Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30true2023-10-01falseTour Operator Activities1513truefalse 04370517 2023-10-01 2024-09-30 04370517 2022-10-01 2023-09-30 04370517 2024-09-30 04370517 2023-09-30 04370517 1 2023-10-01 2024-09-30 04370517 d:Director2 2023-10-01 2024-09-30 04370517 c:Buildings c:ShortLeaseholdAssets 2023-10-01 2024-09-30 04370517 c:Buildings c:ShortLeaseholdAssets 2024-09-30 04370517 c:Buildings c:ShortLeaseholdAssets 2023-09-30 04370517 c:FurnitureFittings 2023-10-01 2024-09-30 04370517 c:FurnitureFittings 2024-09-30 04370517 c:FurnitureFittings 2023-09-30 04370517 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04370517 c:ComputerEquipment 2023-10-01 2024-09-30 04370517 c:ComputerEquipment 2024-09-30 04370517 c:ComputerEquipment 2023-09-30 04370517 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04370517 c:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04370517 c:CurrentFinancialInstruments 2024-09-30 04370517 c:CurrentFinancialInstruments 2023-09-30 04370517 c:Non-currentFinancialInstruments 2024-09-30 04370517 c:Non-currentFinancialInstruments 2023-09-30 04370517 c:CurrentFinancialInstruments c:WithinOneYear 2024-09-30 04370517 c:CurrentFinancialInstruments c:WithinOneYear 2023-09-30 04370517 c:Non-currentFinancialInstruments c:AfterOneYear 2024-09-30 04370517 c:Non-currentFinancialInstruments c:AfterOneYear 2023-09-30 04370517 c:ShareCapital 2024-09-30 04370517 c:ShareCapital 2023-09-30 04370517 c:OtherMiscellaneousReserve 2024-09-30 04370517 c:OtherMiscellaneousReserve 2023-09-30 04370517 c:RetainedEarningsAccumulatedLosses 2024-09-30 04370517 c:RetainedEarningsAccumulatedLosses 2023-09-30 04370517 d:FRS102 2023-10-01 2024-09-30 04370517 d:Audited 2023-10-01 2024-09-30 04370517 d:FullAccounts 2023-10-01 2024-09-30 04370517 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04370517 c:EntityControlledByKeyManagementPersonnel1 2023-10-01 2024-09-30 04370517 c:EntityControlledByKeyManagementPersonnel1 2024-09-30 04370517 c:EntityControlledByKeyManagementPersonnel2 2023-10-01 2024-09-30 04370517 c:EntityControlledByKeyManagementPersonnel2 2024-09-30 04370517 c:EntityControlledByKeyManagementPersonnel3 2023-10-01 2024-09-30 04370517 c:EntityControlledByKeyManagementPersonnel3 2024-09-30 04370517 c:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-01 2024-09-30 04370517 c:WithinOneYear 2024-09-30 04370517 c:WithinOneYear 2023-09-30 04370517 c:BetweenOneFiveYears 2024-09-30 04370517 c:BetweenOneFiveYears 2023-09-30 04370517 d:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04370517 2 2023-10-01 2024-09-30 04370517 7 2023-10-01 2024-09-30 04370517 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 04370517










LLAMA TRAVEL LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
LLAMA TRAVEL LIMITED
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 9


 
LLAMA TRAVEL LIMITED
REGISTERED NUMBER: 04370517

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,127
4,227

  
3,127
4,227

Current assets
  

Debtors: amounts falling due within one year
 6 
5,847,962
5,371,731

Cash at bank and in hand
 7 
9,363,044
6,943,271

  
15,211,006
12,315,002

Creditors: amounts falling due within one year
 8 
(9,873,462)
(8,123,978)

Net current assets
  
 
 
5,337,544
 
 
4,191,024

Total assets less current liabilities
  
5,340,671
4,195,251

Creditors: amounts falling due after more than one year
 9 
(332,919)
(415,523)

  

Net assets
  
5,007,752
3,779,728


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Other reserves
  
162,255
(4,538)

Profit and loss account
  
4,745,497
3,684,266

  
5,007,752
3,779,728


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 23 December 2024.




N G Newbold
Director
Page 1

 
LLAMA TRAVEL LIMITED
REGISTERED NUMBER: 04370517
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024


The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
LLAMA TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Llama Travel Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The registered number and address of the registered office and trading office is given in the Company information of these financial statements.
The nature of the Company's operations and principle activities are that of specialist tour operator.

