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REGISTERED NUMBER: 01922018 (England and Wales)









UNITED (TRAVEL AND FINANCE) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






UNITED (TRAVEL AND FINANCE) LIMITED (REGISTERED NUMBER: 01922018)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNITED (TRAVEL AND FINANCE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: W Y Leung
Mrs S Y Leung
L W Leung





REGISTERED OFFICE: 26 Ladywell Walk
Birmingham
West Midlands
B5 4ST





REGISTERED NUMBER: 01922018 (England and Wales)





AUDITORS: UHY Hacker Young (Birmingham) LLP,
Statutory Auditor
9-11 Vittoria Street
Birmingham
B1 3ND

UNITED (TRAVEL AND FINANCE) LIMITED (REGISTERED NUMBER: 01922018)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,383 2,955
Investment property 5 850,000 600,654
852,383 603,609

CURRENT ASSETS
Debtors 6 9,067 36,902
Cash at bank and in hand 508,916 491,498
517,983 528,400
CREDITORS
Amounts falling due within one year 7 197,997 264,593
NET CURRENT ASSETS 319,986 263,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,172,369

867,416

CREDITORS
Amounts falling due after more than
one year

8

(30,000

)

(30,000

)

PROVISIONS FOR LIABILITIES 10 (62,932 ) -
NET ASSETS 1,079,437 837,416

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Retained earnings 1,039,437 797,416
SHAREHOLDERS' FUNDS 1,079,437 837,416

UNITED (TRAVEL AND FINANCE) LIMITED (REGISTERED NUMBER: 01922018)

BALANCE SHEET - continued
31 OCTOBER 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





Mrs S Y Leung - Director


UNITED (TRAVEL AND FINANCE) LIMITED (REGISTERED NUMBER: 01922018)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

United (Travel and Finance) Limited 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents commission receivable, excluding value added tax.

The policies adopted for the recognition of turnover are as follows:

Commission receivable
When the outcome of a transaction can be estimated reliably, commission receivable is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to satisfaction of the performance obligation by transferring control of the service to the principal.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Rental income
Rental income from operating leases (net of any incentives given to the lesees) is recognised on a straight-line basis over the lease term.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 15% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


UNITED (TRAVEL AND FINANCE) LIMITED (REGISTERED NUMBER: 01922018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Loans
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

UNITED (TRAVEL AND FINANCE) LIMITED (REGISTERED NUMBER: 01922018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 2,687 2,582 5,269
DEPRECIATION
At 1 November 2023 434 1,880 2,314
Charge for year 338 234 572
At 31 October 2024 772 2,114 2,886
NET BOOK VALUE
At 31 October 2024 1,915 468 2,383
At 31 October 2023 2,253 702 2,955

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 600,654
Revaluations 249,346
At 31 October 2024 850,000
NET BOOK VALUE
At 31 October 2024 850,000
At 31 October 2023 600,654

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2024 249,346
Cost 600,654
850,000


UNITED (TRAVEL AND FINANCE) LIMITED (REGISTERED NUMBER: 01922018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,735 7,050
Other debtors 4,332 29,852
9,067 36,902

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 124,313 218,017
Taxation and social security 32,345 5,637
Other creditors 41,339 40,939
197,997 264,593

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 30,000 30,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 22,333 20,000
Between one and five years 89,333 13,333
111,666 33,333

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 62,932 -

Deferred
tax
£   
Provided during year 62,932
Balance at 31 October 2024 62,932

UNITED (TRAVEL AND FINANCE) LIMITED (REGISTERED NUMBER: 01922018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Malcolm Winston (Senior Statutory Auditor)
for and on behalf of UHY Hacker Young (Birmingham) LLP,