REGISTERED NUMBER: 07479617 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AIRTICKETS LTD

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

CURRENT ASSETS

Debtors

4

705,567

717,018

Investments

5

556,699

424,612

Cash at bank

22,332

31,215

1,284,598

1,172,845

CREDITORS

Amounts falling due within one year

6

64,714

52,220

NET CURRENT ASSETS

1,219,884

1,120,625

TOTAL ASSETS LESS CURRENT LIABILITIES

1,219,884

1,120,625

CREDITORS

Amounts falling due after more than one year

7

(491,019

)

(512,197

)

PROVISIONS FOR LIABILITIES

8

(76,210

)

(43,133

)

NET ASSETS

652,655

565,295

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

9

228,630

129,398

Retained earnings

423,025

434,897

652,655

565,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 29 December 2025 and were signed on its behalf by:

Mr T Antoniou - Director

1.	STATUTORY INFORMATION

Airtickets Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07479617

Registered office:

1 Kings Avenue

London

N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates

Revenue is recognised when services are rendered to the customers.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Cash and cash equivalent

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Current asset investments

Current asset investments are initially measured at cost and are subsequently measured at their fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Other debtors

73,341

62,399

Amounts falling due after more than one year:

Other debtors

632,226

654,619

Aggregate amounts

705,567

717,018

5.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Other investments

556,699

424,612

Included in other investments is an investment in gold, valued at a fair value of £545,970 (Prior: £413,661). If this investment had not been revalued, it would have been recorded at its historical cost of £241,130.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,970

-

Other creditors

61,744

52,220

64,714

52,220

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

491,019

512,197

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Accelerated capital allowances

43,133

26,006

Other timing differences

33,077

17,127

76,210

43,133

Deferred

tax

£

Balance at 1 January 2024

43,133

Provided during year

33,077

Balance at 31 December 2024

76,210

9.

RESERVES

Fair

value

reserve

£

At 1 January 2024

129,398

Movement in reserves

99,232

At 31 December 2024

228,630

10.	RELATED PARTY DISCLOSURES

Included in other creditors due within a year is an amount of £7,189 (2023: £7,489) due to the director of the company. The loan was interest free and repayable on demand.

Included in other creditors more than one year is an amount of £491,019 (2023: £512,197) due to the director of the company. Interest at the rate of 2% per annum is payable on the loan balance.