Association Of Language Travel Organisations

	Page
Company Information	1
Statement of Financial Position	2
Notes to the Financial Statements	3—5

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Statement of Financial Position

As At 31 December 2024

Statement of Financial Position

Registered number: 07570360

		2024		2023
	Notes	€	€	€	€
FIXED ASSETS
Tangible Assets	4		1,446		-

			1,446		-
CURRENT ASSETS
Debtors	5	183,396		213,534
Cash at bank and in hand		53,936		83,853

		237,332		297,387
Creditors: Amounts Falling Due Within One Year	6	(128,098 )		(196,266 )

NET CURRENT ASSETS (LIABILITIES)			109,234		101,121

TOTAL ASSETS LESS CURRENT LIABILITIES			110,680		101,121

NET ASSETS			110,680		101,121

Income Statement			110,680		101,121

MEMBERS' FUNDS			110,680		101,121

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Juan Manual Elizalde Sanchez

Director

29 September 2025

The notes on pages 3 to 5 form part of these financial statements.

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Association Of Language Travel Organisations

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Association Of Language Travel Organisations is a private company, limited by guarantee, incorporated in England & Wales, registered number 07570360 . The registered office is Unitec House, 2 Albert Place, London, N3 1BQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The presentation currency of the financial statements is Euro (€) rounded to the nearest Euro.

2.2. Going Concern Disclosure

As part of the directors' assessment of going concern, they have prepared detailed cash flow and profit and loss forecasts for the next 12 months. The forecasts have been prepared on an appropriate basis, taking into account the current economic conditions that exist.

After making appropriate enquires, the directors have a reasonable expectation that the company has adequate resources to enable it to continue in operational existence for the foreseeable future. They believe it is appropriate to prepare the accounts on a going concern basis.

2.3. Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33.33% Straight Line Method

2.5. Financial Instruments

Assets held under finance leases are depreciated in the same way as owned assets.

At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Classification

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, 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.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.

2.7. 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 statement of financial position date.

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Association Of Language Travel Organisations

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, excluding directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Computer Equipment
	€
Cost
As at 1 January 2024	2,135
Additions	1,859

As at 31 December 2024	3,994

Depreciation
As at 1 January 2024	2,135
Provided during the period	413

As at 31 December 2024	2,548

Net Book Value
As at 31 December 2024	1,446

As at 1 January 2024	-

5. Debtors

	2024	2023
	€	€
Due within one year
Trade debtors	169,146	195,183
Other debtors	14,250	18,351

	183,396	213,534

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	€	€
Other creditors	127,185	196,266
Taxation and social security	913	-

	128,098	196,266

7. Company limited by guarantee

As a company limited by guarantee the company does not have share capital. In the event of the winding up or dissolution of the company the members are liable to contribute an amount not exceeding £1 towards the debts and liabilities of the company.

If upon the winding up or dissolution of the company there remains, after the satisfaction of all its debts and liabilities, any property whatsoever, the same shall not be paid or distributed among the members of the company, but shall be given or transferred to some other institution (charitable or otherwise) having objects similar to the objects of the company and which shall prohibit the distribution of its or their income to its or their members, such institutions to be determined by the members of the company at or before the time of dissolution.

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Association Of Language Travel Organisations

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Audit Information

The auditor's report on the accounts of Association Of Language Travel Organisations for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by Romit Basu FCA (Senior Statutory Auditor) , Statutory Auditor.

Barnes Noble Ltd

Chartered Accountant & Registered Auditor

Unitec House

2 Albert Place

London

N3 1QB

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Directors	Ms Rebecca Bonnici
	Mr David Charles Brown
	Mr Claudio Cesarano
	Mr Selim Dervish
	Mr Juan Manual Elizalde Sanchez
	Ms Leanne Alexandra Linacre

Company Number	07570360

Registered Office	Unitec House
	2 Albert Place
	London
	N3 1BQ

Auditors	Barnes Noble Ltd
	Chartered Accountant & Registered Auditor
	Unitec House
	2 Albert Place
	London
	N3 1QB