ACCOUNTS - Final Accounts preparation

An analysis of turnover by class of business is as follows:

Registered number: 09738411

UNFORGETTABLE TRAVEL COMPANY LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

UNFORGETTABLE TRAVEL COMPANY LIMITED

COMPANY INFORMATION

Director	J Shikina


Registered number	09738411


Registered office	86-90 Paul Street
	London
	England
	EC2A 4NE


Independent auditors	Xeinadin Audit Limited
	Chartered Accountants & Statutory Auditors
	Level 5a
	Maple House
	149 Tottenham Court Road
	London
	W1T 7NF

UNFORGETTABLE TRAVEL COMPANY LIMITED

CONTENTS

	Page
Group Strategic Report	1 - 2
Director's Report	3 - 4
Independent Auditors' Report	5 - 9
Consolidated Statement of Comprehensive Income	10
Consolidated Statement of Financial Position	11
Company Statement of Financial Position	12
Consolidated Statement of Changes in Equity	13 - 14
Company Statement of Changes in Equity	15 - 16
Consolidated Statement of Cash Flows	17 - 18
Notes to the Financial Statements	19 - 34

UNFORGETTABLE TRAVEL COMPANY LIMITED

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

Introduction

The year to August 2025 represented a significant milestone in Unforgettable Travel Company’s continued rise among the world’s leading luxury travel companies. In a dynamic and ever-evolving global market, the business delivered record-breaking turnover, expanded its worldwide footprint, and further cemented its reputation for crafting extraordinary journeys with trust, expertise, and distinction.

Business review

Revenue reached £25.0 million, representing a 15% increase on the prior year and continuing the trajectory of double-digit growth. Gross profit grew to £8.0 million, maintaining a healthy 31% gross margin, well above UK industry averages. Profit before tax rose to £2.1 million (2024: £1.5m), reflecting disciplined cost management alongside continued investment in marketing, technology, and staff expansion. After tax, profit for the year stood at £1.6 million, with a recommended dividend of £600,000 to shareholders. The business now operates four established brands:

∙Unforgettable Croatia

∙Cruise Croatia

∙Unforgettable Greece

∙Unforgettable Travel

Key Performance Indicators
	2025	2024
	£	£

Turnover	£25.4m	£22.0m
Gross Profit	£8.0m	£6.4m
Gross Profit %	31%	29%
Profit before tax	£2.1m	£1.56m
Shareholdeer Funds	£2.9m	£1.94m

Brand Developments

In recognition of 10 years of trading and to further elevate our brand position in the market, the company hired creative agency 80 Days to redevelop the company’s branding, and to create a unified house of brands approach which would align the various unforgettable brands under one umbrella company structure. This represented a significant investment in the future of the company and the ability to firmly position ourselves in the HNW and UHNW market.

Awards and Recognition

Over the past 12 months, the company has continued to pick up several awards including:

∙Best Specialist Cruise Line at the Wave Awards for the third year in a row

∙Nominated to the Travel & Leisure A-List, one of the most coveted and curated lists

∙Conde Nast Top Travel Specialist for our Croatia destination expertise

∙Travel Weekly Magellan Award for Travel Planning

∙Travel Weekly Magellan Award for Destination Expansion

∙Travel Weekly Magellan Award for Small Ship Cruising

Page 1

UNFORGETTABLE TRAVEL COMPANY LIMITED

GROUP STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Principal Risks and Uncertainties

The business continues to actively manage risk through a range of proactive and well-established strategies.
Foreign exchange exposure is mitigated through a robust hedging programme, helping to protect both client pricing and company margins from market volatility. Regulatory risk remains carefully controlled, with the successful renewal of ATOL (7583) and ABTOT (5381) licences reinforcing customer confidence and financial protection.
External factors including geopolitical instability, terrorism, health crises, and extreme weather events are closely monitored using guidance from the UK Foreign, Commonwealth & Development Office and the US State Department. The global scale and diversification of the Unforgettable Travel brand further enhances resilience by reducing reliance on any single destination or market.
The business also recognises the importance of retaining key personnel, ensuring that high performance is appropriately rewarded and recognised. Strong commercial relationships with suppliers are maintained through close ongoing collaboration, while risk is minimised by avoiding over-dependence on any individual supplier or region.