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.

 
2.2

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Turnover

Turnover represents amounts receivable from the sales of tours and other services supplied to customers net of VAT. Revenue and expenses are taken to the profit and loss account on the date of departure.

 
2.4

Interest income

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

Page 3

 
LLAMA TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 method provided below:.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Straight line over life of lease
Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
33%
reducing balance

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.

 
2.7

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.

 
2.8

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.

Page 4

 
LLAMA TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

 
2.11

Provision for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. 


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are recognised to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods. 
There are no critical accounting estimates or judgements made in applying the comapny's accounting policies.


4.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 13).

Page 5

 
LLAMA TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
293,024
4,606
27,326
324,956


Additions
-
-
4,691
4,691



At 30 September 2024

293,024
4,606
32,017
329,647



Depreciation


At 1 October 2023
288,797
4,606
27,326
320,729


Charge for the year on owned assets
4,227
-
1,564
5,791



At 30 September 2024

293,024
4,606
28,890
326,520



Net book value



At 30 September 2024
-
-
3,127
3,127



At 30 September 2023
4,227
-
-
4,227

Page 6

 
LLAMA TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
5,089,797
4,861,679

Other debtors
166,413
31,571

Prepayments and accrued income
585,480
470,775

Deferred taxation
6,272
7,706

5,847,962
5,371,731


Included in prepayments above are amounts relating to monies paid to suppliers for holidays departing after the year end, the total of which amount to £566,317 (2023: £453,874).


7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
9,363,044
6,943,271

9,363,044
6,943,271



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
181,403
121,669

Amounts owed to associates
182,725
218,076

Corporation tax
410,697
142,691

Other taxation and social security
12,100
10,804

Other creditors
64,073
65,690

Accruals and deferred income
9,022,464
7,565,048

9,873,462
8,123,978


Included in accruals and deferred income above are amounts relating to customer monies held on account for holidays departing after the year end, the total of which amount to £3,859,540 (2023: £2,958,162).
The Company made two payments totalling £139,996 (2023: £110,087) in October 2024 to settle the year end balance payable to BSP.

Page 7

 
LLAMA TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Accruals and deferred income
332,919
415,523

332,919
415,523


Included in accruals and deferred income above are amounts relating to customer monies held on account for holidays departing after the year end, the total of which amount to £51,918 (2023: £72,082).


10.


Contingent liabilities

The Company currently holds an Air Travel Organisers' License (ATOL) issued by the Civil Aviation
Authority (CAA), and is an accredited agent of the International Air Transport Association (IATA).
In order to offer air inclusive package holidays, the company requires the annual renewal by the CAA of its ATOL licence. The CAA grants this license on the basis of meeting agreed financial criteria and renews this in March (effective 1st April) each year. The company has complied with these requirements in previous years. The directors see no reason why the ATOL license will not be renewed in March 2025 on substantially the same terms and conditions as currently agreed with the CAA.
The company also complies with the financial criteria requirements of IATA.
There are no other material contingent liabilities.


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £10,319 (2023: £7,200). Contributions totalling £2,319 (2023: £2,181) were payable to the fund at the balance sheet date and are included in creditors.


12.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
70,000
70,000

Later than 1 year and not later than 5 years
280,000
-

350,000
70,000

Page 8

 
LLAMA TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

13.


Related party transactions

During the year the following movements took place on directors' loan accounts:
Mr L D Newbold - during the year Mr L D Newbold introduced funds of £Nil (2023: £449) and was repaid £Nil (2023: £Nil). At the balance sheet date the company owed Mr L D Newbold £909 (2032: £763).
Mr N G Newbold - during the year Mr N G Newbold introduced funds of £260 (2023: £3,272) and was repaid £2,415 (2023: £1,873). At the balance sheet date the company owed Mr N G Newbold £36,140 (2023: £38,041).
During the year the company paid £119,351 (2023: £315,000) to Rochester Wilmot Limited, a company under common control, incorporated in England & Wales. At the balance sheet date the company owed Rochester Wilmot Limited £182,725 (2023: £218,076).


14.


Post balance sheet events

The directors have concluded that no other material events have occured since the date of approval of these financial statements that would affect the financial statements of the Company.


15.


Controlling party

The ultimate controlling party is Mr L D Newbold by virtue of his shareholding in the company.


16.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 23 December 2024 by Ian Palmer FCA (Senior Statutory Auditor) on behalf of Xeinadin Audit Limited.

 
Page 9