COMPANY REGISTRATION NUMBER:
11646423
|
Travel Bag Holdings Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Travel Bag Holdings Limited |
|
|
Statement of Financial Position |
|
31 December 2024
Fixed assets
|
Investments |
5 |
|
802,961 |
|
802,961 |
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
(
358,324) |
|
(
357,569) |
|
|
---------- |
|
---------- |
|
|
Net current liabilities |
|
(
358,324) |
|
(
357,569) |
|
|
---------- |
|
---------- |
|
Total assets less current liabilities |
|
444,637 |
|
445,392 |
|
|
---------- |
|
---------- |
|
Net assets |
|
444,637 |
|
445,392 |
|
|
---------- |
|
---------- |
|
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
129 |
|
129 |
|
Share premium account |
|
26,505 |
|
26,505 |
|
Profit and loss account |
|
418,003 |
|
418,758 |
|
|
---------- |
|
---------- |
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Shareholders funds |
|
444,637 |
|
445,392 |
|
|
---------- |
|
---------- |
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|
|
|
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
31 December 2025
, and are signed on behalf of the board by:
Company registration number:
11646423
|
Travel Bag Holdings Limited |
|
|
Notes to the Financial Statements |
|
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There have been no judgements, estimates and assumptions in the year which materially affect the financial statements, other than those listed below.
Income tax
Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil
(2023:
3
).
5.
Investments
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 1 January 2024 and 31 December 2024 |
802,961 |
|
---------- |
|
Impairment |
|
|
At 1 January 2024 and 31 December 2024 |
– |
|
---------- |
|
|
|
Carrying amount |
|
|
At 31 December 2024 |
802,961 |
|
---------- |
|
At 31 December 2023 |
802,961 |
|
---------- |
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Amounts owed to group undertakings |
44,231 |
40,231 |
|
Other creditors |
314,093 |
317,338 |
|
---------- |
---------- |
|
358,324 |
357,569 |
|
---------- |
---------- |
|
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