Registration number: 07111983

GBTA Europe Limited

(Registration number: 07111983)
Statement of Financial Position as at 31 December 2024

	Note	2024 €	2023 €
Fixed assets
Investments	6	1	1
Current assets
Debtors	7	1,579,318	1,065,987
Cash at bank and in hand		697,730	451,381
		2,277,048	1,517,368
Creditors: Amounts falling due within one year	8	(729,422)	(482,911)
Net current assets		1,547,626	1,034,457
Total assets less current liabilities		1,547,627	1,034,458
Creditors: Amounts falling due after more than one year	8	(2,266,152)	(1,595,985)
Net liabilities		(718,525)	(561,527)
Capital and reserves
Retained earnings		(718,525)	(561,527)
Shareholders' deficit		(718,525)	(561,527)

GBTA Europe Limited

(Registration number: 07111983)
Statement of Financial Position as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 10 September 2025
 

......................................... Ms M S Neufang Director

GBTA Europe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
St. Mary's Court
The Broadway
Amersham
Buckinghamshire
HP7 0UT

These financial statements were authorised for issue by the director on 10 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

Basis of preparation

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure in required to show a true and fair view.

The financial statements are prepared in euro, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest €.

The financial statements have been prepared under the historical cost convention. The principle accounting policies adopted are set out below:

Group accounts not prepared

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small sized group. The company has therefore taken advantage of the exemption provided by section 399 of the Companies Act 2006 not to prepare group accounts..

Going concern

The unaudited financial statements have been prepared on the basis that the company can continue to operate as a going concern, despite having net liabilities of €718,525 (2023: €561,527).

The directors are of the opinion that with the guarantor's support and continuing governmental support for the aviation sector in Europe the company will have sufficient funds to enable it to continue to operate. The entity is continuing to grow financially as it expands throughout the region in the coming years.

GBTA Europe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable in respect of the provision of travel and meetings management services, stated net of discounts and of Value Added Tax.

Foreign currency transactions and balances

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tax

The taxation expenses represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Asset class	Depreciation method and rate
Website development costs	20% straight line
Computer equipment	33% straight line

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life.Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

GBTA Europe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Asset class	Amortisation method and rate
Goodwill	Fully amortised
Website development costs	Fully amortised

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulates impairment losses.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

Company Limited By Guarantee

The company is limited by guarantee in that every member undertakes to contribute such amounts as may be required in the event of the company being wound-up, for the payments of the debts, liabilities and the cost of winding up not exceeding €1 per member.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

GBTA Europe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Goodwill  €	Other intangible assets  €	Total €
Cost or valuation
At 1 January 2024	42,984	106,953	149,937
At 31 December 2024	42,984	106,953	149,937
Amortisation
At 1 January 2024	42,984	106,953	149,937
At 31 December 2024	42,984	106,953	149,937
Carrying amount
At 31 December 2024	-	-	-

5	Tangible assets

	Office equipment €	Total €
Cost or valuation
At 1 January 2024	1,024	1,024
At 31 December 2024	1,024	1,024
Depreciation
At 1 January 2024	1,024	1,024
At 31 December 2024	1,024	1,024
Carrying amount
At 31 December 2024	-	-

6	Investments

	2024 €	2023 €
Investments in subsidiaries	1	1

GBTA Europe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024