REGISTERED NUMBER: 02118234 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

GERMAN TRAVEL CENTRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N K Bhimani

M T Bhimani

SECRETARY:

Mrs N K Bhimani

REGISTERED OFFICE:

85 Bridge Street

Pinner

Middlesex

HA5 3HZ

REGISTERED NUMBER:

02118234 (England and Wales)

ACCOUNTANTS:

Kothari & Associates Ltd

30 Oakington Avenue

Harrow

Middlesex

HA2 7JJ

FIXED ASSETS

Tangible assets

4

319,552

331,934

CURRENT ASSETS

Debtors

5

3,487

3,734

Cash at bank and in hand

478,851

439,186

482,338

442,920

CREDITORS

Amounts falling due within one year

6

265,038

280,407

NET CURRENT ASSETS

217,300

162,513

TOTAL ASSETS LESS CURRENT LIABILITIES

536,852

494,447

PROVISIONS FOR LIABILITIES

7

7,382

7,012

NET ASSETS

529,470

487,435

CAPITAL AND RESERVES

Called up share capital

8

30,000

30,000

Retained earnings

9

499,470

457,435

SHAREHOLDERS' FUNDS

529,470

487,435

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 11 December 2025 and were signed on its behalf by:

M T Bhimani - Director

1.	STATUTORY INFORMATION

German Travel Centre 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.

Turnover

Turnover represents the sales of airline tickets issued during the year along with other related services, net of value added tax.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows :

Freehold Property - over 50 years

Fixtures, Fittings & Equipment - 15% reducing balance

Motor Vehicle - 15% reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provisions

Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 July 2024

and 30 June 2025

335,385

89,227

56,705

481,317

DEPRECIATION

At 1 July 2024

58,667

82,210

8,506

149,383

Charge for year

4,100

1,052

7,230

12,382

At 30 June 2025

62,767

83,262

15,736

161,765

NET BOOK VALUE

At 30 June 2025

272,618

5,965

40,969

319,552

At 30 June 2024

276,718

7,017

48,199

331,934

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/25

30/6/24

£

£

VAT

1,701

1,065

Prepayments

1,786

2,669

3,487

3,734

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/25

30/6/24

£

£

Tax

18,017

2,697

Social security and other taxes

709

703

Deposits received

131,117

179,842

Potential refunds - deposits

57,074

57,074

Directors' current accounts

3,423

2,000

Accrued expenses

54,698

38,091

265,038

280,407

7.	PROVISIONS FOR LIABILITIES

30/6/25

30/6/24

£

£

Deferred tax

7,382

7,012

Deferred tax

£

Balance at 1 July 2024

7,012

Movement in the year

370

Balance at 30 June 2025

7,382

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/6/25

30/6/24

value:

£

£

30,000

Ordinary

1

30,000

30,000

9.

RESERVES

Retained

earnings

£

At 1 July 2024

457,435

Profit for the year

43,035

Dividends

(1,000

)

At 30 June 2025

499,470

10.	CONTINGENT LIABILITIES

The company has given to the bank, security, by the way of a charge on deposit accounts on the following bond purchased by the bank on company's behalf :

Association of British Travel Agents - Total maximum potential liability under the above arrangement is £25,000 (2024 - £30,000).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year ended 30 June 2025, total dividends of £1,000 (2024 - £2,000) were paid to the directors of the company. At the year end date, total amount of £3,423 (2024 - £2,000) was due to them.

12.	ULTIMATE CONTROLLING PARTY

The directors, Mr and Mrs Bhimani, are the ultimate controllers of the company, as they hold the entire issued share capital of the company.

13.	BSP OUTSTANDING

As at year ended 30 June 2025, BSP Outstanding Cash Sales was £50,237 (2024 - £33,408).