Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-312025-05-31false10false2024-06-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Travel agent8true 03042161 2024-06-01 2025-05-31 03042161 2023-06-01 2024-05-31 03042161 2025-05-31 03042161 2024-05-31 03042161 2023-06-01 03042161 5 2024-06-01 2025-05-31 03042161 5 2023-06-01 2024-05-31 03042161 d:Director2 2024-06-01 2025-05-31 03042161 e:Buildings e:ShortLeaseholdAssets 2024-06-01 2025-05-31 03042161 e:Buildings e:ShortLeaseholdAssets 2025-05-31 03042161 e:Buildings e:ShortLeaseholdAssets 2024-05-31 03042161 e:PlantMachinery 2024-06-01 2025-05-31 03042161 e:PlantMachinery 2025-05-31 03042161 e:PlantMachinery 2024-05-31 03042161 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 03042161 e:ComputerEquipment 2024-06-01 2025-05-31 03042161 e:ComputerEquipment 2025-05-31 03042161 e:ComputerEquipment 2024-05-31 03042161 e:ComputerEquipment e:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 03042161 e:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 03042161 e:CurrentFinancialInstruments 2025-05-31 03042161 e:CurrentFinancialInstruments 2024-05-31 03042161 e:Non-currentFinancialInstruments 2025-05-31 03042161 e:Non-currentFinancialInstruments 2024-05-31 03042161 e:CurrentFinancialInstruments e:WithinOneYear 2025-05-31 03042161 e:CurrentFinancialInstruments e:WithinOneYear 2024-05-31 03042161 e:Non-currentFinancialInstruments e:AfterOneYear 2025-05-31 03042161 e:Non-currentFinancialInstruments e:AfterOneYear 2024-05-31 03042161 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2025-05-31 03042161 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-05-31 03042161 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2025-05-31 03042161 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-05-31 03042161 e:ShareCapital 2024-06-01 2025-05-31 03042161 e:ShareCapital 2025-05-31 03042161 e:ShareCapital 2023-06-01 2024-05-31 03042161 e:ShareCapital 2024-05-31 03042161 e:ShareCapital 2023-06-01 03042161 e:SharePremium 2024-06-01 2025-05-31 03042161 e:SharePremium 2025-05-31 03042161 e:SharePremium 2023-06-01 2024-05-31 03042161 e:SharePremium 2024-05-31 03042161 e:SharePremium 2023-06-01 03042161 e:RetainedEarningsAccumulatedLosses 2024-06-01 2025-05-31 03042161 e:RetainedEarningsAccumulatedLosses 2025-05-31 03042161 e:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 03042161 e:RetainedEarningsAccumulatedLosses 2024-05-31 03042161 e:RetainedEarningsAccumulatedLosses 2023-06-01 03042161 d:OrdinaryShareClass1 2024-06-01 2025-05-31 03042161 d:OrdinaryShareClass1 2025-05-31 03042161 d:OrdinaryShareClass1 2024-05-31 03042161 d:OrdinaryShareClass2 2024-06-01 2025-05-31 03042161 d:OrdinaryShareClass2 2025-05-31 03042161 d:OrdinaryShareClass2 2024-05-31 03042161 d:OrdinaryShareClass3 2024-06-01 2025-05-31 03042161 d:OrdinaryShareClass3 2025-05-31 03042161 d:OrdinaryShareClass3 2024-05-31 03042161 d:OrdinaryShareClass4 2024-06-01 2025-05-31 03042161 d:OrdinaryShareClass4 2025-05-31 03042161 d:OrdinaryShareClass4 2024-05-31 03042161 d:FRS102 2024-06-01 2025-05-31 03042161 d:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 03042161 d:FullAccounts 2024-06-01 2025-05-31 03042161 d:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 03042161 e:WithinOneYear 2025-05-31 03042161 e:WithinOneYear 2024-05-31 03042161 e:AcceleratedTaxDepreciationDeferredTax 2025-05-31 03042161 e:AcceleratedTaxDepreciationDeferredTax 2024-05-31 03042161 2 2024-06-01 2025-05-31 03042161 4 2024-06-01 2025-05-31 03042161 f:PoundSterling 2024-06-01 2025-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03042161