Financial Position

The company retains a strong balance sheet with £11.0 million cash at bank (2024: £10.1m), £2.9 million in net assets, and no external debt. Customer payments are settled pre-departure, meaning credit risk is minimal and liquidity remains favourable.

Future Outlook

he Board remains confident in the company’s long-term growth trajectory and strategic direction. Key priorities for 2026 include the rollout of the company’s refreshed brand identity, alongside investment in new websites across its portfolio of brands.
The business also plans to invest in a new reservations platform to support continued scale and operational efficiency, while further strengthening the executive and senior leadership team through targeted recruitment. In addition, the company is exploring the launch of a new specialist brand aimed at accelerating growth within an emerging market segment aligned to the business’s long-term expansion strategy.

This report was approved by the board and signed on its behalf.

J Shikina

Director

Date: 28 May 2026

Page 2

UNFORGETTABLE TRAVEL COMPANY LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

The director presents her report and the financial statements for the year ended 31 August 2025.

Director's responsibilities statement

The director is responsible for preparing the Group Strategic Report, the Director's Report and the consolidated financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.

In preparing these financial statements, the director is required to:

∙select suitable accounting policies for the Group's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £1,625,502 (2024 - £1,217,242).

Directors have recommended a dividend amounting to £600,000 (2024: £500,000) for the financial year.

Director

The director who served during the year was:

J Shikina

Disclosure of information to auditors

The director at the time when this Director's Report is approved has confirmed that:

∙so far as she is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and

∙she has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.

Page 3

UNFORGETTABLE TRAVEL COMPANY LIMITED

DIRECTOR'S REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Auditors

The auditors, Xeinadin Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

J Shikina

Director

Date: 28 May 2026

Page 4

UNFORGETTABLE TRAVEL COMPANY LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UNFORGETTABLE TRAVEL COMPANY LIMITED

Opinion

We have audited the financial statements of Unforgettable Travel Company Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 August 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Group's and of the Parent Company's affairs as at 31 August 2025 and of the Group's profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Page 5

UNFORGETTABLE TRAVEL COMPANY LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UNFORGETTABLE TRAVEL COMPANY LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The director is responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Group Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Group Strategic Report and the Director's Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Director's Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept by the Parent Company, or returns adequate for our audit have not been received from branches not visited by us; or

∙the Parent Company financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of director's remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Page 6

UNFORGETTABLE TRAVEL COMPANY LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UNFORGETTABLE TRAVEL COMPANY LIMITED (CONTINUED)

Responsibilities of directors

As explained more fully in the Director's Responsibilities Statement set out on page 3, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the Group's and the Parent Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Group or the Parent Company or to cease operations, or has no realistic alternative but to do so.

Page 7

UNFORGETTABLE TRAVEL COMPANY LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UNFORGETTABLE TRAVEL COMPANY LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

∙Enquiry of management and those charged with governance around actual and potential litigation and claims;

∙Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;

∙Enquiry of management and those charged with governance to identify any instances of non-compliance with laws and regulations.

