La Vida Travel Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08649610

La Vida Travel Limited

Filleted Unaudited Financial Statements

30 August 2025

La Vida Travel Limited

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of La Vida Travel Limited

Period from 1 September 2024 to 30 August 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 La Vida Travel Limited for the period ended 30 August 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. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of La Vida Travel Limited. Our work has been undertaken solely to prepare for your approval the financial statements of La Vida Travel Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than La Vida Travel Limited and its director for our work or for this report.

It is your duty to ensure that La Vida Travel 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 La Vida Travel Limited. You consider that La Vida Travel Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of La Vida Travel 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.

PAUL PHILLIS & CO LIMITED Chartered accountants

11a Corelli Street Newport South Wales NP19 7AR

28 May 2026

La Vida Travel Limited

Statement of Financial Position

30 August 2025

	30 Aug 25		31 Aug 24
Note	£	£	£

Fixed assets

Tangible assets	5		10,211	7,357

Current assets

Debtors	6	153,924	130,081
Cash at bank and in hand		418,149	295,566
		---------	---------
		572,073	425,647

Creditors: amounts falling due within one year	7	190,315		124,959
		---------		---------
Net current assets			381,758	300,688
			---------	---------
Total assets less current liabilities			391,969	308,045

Creditors: amounts falling due after more than one year	8		–	8,334

Provisions

Taxation including deferred tax	2,553	–
	---------	---------
Net assets	389,416	299,711
	---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	389,415	299,710
	---------	---------
Shareholder funds	389,416	299,711
	---------	---------

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 period ending 30 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

La Vida Travel Limited

Statement of Financial Position (continued)

30 August 2025

These financial statements were approved by the board of directors and authorised for issue on 19 May 2026 , and are signed on behalf of the board by:

Mrs K.M. Marin Reyes
Director

Company registration number: 08649610

La Vida Travel Limited

Notes to the Financial Statements

Period from 1 September 2024 to 30 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Corelli Street, Newport, NP19 7AR, South Wales.

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.

Changes in formats

The company previously prepared its accounts under FRS105 as it previously qualified as a micro-entity. However, the company breached the size threshold for the second consecutive year during the year ended 31st August 2025 and therefore these accounts have been prepared under FRS102.

No prior year adjustments have been accounted for as the change in the accounting basis did not result in any material adjustments required to the accounts in respect of the year ended 31st August 2024.

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. The items in the financial statements where these judgements and estimates have been made include: Depreciation: The company exercises judgement to determine useful lives and residual values of tangible and intangible assets. The assets are depreciated down to their residual values over their estimated lives.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Turnover represents commission received for the sale of holidays. Turnover is recognised at the point of departure.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. 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.

Tangible assets

Tangible 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

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:

Fixtures and fittings	-	25% reducing balance
Office equipment	-	25% reducing balance

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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. Debtors and creditors due within one year are measured at amortised cost. Debt instruments are subsequently measured at amortised cost. 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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 12 (2024: 11 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 September 2024	7,451	27,041	34,492
Additions	3,519	2,739	6,258
	--------	--------	--------
At 30 August 2025	10,970	29,780	40,750
	--------	--------	--------
Depreciation
At 1 September 2024	6,338	20,797	27,135
Charge for the period	1,158	2,246	3,404
	--------	--------	--------
At 30 August 2025	7,496	23,043	30,539
	--------	--------	--------
Carrying amount
At 30 August 2025	3,474	6,737	10,211
	--------	--------	--------
At 31 August 2024	1,113	6,244	7,357
	--------	--------	--------

6. Debtors

	30 Aug 25	31 Aug 24
	£	£
Trade debtors	71,229	54,769
Amounts owed by group undertakings and undertakings in which the company has a participating interest	81,755	75,312
Other debtors	940	–
	---------	---------
	153,924	130,081
	---------	---------

7. Creditors: amounts falling due within one year

	30 Aug 25	31 Aug 24
	£	£
Bank loans and overdrafts	8,334	10,000
Trade creditors	22,024	3,363
Corporation tax	44,791	32,326
Social security and other taxes	38,618	34,882
Other creditors	76,548	44,388
	---------	---------
	190,315	124,959
	---------	---------

8. Creditors: amounts falling due after more than one year

	30 Aug 25	31 Aug 24
	£	£
Bank loans and overdrafts	–	8,334
	----	-------

There is no amount included within creditors that is due for repayment after more than five years after the balance sheet date.

9. Director's advances, credits and guarantees

During the period the director entered into the following advances and credits with the company:

	30 Aug 25
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs K.M. Marin Reyes	( 15,500)	( 38,556)	11,000	( 43,056)
	--------	--------	--------	--------

	31 Aug 24
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs K.M. Marin Reyes	( 74,675)	( 77,000)	136,175	( 15,500)
	--------	--------	---------	--------

The director's loan is interest free and repayable on demand.

10. Related party transactions

During the period the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	30 Aug 25	31 Aug 24	30 Aug 25	31 Aug 24
	£	£	£	£
La Vida Travel Cardiff Ltd	( 8,679)	( 12,500)	66,633	75,312
	-------	--------	--------	--------

The company was under the control of the director Mrs K.M. Marin Reyes throughout both the current and previous financial periods. During the year the director received dividends amounting to £38,500 (2024 - £77,000) in her capacity as a shareholder. The director is also a director and controlling shareholder of La Vida Travel Cardiff Ltd. Both transactions and balances outstanding at the end of the financial year are stated above.