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REGISTERED NUMBER: 02084914 (England and Wales)


















Financial Statements for the Year Ended 31 December 2024

for

Newmont Travel Limited

Newmont Travel Limited (Registered number: 02084914)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Newmont Travel Limited (Registered number: 02084914)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,494 1,961

CURRENT ASSETS
Debtors 5 83,505 201,840
Cash at bank and in hand 1,432,789 1,941,190
1,516,294 2,143,030
CREDITORS
Amounts falling due within one year 6 (898,553 ) (1,513,756 )
NET CURRENT ASSETS 617,741 629,274
TOTAL ASSETS LESS CURRENT LIABILITIES 631,235 631,235

CAPITAL AND RESERVES
Called up share capital 7 100,000 100,000
Retained earnings 531,235 531,235
SHAREHOLDERS' FUNDS 631,235 631,235

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 Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by:





G J Shaw - Director


Newmont Travel Limited (Registered number: 02084914)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Newmont Travel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02084914

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Ticket sales represents the margin on ticket sales and associated income for the sale of holidays excluding value added tax and discounts which have been booked during the year.

Package sales represents the margin on ticket sales and associated income for the sale of holidays excluding value added tax and discounts which have departed during the year.

The margin on sales of airfares is recognised as revenue where the company does not retain all the risks and rewards of providing the service.

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.
Short leasehold - Straight line over the life of the lease
Improvements to property - Straight line over the life of the lease
Website development - Straight line over 5 years
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Newmont Travel Limited (Registered number: 02084914)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Website
leasehold property development
£    £    £   
COST
At 1 January 2024 8,075 93,390 5,000
Additions - - -
Disposals (8,075 ) (93,390 ) -
At 31 December 2024 - - 5,000
DEPRECIATION
At 1 January 2024 8,075 93,390 5,000
Charge for year - - -
Eliminated on disposal (8,075 ) (93,390 ) -
At 31 December 2024 - - 5,000
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 - - -

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 450,741 48,437 605,643
Additions - 13,589 13,589
Disposals (446,642 ) (42,776 ) (590,883 )
At 31 December 2024 4,099 19,250 28,349
DEPRECIATION
At 1 January 2024 449,267 47,950 603,682
Charge for year 49 728 777
Eliminated on disposal (445,363 ) (42,776 ) (589,604 )
At 31 December 2024 3,953 5,902 14,855
NET BOOK VALUE
At 31 December 2024 146 13,348 13,494
At 31 December 2023 1,474 487 1,961

Newmont Travel Limited (Registered number: 02084914)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related parties 1,194 595
Other debtors 82,311 201,245
83,505 201,840

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,513 124
Trade creditors 346,541 604,960
Taxation and social security 23,498 58,685
Other creditors 521,001 849,987
898,553 1,513,756

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
33,334 Ordinary 'A' £1 33,334 33,334
66,666 Ordinary 'B' £1 66,666 66,666
100,000 100,000

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

The Report of the Auditors was unqualified.

Jennifer Cessini FCCA (Senior Statutory Auditor)
for and on behalf of Gravita Essex Limited

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and
31 December 2023:

20242023
Director 1££
Amounts advanced8,380854
Amounts repaid(600)(92,000)


The loan to the director is repayable on demand. Interest is charged on loans at the official interest set by HMRC.

10. RELATED PARTY DISCLOSURES

The company paid rent of £23,760 (2023: £23,760) to the directors in respect of the use of property owned by them. This transaction was not conducted on an arm’s length basis.