The potential effect of these laws and regulations on the financial statements varies considerably.
Firstly, the Group is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), distributable profits legislation and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.
Secondly, the Group is subject to many other laws and regulations where the consequence of non compliance could have a material effect on amounts or disclosures in the financial statements, for instance the imposition of fines or litigation. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Page 8

UNFORGETTABLE TRAVEL COMPANY LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UNFORGETTABLE TRAVEL COMPANY LIMITED (CONTINUED)

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Alexander Wall BA ACA (Senior Statutory Auditor)

for and on behalf of

Xeinadin Audit Limited

Chartered Accountants

Statutory Auditors

Level 5a

Maple House

149 Tottenham Court Road

London

W1T 7NF

28 May 2026

Page 9

UNFORGETTABLE TRAVEL COMPANY LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 AUGUST 2025

	2025	2024
Note	£	£


Turnover	4	25,440,244	21,966,103
Cost of sales		(17,392,317)	(15,519,248)
Gross profit		8,047,927	6,446,855
Administrative expenses		(6,290,316)	(4,943,143)
Other operating income	5	14,537	30,994
Operating profit	6	1,772,148	1,534,706
Interest receivable and similar income	10	379,557	28,509
Profit before tax		2,151,705	1,563,215
Tax on profit	11	(526,203)	(345,973)
Profit for the financial year		1,625,502	1,217,242

Profit for the year attributable to:
Owners of the parent company	1,625,502	1,217,242
	1,625,502	1,217,242

There were no recognised gains and losses for 2025 or 2024 other than those included in the consolidated statement of comprehensive income.

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 19 to 34 form part of these financial statements.

Page 10

UNFORGETTABLE TRAVEL COMPANY LIMITED

REGISTERED NUMBER: 09738411

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	13		38,205		-
Tangible assets	14		48,413		30,579
			86,618		30,579
Current assets
Debtors: amounts falling due within one year	16	3,915,570		2,842,533
Cash at bank and in hand	17	11,077,806		10,084,706
		14,993,376		12,927,239
Creditors: amounts falling due within one year	18	(12,089,399)		(11,004,691)
Net current assets			2,903,977		1,922,548
Total assets less current liabilities			2,990,595		1,953,127
Provisions for liabilities
Deferred tax	19	(18,851)		(6,885)
			(18,851)		(6,885)
Net assets			2,971,744		1,946,242

Capital and reserves
Called up share capital	20	30,000	30,000
Profit and loss account	21	2,941,744	1,916,242
		2,971,744	1,946,242

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J Shikina

Director

Date: 28 May 2026

The notes on pages 19 to 34 form part of these financial statements.

Page 11

UNFORGETTABLE TRAVEL COMPANY LIMITED

REGISTERED NUMBER: 09738411

COMPANY STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	13		38,205		-
Tangible assets	14		48,413		30,579
Investments	15		2,000		2,000
			88,618		32,579
Current assets
Debtors: amounts falling due within one year	16	3,915,570		2,849,787
Cash at bank and in hand	17	11,076,118		10,075,724
		14,991,688		12,925,511
Creditors: amounts falling due within one year	18	(12,089,399)		(11,004,691)
Net current assets			2,902,289		1,920,820
Total assets less current liabilities			2,990,907		1,953,399

Provisions for liabilities
Deferred taxation	19	(18,851)		(6,885)
			(18,851)		(6,885)
Net assets			2,972,056		1,946,514

Capital and reserves
Called up share capital	20	30,000	30,000
Profit and loss account	21	2,942,056	1,916,514
		2,972,056	1,946,514

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J Shikina

Director

Date: 28 May 2026

The notes on pages 19 to 34 form part of these financial statements.

Page 12

UNFORGETTABLE TRAVEL COMPANY LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 AUGUST 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 September 2024	30,000	1,916,242	1,946,242
Comprehensive income for the year
Profit for the year	-	1,625,502	1,625,502
Contributions by and distributions to owners
Dividends: Equity capital	-	(600,000)	(600,000)
At 31 August 2025	30,000	2,941,744	2,971,744

The notes on pages 19 to 34 form part of these financial statements.

Page 13

UNFORGETTABLE TRAVEL COMPANY LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 AUGUST 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 September 2023	30,000	1,199,000	1,229,000
Comprehensive income for the year
Profit for the year	-	1,217,242	1,217,242
Contributions by and distributions to owners
Dividends: Equity capital	-	(500,000)	(500,000)
At 31 August 2024	30,000	1,916,242	1,946,242

The notes on pages 19 to 34 form part of these financial statements.

