Caseware UK (AP4) 2023.0.135 2023.0.135 2025-02-282025-02-282024-03-0165falseNo description of principal activity45truetruefalse 08024244 2024-03-01 2025-02-28 08024244 2023-03-01 2024-02-29 08024244 2025-02-28 08024244 2024-02-29 08024244 2023-03-01 08024244 2 2024-03-01 2025-02-28 08024244 2 2023-03-01 2024-02-29 08024244 d:Director2 2024-03-01 2025-02-28 08024244 e:Buildings e:LongLeaseholdAssets 2024-03-01 2025-02-28 08024244 e:Buildings e:LongLeaseholdAssets 2025-02-28 08024244 e:Buildings e:LongLeaseholdAssets 2024-02-29 08024244 e:LandBuildings 2025-02-28 08024244 e:LandBuildings 2024-02-29 08024244 e:OfficeEquipment 2024-03-01 2025-02-28 08024244 e:OfficeEquipment 2025-02-28 08024244 e:OfficeEquipment 2024-02-29 08024244 e:OfficeEquipment e:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 08024244 e:ComputerEquipment 2024-03-01 2025-02-28 08024244 e:ComputerEquipment 2025-02-28 08024244 e:ComputerEquipment 2024-02-29 08024244 e:ComputerEquipment e:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 08024244 e:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 08024244 e:CurrentFinancialInstruments 2025-02-28 08024244 e:CurrentFinancialInstruments 2024-02-29 08024244 e:Non-currentFinancialInstruments 2025-02-28 08024244 e:Non-currentFinancialInstruments 2024-02-29 08024244 e:CurrentFinancialInstruments e:WithinOneYear 2025-02-28 08024244 e:CurrentFinancialInstruments e:WithinOneYear 2024-02-29 08024244 e:Non-currentFinancialInstruments e:AfterOneYear 2025-02-28 08024244 e:Non-currentFinancialInstruments e:AfterOneYear 2024-02-29 08024244 e:ShareCapital 2025-02-28 08024244 e:ShareCapital 2024-02-29 08024244 e:ShareCapital 2023-03-01 08024244 e:SharePremium 2024-03-01 2025-02-28 08024244 e:SharePremium 2025-02-28 08024244 e:SharePremium 2 2024-03-01 2025-02-28 08024244 e:SharePremium 2024-02-29 08024244 e:SharePremium 2023-03-01 08024244 e:SharePremium 2 2023-03-01 2024-02-29 08024244 e:RetainedEarningsAccumulatedLosses 2024-03-01 2025-02-28 08024244 e:RetainedEarningsAccumulatedLosses 2025-02-28 08024244 e:RetainedEarningsAccumulatedLosses 2 2024-03-01 2025-02-28 08024244 e:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 08024244 e:RetainedEarningsAccumulatedLosses 2024-02-29 08024244 e:RetainedEarningsAccumulatedLosses 2023-03-01 08024244 e:RetainedEarningsAccumulatedLosses 2 2023-03-01 2024-02-29 08024244 e:AcceleratedTaxDepreciationDeferredTax 2025-02-28 08024244 e:AcceleratedTaxDepreciationDeferredTax 2024-02-29 08024244 e:TaxLossesCarry-forwardsDeferredTax 2025-02-28 08024244 e:TaxLossesCarry-forwardsDeferredTax 2024-02-29 08024244 e:RetirementBenefitObligationsDeferredTax 2025-02-28 08024244 e:RetirementBenefitObligationsDeferredTax 2024-02-29 08024244 d:OrdinaryShareClass1 2024-03-01 2025-02-28 08024244 d:OrdinaryShareClass1 2025-02-28 08024244 d:OrdinaryShareClass1 2024-02-29 08024244 d:FRS102 2024-03-01 2025-02-28 08024244 d:Audited 2024-03-01 2025-02-28 08024244 d:FullAccounts 2024-03-01 2025-02-28 08024244 d:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 08024244 d:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 08024244 2 2024-03-01 2025-02-28 08024244 e:ShareCapital 2 2024-03-01 2025-02-28 08024244 e:ShareCapital 2 2023-03-01 2024-02-29 08024244 f:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08024244










YELLOW ZEBRA TRAVEL LTD










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
YELLOW ZEBRA TRAVEL LTD
REGISTERED NUMBER: 08024244

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 5 
87,337
35,998

Current assets
  

Debtors: amounts falling due within one year
 6 
2,512,616
1,318,557

Cash at bank and in hand
 7 
1,421,831
3,038,309

  
3,934,447
4,356,866

Creditors: amounts falling due within one year
 8 
(2,761,444)
(2,586,561)

Net current assets
  
 
 
1,173,003
 
 
1,770,305

Total assets less current liabilities
  
1,260,340
1,806,303

Creditors: amounts falling due after more than one year
 9 
(112,313)
(35,484)

Provisions for liabilities
  

Deferred tax
 10 
-
(2,604)

  
 
 
-
 
 
(2,604)

Net assets
  
1,148,027
1,768,215


Capital and reserves
  

Called up share capital 
 11 
100,000
100,000

Share premium account
 12 
2,770,000
2,770,000

Profit and loss account
 12 
(1,721,973)
(1,101,785)

  
1,148,027
1,768,215


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 by: 



J D J Carter-Manning
Page 1

 
YELLOW ZEBRA TRAVEL LTD
REGISTERED NUMBER: 08024244
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2025

Director

Date: 20 August 2025

The notes on pages 4 to 11 form part of these financial statements.

