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Registered number: 11700839
BELAIR TRAVEL LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2025
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BELAIR TRAVEL LIMITED
REGISTERED NUMBER: 11700839
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
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 statement of comprehensive income 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 by:
The notes on pages 3 to 7 form part of these financial statements.
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BELAIR TRAVEL LIMITED
REGISTERED NUMBER: 11700839
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025
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BELAIR TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2025
Belair Travel Limited is a private company limited by shares incorporated in England.
The address of the registered office is: 8th Floor Becket House, 36 Old Jewry, London, EC2R 8DD.
The nature of the company's operations and principal activities in the year under review were those of a travel agency.
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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
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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.
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BELAIR TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2025
2.Accounting policies (continued)
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales-related taxes.
The Company’s revenue comprises service charges received from customers, incentive income from airlines, and deposit incentive income from credit card providers. The following specific criteria apply to each category of revenue:
Service charges
Service charge income is recognised on the booking date, being the point at which the Company has provided the related services and satisfied its performance obligation to the customer.
Airline incentive income
Incentive income from airlines is earned in accordance with annually agreed contracts and is calculated by applying agreed rebate percentages to the total value of trips flown. Revenue is recognised on a booking date basis when the related bookings are made and the entitlement to the incentive arises.
Deposit incentive income
Deposit incentive income is earned on advance deposits placed with credit card companies. These deposits are used to facilitate the purchase of airline tickets in the normal course of providing travel agency services. Deposit incentive income is recognised on a booking date basis, consistent with the underlying transactions to which the incentives relate.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the 15 month period in which they are incurred.
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.
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BELAIR TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2025
2.Accounting policies (continued)
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 reporting 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.
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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The average monthly number of employees, including directors, during the 15 month period was 2 (2023 - 3).
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BELAIR TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2025
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Investments in subsidiary companies
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During the year, the Company acquired shares in Belair Travel LLC at a cost of £13,804 and in Belair Travel PTE Ltd at a cost of £101,745. The investments are stated at cost less any accumulated impairment losses.
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Amounts owed by group undertakings
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Prepayments and accrued income
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Included within trade debtors is an IATA BSP debtor of £2,261,586, representing amounts receivable from the International Air Transport Association Billing and Settlement Plan at the year end.
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BELAIR TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 MARCH 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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Related party transactions
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The company has taken advantage of the exemption in FRS 102 1A that transactions entered into between members of the group do not need to be disclosed as all relevant subsidiaries are wholly owned.
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The ultimate controlling party of the company is P S Jain.
The auditors' report on the financial statements for the 15 month period ended 31 March 2025 was unqualified.
The audit report was signed on 23 December 2025 by Alexander Wall ACA (Senior Statutory Auditor) on behalf of Xeinadin Audit Limited.
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