REGISTERED NUMBER: 09366159 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

HISEAS INTERNATIONAL (BRITISH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

W WANG

REGISTERED OFFICE:

133 WHITECHAPEL HIGH STREET

LONDON

E1 7QA

REGISTERED NUMBER:

09366159 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

132,983

112,955

132,983

112,955

CURRENT ASSETS

Debtors

6

75,411

11,796

Cash at bank and in hand

105,370

14,616

180,781

26,412

CREDITORS

Amounts falling due within one year

7

536,160

394,339

NET CURRENT LIABILITIES

(355,379

)

(367,927

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(222,396

)

(254,972

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

(222,397

)

(254,973

)

SHAREHOLDERS' FUNDS

(222,396

)

(254,972

)

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 director acknowledges his 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 director and authorised for issue on 18 November 2025 and were signed by:

W WANG - Director

1.	STATUTORY INFORMATION

HISEAS INTERNATIONAL (BRITISH) 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The directors have obtained confirmation that the parent company Hiseas International Travel Services Sichuan Co Lifted, will continue, as far as they are able to provide financial support for the company which will enable it to continue its activities for the foreseeable future. As a result, the directors believe that the company will remain financially viable and therefore that it is appropriated that these financial statement are prepared on a going concern basis. This basis of preparation assumes that the company will continue in operational existence for a period of al least twelve months from the date of approval of these financial statement, the validity of which depends on Hiseas International Travel Services Sichuan Co Limited being able to profide ongoing support to Hiseas International (British) Limited as required. The financial statements do not include any adjustments that might arise if the going concern basis is not appropriate.

After renewing the company's forecast and projections, the directors have arrangeable expectation that the company have adequate resource's to continue in operational existence for the foreseeable future.The company wherefore continues to adapt a going concern basis in preparing the financial statements.

Tangible fixed assets

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

Financial instruments

The company recognises financial instruments when it becomes a party to the contractual arrangements of the instrument. Financial instruments are de-recognised when they are discharged or when the contractual terms expire. The company's accounting policies in respect of financial instruments transactions are explained below:

Financial assets

The company classifies all of its financial assets as loans and receivables. Loans and receivables

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They arise principally through the provision of goods and services to customers (e.g. trade receivables), but also incorporate other types of contractual monetary asset. They are initially recognised at fair value plus transaction costs that are directly attributable to their acquisition or issue, and are subsequently carried at amortised cost using the effective interest rate method, less provision for impairment.

Impairment provisions are recognised when there is objective evidence (such as significant financial difficulties on the part of the counterparty or default or significant delay in payment) that the company will be unable to collect all of the amounts due under the terms receivable, the amount of such a provision being the difference between the net carrying amount and the present value of the future expected cash flows associated with the impaired receivable. For trade receivables, which are reported net, such provisions are recorded in a separate allowance account with the loss being recognised within administrative expenses in the statement of comprehensive income. On confirmation that the trade receivable will not be collected, the gross carrying value of the asset is written off against the associated provision.

Financial liabilities

The company classifies all of its financial liabilities as liabilities at amortised cost.

Financial instruments

At amortised cost

Financial liabilities at amortised cost including bank borrowings are initially recognised at fair value net of any transaction costs directly attributable to the issue of the instrument. Such interest bearing liabilities are subsequently measured at amortised cost using the effective interest rate method, which ensures that any interest expense over the period to repayment is at a constant rate on the balance of the liability carried into the statement of financial position.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at armories cost using the effective interest method, less any impairment.

Foreign currencies

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 cost 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 recognized in the settlement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each statement of financial position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

685

DEPRECIATION

At 1 January 2024

and 31 December 2024

685

NET BOOK VALUE

At 31 December 2024

-

5.	FIXED ASSET INVESTMENTS

Investments

in

subsidiary

companies

£

COST

At 1 January 2024

112,955

Additions

20,028

At 31 December 2024

132,983

NET BOOK VALUE

At 31 December 2024

132,983

At 31 December 2023

112,955

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Hiseas international GmbH

Registered office: Switzerland

Nature of business: Tourist service

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

4,989,814

102,163,899

Profit/(loss) for the year

2,846,030

(1,479,980

)

Dolphin S.R.O

Registered office: Slovakia

Nature of business: Tourist service

%

Class of shares:

holding

Ordinary

95.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

(115,671

)

740,952

Loss for the year

(16,619

)

(2,143,744

)

Continental Tours Limited

Registered office: The Republic of Croatia

Nature of business: Tourist service

%

Class of shares:

holding

Ordinary Share Capital

65.00

Hiseas international GmbH

Registered office: Frankfurt

Nature of business: Tourist service

%

Class of shares:

holding

Ordinary Shares

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

19,566

3,358,630

Loss for the year

(45,769

)

(166,287

)

Hisam

Registered office: USA

Nature of business: travel service

%

Class of shares:

holding

Ordinary Share Capital

70.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

632,137

6,943,958

Profit for the year

15,516

35,782

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

71,449

-

Other debtors

3,387

11,543

Prepayments and accrued income

575

253

75,411

11,796

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

79,523

-

Social security and other taxes

1,222

877

Other creditors

10,000

11,328

Amounts owed to group

undertakings

445,415

382,134

536,160

394,339

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary Share Capital

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1 January 2024

(254,973

)

Profit for the year

32,576

At 31 December 2024

(222,397

)