Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312025-05-302025-05-30truetruefalse2024-01-01No description of principal activity810falsetruefalse SC178479 2024-01-01 2024-12-31 SC178479 2023-01-01 2023-12-31 SC178479 2024-12-31 SC178479 2023-12-31 SC178479 2023-01-01 SC178479 1 2024-01-01 2024-12-31 SC178479 d:Director3 2024-01-01 2024-12-31 SC178479 c:ComputerEquipment 2024-01-01 2024-12-31 SC178479 c:ComputerEquipment 2024-12-31 SC178479 c:ComputerEquipment 2023-12-31 SC178479 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC178479 c:CurrentFinancialInstruments 2024-12-31 SC178479 c:CurrentFinancialInstruments 2023-12-31 SC178479 c:Non-currentFinancialInstruments 2024-12-31 SC178479 c:Non-currentFinancialInstruments 2023-12-31 SC178479 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 SC178479 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 SC178479 c:Non-currentFinancialInstruments c:AfterOneYear 2024-12-31 SC178479 c:Non-currentFinancialInstruments c:AfterOneYear 2023-12-31 SC178479 c:ShareCapital 2024-12-31 SC178479 c:ShareCapital 2023-12-31 SC178479 c:ShareCapital 2023-01-01 SC178479 c:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 SC178479 c:RetainedEarningsAccumulatedLosses 2024-12-31 SC178479 c:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 SC178479 c:RetainedEarningsAccumulatedLosses 2023-12-31 SC178479 c:RetainedEarningsAccumulatedLosses 2023-01-01 SC178479 d:FRS102 2024-01-01 2024-12-31 SC178479 d:Audited 2024-01-01 2024-12-31 SC178479 d:FullAccounts 2024-01-01 2024-12-31 SC178479 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC178479 d:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC178479 7 2024-01-01 2024-12-31 SC178479 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: SC178479


EXPERIENCE SCOTLAND CONFERENCE AND INCENTIVES LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024

 
EXPERIENCE SCOTLAND CONFERENCE AND INCENTIVES LIMITED
REGISTERED NUMBER: SC178479

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,641
2,917

  
1,641
2,917

Current assets
  

Debtors: amounts falling due within one year
 5 
2,702,002
3,791,487

Cash at bank and in hand
 6 
19,037
105,373

  
2,721,039
3,896,860

Creditors: amounts falling due within one year
 7 
(236,509)
(1,775,467)

Net current assets
  
 
 
2,484,530
 
 
2,121,393

Total assets less current liabilities
  
2,486,171
2,124,310

Creditors: amounts falling due after more than one year
 8 
(11,000)
(11,000)

  

Net assets
  
2,475,171
2,113,310


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,475,071
2,113,210

  
2,475,171
2,113,310


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 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 by: 

A Graves
Director

Date: 30 May 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 1

 
EXPERIENCE SCOTLAND CONFERENCE AND INCENTIVES 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 2023
100
1,818,175
1,818,275



Profit for the year
-
295,035
295,035



At 1 January 2024
100
2,113,210
2,113,310



Profit for the year
-
361,861
361,861


At 31 December 2024
100
2,475,071
2,475,171


The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
EXPERIENCE SCOTLAND CONFERENCE AND INCENTIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Experience Scotland Conference and Incentives Limited is a private company limited by shares incorporated in Scotland. The address of the registered company is given on the Company Information page of these financial statements. The nature of the Company's operations and principal activity are set out in the Directors' Report.

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.

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Tour Partner Group Midco Limited as at 31 December 2024 and these financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3VZ.

Page 3

 
EXPERIENCE SCOTLAND CONFERENCE AND INCENTIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Going concern