Page 14

UNFORGETTABLE TRAVEL COMPANY LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 AUGUST 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 September 2024	30,000	1,916,514	1,946,514
Comprehensive income for the year
Profit for the year	-	1,625,542	1,625,542
Contributions by and distributions to owners
Dividends: Equity capital	-	(600,000)	(600,000)
At 31 August 2025	30,000	2,942,056	2,972,056

The notes on pages 19 to 34 form part of these financial statements.

Page 15

UNFORGETTABLE TRAVEL COMPANY LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 AUGUST 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 September 2023	30,000	1,201,072	1,231,072
Comprehensive income for the year
Profit for the year	-	1,215,442	1,215,442
Contributions by and distributions to owners
Dividends: Equity capital	-	(500,000)	(500,000)
At 31 August 2024	30,000	1,916,514	1,946,514

The notes on pages 19 to 34 form part of these financial statements.

Page 16

UNFORGETTABLE TRAVEL COMPANY LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit for the financial year	1,625,502	1,217,242
Adjustments for:
Depreciation of tangible assets	23,761	14,939
Loss on disposal of tangible assets	(357)	-
Interest received	(379,557)	(28,509)
Taxation charge	526,203	345,973
(Increase)/decrease in debtors	(1,060,547)	251,535
Increase in creditors	1,315,667	1,849,354
(Decrease)/increase in amounts owed to groups	(250,000)	125,000
Corporation tax (paid)/received	(807,742)	-
Foreign exchange	56	25,207
Net cash generated from operating activities	992,986	3,800,741

Cash flows from investing activities
Purchase of intangible fixed assets	(38,672)	-
Purchase of tangible fixed assets	(41,485)	(24,784)
Sale of tangible fixed assets	714	-
Interest received	379,557	28,509
Net cash from investing activities	300,114	3,725
Cash flows from financing activities
Dividends paid	(300,000)	(500,000)
Net cash used in financing activities	(300,000)	(500,000)
Net increase in cash and cash equivalents	993,100	3,304,466

Page 17

UNFORGETTABLE TRAVEL COMPANY LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

		2025	2024
		£	£


Cash and cash equivalents at beginning of year	10,084,706	6,780,240
Cash and cash equivalents at the end of year	11,077,806	10,084,706

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	11,077,806	10,084,706
	11,077,806	10,084,706

The notes on pages 19 to 34 form part of these financial statements.

Page 18

UNFORGETTABLE TRAVEL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	General information

Unforgettable Travel Company Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The nature of the company's operations and principal activities are that of a specialist tour operator.
The address of the registered office is given in the company information page of these financial statements.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.

The following principal accounting policies have been applied:

2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.

Page 19

UNFORGETTABLE TRAVEL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.3

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 Consolidated 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'.

On consolidation, the results of overseas operations are translated into Sterling at rates approximating to those ruling when the transactions took place. All assets and liabilities of overseas operations are translated at the rate ruling at the reporting date. Exchange differences arising on translating the opening net assets at opening rate and the results of overseas operations at actual rate are recognised in other comprehensive income.

2.4

Turnover

Turnover represents amounts receivable and received for holidays travelled in the year excluding value added tax. Income is recognised on a departure date basis. Cancellation income is recognised at the date of cancellation.

2.5

Operating leases: the Group 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.

Page 20

UNFORGETTABLE TRAVEL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.6

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.8

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group 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 Group in independently administered funds.

Page 21

UNFORGETTABLE TRAVEL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 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 and the Group operate and generate 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;

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

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

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.

Amortisation is provided on the following basis:
Development expenditure - 33% straight line

2.11

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.

Page 22

UNFORGETTABLE TRAVEL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.11

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

33%

straight line

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.

2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.13

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.

2.14

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.

In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

2.15

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.

