REGISTERED NUMBER: 06760416 (England and Wales)

VERTICAL TRAVEL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P.L. Healey

Mrs Y. Leslie

REGISTERED OFFICE:

14 Hemmells

Laindon

Basildon

Essex

SS15 6ED

REGISTERED NUMBER:

06760416 (England and Wales)

INDEPENDENT AUDITORS:

CR Bland Baker Limited

Chartered Accountants and

Statutory Auditor

21 Lodge Lane

Grays

Essex

RM17 5RY

CURRENT ASSETS

Debtors

5

1,292

65,066

Cash at bank

2,995

2,978

4,287

68,044

CREDITORS

Amounts falling due within one year

6

1,009,666

1,046,041

NET CURRENT LIABILITIES

(1,005,379

)

(977,997

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,005,379

)

(977,997

)

CREDITORS

Amounts falling due after more than one year

7

1,667

11,669

NET LIABILITIES

(1,007,046

)

(989,666

)

CAPITAL AND RESERVES

Called up share capital

51

51

Retained earnings

(1,007,097

)

(989,717

)

SHAREHOLDERS' FUNDS

(1,007,046

)

(989,666

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

Mr P.L. Healey - Director

1.	STATUTORY INFORMATION

Vertical 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.

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.

Going concern

The directors have undertaken a review of the business and the Group, and have a reasonable expectation that the Group, and therefore the Company if it should re-commence trading, have adequate resources to continue to be operational for a period of 12 months from the date of approval of the financial statements.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2024

76,619

8,853

16,370

101,842

Disposals

(76,619

)

(8,853

)

(16,370

)

(101,842

)

At 30 April 2025

-

-

-

-

DEPRECIATION

At 1 May 2024

76,619

8,853

16,370

101,842

Eliminated on disposal

(76,619

)

(8,853

)

(16,370

)

(101,842

)

At 30 April 2025

-

-

-

-

NET BOOK VALUE

At 30 April 2025

-

-

-

-

At 30 April 2024

-

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,292

65,066

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

9,998

Trade creditors

-

41,674

Amounts owed to group undertakings

997,166

991,623

Other creditors

2,500

2,746

1,009,666

1,046,041

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,667

11,669

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

The Report of the Auditors was unqualified.

Steven James Garrod FCA (Senior Statutory Auditor)

for and on behalf of CR Bland Baker Limited

9.	RELATED PARTY DISCLOSURES

As the Company is a wholly owned subsidiary of Notsallow 134 Limited the Company has taken advantage of the exemption in FRS102 disclosure 33.1A and has therefore not disclosed transactions or balances with other wholly owned subsidiaries which form part of the group headed by Vertical Group Limited.

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking of this company at the year ended 30 April 2025 was Vertical Group Limited which is incorporated and registered in England and Wales.

The immediate parent undertaking and controlling party of this company is Notsallow 134 Limited which is incorporated and registered in England and Wales. The largest and smallest group of undertakings which include this Company and for which consolidated accounts have been drawn up is that headed by Vertical Group Limited.

The consolidated financial statements, within which this Company is included, can be obtained from 14 Hemmells, Laindon, Basildon, Essex, SS15 6ED. This is also the registered office address of Vertical Group Limited.

The ultimate controlling party is Mr Peter Healey.