Two directors, who are also directors of the parent company, prepare the financial statements on a going concern basis unless it is inappropriate to presume the company will continue in business. The Company is a member of Tour Partner Group (the Group), a leading destination management company (DMC) and the going concern assessment has been performed for the Company and wider Group.
The Group has continued its strong recovery seen in recent years, with 2024 setting a record level of trading, surpassing pre-pandemic levels. Through close management of cost pressures, margins have been strengthened resulting in a strong Group result. The order book for 2025 has reinforced managements’ expectations for another year of growth in the year ahead.
The group maintains a strong relationship with its shareholders and lenders, who continue to support management and their liquidity and working capital requirements for the Group. At the balance sheet date, bank debt repayments commence in 2025, however these have been renegotiated since the year with repayments now due mainly in summer 2026.
At the balance sheet date, all loan notes were due for repayment in January 2026. Since the year end the group has also received confirmation that, unless the loan notes have been settled on or before the current repayment date, the loan note holders will extend the repayment date to January 2027.
The directors have prepared detailed forecasts for the period until June 2026 (the “going concern period”), which current trading continues to be monitored against. Based on these forecasts, the Group will have sufficient funds to continue to meet its liabilities as they fall due during the going concern period. The directors are confident these robust forecasts are achievable, which is supported by the current order pipeline and wider market trends.
Whilst not guaranteed, based on the forecasts prepared and the trading in 2025 to date, together with the continued support and new repayment terms agreed with shareholders and lenders, the directors are confident that the business will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements and therefore have prepared the financial statements on a going concern basis.

 
2.4

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.

Page 4

 
EXPERIENCE SCOTLAND CONFERENCE AND INCENTIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

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, reduced by discounts, rebates, and excluding value added tax and other sales taxes. Turnover is recognised on the date of customer arrival. 

 
2.6

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.

 
2.7

Taxation

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.


Page 5

 
EXPERIENCE SCOTLAND CONFERENCE AND INCENTIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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 below methods.

Depreciation is provided on the following basis:

Computer equipment
-
Straight line over 4 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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

  
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 6

 
EXPERIENCE SCOTLAND CONFERENCE AND INCENTIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

2024
2023
£
£

Wages and salaries
326,574
342,237

Social security costs
33,869
36,711

Cost of defined contribution pension scheme
7,208
8,446

367,651
387,394


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


        2024
        2023
            No.
            No.







Employees
8
10

Pension commitments
The Company operates a defined contribution pension scheme for all qualifying employees. 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 £7,208 (2023: £8,446).
Contributions totalling £2,020 were payable to the fund at the reporting date (2023: £1,387) and are included in the Balance Sheet.

Page 7

 
EXPERIENCE SCOTLAND CONFERENCE AND INCENTIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Computer equipment

£



Cost


At 1 January 2024
3,825



At 31 December 2024

3,825



Depreciation


At 1 January 2024
908


Charge for the year on owned assets
1,276



At 31 December 2024

2,184



Net book value



At 31 December 2024
1,641



At 31 December 2023
2,917

Page 8

 
EXPERIENCE SCOTLAND CONFERENCE AND INCENTIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
147,047
86,548

Amounts owed by group undertakings
2,202,797
2,349,295

Other debtors
98,500
177,601

Prepayments
253,658
1,178,043

2,702,002
3,791,487


Amounts owed by group undertakings are interest free and repayable on demand.


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
19,037
105,373

19,037
105,373



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
13,198
627,781

Amounts owed to group undertakings
166,765
83,819

Corporation tax
16,416
29,948

Other taxation and social security
12,094
13,012

Other creditors
4,044
850

Accruals and deferred income
23,992
1,020,057

236,509
1,775,467


The Group’s bank facilities are secured by a fixed and floating charge over the assets of the Group, which includes this Company.

Page 9

 
EXPERIENCE SCOTLAND CONFERENCE AND INCENTIVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
11,000
11,000

11,000
11,000



9.


Related party transactions

The company has taken advantage of the exemption available under FRS102 section 33.1A where disclosures of transactions between group members are not required, provided that the subsidiary is wholly-owned.


10.


Post balance sheet events

The directors confirm that there have been no significant events affecting the company since the year end.


11.


Controlling party

The Company's immediate parent is Tour Partner Group Limited, incorporated in England and Wales. The ultimate controlling party is Mayfair Equity Partners LLP, incorporated in England and Wales.
The largest and smallest group producing publicly available consolidated financial statements is headed by Tour Partner Group Midco Limited, which has a registered office address of Hygeia Building 5th Floor, 66-68 College Road, Harrow, Middlesex, HA1 1BE. These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3VZ.


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 30 May 2025 by Yasin Khandwalla FCCA (Senior statutory auditor) on behalf of Xeinadin Audit Limited.

 
Page 10