Page 2

 
YELLOW ZEBRA TRAVEL LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2025


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

£
£
£
£


At 1 March 2023
100,000
2,770,000
(1,336,951)
1,533,049


Comprehensive income for the year

Profit for the year
-
-
203,754
203,754


Contributions by and distributions to owners

Share-based payments
-
-
31,412
31,412



At 1 March 2024
100,000
2,770,000
(1,101,785)
1,768,215


Comprehensive income for the year

Loss for the year
-
-
(650,640)
(650,640)


Contributions by and distributions to owners

Share-based payments
-
-
30,452
30,452


At 28 February 2025
100,000
2,770,000
(1,721,973)
1,148,027


The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
YELLOW ZEBRA TRAVEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

Yellow Zebra Travel Ltd is a private company limited by shares incorporated in England and Wales, United Kingdom.
The address of the registered office is given on the Company Information page of these financial statements.
The principal acitivity continued to be 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 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 judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have prepared forecasts taking into account their assessment of the performance of the business and are confident that the Company will be able to continue to meet their liabilities as they fall due for a period of not less than 12 months from the date these accounts are signed.
The directors consider it appropriate to prepare the financial statements on a going concern basis as a result.

 
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 4

 
YELLOW ZEBRA TRAVEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.4

Turnover

Turnover represents amounts receivable from commission and similar earnings receivable in respect of travel agency activities and gross revenue derived from tour operations carried out in a principal activity net of VAT and trade discounts. Turnover is recognised on a departure date basis.

 
2.5

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.

 
2.6

Interest income

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

 
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.

 
2.8

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

Page 5

 
YELLOW ZEBRA TRAVEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.9

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.


 
2.10

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
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 6

 
YELLOW ZEBRA TRAVEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 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.

 
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

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts, debtors and creditors.



3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.


4.


Employees

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


        2025
        2024
            No.
            No.







Staff
65
45

The company operates the payroll of associated companies, these costs are recharged to that company and those employees are not included in the above.

Page 7

 
YELLOW ZEBRA TRAVEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

5.


Tangible fixed assets







Long-term leasehold property
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2024
-
9,731
35,185
44,916


Additions
25,972
12,344
31,317
69,633


Disposals
-
(3,371)
-
(3,371)



At 28 February 2025

25,972
18,704
66,502
111,178



Depreciation


At 1 March 2024
-
2,138
6,780
8,918


Charge for the year on owned assets
389
3,012
12,646
16,047


Disposals
-
(1,124)
-
(1,124)



At 28 February 2025

389
4,026
19,426
23,841



Net book value



At 28 February 2025
25,583
14,678
47,076
87,337



At 29 February 2024
-
7,593
28,405
35,998




The net book value of land and buildings may be further analysed as follows:


28 February
29 February
2025
2024
£
£

Long leasehold
25,583
-

25,583
-


Page 8

 
YELLOW ZEBRA TRAVEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

6.


Debtors

28 February
29 February
2025
2024
£
£


Trade debtors
7,815
2,835

Amounts owed by group undertakings
1,371,244
732,895

Other debtors
443,222
222,427

Prepayments and accrued income
486,271
360,400

Deferred taxation
204,064
-

2,512,616
1,318,557


Prepayments and accrued income includes advanced payments to suppliers for departures after the Statement of Financial Position date amounting to £330,961 (2024: £207,888).


7.


Cash and cash equivalents

28 February
29 February
2025
2024
£
£

Cash at bank and in hand
1,421,831
3,038,309

1,421,831
3,038,309



8.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Trade creditors
95,981
82,006

Amounts owed to group undertakings
22,165
10,399

Corporation tax
(15,010)
6,321

Other taxation and social security
316,773
319,831

Other creditors
205,372
98,788

Accruals and deferred income
2,136,163
2,069,216

2,761,444
2,586,561


Accruals and deferred income includes advanced receipts from customers for departures after the Statement of Financial Position date amounting to £1,875,508 (2024: £1,791,652).

Page 9

 
YELLOW ZEBRA TRAVEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

9.


Creditors: Amounts falling due after more than one year

28 February
29 February
2025
2024
£
£

Accruals and deferred income
112,313
35,484


The full balance of accruals and deferred income includes advanced receipts from customers for departures on or after 01 March 2025.


10.


Deferred taxation






2025
2024


£

£






At beginning of year
(2,604)
42,483


Charged to profit or loss
206,668
(45,087)



At end of year
204,064
(2,604)

The deferred taxation balance is made up as follows:

28 February
29 February
2025
2024
£
£


Fixed asset timing differences
(21,658)
(8,824)

Short term timing differences
41,976
6,220

Losses and other deductions
183,746
-

204,064
(2,604)


11.


Share capital

28 February
29 February
2025
2024
£
£
Allotted, called up and fully paid



100,000 (2024 - 100,000) Ordinary Shares shares of £1.00 each
100,000
100,000


Page 10

 
YELLOW ZEBRA TRAVEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

12.


Reserves

Share premium account

Share premium includes any premium received on issue of share capital.

Profit and loss account

Profit and loss includes all current and prior periods retained profit and share-based payment reserve.


13.


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 £143,030 (2024: £89,330). Contributions totalling £75,709 (2024: £52,753) were payable to the fund at the reporting date.


14.


Controlling party

The Company is controlled by Wilderness Safaris Ltd.


15.


Auditors' information

The auditors' report on the financial statements for the year ended 28 February 2025 was unqualified.

The audit report was signed on 20 August 2025 by Ian Palmer FCA (Senior Statutory Auditor) on behalf of Xeinadin Audit Limited.

 
Page 11