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Registered number: 00967669
CSR TRAVEL LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2025
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CSR TRAVEL LIMITED
REGISTERED NUMBER: 00967669
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2025.
The notes on pages 4 to 8 form part of these financial statements.
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CSR TRAVEL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
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Comprehensive income for the year
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Total comprehensive income for the year
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The notes on pages 4 to 8 form part of these financial statements.
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CSR TRAVEL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024
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Comprehensive income for the year
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Total comprehensive income for the year
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The notes on pages 4 to 8 form part of these financial statements.
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CSR TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
CSR Travel Limited is a private company limited by shares and incorporated in England under registered number 00967669. The registered office is 2nd Floor, Nucleus House, 2 Lower Mortlake Road, Richmond, TW9 2JA.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
The Company’s management and directors review the financial position and the forecasts for the Company on a regular basis, to ensure they are in a position to react to and mitigate the financial impact from any downturn in trading. The directors have made an assessment of the Company’s ability to continue as a going concern, and have considered a number of future scenarios, synthesizing key drivers of the Company’s trading performance, including consumer demand, post balance sheet trading, booking trajectory, and impact from both financial and geopolitical instability. However, economic uncertainty from interest rates and a new UK government means the Company remains in a volatile environment.
The Company benefits from the continued financial support of the EFR Group.The Group has prepared budgets and cashflow forecasts to June 2027 which reflect good operational liquidity and profitability.
As a result, and with the Company continuing to receive the full support of its Group, the directors believe that it is still appropriate to apply the going concern basis for the foreseeable future.
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Exemption from preparing consolidated financial statements
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The Company, and its Group, qualify as small and therefore under the provisions of the Companies Act 2006 section 399 the directors consider the parent company to be exempt from the requirement to prepare consolidated financial statements. These financial statements contain the results of the Company only and not those of the Group.
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CSR TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
2.Accounting policies (continued)
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
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 recognised in profit or loss 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 Income Statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover represents the net commission earned in respect of holiday and travel arrangement sales,
recognised on the date of departure basis.
Gross Retail Turnover ("GRT") - GRT is the total gross sales amount received in respect of the sale
of the holiday and travel arrangement sales for the year. Section 23 of FRS102 requires the statutory
turnover to be the net of commission earned.
Trade debtors still represent the gross amount receivable in respect of sales of holiday accommodation and travel arrangements, and trade creditors still represent the amounts payable in respect of purchase of holiday accommodation and travel arrangements.
Interest income is recognised in profit or loss using the effective interest method.
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CSR TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
2.Accounting policies (continued)
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
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 amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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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.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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During the year, the Company obtained the following services from the Company's auditors:
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Fees payable to the Company's auditors for the audit of the Company's financial statements
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The average monthly number of employees, including the directors, during the year was as follows:
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Average number of employees
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CSR TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
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Prepayments and accrued income
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Included in prepayments and accrued income is the sum of £6,071 (2024 - £Nil) of supplier payments made in advance for departures post 30 June 2025.
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Included in accruals and deferred income is the sum of £6,292 (2024 - £49,557) of customer monies received in advance for departures post 30 June 2025.
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Authorised, allotted, called up and fully paid
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30,000 (2024 - 30,000) Ordinary Shares shares of £1.00 each
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CSR TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
8.Share capital (continued)
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Each share has full voting rights in the company with respect to voting, dividends and distributions.
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Profit and loss account
The profit and loss account represents the net distributable reserves of the Company at the date of the statement of financial position.
The immediate and ultimate holding company is E.F.R. Travel Limited, a company limited by shares, incorporated in England and Wales whose registered office is situated at 2nd Floor, Nucleus House, 2 Lower Mortlake Road, Richmond, TW9 2JA.
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Related party transactions
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E.F.R. Travel Limited - E.F.R. Travel Limited holds 100% of the shares in the Company. There was an amount of £252,665 due to E.F.R. Travel Limited at the year end (2024: £369,721), included in creditors due within one year.
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The ultimate controlling party is Mr E Rom, a director of the Company, by virtue of his 50.26% ownership of the issued share capital of the holding company E.F.R. Travel Limited.
The auditors' report on the financial statements for the year ended 30 June 2025 was unqualified.
The audit report was signed on 16 October 2025 by N A Spoor FCA, FCCA (Senior Statutory Auditor) on behalf of White Hart Associates (London) Limited.
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