Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity1411truetruefalse 01506133 2024-01-01 2024-12-31 01506133 c:KeyManagementIndividualGroup4 2024-01-01 2024-12-31 01506133 c:KeyManagementIndividualGroup3 2024-01-01 2024-12-31 01506133 c:KeyManagementIndividualGroup2 2024-01-01 2024-12-31 01506133 c:KeyManagementIndividualGroup1 2024-01-01 2024-12-31 01506133 2023-01-01 2023-12-31 01506133 2024-12-31 01506133 c:KeyManagementIndividualGroup3 2024-12-31 01506133 2023-12-31 01506133 2023-01-01 01506133 d:CompanySecretary1 2024-01-01 2024-12-31 01506133 d:Director1 2024-01-01 2024-12-31 01506133 d:Director2 2024-01-01 2024-12-31 01506133 d:Director3 2024-01-01 2024-12-31 01506133 d:RegisteredOffice 2024-01-01 2024-12-31 01506133 c:PlantMachinery 2024-01-01 2024-12-31 01506133 c:MotorVehicles 2024-01-01 2024-12-31 01506133 c:MotorVehicles 2024-12-31 01506133 c:MotorVehicles 2023-12-31 01506133 c:MotorVehicles c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01506133 c:FurnitureFittings 2024-01-01 2024-12-31 01506133 c:FurnitureFittings 2024-12-31 01506133 c:FurnitureFittings 2023-12-31 01506133 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01506133 c:OfficeEquipment 2024-01-01 2024-12-31 01506133 c:OfficeEquipment 2024-12-31 01506133 c:OfficeEquipment 2023-12-31 01506133 c:OfficeEquipment c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01506133 c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01506133 c:ComputerSoftware 2024-12-31 01506133 c:ComputerSoftware 2023-12-31 01506133 c:CurrentFinancialInstruments 2024-12-31 01506133 c:CurrentFinancialInstruments 2023-12-31 01506133 c:CurrentFinancialInstruments 1 2024-12-31 01506133 c:CurrentFinancialInstruments 1 2023-12-31 01506133 c:Non-currentFinancialInstruments 2024-12-31 01506133 c:Non-currentFinancialInstruments 2023-12-31 01506133 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 01506133 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 01506133 c:Non-currentFinancialInstruments c:AfterOneYear 2024-12-31 01506133 c:Non-currentFinancialInstruments c:AfterOneYear 2023-12-31 01506133 c:ShareCapital 2024-12-31 01506133 c:ShareCapital 2023-12-31 01506133 c:RetainedEarningsAccumulatedLosses 2024-12-31 01506133 c:RetainedEarningsAccumulatedLosses 2023-12-31 01506133 d:FRS102 2024-01-01 2024-12-31 01506133 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01506133 d:FullAccounts 2024-01-01 2024-12-31 01506133 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01506133 c:Subsidiary1 2024-01-01 2024-12-31 01506133 c:Subsidiary1 1 2024-01-01 2024-12-31 01506133 c:WithinOneYear 2024-12-31 01506133 c:WithinOneYear 2023-12-31 01506133 c:BetweenOneFiveYears 2024-12-31 01506133 c:BetweenOneFiveYears 2023-12-31 01506133 c:ComputerSoftware c:InternallyGeneratedIntangibleAssets 2024-01-01 2024-12-31 01506133 2 2024-01-01 2024-12-31 01506133 6 2024-01-01 2024-12-31 01506133 7 2024-01-01 2024-12-31 01506133 c:ComputerSoftware c:OwnedIntangibleAssets 2024-01-01 2024-12-31 01506133 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 01506133


CLUB EUROPE HOLIDAYS LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024

 
CLUB EUROPE HOLIDAYS LIMITED
 
 
COMPANY INFORMATION


Directors
T M Johnson 
L F Johnson 
F K Johnson 




Company secretary
F K Johnson



Registered number
01506133



Registered office
22-24 Jaggard Way
Wandsworth

London

SW12 8SG




Accountants
Xeinadin London Limited
Accountants

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD





 
CLUB EUROPE HOLIDAYS LIMITED
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 12


 
CLUB EUROPE HOLIDAYS LIMITED
REGISTERED NUMBER: 01506133

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
84,185
96,082

Tangible assets
 5 
50,367
58,967

Investments
 6 
2,000
2,000

  
136,552
157,049

Current assets
  

Debtors: amounts falling due within one year
 7 
1,215,577
1,092,375

Cash at bank and in hand
  
3,544,456
3,227,975

  
4,760,033
4,320,350

Creditors: amounts falling due within one year
 8 
(3,576,851)
(3,433,402)

Net current assets
  
 
 
1,183,182
 
 
886,948

Total assets less current liabilities
  
1,319,734
1,043,997

Creditors: amounts falling due after more than one year
 9 
(62,446)
(10,946)

  

Net assets
  
1,257,288
1,033,051


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Profit and loss account
  
1,207,288
983,051

  
1,257,288
1,033,051


Page 1

 
CLUB EUROPE HOLIDAYS LIMITED
REGISTERED NUMBER: 01506133
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 by: 


T M Johnson
Director

Date: 16 June 2025

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
CLUB EUROPE HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Club Europe Holidays Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is detailed in the Company information page of these financial statements.
The nature of the Company's operations and principal activities are that of a tour operator.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

Turnover represents amounts receivable from the sale of tours and other services supplied to customers net of VAT and arises primarily in the United Kingdom. Revenue and expenses relating to tours are recognised in the profit and loss account on departure and the related costs of distribution and of providing the holidays and flights are charged to the profit and loss account on the same basis. 

