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REGISTERED NUMBER: 05224578 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

7 Continents Travel Ltd

7 Continents Travel Ltd (Registered number: 05224578)

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


7 Continents Travel Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs H J Rashid
H Rashid





SECRETARY: H M Rashid





REGISTERED OFFICE: 262a Upper Tooting Road
London
SW17 0DN





REGISTERED NUMBER: 05224578 (England and Wales)





ACCOUNTANTS: WCSL Chartered Accountants
5 Wieland Road
Northwood
London
HA6 3RD

7 Continents Travel Ltd (Registered number: 05224578)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,901 15,533

CURRENT ASSETS
Debtors 5 243,364 158,344
Cash at bank and in hand 427,305 462,926
670,669 621,270
CREDITORS
Amounts falling due within one year 6 416,703 304,756
NET CURRENT ASSETS 253,966 316,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,867

332,047

CREDITORS
Amounts falling due after more than one
year

7

24,111

34,022
NET ASSETS 241,756 298,025

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Retained earnings 201,756 258,025
SHAREHOLDERS' FUNDS 10 241,756 298,025

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 directors acknowledge their 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.

7 Continents Travel Ltd (Registered number: 05224578)

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 Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





Mrs H J Rashid - Director


7 Continents Travel Ltd (Registered number: 05224578)

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


1. STATUTORY INFORMATION

7 Continents 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, on a flight departure basis less refunds, etc.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost-less estimated residual value of each asset over its estimated useful life.

Land and buildings 15 years straight-line method
.
Motor vehicles 20% reducing balance method

Financial instruments
Basic financial instruments are recognized at amortized cost.

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
No timing differences have been recognized

Foreign currencies
Transactions in foreign currencies are translated to Sterling at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the period end date, are retranslated to Sterling at the foreign exchange rate ruling at that date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Overdraft facility
The agreed remaining overdraft facility is £150,000.

7 Continents Travel Ltd (Registered number: 05224578)

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


2. ACCOUNTING POLICIES - continued

Bsp outstanding cash sales
BSP outstanding sales at year-end were £ nil.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 19,760 43,318 63,078
DEPRECIATION
At 1 October 2023 15,804 31,741 47,545
Charge for year 1,317 2,315 3,632
At 30 September 2024 17,121 34,056 51,177
NET BOOK VALUE
At 30 September 2024 2,639 9,262 11,901
At 30 September 2023 3,956 11,577 15,533

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 125,760 55,457
Other debtors 117,604 102,887
243,364 158,344

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 4,432 4,432
Trade creditors 391,506 247,023
Taxation and social security 14,765 44,301
Other creditors 6,000 9,000
416,703 304,756

7 Continents Travel Ltd (Registered number: 05224578)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 24,111 34,022

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 24,111 34,022

8. DIRECTORS' 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
£    £   
Mrs H J Rashid
Balance outstanding at start of year - -
Amounts advanced 14,717 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,717 -

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £97,618 were paid to the directors .

During the year, call centre charges amounting to £ 489,064 (2023: £505,253) were paid to 7-Continents Travel (Private) Limited, a company in which Mr. H M Rashid, secretary, is both a shareholder and director. The transaction was carried out at an arm's length basis.

10. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
30.9.24 30.9.23
£    £   
Profit for the financial year 41,348 140,601
Dividends (97,617 ) (66,399 )
Net (reduction)/addition to shareholders' funds (56,269 ) 74,202
Opening shareholders' funds 298,025 223,823
Closing shareholders' funds 241,756 298,025