REGISTERED NUMBER: 05147675 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SUPREME WORLD TRAVEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr Basi Aidarus Mohamed

SECRETARY:

Mr Basi Aidarus Mohamed

REGISTERED OFFICE:

467 - 469 High Road Leyton

Leyton

London

E10 5EL

REGISTERED NUMBER:

05147675 (England and Wales)

AUDITORS:

Ashford Louis

Chartered Certified Accountants

& Statutory Auditors

187 High Road Leyton

London

E15 2BY

FIXED ASSETS

Tangible assets

4

490,731

497,425

CURRENT ASSETS

Debtors

5

669,639

413,080

Cash at bank and in hand

200,482

8,216

870,121

421,296

CREDITORS

Amounts falling due within one year

6

789,652

335,380

NET CURRENT ASSETS

80,469

85,916

TOTAL ASSETS LESS CURRENT LIABILITIES

571,200

583,341

CREDITORS

Amounts falling due after more than one year

7

(246,136

)

(248,880

)

PROVISIONS FOR LIABILITIES

(413

)

(413

)

NET ASSETS

324,651

334,048

CAPITAL AND RESERVES

Called up share capital

9

50,000

50,000

Retained earnings

10

274,651

284,048

SHAREHOLDERS' FUNDS

324,651

334,048

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 director and authorised for issue on 23 September 2025 and were signed by:

Mr Basi Aidarus Mohamed - Director

1.	STATUTORY INFORMATION

Supreme World Travel 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 net invoiced sales of services, excluding value added tax. The total turnover of the company for the year has been derived from the provision of goods and services falling within the company's principal activities. Income is from sales of packages are recognised on the date of departure basis and income from sales of flight only tickets are recognised on booking basis.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Financial instruments

The company only enters into basic financial instrument transitions that results in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties, loans to relate to parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and other accounts receivables and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest rate method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or order consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at the market rates of interest for a similar debt instrument and subsequently at amortised cost, unless it quantifies as a loan from a director in the case of a small company or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the assets if it were to be sold at the reporting date.

Financial assets and liabilities are offsets and the net amount reported in the Statement of Financial Position where there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the assets and settle the liability simultaneously.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future and will be able to realise its assets and discharge its liabilities in the normal course of business.

The Company’s principal receivable is due from a related party. The related party has confirmed its intention and ability to settle the outstanding balance and has provided a guarantee in respect of the amounts owed. The directors have obtained representations from the related party that it has adequate resources to meet these obligations.

Notwithstanding these assurances, should the related party be unable to discharge its liability to the Company, there would be significant uncertainty regarding the Company’s ability to continue as a going concern. These conditions therefore indicate the existence of a material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern and, therefore, it may be unable to realise its assets and discharge its liabilities in the normal course of business.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

538,262

-

22,150

560,412

Additions

-

4,747

-

4,747

At 31 March 2025

538,262

4,747

22,150

565,159

DEPRECIATION

At 1 April 2024

43,668

-

19,319

62,987

Charge for year

10,304

712

425

11,441

At 31 March 2025

53,972

712

19,744

74,428

NET BOOK VALUE

At 31 March 2025

484,290

4,035

2,406

490,731

At 31 March 2024

494,594

-

2,831

497,425

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

176,357

315,487

Amounts owed by associates

208,817

-

Other debtors

284,465

97,593

669,639

413,080

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

59,154

63,311

Trade creditors

358,065

107,785

Taxation and social security

122,729

120,026

Other creditors

249,704

44,258

789,652

335,380

Included in Taxation and Social Security is an amount of £31,954 (£37,596) which is a provision for VAT, as the company has not yet submitted its VAT returns.

BSP OUTSTANDING

As at 31 March 2025 an amount of £nil (2024 : £77,787) was payable to International Air Transport Association (IATA) for tickets issued in the mouth of March 2025. This amount is included in the Trade Creditors figure above.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

246,136

248,880

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

305,290

310,034

The Lloyds Bank has Debenture dated 08/10/2010 incorporating a Fixed and floating charge.

A first legal charge over Commercial Freehold Property known as 436 High Road Leyton, London E10 6QE dated 28/04/2017. A first legal charge over cash at bank account (A/C 28477460) dated 22/01/2012. The Bank also has first legal charge over other assets known as: Deposit Agreement dated 27/05/2008; PODL dated 31/03/2017 and Postpondment of Directors Loans darted 10/09/2010.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

50,000

Ordinary

1

50,000

50,000

10.

RESERVES

Retained

earnings

£

At 1 April 2024

284,048

Profit for the year

30,045

Dividends

(39,442

)

At 31 March 2025

274,651

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

We draw attention to Note 5 in the financial statements, which describes the circumstances relating to the Company’s ability to continue as a going concern. The Company’s principal debtor is a related party, which has provided a guarantee in respect of the outstanding balance. However, should the related party be unable to settle the debt, a material uncertainty would arise that may cast significant doubt on the Company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.

Hayford Doh FCCA (Senior Statutory Auditor)

for and on behalf of Ashford Louis

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr Basi Aidarus Mohamed

Balance outstanding at start of year

73,655

73,655

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

73,655

73,655

During the year, the company paid dividends totalling £39,442 (2024 : £27,205) to the shareholders.

13.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

14.	POST BALANCE SHEET EVENTS

Subsequent to the year end, the Company commenced the process of selling its freehold asset. The decision was made in order to enhance liquidity and generate sufficient funds to reduce outstanding debt obligations. The sale is expected to strengthen the Company’s financial position and improve cash flow management.