REGISTERED NUMBER: 01822939 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Ambassador Travel (Anglia) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

5

3,774,289

3,393,613

Current assets

Stocks

90,247

80,874

Debtors

6

1,198,943

1,166,931

Prepayments and accrued income

173,805

164,370

Cash at bank

636,542

610,720

2,099,537

2,022,895

Creditors

Amounts falling due within one year

7

(553,078

)

(595,642

)

Net current assets

1,546,459

1,427,253

Total assets less current liabilities

5,320,748

4,820,866

Creditors

Amounts falling due after more than one year

8

(872,126

)

(888,934

)

Provisions for liabilities

(849,493

)

(751,124

)

Net assets

3,599,129

3,180,808

Capital and reserves

Called up share capital

1,922,633

1,922,633

Revaluation reserve

9

819,024

543,896

Retained earnings

857,472

714,279

3,599,129

3,180,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 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 17 March 2026 and were signed on its behalf by:

Mr I Forkes - Director

1.	Statutory information

Ambassador Travel (Anglia) Limited 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:

01822939

Registered office:

James Watt Close

Gapton Hall Industrial Estate

Great Yarmouth

Norfolk

NR31 0NX

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant, machinery and office equipment -10-33% straight line

Motor vehicles - 25% reducing balance

Public service vehicles - 15-25 years straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

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.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 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.

Hire purchase and leasing commitments

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

Cost of tyres

The company adjusts the cost of tyres in the profit and loss to take into account the remaining life of the tyre at the year end. The tread depths of tyres in use are measured and this information is used to calculate the remaining value of the tyres at the year end.

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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model and the performance model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognised as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of the grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable., Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

4.	Employees and directors

The average number of employees during the year was 73 (2024 - 68 ) .

5.	Tangible fixed assets

Public

Freehold

Plant and

Motor

service

property

machinery

vehicles

vehicles

Totals

£

£

£

£

£

Cost or valuation

At 1 August 2024

850,000

173,119

85,208

4,418,719

5,527,046

Additions

28,162

12,790

(1

)

229,074

270,025

Disposals

-

-

(12,607

)

(11,001

)

(23,608

)

Revaluations

366,838

-

-

-

366,838

At 31 July 2025

1,245,000

185,909

72,600

4,636,792

6,140,301

Depreciation

At 1 August 2024

-

112,748

31,632

1,989,053

2,133,433

Charge for year

-

25,967

18,150

204,032

248,149

Eliminated on disposal

-

-

(12,025

)

(3,545

)

(15,570

)

At 31 July 2025

-

138,715

37,757

2,189,540

2,366,012

Net book value

At 31 July 2025

1,245,000

47,194

34,843

2,447,252

3,774,289

At 31 July 2024

850,000

60,371

53,576

2,429,666

3,393,613

Cost or valuation at 31 July 2025 is represented by:

Public

Freehold

Plant and

Motor

service

property

machinery

vehicles

vehicles

Totals

£

£

£

£

£

Valuation in 2019

526,732

-

-

-

526,732

Valuation in 2025

366,838

-

-

-

366,838

Cost

351,430

185,909

72,600

4,636,792

5,246,731

1,245,000

185,909

72,600

4,636,792

6,140,301

6.

Debtors

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

467,997

493,136

Other debtors

227,398

231,823

695,395

724,959

2025

2024

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

503,548

441,972

Aggregate amounts

1,198,943

1,166,931

Within other debtors is £155,000 (2024: £155,000) which is owed by a company in which the directors have an interest. No interest has been charged on this balance or the amount owed by group undertakings.

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

178,796

154,068

Trade creditors

249,786

245,145

Taxation and social security

21,275

58,536

Other creditors

93,221

127,893

553,078

595,642

Hire purchase liabilities of £178,796 (2024: £154,068), are secured on the assets to which they relate.

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

6,667

16,667

Hire purchase contracts

865,459

872,267

872,126

888,934

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

121,653

213,332

Hire purchase liabilities of £865,459 (2024: £872,267), are secured on the assets to which they relate.

Hire purchase agreements are subject to interest charged at market rates.

9.

Reserves

Revaluation

reserve

£

At 1 August 2024

543,896

Revaluations

275,128

At 31 July 2025

819,024

Profit and loss account - This reserve records distributable retained earnings and accumulated losses.

Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income.

10.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	Ultimate controlling party

The ultimate controlling party is Vistafield Limited.

12.	Guarantees

The company has provided a guarantee to its parent company. The maximum liability that could arise under this guarantee is £120,000.