REGISTERED NUMBER: SC236962 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

SCANDINAVIAN TRAVEL LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O T Murat

Miss A S Jomas

REGISTERED OFFICE:

4th Floor

115 George Street

Edinburgh

EH2 4JN

REGISTERED NUMBER:

SC236962 (Scotland)

ACCOUNTANTS:

Prime

Chartered Accountants

Corner Oak

1 Homer Road

Solihull

B91 3QG

FIXED ASSETS

Intangible assets

3

17,762

19,104

Tangible assets

4

-

631

17,762

19,735

CURRENT ASSETS

Debtors

5

4,959

72,369

Cash at bank and in hand

302,012

210,258

306,971

282,627

CREDITORS

Amounts falling due within one year

6

188,913

170,638

NET CURRENT ASSETS

118,058

111,989

TOTAL ASSETS LESS CURRENT LIABILITIES

135,820

131,724

CAPITAL AND RESERVES

Called up share capital

21,435

21,435

Capital redemption reserve

7

21,435

21,435

Retained earnings

7

92,950

88,854

SHAREHOLDERS' FUNDS

135,820

131,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 20 October 2025 and were signed on its behalf by:

O T Murat - Director

1.	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.

Turnover

Turnover represents amounts receivable for tour operator services recognised on a departure date basis.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

useful life.

Fixtures and fittings - 25% on cost

Computer equipment - 33.33% on cost

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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Derivative financial instruments

Derivative financial instruments are initially measured at fair value on the date in which the contract is entered and are subsequently valued at fair value with any movement being included in the income statement.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 6 ) .

3.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 July 2024

and 30 June 2025

12,870

26,416

39,286

AMORTISATION

At 1 July 2024

12,870

3,371

16,241

Charge for year

-

5,283

5,283

At 30 June 2025

12,870

8,654

21,524

NET BOOK VALUE

At 30 June 2025

-

17,762

17,762

At 30 June 2024

-

23,045

23,045

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2024

and 30 June 2025

7,416

6,940

14,356

DEPRECIATION

At 1 July 2024

7,416

6,309

13,725

Charge for year

-

631

631

At 30 June 2025

7,416

6,940

14,356

NET BOOK VALUE

At 30 June 2025

-

-

-

At 30 June 2024

-

631

631

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

4,959

72,369

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

23,167

20,746

Taxation and social security

2,729

3,439

Other creditors

163,017

146,453

188,913

170,638

7.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 July 2024

88,854

21,435

110,289

Profit for the year

4,096

-

4,096

At 30 June 2025

92,950

21,435

114,385

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

2025

2024

£

£

O T Murat

Balance outstanding at start of year

68,053

(6,947

)

Amounts advanced

425

75,000

Amounts repaid

(105,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(36,522

)

68,053