Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-23falsetrue2024-01-01falseTour operator2318falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02007484 2024-01-01 2024-12-31 02007484 2023-01-01 2023-12-31 02007484 2024-12-31 02007484 2023-12-31 02007484 2023-01-01 02007484 c:Director1 2024-01-01 2024-12-31 02007484 d:ComputerEquipment 2024-01-01 2024-12-31 02007484 d:ComputerEquipment 2024-12-31 02007484 d:ComputerEquipment 2023-12-31 02007484 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02007484 d:CurrentFinancialInstruments 2024-12-31 02007484 d:CurrentFinancialInstruments 2023-12-31 02007484 d:Non-currentFinancialInstruments 2024-12-31 02007484 d:Non-currentFinancialInstruments 2023-12-31 02007484 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02007484 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02007484 d:ShareCapital 2024-12-31 02007484 d:ShareCapital 2023-12-31 02007484 d:RetainedEarningsAccumulatedLosses 2024-12-31 02007484 d:RetainedEarningsAccumulatedLosses 2023-12-31 02007484 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 02007484 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 02007484 d:RetirementBenefitObligationsDeferredTax 2024-12-31 02007484 d:RetirementBenefitObligationsDeferredTax 2023-12-31 02007484 c:FRS102 2024-01-01 2024-12-31 02007484 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02007484 c:FullAccounts 2024-01-01 2024-12-31 02007484 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02007484 d:WithinOneYear 2024-12-31 02007484 d:WithinOneYear 2023-12-31 02007484 d:BetweenOneFiveYears 2024-12-31 02007484 d:BetweenOneFiveYears 2023-12-31 02007484 2 2024-01-01 2024-12-31 02007484 4 2024-01-01 2024-12-31 02007484 6 2024-01-01 2024-12-31 02007484 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 02007484









Worthy International Travel Limited







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
Worthy International Travel Limited
REGISTERED NUMBER: 02007484

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
37,595
21,681

Investments
 5 
1,066,150
709,883

  
1,103,745
731,564

Current assets
  

Debtors: amounts falling due after more than one year
 6 
1,000,000
1,000,000

Debtors: amounts falling due within one year
 6 
2,383,433
1,205,440

Cash at bank and in hand
 7 
1,402,765
1,761,391

  
4,786,198
3,966,831

Creditors: amounts falling due within one year
 8 
(1,893,561)
(1,750,545)

Net current assets
  
 
 
2,892,637
 
 
2,216,286

Total assets less current liabilities
  
3,996,382
2,947,850

Provisions for liabilities
  

Deferred tax
 9 
(4,740)
(4,217)

  
 
 
(4,740)
 
 
(4,217)

Net assets
  
3,991,642
2,943,633


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
3,991,542
2,943,533

  
3,991,642
2,943,633


Page 1

 
Worthy International Travel Limited
REGISTERED NUMBER: 02007484
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 23 May 2025.




N J Butler
Director

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

Page 2

 
Worthy International Travel Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Worthy International Travel Limited is a private company limited by shares, domiciled in England and Wales, registration number 02007484. The registered office is 142 Buckingham Palace Road, London, England, SW1W 9TR.

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.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned from the sale of holiday and travel arrangements provided to customers, recognised on a date of departure basis.

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
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.

Page 3

 
Worthy International Travel Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
25%

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.

Page 4

 
Worthy International Travel Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Valuation of investments

Investments in listed company shares are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
Worthy International Travel Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

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


        2024
        2023
            No.
            No.







Sales and administration
23
18


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2024
60,436


Additions
36,676


Disposals
(36,780)



At 31 December 2024

60,332



Depreciation


At 1 January 2024
38,755


Charge for the year on owned assets
5,813


Disposals
(21,831)



At 31 December 2024

22,737



Net book value



At 31 December 2024
37,595



At 31 December 2023
21,681

Page 6

 
Worthy International Travel Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 January 2024
709,883


Additions
637,937


Disposals
(329,287)


Revaluations
47,617



At 31 December 2024
1,066,150




Page 7

 
Worthy International Travel Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
1,000,000
1,000,000

1,000,000
1,000,000


2024
2023
£
£

Due within one year

Trade debtors
71,535
53,380

Other debtors
2,187,493
1,075,849

Prepayments and accrued income
124,405
76,211

2,383,433
1,205,440


Included in other debtors due is a loan to N J Butler, a director, amounting to £1,829,253 (2023 - £762,045). The main conditions were as follows:
Interest rate charged at 2.25%.
£1,042,185 was repaid on 17th March 2025.


7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,402,765
1,761,391

1,402,765
1,761,391


Page 8

 
Worthy International Travel Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
360,420
322,378

Corporation tax
214,816
324,140

Other taxation and social security
30,195
20,593

Other creditors
44,912
51,258

Accruals and deferred income
1,243,218
1,032,176

1,893,561
1,750,545



9.


Deferred taxation




2024
2023


£

£






At beginning of year
(4,217)
(510)


Charged to profit or loss
(523)
(3,707)



At end of year
(4,740)
(4,217)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(8,268)
(4,217)

Pension surplus
15,433
-

Change in fair value
(11,905)
-

(4,740)
(4,217)


10.


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 £19,204 (2023 - £13,461). Contributions totalling £4,847 (2023 - £3,350) were payable to the fund at the reporting date and are included in creditors.

Page 9

 
Worthy International Travel Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Commitments under operating leases

At 31 December 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
59,845
-

Later than 1 year and not later than 5 years
382,842
-

442,687
-


12.


Holding company and ultimate controlling party

Noteworthy Limited, whose registered office is situated at 142 Buckingham Palace Road, London, England, SW1W 9TR, is the Company's immediate and ultimate parent.
The ultimate controlling party is N J Butler, a director of the company, by virtue of her ownership of the entire share capital of the holding company, Noteworthy Limited.
 
Page 10