Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08554077 Mr Mark Hoskins Mr Gavin O'Callaghan true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08554077 2023-08-31 08554077 2024-08-31 08554077 2023-09-01 2024-08-31 08554077 frs-core:CurrentFinancialInstruments 2024-08-31 08554077 frs-core:ComputerEquipment 2024-08-31 08554077 frs-core:ComputerEquipment 2023-09-01 2024-08-31 08554077 frs-core:ComputerEquipment 2023-08-31 08554077 frs-core:ShareCapital 2024-08-31 08554077 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08554077 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08554077 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08554077 frs-bus:SmallEntities 2023-09-01 2024-08-31 08554077 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08554077 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08554077 1 2023-09-01 2024-08-31 08554077 frs-bus:Director1 2023-09-01 2024-08-31 08554077 frs-bus:Director2 2023-09-01 2024-08-31 08554077 frs-countries:EnglandWales 2023-09-01 2024-08-31 08554077 2022-08-31 08554077 2023-08-31 08554077 2022-09-01 2023-08-31 08554077 frs-core:CurrentFinancialInstruments 2023-08-31 08554077 frs-core:ShareCapital 2023-08-31 08554077 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 08554077
Corinthian Travel Management Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Shaw Wallace
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08554077
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 360 -
360 -
CURRENT ASSETS
Debtors 5 13,332 12,849
Cash at bank and in hand 65,017 48,348
78,349 61,197
Creditors: Amounts Falling Due Within One Year 6 (51,058 ) (46,283 )
NET CURRENT ASSETS (LIABILITIES) 27,291 14,914
TOTAL ASSETS LESS CURRENT LIABILITIES 27,651 14,914
NET ASSETS 27,651 14,914
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 27,649 14,912
SHAREHOLDERS' FUNDS 27,651 14,914
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Hoskins
Director
13/05/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Corinthian Travel Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08554077 . The registered office is 43 Manchester Street, London, W1U 7LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2. Going Concern Disclosure
These financial statements have been prepared on a going concern basis. The directors, having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern.

Accordingly the directors have a reasonable expectation that the company will continue in operational existence and thus they adopt the going concern basis of accounting in preparing the financial statements
2.3. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

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2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% reducing balance
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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 debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 -
Additions 450
As at 31 August 2024 450
Depreciation
As at 1 September 2023 -
Provided during the period 90
As at 31 August 2024 90
Net Book Value
As at 31 August 2024 360
As at 1 September 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,367 2,839
Amounts owed by group undertakings - 5,906
Other debtors 1,965 4,104
13,332 12,849
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 7,278 -
Other creditors 38,977 46,034
Taxation and social security 4,803 249
51,058 46,283
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7. Related Party Transactions
The company is a wholly owned subsidiary of Corinthian (London) Holdings Limited, and as such has taken advantage of the exemption permitted by FRS 102 Section 33 'Related party disclosures' not to provide disclosures of transactions entered into with other wholly members of the group
8. Ultimate Controlling Party
The company is a 100% subsidiary of Corinthian (London) Holdings Limited. The parent company's
principal place of business is 56 Buckingham Gate, London, SW1E 6AE
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