REGISTERED NUMBER: 01799978 (England and Wales)

Audited Financial Statements for the Year Ended 31 March 2025

for

Soliman Travel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Wagdy Soliman

Mrs Maria Teresa Soliman

Miss Jane Soliman

SECRETARY:

Mrs Maria Teresa Soliman

REGISTERED OFFICE:

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

REGISTERED NUMBER:

01799978 (England and Wales)

AUDITORS:

Merali's

Chartered Accountants & Statutory Auditors

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

FIXED ASSETS

Intangible assets

4

-

60

Tangible assets

5

6,081

8,336

6,081

8,396

CURRENT ASSETS

Debtors

6

205,904

397,805

Cash at bank and in hand

237,422

331,567

443,326

729,372

CREDITORS

Amounts falling due within one year

7

(327,397

)

(626,818

)

NET CURRENT ASSETS

115,929

102,554

TOTAL ASSETS LESS CURRENT LIABILITIES

122,010

110,950

CAPITAL AND RESERVES

Called up share capital

8

100,000

100,000

Retained earnings

22,010

10,950

SHAREHOLDERS' FUNDS

122,010

110,950

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by:

Mrs Maria Teresa Soliman - Director

1.	STATUTORY INFORMATION

Soliman Travel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of airline tickets, travel packages, tours and accommodation. Revenue is recognised upon issue of air tickets and confirmation of bookings. Turnover is stated net of refunds payable to customers for cancellations in accordance with the terms of sale.

Intangible assets

Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life

Company software - straight line over life of 5 years

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

Straight line over 5 years

Tangible fixed assets are stated at cost less accumulated depreciation.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

After making enquiries, the directors have formed a judgement at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in its operational existence for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

22,769

AMORTISATION

At 1 April 2024

22,709

Charge for year

60

At 31 March 2025

22,769

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

60

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

262,836

5,908

268,744

DEPRECIATION

At 1 April 2024

258,544

1,864

260,408

Charge for year

1,073

1,182

2,255

At 31 March 2025

259,617

3,046

262,663

NET BOOK VALUE

At 31 March 2025

3,219

2,862

6,081

At 31 March 2024

4,292

4,044

8,336

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors/unissued ticket

contra

-

257,252

Trade debtors /tickets issued

14,592

23,898

Amounts owed by associates

-

677

Amounts paid in advance

74,234

-

Rent Deposits

3,037

3,037

Other Deposit

100,000

100,000

VAT

14,041

12,941

205,904

397,805

Other deposit of £100,000 is a long term debtor.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

273,977

181,881

Visa

(78

)

(78

)

Prepaid tickets/ Deposits

-

112,332

Refunds Due

8,974

24,872

Amounts owed to associates

383

-

Tax

3,119

15,609

Pensions

1,294

674

Other creditors

23,628

18,176

Deferred income contra

-

257,252

Accrued expenses

16,100

16,100

327,397

626,818

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100,000

Ordinary Share Capital

1

100,000

100,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ihsan Mustafa (Senior Statutory Auditor)

for and on behalf of Merali's

10.	SECURED DEBTS

Unlimited debentures held by the Lloyds Bank which are fixed and floating in addition there is a 1st Legal charge over the cash dated 11th of August 2020

11.	CONTROLLING PARTY

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Soliman Holding Limited, a UK based company being the parent company of Soliman Travel Limited, controlled the company by virtue of a controlling interest of 100% of the issued share capital. The ultimate controlling party is the directors, Mr & Mrs Soliman, by virtue of their 100% shareholding in Soliman Holding Ltd (parent company).