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Registration number: 10944916

F42 Travel Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2024

F42 Travel Ltd

Contents

Company Information | 1
Balance Sheet | 2
Statement of Changes in Equity | 3
Notes to the Unaudited Financial Statements | 4 to 8

F42 Travel Ltd

Company Information

Directors | Mr D H Freeman Mrs D C Freeman

Registered office | 41 River Way Christchurch Dorset BH23 2QQ

Accountants | Elysium Chartered AccountantsUnit A7 The Arena 9 Nimrod Way Wimborne Dorset BH21 7UH

F42 Travel Ltd

(Registration number: 10944916)
Balance Sheet as at 30 September 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 279,363 | 186,890
Current assets |  |  |
Debtors | 5 | 1,266,143 | 1,344,344
Cash at bank and in hand |  | 712,352 | 599,956
|  | 1,978,495 | 1,944,300
Creditors: Amounts falling due within one year | 6 | (1,190,421) | (1,072,104)
Net current assets |  | 788,074 | 872,196
Total assets less current liabilities |  | 1,067,437 | 1,059,086
Creditors: Amounts falling due after more than one year | 6 | (59,452) | -
Provisions for liabilities |  | (69,841) | (46,723)
Net assets |  | 938,144 | 1,012,363
Capital and reserves |  |  |
Called up share capital | 7 | 1,000 | 1,000
Retained earnings |  | 937,144 | 1,011,363
Shareholders' funds |  | 938,144 | 1,012,363

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 June 2025 and signed on its behalf by:

......................................... Mrs D C Freeman Director

F42 Travel Ltd

Statement of Changes in Equity for the Year Ended 30 September 2024

| Share capital £ | Retained earnings £ | Total £
At 1 October 2023 | 1,000 | 1,011,364 | 1,012,364
Profit for the year | - | 212,280 | 212,280
Dividends | - | (286,500) | (286,500)
At 30 September 2024 | 1,000 | 937,144 | 938,144

| Share capital £ | Retained earnings £ | Total £
At 1 October 2022 | 1,000 | 970,549 | 971,549
Profit for the year | - | 231,814 | 231,814
Dividends | - | (191,000) | (191,000)
At 30 September 2023 | 1,000 | 1,011,363 | 1,012,363

F42 Travel Ltd

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

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
41 River Way
Christchurch
Dorset
BH23 2QQ

These financial statements were authorised for issue by the Board on 20 June 2025.

2 | Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

F42 Travel Ltd

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

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of 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 difference are taken into account in arriving at the operating profit.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture and fittings | 15.00% Reducing Balance
Computer equipment | 33.33% Reducing Balance
Motor vehicles | 15.00% Reducing Balance

F42 Travel Ltd

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

F42 Travel Ltd

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

3 | Average Number of Employees

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 6).

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 October 2023 | 26,011 | 220,568 | 246,579
Additions | 12,230 | 153,995 | 166,225
Disposals | - | (76,771) | (76,771)
At 30 September 2024 | 38,241 | 297,792 | 336,033
Depreciation
At 1 October 2023 | 14,374 | 45,315 | 59,689
Charge for the year | 4,832 | 10,143 | 14,975
Eliminated on disposal | - | (17,994) | (17,994)
At 30 September 2024 | 19,206 | 37,464 | 56,670
Carrying amount
At 30 September 2024 | 19,035 | 260,328 | 279,363
At 30 September 2023 | 11,637 | 175,253 | 186,890

5 | Debtors

Current | Note | 2024 £ | 2023 £
Trade debtors |  | 810,774 | 908,677
Amounts owed by related parties |  | 437,862 | 419,667
Prepayments |  | 1,507 | -
Other debtors |  | 16,000 | 16,000
|  | 1,266,143 | 1,344,344

F42 Travel Ltd

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

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 8 | 16,961 | -
Trade creditors |  | 1,095,890 | 966,372
Taxation and social security |  | 53,892 | 80,733
Other creditors |  | 23,678 | 24,999
|  | 1,190,421 | 1,072,104

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 8 | 59,452 | -

7 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Allotted, Called up and fully paid of £1 each | 1,000 | 1,000 | 1,000 | 1,000

8 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Hire purchase contracts | 59,452 | -

Current loans and borrowings

| 2024 £ | 2023 £
Hire purchase contracts | 16,961 | -