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Registered number: 06951276 TRAVEL & TRADE WORLDWIDE LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JULY 2025
TRAVEL & TRADE WORLDWIDE LIMITED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TRAVEL & TRADE WORLDWIDE LIMITED FOR THE YEAR ENDED 31 JULY 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Travel & Trade Worldwide Limited for the year ended 31 July 2025 which comprise the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us. This report is made solely to the Directors of Travel & Trade Worldwide Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Travel & Trade Worldwide Limited and state those matters that we have agreed to state to the Directors of Travel & Trade Worldwide Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Travel & Trade Worldwide Limited and its Directors for our work or for this report. It is your duty to ensure that Travel & Trade Worldwide Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position, and profit of Travel & Trade Worldwide Limited. You consider that Travel & Trade Worldwide Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of Travel & Trade Worldwide Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Xeinadin London Limited Accountants 8th Floor Becket House 36 Old Jewry London EC2R 8DD 19 February 2026 Page 1
TRAVEL & TRADE WORLDWIDE LIMITED REGISTERED NUMBER: 06951276 STATEMENT OF FINANCIAL POSITION AS AT 31 JULY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 20,961 |  | 21,705
Tangible assets | 5 |  | 2,917 |  | 1,273
|  |  | 23,878 |  | 22,978
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 430,150 |  | 849,389 |
Cash at bank and in hand | 7 | 411,053 |  | 571,154 |
|  | 841,203 |  | 1,420,543 |
Creditors: amounts falling due within one year | 8 | (845,854) |  | (1,324,761) |
Net current (liabilities)/assets |  |  | (4,651) |  | 95,782
Total assets less current liabilities |  |  | 19,227 |  | 118,760
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 | (724) |  | (318) |
|  |  | (724) |  | (318)
Net assets |  |  | 18,503 |  | 118,442
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1,000 |  | 1,000
Profit and loss account |  |  | 17,503 |  | 117,442
|  |  | 18,503 |  | 118,442
Page 2
TRAVEL & TRADE WORLDWIDE LIMITED REGISTERED NUMBER: 06951276 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 JULY 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Gavin Pereira
Director
Date: 19 February 2026
The notes on pages 4 to 11 form part of these financial statements. Page 3
TRAVEL & TRADE WORLDWIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
1. | General information
Travel & Trade Worldwide Limited is a private company limited by shares which is incorporated in England & Wales, United Kingdom. The address of the registered office is given on the Company Information page of these financial statements. The nature of the company's operations and principal activities is that of providing travel services. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Turnover comprises revenue recognised by the Company in respect of commissions earned on bookings made for holidays in an agent capacity. Commissions are recognised in the profit and loss at the date of booking, net of applicable VAT.
| 2.3 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.4 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. The estimated useful lives range as follows:
|  |  |  | Computer software | - | 5 | years
Page 4
TRAVEL & TRADE WORLDWIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.5 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Plant & machinery | - | 25% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.6 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.7 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.8 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 5
TRAVEL & TRADE WORLDWIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.9 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.10 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 6
TRAVEL & TRADE WORLDWIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.11 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.12 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.13 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.14 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.15 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
3. | Employees
| The average monthly number of employees, including directors, during the year was 4 (2024 - 3).
Page 7
TRAVEL & TRADE WORLDWIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
4. | Intangible assets
|  | Computer software
|  | £
| Cost |
| At 1 August 2024 | 55,867
| Additions - internal | 5,928
| At 31 July 2025 | 61,795
| Amortisation |
| At 1 August 2024 | 34,162
| Charge for the year on owned assets | 6,672
| At 31 July 2025 | 40,834
| Net book value |
| At 31 July 2025 | 20,961
| At 31 July 2024 | 21,705
Page 8
TRAVEL & TRADE WORLDWIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
5. | Tangible fixed assets
|  | Plant and machinery
|  | £
| Cost or valuation |
| At 1 August 2024 | 4,388
| Additions | 2,240
| At 31 July 2025 | 6,628
| Depreciation |
| At 1 August 2024 | 3,115
| Charge for the year on owned assets | 596
| At 31 July 2025 | 3,711
| Net book value |
| At 31 July 2025 | 2,917
| At 31 July 2024 | 1,273
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 419,919 | 844,839
| Other debtors | 5,088 | 4,550
| Prepayments and accrued income | 5,143 | -
|  | 430,150 | 849,389
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 411,053 | 571,154
|  | 411,053 | 571,154
Page 9
TRAVEL & TRADE WORLDWIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 823,058 | 1,279,553
| Corporation tax | - | 16,270
| Other taxation and social security | 16,030 | 18,821
| Other creditors | 6,766 | 10,117
|  | 845,854 | 1,324,761
9. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (318)
| Charged to profit or loss | (406)
| At end of year | (724)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (724) | (318)
|  | (724) | (318)
10. | Commitments under operating leases
| At 31 July 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 20,273 | 10,370
| Later than 1 year and not later than 5 years | 7,597 | -
|  | 27,870 | 10,370
Page 10
TRAVEL & TRADE WORLDWIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
11. | Related party transactions
| During the year the company paid a dividend of £100,000 (2024: £6,000) to the shareholders of the company.
12. | Controlling party
The ultimate controlling parties are Gavin Pereira and Tanielle Pereira, by virtue of their shareholding.
Page 11