2.16

Advance receipts and payment

All revenue relating to tours with departure dates after the year end are treated as advance receipts at the balance sheet date and are separately disclosed in other creditors. Payments made to suppliers in respect of these tours are included in prepayments and accrued income.

Page 23

UNFORGETTABLE TRAVEL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.17

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.

2.18

Financial instruments

The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Group's Statement of Financial Position when the Group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

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 Group after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is

Page 24

UNFORGETTABLE TRAVEL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.18

Financial instruments (continued)

due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

2.19

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements,estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based historical experience and other factors that are recognised to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.
Critical judgements
The directors are of the view that there are no further critical judgements (apart from those involving estimates) in applying their accounting policies that have had a significant effect on amounts recognised in the financial statements.
Key sources of estimation uncertainty
The directors are of the view that there are no estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.

Page 25

UNFORGETTABLE TRAVEL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Holiday Travel Sales	25,440,244	21,966,103
	25,440,244	21,966,103

Analysis of turnover by country of destination:

					2025	2024
					£	£

United Kingdom	397,020	264,149
Rest of Europe	20,128,206	17,406,923
Rest of the world	4,915,018	4,295,031
	25,440,244	21,966,103

5.	Other operating income
		2025	2024
		£	£

Other operating income	14,537	30,994
	14,537	30,994

Depreciation of tangible fixed assets	23,294	14,939
Amortisation of intangible fixed assets	467	-
Exchange differences	(102,713)	519,077
Other operating lease rentals	106,327	62,272

Page 26

UNFORGETTABLE TRAVEL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Fees payable to the Company's auditors for the audit of the consolidated and parent Company's financial statements	25,000	22,500
Fees payable to the Company's auditors for non audit services
All non-audit services not included above	8,000	7,500

8.	Employees
	Staff costs, including director's remuneration, were as follows:

Group	Group	Company	Company
2025	2024	2025	2024
£	£	£	£


Wages and salaries	2,200,218	1,433,156	2,200,218	1,433,156
Social security costs	264,650	159,002	264,650	159,002
Cost of defined contribution scheme	46,979	28,680	46,979	28,680
	2,511,847	1,620,838	2,511,847	1,620,838

The average monthly number of employees, including the director, during the year was as follows:

	Group	Group	Company	Company
	2025	2024	2025	2024
	No.	No.	No.	No.

Employees	38	27	38	27

9.	Director's remuneration
		2025	2024
		£	£

Director's emoluments	40,200	32,718
Group contributions to defined contribution pension schemes	1,302	-
	41,502	32,718

During the year retirement benefits were accruing to 1 director (2024 - NIL) in respect of defined contribution pension schemes.

Page 27

UNFORGETTABLE TRAVEL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

10.	Interest receivable
		2025	2024
		£	£

	Other interest receivable	379,557	28,509
		379,557	28,509

Corporation tax
Current tax on profits for the year	526,783	295,852
Adjustments in respect of previous periods	(12,546)	47,986

Total current tax	514,237	343,838

Deferred tax
Origination and reversal of timing differences	11,966	2,135
Total deferred tax	11,966	2,135


	Tax on profit	526,203	345,973

Page 28

UNFORGETTABLE TRAVEL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

11.Taxation (continued)

Profit on ordinary activities before tax

2,151,705

1,563,215

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	537,926	390,804
Effects of:
Expenses not deductible for tax purposes	1,238	5,307
Capital allowances for year in excess of depreciation	-	(98,124)
Adjustments to tax charge in respect of prior periods	(12,961)	47,986
Total tax charge for the year	526,203	345,973

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

12.	Dividends
		2025	2024
		£	£

	Dividends paid	600,000	500,000
		600,000	500,000

Page 29

UNFORGETTABLE TRAVEL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

13.	Intangible assets
	Group and Company

		Development expenditure
		£
	Cost
	At 1 September 2024	91,560
	Additions	38,672
	At 31 August 2025	130,232
	Amortisation
	At 1 September 2024	91,560
	Charge for the year on owned assets	467
	At 31 August 2025	92,027
	Net book value
	At 31 August 2025	38,205
	At 31 August 2024	-