SKI LINE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2025

 
SKI LINE LIMITED
REGISTERED NUMBER: 03042161

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
25,645
21,579

  
25,645
21,579

Current assets
  

Debtors: amounts falling due within one year
 5 
745,649
591,195

Cash at bank and in hand
 6 
770,009
741,624

  
1,515,658
1,332,819

Creditors: amounts falling due within one year
 7 
(975,386)
(802,613)

Net current assets
  
 
 
540,272
 
 
530,206

Total assets less current liabilities
  
565,917
551,785

Creditors: amounts falling due after more than one year
 8 
(45,833)
(95,833)

Provisions for liabilities
  

Deferred tax
 10 
(6,411)
(5,394)

  
 
 
(6,411)
 
 
(5,394)

Net assets
  
513,673
450,558


Capital and reserves
  

Called up share capital 
 11 
111
111

Share premium account
 12 
274,989
274,989

Profit and loss account
 12 
238,573
175,458

  
513,673
450,558


Page 1

 
SKI LINE LIMITED
REGISTERED NUMBER: 03042161
    
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 6 August 2025.




A Kinloch
Director

The notes on pages 6 to 14 form part of these financial statements.

Page 2

 
SKI LINE LIMITED
 

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


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 June 2024
111
274,989
175,458
450,558



Profit for the year
-
-
163,100
163,100
Total comprehensive income for the year
-
-
163,100
163,100


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(99,985)
(99,985)


At 31 May 2025
111
274,989
238,573
513,673


The notes on pages 6 to 14 form part of these financial statements.

Page 3

 
SKI LINE LIMITED
 

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


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 June 2023
111
274,989
(508)
274,592


Comprehensive income for the year

Profit for the year
-
-
175,966
175,966
Total comprehensive income for the year
-
-
175,966
175,966


At 31 May 2024
111
274,989
175,458
450,558


The notes on pages 6 to 14 form part of these financial statements.

Page 4

 
SKI LINE LIMITED
 

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MAY 2025

2025
2024
£
£

Cash flows from operating activities

Profit for the financial year
163,100
175,966

Adjustments for:

Depreciation of tangible assets
17,750
13,657

Interest paid
10,575
15,870

Interest received
(7,400)
(5,472)

Taxation charge
53,620
56,170

(Increase) in debtors
(154,454)
(286,894)

Increase in creditors
162,120
61,723

Corporation tax (paid)/received
(41,950)
-

Net cash generated from operating activities

203,361
31,020


Cash flows from investing activities

Purchase of tangible fixed assets
(21,816)
-

Interest received
7,400
5,472

Net cash from investing activities

(14,416)
5,472

Cash flows from financing activities

Repayment of loans
(50,000)
(50,000)

Dividends paid
(99,985)
-

Interest paid
(10,575)
(15,870)

Net cash used in financing activities
(160,560)
(65,870)

Net increase/(decrease) in cash and cash equivalents
28,385
(29,378)

Cash and cash equivalents at beginning of year
741,624
771,002

Cash and cash equivalents at the end of year
770,009
741,624


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
770,009
741,624

770,009
741,624


The notes on pages 6 to 14 form part of these financial statements.

Page 5

 
SKI LINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

1.


General information

Ski Line Limited is a private company limited by shares and incorporated in England under registered number 03042161. 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 consumer unease in relation to the current economic environment, with increasing energy costs and inflation impact, has meant that Company management and the directors have continued to review the Company’s financial position, and plan mitigation actions in order to neutralise the financial impact from the significant downturn in trading.
Given the Company's good 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.

Page 6

 
SKI LINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

 
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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income Statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents commissions earned on the sale of ski holidays, which are recognised once the supplier has been paid.

