The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Hood Travel Limited is a private Company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, Dencora Court, Tylers Avenue, Southend on Sea, Essex, United Kingdom, SS1 2BB.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

In the opinion of the directors, it remains appropriate to continue to adopt the going concern basis of accounting.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in he UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the time of approving the financial statements, the directors are required to consider whether the Company can continue in operational existence for a period of at least 12 months from the approval of these financial statements. The Board have concluded that there is a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Management is confident with the new contracts that are coming on board, the restructuring that is currently being performed and with the additional cash injection received from its investors amounting to £3.35m that the Group is able to continue in the foreseeable future and the accounts should therefore be prepared on the Going Concern Basis.true

Credit is taken for net commission on premiums receivable on insurance policies placed during the accounting period.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow Group Companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the Company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the Company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The Company is considered to have no direct employees in the current or prior year.

Staff costs are incurred via recharges from Hood Group Limited based on time spent by staff employed by the parent Company.

The 5% redeemable preference shares carry a fixed cumulative right to dividends.

Dividends on the redeemable preference shares shall be paid at a preferential rate of 5% of the total number of redeemable preference shares held by a member. The dividend shall be paid in priority to dividends being paid on any other class of share from time to time in issue and unpaid dividends (or part of them) shall accrue. Accrued dividends shall be paid in priority to any other dividend or distribution.

On liquidation, winding up or return of capital the holders of the redeemable preference shares shall be entitled to an amount equivalent to the amount paid up on their shareholding before any payments are made to the holders of the ordinary shares, including accrued by unpaid dividends.

The holders of the redeemable preference shares may give notice to the Company at any point that they wish for their shares to be redeemed. The redemption notice shall state the number of shares that the shareholder wishes to be redeemed, as well as the price payable by the Company which shall equate to the par value of the shares. The redemption notice shall also stipulate the date upon which the shares are to be redeemed, being a date not less than two calendar years from the date of the redemption date.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Connection Capital LLP hold security over the property and undertakings of the Company via fixed and floating charges.

On 28th November 2025, additional investment in the Group totalling £3,350,296 was approved.  The investment is broken down as investor funding from the ultimate controlling party, Connection Capital LLP, of £3,221,665 and from the existing minority shareholders of £128,631.  The Group will draw down on these available investor funds as and when required.

As this investment occurred after the reporting date and relates to conditions that arose post the year-end, no adjustment has been made to the financial statements at as 31st December 2024 and the investment will be reflected within the financial statements for the year ending 31st December 2025.

The Company is controlled by Hood Group Limited, which is the parent Company holding the entire share capital of Hood Travel Limited.

From 29th October 2024, the directors consider the ultimate controlling party to be Connection Capital LLP, incorporated in England and Wales.