TULIP HOLIDAYS LIMITED 30/09/2024 iXBRL

Company registration number: 03053978

TULIP HOLIDAYS LIMITED

Unaudited filleted financial statements

30 September 2024

Pearlman Rose

Chartered Accountants

Suite 1, First Floor

Jack Dash House

2 Lawn House Close

London, E14 9YQ

TULIP HOLIDAYS LIMITED

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

TULIP HOLIDAYS LIMITED

Directors and other information


	Directors	Mrs N. S. Sokmen Altindag
		Mrs N. I. Sokmen
		Mrs M. N. Sokmen-Kossoras


	Company number	03053978


	Registered office	99 Roehampton Vale
		London
		SW15 3PG


	Accountants	Pearlman Rose
		Suite 1, First Floor, Jack Dash House
		2 Lawn House Close
		London
		E14 9YQ




	Bankers	Barclays Bank Plc
		1 Churchill Place
		London
		E14 5HP

TULIP HOLIDAYS LIMITED

Statement of financial position

30 September 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	169,397		179,090
		_______		_______
			169,397		179,090

Current assets
Debtors	6	22,072		26,308
Investments	7	26,112		26,112
Cash at bank and in hand		44,221		104,479
		_______		_______
		92,405		156,899
Creditors: amounts falling due
within one year	8	( 30,161)		( 47,304)
		_______		_______
Net current assets			62,244		109,595
			_______		_______
Total assets less current liabilities			231,641		288,685


Provisions for liabilities			( 1,735)		( 1,735)

			_______		_______
Net assets			229,906		286,950
			_______		_______

Capital and reserves
Called up share capital			50,000		50,000
Profit and loss account			179,906		236,950
			_______		_______
Shareholders funds			229,906		286,950
			_______		_______

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mrs N. I. Sokmen

Director

Company registration number: 03053978

TULIP HOLIDAYS LIMITED

Statement of changes in equity

Year ended 30 September 2024

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 October 2022	50,000	236,061	286,061

(Loss)/profit for the year		20,889	20,889
	_______	_______	_______
Total comprehensive income for the year	-	20,889	20,889

Dividends paid and payable		( 20,000)	( 20,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 20,000)	( 20,000)

	_______	_______	_______
At 30 September 2023 and 1 October 2023	50,000	236,950	286,950

(Loss)/profit for the year		( 7,044)	( 7,044)
	_______	_______	_______
Total comprehensive income for the year	-	( 7,044)	( 7,044)

Dividends paid and payable		( 50,000)	( 50,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 50,000)	( 50,000)

	_______	_______	_______
At 30 September 2024	50,000	179,906	229,906
	_______	_______	_______

TULIP HOLIDAYS LIMITED

Notes to the financial statements

Year ended 30 September 2024

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 99 Roehampton Vale, London, SW15 3PG.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Freehold property	-	2 %	straight line
Long leasehold property	-	Straight line over the life of the lease
Plant and machinery	-	15 %	reducing balance

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

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2023: 1 ).

5. Tangible assets

	Freehold property	Short leasehold property	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1 October 2023 and 30 September 2024	275,550	-	30,272	305,822
	_______	_______	_______	_______
Depreciation
At 1 October 2023	104,709	-	22,023	126,732
Charge for the year	5,511	2,945	1,237	9,693
	_______	_______	_______	_______
At 30 September 2024	110,220	2,945	23,260	136,425
	_______	_______	_______	_______
Carrying amount
At 30 September 2024	165,330	( 2,945)	7,012	169,397
	_______	_______	_______	_______
At 30 September 2023	170,841	-	8,249	179,090
	_______	_______	_______	_______

6. Debtors

	2024	2023
	£	£
Trade debtors	1,083	1,083
Other debtors	20,989	25,225
	_______	_______
	22,072	26,308
	_______	_______

7. Investments

	2024	2023
	£	£
Investments	26,112	26,112
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	1,469	1,460
Corporation tax	4,332	7,126
Social security and other taxes	1,382	1,382
Other creditors	22,978	37,336
	_______	_______
	30,161	47,304
	_______	_______