REGISTERED NUMBER: 02960999 (England and Wales)

Report of the Directors and

Audited Consolidated Financial Statements for the Year Ended 31 March 2025

for

Soliman Holdings Limited

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

3

Consolidated Income Statement

6

Consolidated Balance Sheet

7

Company Balance Sheet

8

Consolidated Statement of Changes in Equity

9

Company Statement of Changes in Equity

10

Notes to the Consolidated Financial Statements

11

DIRECTORS:

Mr Wagdy Soliman

Mrs Maria Teresa Soliman

SECRETARY:

Mrs Maria Teresa Soliman

REGISTERED OFFICE:

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

REGISTERED NUMBER:

02960999 (England and Wales)

AUDITORS:

Merali's

Chartered Accountants & Statutory Auditors

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of travel agent.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Mr Wagdy Soliman

Mrs Maria Teresa Soliman

POLITICAL DONATIONS AND EXPENDITURE

No donations were made during the year to any political party. The donation in question was made to a registered charity.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

In the absence of a notice proposing that the appointment be terminated, the auditors, Merali's, are deemed to be reappointed for the next financial year.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs Maria Teresa Soliman - Director

7 September 2025

Opinion

We have audited the financial statements of Soliman Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2025 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Group Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- enquiring of management including obtaining and reviewing supporting documentation concerning the company's policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of

non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;-performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.

- discussing among the engagement team including tax regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

- obtaining an understanding of the legal and regulatory framework that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the company. The key laws and regulations we considered in this context included the Companies Act 2006 and Tax legislation.

Audit response to risks identified

As a result of performing the above, we identified revenue recognition including revenues completeness and cut off as key audit matters/risks.

Our procedures to respond to risks identified included the following:

- In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business

- Substantive testing on sales to get assurance on sales completeness and cut-off as well as analytical procedures on gross profit margin.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Ihsan Mustafa (Senior Statutory Auditor)

for and on behalf of Merali's

Chartered Accountants & Statutory Auditors

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

8 September 2025

TURNOVER

5,846,860

5,527,869

Cost of sales

(5,394,671

)

(5,026,316

)

GROSS PROFIT

452,189

501,553

Administrative expenses

(502,400

)

(459,191

)

(50,211

)

42,362

Other operating income

62,438

15,919

OPERATING PROFIT

4

12,227

58,281

Interest receivable and similar income

7,106

7,511

19,333

65,792

Interest payable and similar expenses

(525

)

(742

)

PROFIT BEFORE TAXATION

18,808

65,050

Tax on profit

5

(3,706

)

(16,298

)

PROFIT FOR THE FINANCIAL YEAR

15,102

48,752

Profit attributable to:

Owners of the parent

15,102

48,752

FIXED ASSETS

Intangible assets

7

-

60

Tangible assets

8

6,082

8,337

Investments

9

-

-

Investment property

10

310,000

310,000

316,082

318,397

CURRENT ASSETS

Debtors

11

205,914

398,033

Cash at bank and in hand

484,599

553,970

690,513

952,003

CREDITORS

Amounts falling due within one year

12

(484,711

)

(733,617

)

NET CURRENT ASSETS

205,802

218,386

TOTAL ASSETS LESS CURRENT LIABILITIES

521,884

536,783

PROVISIONS FOR LIABILITIES

13

(42,212

)

(42,212

)

NET ASSETS

479,672

494,571

CAPITAL AND RESERVES

Called up share capital

14

100,000

100,000

Undistributable reserve

15

176,737

176,737

Retained earnings

202,935

217,834

SHAREHOLDERS' FUNDS

479,672

494,571

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

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2025 and were signed on its behalf by:

Mrs Maria Teresa Soliman - Director

FIXED ASSETS

Intangible assets

7

-

-

Tangible assets

8

1

1

Investments

9

100,000

100,000

Investment property

10

310,000

310,000

410,001

410,001

CURRENT ASSETS

Debtors

11

393

905

Cash at bank

247,178

222,404

247,571

223,309

CREDITORS

Amounts falling due within one year

12

(157,698

)

(107,478

)

NET CURRENT ASSETS

89,873

115,831

TOTAL ASSETS LESS CURRENT LIABILITIES

499,874

525,832

PROVISIONS FOR LIABILITIES

13

(42,212

)

(42,212

)

