Columbia Cruise Services UK Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

Columbia Cruise Services UK Limited

Balance Sheet

31 December 2024

	Note	31 December 2024 £	31 December 2023 £
Fixed assets
Tangible assets	4	929	252
Current assets
Debtors	5	75,355	28,761
Cash at bank and in hand		58,376	46,527
		133,731	75,288
Creditors: Amounts falling due within one year	6	(164,414)	(115,593)
Net current liabilities		(30,683)	(40,305)
Total assets less current liabilities		(29,754)	(40,053)
Provisions for liabilities		7,366	-
Net liabilities		(22,388)	(40,053)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(22,390)	(40,055)
Shareholders' deficit		(22,388)	(40,053)

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 8 December 2025 and signed on its behalf by:
 

......................................... P Wells Director

Columbia Cruise Services UK Limited

Notes to the Financial Statements

Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Cedar Office Park
Cobham Road
Wimborne
Dorset
BH21 7SB

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling, rounded to the nearest whole pound.

Going concern

The directors have considered the income streams and have reviewed the level of core overheads of the business, to determine if there is sufficient working capital to meet these requirements. The main source of income and working capital is from the parent company.

The parent company has confirmed its intention to make sufficient funds available to allow the company to continue to meet its liabilities as they fall due for a period of not less than one year from the date of approval of these financial statements. Having reviewed the level of profitability and cash generation within the group, the directors are satisfied that it is reasonable to estimate that the parent company will continue to be able to make sufficient funding available to meet these requirements and, accordingly, the directors continue to adopt the going concern basis of presentation.

Revenue recognition

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 value added tax, returns, rebates and discounts.

Columbia Cruise Services UK Limited

Notes to the Financial Statements

Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation 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 taxable income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture and fittings	25% reducing balance basis
Computer equipment	30% straight line basis
Office equipment	25% straight line basis

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.

Columbia Cruise Services UK Limited

Notes to the Financial Statements

Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 10).

Columbia Cruise Services UK Limited

Notes to the Financial Statements

Year Ended 31 December 2024

4	Tangible assets

	Computer and Office Equipment £	Furniture and Fittings  £	Total £
Cost or valuation
At 1 January 2024	31,118	11,312	42,430
Additions	987	-	987
At 31 December 2024	32,105	11,312	43,417
Depreciation
At 1 January 2024	30,907	11,271	42,178
Charge for the year	301	9	310
At 31 December 2024	31,208	11,280	42,488
Carrying amount
At 31 December 2024	897	32	929
At 31 December 2023	211	41	252

Columbia Cruise Services UK Limited

Notes to the Financial Statements

Year Ended 31 December 2024

5

Debtors

	31 December 2024 £	31 December 2023 £
Trade debtors	43,114	4,214
Prepayments	3,968	8,716
Other debtors	28,273	15,831
	75,355	28,761

6

Creditors

Creditors: amounts falling due within one year

	31 December 2024 £	31 December 2023 £
Due within one year
Trade creditors	36,074	12,078
Taxation and social security	36,779	35,356
Accruals and deferred income	6,500	3,999
Other creditors	85,061	64,160
	164,414	115,593

7	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £6,395 (2023 - £40,377). This relates to annual commitments under non-cancellable operating leases.

8	Related party transactions

Summary of transactions with group companies

Turnover consists of £1,094,908 (2023 - £522,909) invoiced to group companies. At year end a balance of £80,048 (2023 - £57,096) was due to group companies.

9	Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was Daniel Tout FCA, who signed for and on behalf of PKF Francis Clark on 8 December 2025.

Columbia Cruise Services UK Limited

Notes to the Financial Statements

Year Ended 31 December 2024

10	Parent and ultimate parent undertaking

The company's immediate parent is Columbia Cruise Services GMBH & Co KG, incorporated in Germany.

 The ultimate parent is Columbia Shipmanagement Limited, incorporated in Cypus.
 

No individual has ultimate control.