Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-312025-05-312024-06-01falseTour operator22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10183909 2024-06-01 2025-05-31 10183909 2023-06-01 2024-05-31 10183909 2025-05-31 10183909 2024-05-31 10183909 2023-06-01 10183909 5 2024-06-01 2025-05-31 10183909 5 2023-06-01 2024-05-31 10183909 d:Director2 2024-06-01 2025-05-31 10183909 e:PlantMachinery 2024-06-01 2025-05-31 10183909 e:PlantMachinery 2025-05-31 10183909 e:PlantMachinery 2024-05-31 10183909 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 10183909 e:CurrentFinancialInstruments 2025-05-31 10183909 e:CurrentFinancialInstruments 2024-05-31 10183909 e:CurrentFinancialInstruments e:WithinOneYear 2025-05-31 10183909 e:CurrentFinancialInstruments e:WithinOneYear 2024-05-31 10183909 e:ShareCapital 2024-06-01 2025-05-31 10183909 e:ShareCapital 2025-05-31 10183909 e:ShareCapital 2023-06-01 2024-05-31 10183909 e:ShareCapital 2024-05-31 10183909 e:ShareCapital 2023-06-01 10183909 e:RetainedEarningsAccumulatedLosses 2024-06-01 2025-05-31 10183909 e:RetainedEarningsAccumulatedLosses 2025-05-31 10183909 e:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 10183909 e:RetainedEarningsAccumulatedLosses 2024-05-31 10183909 e:RetainedEarningsAccumulatedLosses 2023-06-01 10183909 d:OrdinaryShareClass1 2024-06-01 2025-05-31 10183909 d:OrdinaryShareClass1 2025-05-31 10183909 d:OrdinaryShareClass1 2024-05-31 10183909 d:FRS102 2024-06-01 2025-05-31 10183909 d:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 10183909 d:FullAccounts 2024-06-01 2025-05-31 10183909 d:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 10183909 2 2024-06-01 2025-05-31 10183909 f:PoundSterling 2024-06-01 2025-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10183909









PLATINUM HOLIDAYS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2025

 
PLATINUM HOLIDAYS LTD
REGISTERED NUMBER: 10183909

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,256
1,261

  
1,256
1,261

Current assets
  

Debtors: amounts falling due within one year
 5 
254,974
212,571

Cash at bank and in hand
  
1,931,923
1,520,704

  
2,186,897
1,733,275

Creditors: amounts falling due within one year
 6 
(479,910)
(428,804)

Net current assets
  
 
 
1,706,987
 
 
1,304,471

Total assets less current liabilities
  
1,708,243
1,305,732

  

Net assets
  
1,708,243
1,305,732


Capital and reserves
  

Called up share capital 
 7 
30,000
30,000

Profit and loss account
 8 
1,678,243
1,275,732

  
1,708,243
1,305,732


Page 1

 
PLATINUM HOLIDAYS LTD
REGISTERED NUMBER: 10183909
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2025

The directors consider 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 directors acknowledge their 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 income statement 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 July 2025.




D A Wiles
Director

The notes on pages 6 to 11 form part of these financial statements.

Page 2

 
PLATINUM HOLIDAYS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2025


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 June 2024
30,000
1,275,732
1,305,732


Comprehensive income for the year

Profit for the year
-
402,511
402,511


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
402,511
402,511


Total transactions with owners
-
-
-


At 31 May 2025
30,000
1,678,243
1,708,243


The notes on pages 6 to 11 form part of these financial statements.

Page 3

 
PLATINUM HOLIDAYS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 June 2023
30,000
975,850
1,005,850


Comprehensive income for the year

Profit for the year
-
649,882
649,882


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
649,882
649,882


Contributions by and distributions to owners

Dividends: Equity capital
-
(350,000)
(350,000)


Total transactions with owners
-
(350,000)
(350,000)


At 31 May 2024
30,000
1,275,732
1,305,732


The notes on pages 6 to 11 form part of these financial statements.

Page 4

 
PLATINUM HOLIDAYS LTD
 

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MAY 2025

2025
2024
£
£

Cash flows from operating activities

Profit for the financial year
402,511
649,882

Adjustments for:

Depreciation of tangible assets
837
777

Interest paid
1,081
-

Interest received
(48,088)
(21,007)

Taxation charge
134,172
216,640

(Increase)/decrease in debtors
(42,403)
211,580

Increase/(decrease) in creditors
133,574
(377,386)

Corporation tax (paid)
(216,640)
(131,233)

Net cash generated from operating activities

365,044
549,253


Cash flows from investing activities

Purchase of tangible fixed assets
(832)
(739)

Interest received
48,088
21,007

Net cash from investing activities

47,256
20,268

Cash flows from financing activities

Dividends paid
-
(350,000)

Interest paid
(1,081)
-

Net cash used in financing activities
(1,081)
(350,000)

Net increase in cash and cash equivalents
411,219
219,521

Cash and cash equivalents at beginning of year
1,520,704
1,301,183

Cash and cash equivalents at the end of year
1,931,923
1,520,704


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
1,931,923
1,520,704

1,931,923
1,520,704


The notes on pages 6 to 11 form part of these financial statements.

Page 5

 
PLATINUM HOLIDAYS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

1.


General information

Platinum Holidays Limited is a private company limited by shares and incorporated in England under registered number 10183909. Its registered office is at 2nd Floor, Nucleus House, 2 Lower Mortlake Road, Richmond  TW9 2JA.

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

Going concern

Due to the consumer unease in relation to the current economic environment, with increasing energy
costs and inflation impact directors have continued to review the Company’s financial position, as well
as forecasts and plan mitigation actions in order to neutralise the financial impact from any significant
downturn in trading.
Given the Company's substantial cash reserves the directors are confident that the Company will have sufficient funds and cash reserves to continue to meet liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

 
2.3

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 6

 
PLATINUM HOLIDAYS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

 
2.4

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 is recognised on the date of departure basis.

 
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 countries where the Company operates and generates income.

 
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 7

 
PLATINUM HOLIDAYS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

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:

Plant and machinery
-
5 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.

In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

 
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

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 8

 
PLATINUM HOLIDAYS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

3.


Employees

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


        2025
        2024
            No.
            No.







Average number of employees
2
2


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 June 2024
3,566


Additions
832



At 31 May 2025

4,398



Depreciation


At 1 June 2024
2,305


Charge for the year on owned assets
837



At 31 May 2025

3,142



Net book value



At 31 May 2025
1,256



At 31 May 2024
1,261

Page 9

 
PLATINUM HOLIDAYS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

5.


Debtors

2025
2024
£
£


Other debtors
36,545
20,025

Prepayments and accrued income
218,429
192,546

254,974
212,571


Included in prepayments and accrued income is the sum of £214,918 (2024: £188,045) of supplier payments made in advance for departures from 1 June 2025 onwards.       


6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
134,172
216,640

Other creditors
9,888
3,782

Accruals and deferred income
335,850
208,382

479,910
428,804


Included in accruals and deferred income is the sum £268,876 (2024: £195,467) of customer monies received in advance for departures from 1 June 2025 onwards.       


7.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



30,000 (2024 - 30,000) Ordinary shares of £1.00 each
30,000
30,000



8.


Reserves

Profit and loss account

The profit and loss account represents the net distributable reserves of the Company at the date of the statement of financial position.

Page 10

 
PLATINUM HOLIDAYS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

9.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension charge represents contributions payable by the Company to the fund and amounted to  £120,000 (2024: £120,000).


10.


Controlling party

In the opinion of the directors there is no one controlling party.      

 
Page 11