REGISTERED NUMBER: 03460177 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHINA HOLIDAYS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Li

Mr M Zahra

Mr B Lamb

REGISTERED OFFICE:

4 Glentworth Street

London

NW1 5PG

REGISTERED NUMBER:

03460177 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

BANKERS:

Barclays Bank plc

Business Banking

Leicestershire

LE87 2BB

FIXED ASSETS

Tangible assets

4

9,859

10,622

CURRENT ASSETS

Debtors

5

190,239

334,586

Cash at bank and in hand

675,072

323,073

865,311

657,659

CREDITORS

Amounts falling due within one year

6

641,520

478,072

NET CURRENT ASSETS

223,791

179,587

TOTAL ASSETS LESS CURRENT LIABILITIES

233,650

190,209

PROVISIONS FOR LIABILITIES

7

47,956

47,956

NET ASSETS

185,694

142,253

CAPITAL AND RESERVES

Called up share capital

8

11,100

11,100

Capital redemption reserve

18,919

18,919

Retained earnings

155,675

112,234

SHAREHOLDERS' FUNDS

185,694

142,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 29 September 2025 and were signed on its behalf by:

Mr J Li - Director

1.	STATUTORY INFORMATION

China Holidays 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.

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.

Going concern

At the time of approving the financial statements the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents the invoiced sales of tour packages and tickets excluding value added tax and is accounted for by departure date.

Tangible fixed assets

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

Improvements to property

-

15% straight line

Fixtures and fittings

-

15% straight line

Website

-

20% straight line

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 also 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Website

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

1,146

89,073

48,039

138,258

DEPRECIATION

At 1 January 2024

1,146

78,451

48,039

127,636

Charge for year

-

763

-

763

At 31 December 2024

1,146

79,214

48,039

128,399

NET BOOK VALUE

At 31 December 2024

-

9,859

-

9,859

At 31 December 2023

-

10,622

-

10,622

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

14,696

122,955

Deposits and bonds

6,763

15,000

Amount due from related party

81,901

7,938

Other debtors

65,419

153,760

VAT

12,358

-

Prepayments and accrued income

9,102

34,933

190,239

334,586

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

495,248

389,208

Amount owed to related company

53,770

5,563

Tax

-

43

Social security and other taxes

3,304

2,275

Pension

667

589

VAT

-

5,599

Other creditors

53,621

60,468

Deposits in advance for travel

-

7,672

Directors' current accounts

1,000

1,000

Accrued expenses

33,910

5,655

641,520

478,072

7.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

2,888

2,888

Other provisions

45,068

45,068

47,956

47,956

Deferred

tax

£

Balance at 1 January 2024

2,888

Accelerated capital allowances

Balance at 31 December 2024

2,888

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

11,100

Ordinary

£1

11,100

11,100