 
2.3

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:

Office equipment
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance

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 3

 
CLUB EUROPE HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.


 
2.9

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.

 
2.10

Operating leases: the Company as lessee

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.

Page 4

 
CLUB EUROPE HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

 
2.14

Interest income

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

  
2.15

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Page 5

 
CLUB EUROPE HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.16

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.

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.


  
2.17

Advanced receipts and payments

All revenue received relating to bookings that depart after the balance sheet date is treated as advance receipts and is separately disclosed under accruals and deferred income. Payments made to suppliers relating to bookings that depart after the balance sheet date are treated as advance payments and are separately disclosed under prepayments and accrued income.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 11).

Page 6

 
CLUB EUROPE HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Computer software

£



Cost


At 1 January 2024
204,249


Additions - internal
9,210



At 31 December 2024

213,459



Amortisation


At 1 January 2024
108,167


Charge for the year on owned assets
21,107



At 31 December 2024

129,274



Net book value



At 31 December 2024
84,185



At 31 December 2023
96,082



Page 7

 
CLUB EUROPE HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost


At 1 January 2024
47,506
102,356
258,161
408,023


Additions
-
-
5,486
5,486



At 31 December 2024

47,506
102,356
263,647
413,509



Depreciation


At 1 January 2024
18,234
96,826
233,996
349,056


Charge for the year on owned assets
6,535
1,235
6,316
14,086



At 31 December 2024

24,769
98,061
240,312
363,142



Net book value



At 31 December 2024
22,737
4,295
23,335
50,367



At 31 December 2023
29,272
5,530
24,165
58,967

Page 8

 
CLUB EUROPE HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 January 2024
2,000



At 31 December 2024
2,000





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

Club Europe International Limited
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:

Name
Aggregate of share capital and reserves

Club Europe International Limited
320,729

Page 9

 
CLUB EUROPE HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Debtors

2024
2023
£
£


Other debtors
31,568
22,592

Prepayments and accrued income
458,690
569,783

Fixed term deposits
725,319
500,000

1,215,577
1,092,375


Prepayments and accrued income includes advanced payments to suppliers for departures after the balance sheet date amounting to £391,151 (2023: £528,167).


8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
49,627
61,435

Amounts owed to group undertakings
321,109
321,109

Corporation tax
268,624
207,275

Other taxation and social security
16,947
42,443

Other creditors
269,124
228,084

Accruals and deferred income
2,651,420
2,573,056

3,576,851
3,433,402


Accruals and deferred income includes advanced receipts from customers for departures after the balance sheet date amounting to £2,528,857 (2023: £2,452,693).

Page 10

 
CLUB EUROPE HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
8,946
8,946

Accruals and deferred income
53,500
2,000

62,446
10,946



10.


Deferred taxation


2023


£






At beginning of year
42,017


Charged to profit or loss
(42,017)



At end of year
-


11.


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 £11,059 (2023: £9,391). Contributions totalling £500 (2023: £500) were payable to the fund at the reporting date and are included in creditors.


12.


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
71,135
68,135

Later than 1 year and not later than 5 years
207,727
266,862

278,862
334,997

Page 11

 
CLUB EUROPE HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

13.Other financial commitments

Legal charges and securities
Barclays Bank Plc have a fixed charge dated 23 September 1997 over all monies due or to become due from the company on any account whatsoever 


14.


Related party transactions

During the year, the director T M Johnson and was declared a dividend of £92,818 (2023: £67,504). At the year end, £Nil (2023: £nil) remained payable.   
During the year, the director L F Johnson was declared a dividend of £123,750 (2023: £90,000). At the year end, £Nil (2023: £nil) remained payable.
During the year, the director F K Johnson was declared a dividend of £92,807 (2023: £67,496). At the year end, £Nil (2023: £nil) remained payable.
During the year, shareholder The I.M Johnson Will Trust was declared a dividend of £178,750 (2023: £130,000). At the year end, £78,215 (2023: £Nil) remained payable.
During the year, shareholder I.M Johnson Life Interest Settlement Trust was declared a dividend of £61,875 (2023: £45,000). The full amount was paid during the year. 
The Company's other related party transactions were with wholly owned group companies, so therefore have not been disclosed.


15.


Controlling party

The Company is controlled by the directors by virtue of their shareholding.

 
Page 12