,538
98,538
Total comprehensive income for the year
-
98,538
98,538


At 31 December 2023
54,731
106,673
161,404


The notes on pages 5 to 14 form part of these financial statements.

Page 4

 
WELLBEING ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Wellbeing Escapes Limited is a private company limited by shares and incorporated in England under registered number 05198764. Its registered office is at 2nd Floor, Nucleus House, 2 Lower Mortlake Road, Richmond TW9 2JA.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

Due to the consumer unease in relation to the current economic environment, with increasing energy costs and inflation impact directors have continued to review the Company’s financial position, as well as forecasts and plan mitigation actions in order to neutralise the financial impact from any significant downturn in trading.
The directors have carefully considered all aspects of the Company's finances including preparing d budgets to ensure that the Company has sufficient financial resources to operate throughout the next 12 months. For these reasons, the directors believe that it is still appropriate to apply the going concern basis in the financial statements

 
2.3

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 5

 
WELLBEING ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents the value of transactions , being holidays and travel arrangements, in which the Company acted as principal, plus the commissions receivable by the Company on transactions in which it is regarded as acting as agent. In all cases turnover is recognised on a departure date basis.

Gross Retail Turnover (GRT) , does not represent statutory turnover in accordance with Section 23 of FRS 102, which gave guidance and clarity on the presentation of turnover as principal or agent. The Company acted both as principal  and agent. In all cases gross retail turnover represents the price at which holidays or travel arrangements are sold.  
Trade debtors still represent gross amounts receivable in respect of holidays and travel arrangements sold and trade creditors still represent gross amounts payable in respect of holidays and travel arrangements purchased.           

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 6

 
WELLBEING ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Software development
-
6 -10 years

Page 7

 
WELLBEING ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

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.

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.

The estimated useful lives range as follows:

Fixtures and fittings
-
6 years
Computer equipment
-
6 years

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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 8

 
WELLBEING ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Average number of employees
6
5


4.


Intangible assets




Software development

£



Cost


At 1 January 2024
221,009


Additions
26,950



At 31 December 2024

247,959



Amortisation


At 1 January 2024
108,563


Charge for the year on owned assets
16,227



At 31 December 2024

124,790



Net book value



At 31 December 2024
123,169



At 31 December 2023
112,446



Page 9

 
WELLBEING ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
3,908
40,560
44,468


Additions
-
2,789
2,789



At 31 December 2024

3,908
43,349
47,257



Depreciation


At 1 January 2024
3,908
39,706
43,614


Charge for the year on owned assets
-
756
756



At 31 December 2024

3,908
40,462
44,370



Net book value



At 31 December 2024
-
2,887
2,887



At 31 December 2023
-
854
854


6.


Debtors

2024
2023
£
£


Trade debtors
109,629
90,389

Other debtors
7,032
5,622

Prepayments and accrued income
41,429
122,089

158,090
218,100


Included in prepayments and accrued income is a sum of £38,982 (2023: £119,630) of supplier payments in advance for departures post 31 December 2024.

Page 10

 
WELLBEING ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
480,906
413,627

480,906
413,627



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
31,439
31,439

Trade creditors
134,947
89,681

Corporation tax
15,369
8,108

Other taxation and social security
6,513
4,742

Other creditors
41,107
86,204

Accruals and deferred income
274,661
298,020

Financial instruments
5,175
2,563

509,211
520,757


Included in accruals and deferred income is a sum of £269,263 (2023: £290,020) of customer monies received in advance for departures post 31 December 2024.
Other creditors include £36,556 of directors'/shareholders' loans (see note - 17 on page 15).


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,480
41,918

10,480
41,918


The bank loan is from Lloyds Bank and is supported by the Coronavirus Business Interruption Loan Scheme. The loan is for a term of 72 months with no capital repayments or interest payments for the first six months. Thereafter, interest is payable  at 2.96% per annum over the bank base rate.

Page 11

 
WELLBEING ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
31,439
31,439


31,439
31,439

Amounts falling due 1-2 years

Bank loans
10,480
31,439


10,480
31,439

Amounts falling due 2-5 years

Bank loans
-
10,479


-
10,479


41,919
73,357



11.


Deferred taxation




2024
2023


£

£






At beginning of year
(20,948)
(4,126)


Charged to profit or loss
(9,941)
(16,822)



At end of year
(30,889)
(20,948)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(30,889)
(20,948)

(30,889)
(20,948)

Page 12

 
WELLBEING ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



5,473,062 (2023 - 5,473,062) Ordinary shares of £0.01 each
54,731
54,731



13.


Reserves

Profit and loss account

The profit and loss account represents the net distributable reserves of the company at the date of the statement of financial position.


14.


Pension commitments

The Company operates a defined contribution scheme. The assets of the scheme are held seperately from those of the Company in an independently administered fund.The pension charge represents contributions payable by the Company to the fund and amounted to £4,078 (2023: £3,607).


15.


Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the reporting date.


16.


Transactions with directors

2024
2023
£
£
Mrs S Photi
Balance outstanding at start of year

51,259

60,911

Amounts advanced

-

-

Amounts repaid

(19,892)

(9,652)

31,367

51,259


2024
2023
£
£
R Keysselitz
Balance outstanding at start of year

17,322

27,020

Amounts advanced

-

-

Amounts repaid

(12,133)

(9,698)

5,189

17,322


Page 13

 
WELLBEING ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

17.


Controlling party

In the opinion of the directors, there is no ultimate controlling party.      

 
Page 14