STI_Travel_International_Ltd_30_Apr_2025_companies_house_set_of

STI Travel International Ltd

Statement of Financial Position

30 April 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	267		400
Current assets
Debtors	6	257,968		180,200
Cash at bank and in hand		113,579		72,181
		371,547		252,381
Creditors: amounts falling due within one year	7	(234,827	)	(151,953	)
Net current assets		136,720		100,428
Total assets less current liabilities		136,987		100,828
Creditors: amounts falling due after more than one year	8	(100,689	)	(106,034	)
Net assets/(liabilities)		36,298		(5,206	)
Capital and reserves
Called up share capital		50,000		50,000
Profit and loss account		(13,702	)	(55,206	)
Shareholders funds/(deficit)		36,298		(5,206	)

For the year ending

30 April 2025

, 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.

In accordance with Section 444 of the Companies Act 2006, the income statement 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:

S A Ibrahim

Director

Company registration number:

05988265

STI Travel International Ltd

Notes to the Financial Statements

Year ended

30 April 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Amp House, 4th Floor, Suite 17

Dingwall Road

Croydon

, ,

CR0 2LX

, United Kingdom.

2 Statement of compliance

These

financial statements

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

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Going concern

On the basis of receiving continued support from the director B M Ghabbour, the company is deemed to be a going concern.

Turnover

Turnover represents amounts receivable from the sale of tours and other services supplied, net of discounts and Value Added Tax.

Revenue from the sale of services is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on departure basis; 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.

Current tax

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 measured at cost, and are subsequently measured at cost less any accumulated depreciation.

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

Plant and machinery	20% straight line
Office equipment	20% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost.

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.

Foreign currency translation

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical costs are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Income statement except when deferred in other income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Income statement within 'other operating income'.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

1.00

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 May 2024 and 30 April 2025	9,633
Depreciation
At 1 May 2024	9,233
Charge	133
At 30 April 2025	9,366
Carrying amount
At 30 April 2025	267
At 30 April 2024	400

6 Debtors

	2025	2024
	£	£
Trade debtors	92,719	17,961
Other debtors	165,249	162,239
	257,968	180,200

7 Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,556	5,556
Trade creditors	80,632	37,370
Taxation and social security	5,405	187
Other creditors	143,234	108,840
	234,827	151,953

8 Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	25,889	31,234
Other creditors	74,800	74,800
	100,689	106,034

9 Related party transactions

Included in other debtors at the end of the financial year is the sum of £1,100 (2024: £1,100) owed by Sakkara Egypt. During the year Mosaic Holidays Limited rendered a management charge of £28,586 (2024: £35,000) and Sakkara Egypt also rendered a management charge of £20,600 (2024: £15,732). These companies are controlled by Mr B M Ghabbour by virtue of his common shareholding.

10 Controlling party

The ultimate controlling party is Mr B M Ghabbour by virtue of his directorship and his shareholding in the company.