NET ASSETS

457,662

483,620

CAPITAL AND RESERVES

Called up share capital

14

100,000

100,000

Undistributable reserve

15

176,737

176,737

Retained earnings

180,925

206,883

SHAREHOLDERS' FUNDS

457,662

483,620

Company's profit for the financial year

4,042

4,480

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

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2025 and were signed on its behalf by:

Mrs Maria Teresa Soliman - Director

Called up

share

Retained

Undistributable

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

100,000

169,082

176,737

445,819

Changes in equity

Total comprehensive income

-

48,752

-

48,752

Balance at 31 March 2024

100,000

217,834

176,737

494,571

Changes in equity

Dividends

-

(30,000

)

-

(30,000

)

Total comprehensive income

-

15,101

-

15,101

Balance at 31 March 2025

100,000

202,935

176,737

479,672

Called up

share

Retained

Undistributable

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

100,000

202,403

176,737

479,140

Changes in equity

Total comprehensive income

-

4,480

-

4,480

Balance at 31 March 2024

100,000

206,883

176,737

483,620

Changes in equity

Dividends

-

(30,000

)

-

(30,000

)

Total comprehensive income

-

4,042

-

4,042

Balance at 31 March 2025

100,000

180,925

176,737

457,662

1.	STATUTORY INFORMATION

Soliman Holdings 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 General 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.

Basis of consolidation

The consolidated financial statements comprise the financial statements of the Company and subsidiaries controlled by the Company drawn up to 31 March 2025. Control exists when theGroup has direct or indirect power to govern the financial and operating policies of an entity so as to obtain economic benefits from its activities. Subsidiaries are included in the consolidated financial statements from the date that control transfers to the Group until thedate that control ceases. The financial statements of subsidiaries used in the preparation of the consolidated financial statements are prepared for the same reporting year as the Company.

Turnover

Group turnover represents net invoiced sales of airline tickets, travel packages, tours and accommodation. Sales are invoiced upon issue of air tickets and confirmation of bookings.

Group 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 the cost less estimated residual value of 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.

Computer equipment depreciated 20% on cost on a straight line basis.

Investment property

Investment properties are stated at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is charged on the investment properties.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group'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 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was 11 (2024 - 11 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

2,255

2,613

Computer software amortisation

60

4,534

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

3,706

16,298

Tax on profit

3,706

16,298

6.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

7.	INTANGIBLE FIXED ASSETS

Group

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

8.	TANGIBLE FIXED ASSETS

Group

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

270,722

5,908

276,630

DEPRECIATION

At 1 April 2024

266,429

1,864

268,293

Charge for year

1,073

1,182

2,255

At 31 March 2025

267,502

3,046

270,548

NET BOOK VALUE

At 31 March 2025

3,220

2,862

6,082

At 31 March 2024

4,293

4,044

8,337

Company

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

7,886

DEPRECIATION

At 1 April 2024

and 31 March 2025

7,885

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

9.	FIXED ASSET INVESTMENTS

Company

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

100,000

NET BOOK VALUE

At 31 March 2025

100,000

At 31 March 2024

100,000

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Soliman Travel Limited

Registered office: 162 Hammersmith Road, London, W6 7JP

Nature of business: Travel Agent

%

Class of shares:

holding

Ordinary Shares

100.00

31.3.25

31.3.24

£

£

Aggregate capital and reserves

122,010

110,950

Profit for the year

11,060

44,272

10.	INVESTMENT PROPERTY

Group

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

310,000

NET BOOK VALUE

At 31 March 2025

310,000

At 31 March 2024

310,000

The directors believe that the carrying amount reflect the fair value of the property at 162 Hammersmith as at 31st March 2025

Company

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

310,000

NET BOOK VALUE

At 31 March 2025

310,000

At 31 March 2024

310,000

The directors believe that the carrying amount reflect the fair value of the property at 162 Hammersmith as at 31st March 2025

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2025

2024

2025

2024

£

£

£

£

Trade debtors

14,592

281,150

-

-

Amounts owed by group undertakings

-

-

383

-

Other debtors

191,322

116,883

10

905

205,914

398,033

393

905

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2025

2024

2025

2024

£

£

£

£

Trade creditors

282,872

319,005

-

-

Amounts owed to group undertakings

-

-

-

677

Taxation and social security

5,361

17,334

948

1,051

Other creditors

196,478

397,278

156,750

105,750

484,711

733,617

157,698

107,478