 
2.5

Interest income

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

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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 7

 
SKI LINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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, as per table below.

Depreciation is provided on the following basis:

Short-term leasehold property
-
over the lease term
Plant and machinery
-
3 years straight line
Software development
-
between 3 and 6 years on a straight line basis

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 8

 
SKI LINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

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.


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
10
8

Page 9

 
SKI LINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Software development
Total

£
£
£
£



Cost or valuation


At 1 June 2024
26,260
76,347
247,114
349,721


Additions
-
21,816
-
21,816



At 31 May 2025

26,260
98,163
247,114
371,537



Depreciation


At 1 June 2024
26,260
76,347
225,535
328,142


Charge for the year on owned assets
-
4,775
12,975
17,750



At 31 May 2025

26,260
81,122
238,510
345,892



Net book value



At 31 May 2025
-
17,041
8,604
25,645



At 31 May 2024
-
-
21,579
21,579


5.


Debtors

2025
2024
£
£


Other debtors
68,571
84,969

Prepayments and accrued income
677,078
506,226

745,649
591,195


Included in prepayments and accrued income is the sum of £668,219 (2024: £497,858) of supplier payments made in advance for departures from 1 June 2025 onwards.

Page 10

 
SKI LINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
770,009
741,624

770,009
741,624



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
50,000
50,000

Corporation tax
52,603
41,952

Other taxation and social security
10,274
20,524

Other creditors
97,459
85,830

Accruals and deferred income
765,050
604,307

975,386
802,613


Included in accruals and deferred income is the sum of £732,473 (2024: £566,180) of customer monies received in advance for departures from 1 June 2025 onwards.


8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
45,833
95,833

45,833
95,833


Page 11

 
SKI LINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

9.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
50,000
50,000


50,000
50,000

Amounts falling due 1-2 years

Bank loans
45,833
50,000


45,833
50,000

Amounts falling due 2-5 years

Bank loans
-
45,833


-
45,833


95,833
145,833


The bank loan is from HSBC UK and is supported by the Coronavirus Business Interruption Loan Scheme. The loan is for a term of 72 months with no capital repayments or interest payments for the first twelve months. Thereafter, interest is payable at 3.99% per annum over the bank base rate.

Page 12

 
SKI LINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

10.


Deferred taxation




2025
2024


£

£






At beginning of year
(5,394)
8,824


Charged to profit or loss
(1,017)
(14,218)



At end of year
(6,411)
(5,394)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(6,411)
(5,394)

(6,411)
(5,394)


11.


Share capital

2025
2024
£
£
Authorised, allotted, called up and fully paid



4,722 (2024 - 4,722) A Ordinary shares of £0.01 each
47
47
4,723 (2024 - 4,723) B Ordinary shares of £0.01 each
47
47
1,111 (2024 - 1,111) C Ordinary shares of £0.01 each
11
11
555 (2024 - 555) D Ordinary shares of £0.01 each
6
6

111

111

The above shares rank equally for voting and dividend distribution purposes.



12.


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 13

 
SKI LINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

13.


Contingent liabilities

As at 31 May 2025 there were contingent liabilities outstanding in respect of counter indemnities given by the Company, in the normal course of business, to the Company's bond insurance obligors in respect of ABTA travel bonds amounting to £190,506 (2024: £186,238).       


14.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held seperately 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 £77,358 (2024: £60,159).


15.


Commitments under operating leases

At 31 May 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
-
17,500

-
17,500


16.


Related party transactions

During the year, the Company incurred rent expenses of £6,083 (2024:£17,500) for premises owned by the directors through their pension funds.       


17.


Cash collateral and fixed charge

As at 31 May 2025 HSBC UK Bank Plc has a fixed and floating charge, dated 6 April 2021 over the assets of the Company to secure bank borrowings.


18.


Controlling party

The Company is controlled by its directors Sarah Saxon and Angus Kinloch who jointly hold 85% of the issued share capital of the Company.      

 
Page 14