Online Travel Insurance Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05833635 (England and Wales)

Unaudited financial statements for the year ended 31 March 2025

For

Online Travel Insurance Services Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

Mr T W L Dunkley

Mr P Quigley

REGISTERED OFFICE:

Parker Russell, Level 30

The Leadenhall Building

122 Leadenhall Street

City of London

EC3V 4AB

REGISTERED NUMBER:

05833635 (England and Wales)

ACCOUNTANTS:

Parker Russell UK

Chartered Accountants

Level 30

The Leadenhall Building

122 Leadenhall Street

City of London

EC3V 4AB

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Online Travel Insurance Services Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Online Travel Insurance Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Online Travel Insurance Services Limited and state those matters that we have agreed to state to the Board of Directors of Online Travel Insurance Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Online Travel Insurance Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Online Travel Insurance Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Online Travel Insurance Services Limited. You consider that Online Travel Insurance Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Online Travel Insurance Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Parker Russell UK

Chartered Accountants

Level 30

The Leadenhall Building

122 Leadenhall Street

City of London

EC3V 4AB

11 December 2025

Fixed assets

Intangible assets

4

25,615

31,770

Tangible assets

5

173

231

25,788

32,001

Current assets

Stocks

34,000

2,000

Debtors

6

5,850

6,067

Cash at bank

27,768

47,285

67,618

55,352

Creditors

Amounts falling due within one year

7

77,925

87,667

Net current liabilities

(10,307

)

(32,315

)

Total assets less current liabilities

15,481

(314

)

Creditors

Amounts falling due after more than
one year

8

6,769

(12,199

)

Net assets

8,712

11,885

Capital and reserves

Called up share capital

728

Share premium

9,976

Capital redemption reserve

265

Retained earnings

(2,257

)

916

Shareholders' funds

8,712

11,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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:

Mr T W L Dunkley - Director

1.	STATUTORY INFORMATION

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

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

TANGIBLE FIXED ASSETS

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

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 April 2024

31,228

161,735

192,963

Additions

-

1,200

At 31 March 2025

31,228

162,935

194,163

AMORTISATION

At 1 April 2024

31,228

129,965

161,193

Charge for year

-

7,355

At 31 March 2025

31,228

137,320

168,548

NET BOOK VALUE

At 31 March 2025

-

25,615

At 31 March 2024

-

31,770

5.	TANGIBLE FIXED ASSETS

Plant and

machiner

etc

£

COST

At 1 April 2024

and 31 March 2025

12,792

DEPRECIATION

At 1 April 2024

12,561

Charge for year

58

At 31 March 2025

12,619

NET BOOK VALUE

At 31 March 2025

173

At 31 March 2024

231

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.3.25

31.3.24

£

Other debtors

5,850

6,067

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

10,788

9,950

Trade creditors

49,668

67,274

Taxation and social security

9,402

347

Other creditors

8,067

10,096

77,925

87,667

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans

6,769

17,801

Other creditors

-

(30,000

)

6,769

(12,199

)

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr T W L Dunkley.