Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31Holiday Travel Specialistsfalsetrue2024-01-01011truefalse SC270541 2024-01-01 2024-12-31 SC270541 2023-01-01 2023-12-31 SC270541 2024-12-31 SC270541 2023-12-31 SC270541 c:Director3 2024-01-01 2024-12-31 SC270541 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 SC270541 d:ComputerEquipment 2024-01-01 2024-12-31 SC270541 d:ShareCapital 2024-12-31 SC270541 d:ShareCapital 2023-12-31 SC270541 d:RetainedEarningsAccumulatedLosses 2024-12-31 SC270541 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC270541 c:FRS102 2024-01-01 2024-12-31 SC270541 c:Audited 2024-01-01 2024-12-31 SC270541 c:FullAccounts 2024-01-01 2024-12-31 SC270541 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC270541 d:Subsidiary1 2024-01-01 2024-12-31 SC270541 d:Subsidiary1 1 2024-01-01 2024-12-31 SC270541 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC270541 2 2024-01-01 2024-12-31 SC270541 6 2024-01-01 2024-12-31 SC270541 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: SC270541










THE HOLIDAY SPECIALISTS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
THE HOLIDAY SPECIALISTS LIMITED
REGISTERED NUMBER: SC270541

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Cash at bank and in hand
 5 
18,914
18,091

  
18,914
18,091

Total assets less current liabilities
  
 
 
18,915
 
 
18,092

  

Net assets
  
18,915
18,092


Capital and reserves
  

Called up share capital 
  
40,000
40,000

Profit and loss account
  
(21,085)
(21,908)

  
18,915
18,092


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 on 18 June 2025.




................................................
J Dobson
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
THE HOLIDAY SPECIALISTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The Holiday Specialists Limited is a private company limited by shares and incorporated, domiciled and registered in the UK. The Company number is SC270541. The registered address can be found on the company information page.

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 (see note 3).

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which the directors believe to be appropriate for the following reasons.
The Company’s main source of income comes from Barrhead Travel Service Limited, and thus the going concern review of the company is bound up with that of the group headed by Barrhead Travel 2007 Ltd (“the group”), which also includes both Barrhead Travel Service Limited and Travel Transportation Services Limited.
At the year end, the Company had net assets and net current assets of £18.9k. It manages its day to day and medium-term funding requirements through cash balances and loans from its parent or other group undertakings. 
The directors have prepared projected cash flow information for the eighteen months from the date of approval of these financial statements. These forecasts reflect the Company will have sufficient funds to meet its liabilities as they fall due with the existing bookings to date and expected trading activity in 2025.  
Those forecasts do not require nor include any additional financial support from Travel Leaders Group, LLC, however it has indicated its intentions to continue to support the business and make available such funds as are needed by the company for the period covered by the forecasts.
Based on the above indications, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.

  
2.3

Turnover

Turnover represents the value of commissions received as an agency on sales transactions and other revenue earned, excluding value added tax, and is derived entirely from activities within the United Kingdom. Commissions received are recognised as they become due and when collectability is reasonably assured.

Page 2

 
THE HOLIDAY SPECIALISTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

 
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 United Kingdom.

 
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.

Page 3

 
THE HOLIDAY SPECIALISTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold costs
-
over the primary period of the lease
Computer equipment
-
10% on cost

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 at the date of disposal
       with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated 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.


3.


Employees

2024
2023
£
£

Wages and salaries
-
258,186

Social security costs
-
26,107

Cost of defined contribution scheme
-
5,534

-
289,827


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


        2024
        2023
            No.
            No.







Sales
-
11

Page 4

 
THE HOLIDAY SPECIALISTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
1



At 31 December 2024
1





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Principal activity

Class of shares

Holding

The Cruise Specialists Limited
Libertas House, 5th Floor, 39 St. Vincent Place, Glasgow, United Kingdom, G1 2ER
Dormant
Ordinary
100%


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
18,914
18,091

18,914
18,091



6.


Pension commitments

The Company operates defined contribution schemes. The assets of the schemes are held separately from those of the Company in independently administered funds. The pension costs charge represents contributions payable by the Company to these funds and amounted to  £Nil (2023: £5,534).
Contributions totalling £Nil (2023: £Nil) were payable to the fund at the balance sheet date and are included in creditors.


7.


Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the reporting date.

Page 5

 
THE HOLIDAY SPECIALISTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Financial gurantees and indemnities

Lloyds Bank plc holds cross company guarantees from the Company as well as its parent undertaking Barrhead Travel 2007 Limited and a fellow subsidiary Barrhead Travel Service Limited. 


9.


Related party transactions

The Company has taken advantage of exemption under the terms of FRS 102 33.1A, not to disclose related party transactions with wholly owned subsidiaries within the Barrhead Travel 2007 Limited group of companies.


10.


Controlling party

Internova Holdings, LLC is regarded as the ultimate parent company of The Holiday Specialists Limited.
The company is 100% subsidiary of Barrhead Travel 2007 Limited (incorporated in Scotland), which is a 100% subsidiary of Global Travel Collection, LLC (incorporated in the USA).
Global Travel Collection, LLC is a 100% subsidiary of Tzell Holdings, LLC (incorporated in the USA), which is a 100% subsidiary of Travel Leaders Group, LLC (incorporated in the USA).
Travel Leaders Group, LLC is a 100% subsidiary of Travel Leaders Group Holdings, LLC (incorporated in the USA), which is a 100% subsidiary of Internova Holdings, LLC.


11.


Auditors' information

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

The audit report was signed on 18 June 2025 by Yasin Khandwalla FCCA (Senior statutory auditor) on behalf of Xeinadin Audit Limited.

 
Page 6