Page 30

UNFORGETTABLE TRAVEL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

14.	Tangible fixed assets
	Group and Company

		Office equipment
		£
	Cost or valuation
	At 1 September 2024	104,053
	Additions	41,485
	Disposals	(505)
	At 31 August 2025	145,033
	Depreciation
	At 1 September 2024	73,474
	Charge for the year on owned assets	23,294
	Disposals	(148)
	At 31 August 2025	96,620
	Net book value
	At 31 August 2025	48,413
	At 31 August 2024	30,579

15.	Fixed asset investments

	Company

		Investment in subsidiaries
		£
	Cost or valuation
	At 1 September 2024	2,000
	At 31 August 2025	2,000

Page 31

UNFORGETTABLE TRAVEL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

16.

Debtors

Group	Group	Company	Company
2025	2024	2025	2024
£	£	£	£


Trade debtors	13,922	-	13,922	-
Amounts owed by group undertakings	-	-	-	7,254
Other debtors	2,052,478	823,876	2,052,478	823,876
Prepayments and accrued income	1,836,680	2,018,657	1,836,680	2,018,657
Tax recoverable	12,490	-	12,490	-
	3,915,570	2,842,533	3,915,570	2,849,787

Prepayments and accrued income includes £1,836,680 (2024: £2,018,657) of amounts paid to suppliers in respect of future departures.

17.	Cash and cash equivalents
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Cash at bank and in hand	11,077,806	10,084,706	11,076,118	10,075,724
	11,077,806	10,084,706	11,076,118	10,075,724

18.	Creditors: Amounts falling due within one year
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Trade creditors	1,246,922	913,406	1,246,922	913,406
Amounts owed to group undertakings	300,000	250,000	300,000	250,000
Corporation tax	251,075	532,034	251,075	532,034
Other taxation and social security	110,320	58,429	110,320	58,429
Other creditors	317,123	273,491	317,123	273,491
Accruals and deferred income	9,863,959	8,977,331	9,863,959	8,977,331
	12,089,399	11,004,691	12,089,399	11,004,691

Accruals and deferred income includes £9,795,390 (2024: £8,947,331) of amounts received from customers in respect of future departures.

Page 32

UNFORGETTABLE TRAVEL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

19.	Deferred taxation
	Group

	2025	2024
	£	£

At beginning of year	(6,885)	(4,750)
Charged to profit or loss	(11,966)	(2,135)
At end of year	(18,851)	(6,885)

The provision for deferred taxation is made up as follows:
	Group	Group	Company	Company
	2025	2024	2025	2024
	£	£	£	£

Fixed asset timing differences	(20,216)	(7,645)	(20,216)	(7,645)
Short term timing differences	1,365	760	1,365	760
	(18,851)	(6,885)	(18,851)	(6,885)

20.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

30,000 (2024 - 30,000) Ordinary Shares shares of £1.00 each	30,000	30,000

21.

Reserves

Profit and loss account

The profit and loss account includes all current and prior periods retained profit.

22.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £46,979 (2024: £28,680). Contributions totalling £11,836 (2024: £7,414) were payable to the fund at the balance sheet date.

Page 33

UNFORGETTABLE TRAVEL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

23.	Commitments under operating leases

The Group and the Company had no commitments under non-cancellable operating leases at the reporting date.

24.

Related party transactions

At the year end, the Company was owed £719,160 from Julia Shikina (2024: £428,798). Advancements in the year totalled £925,063 (2024: £966,678) and repayments and dividends totalled £634,701 (2024: £466,149). Interest has been charged of £19,568 (2024: £167).
At the year end, the Company owed Mario Fortini £4,252 (2024: £4,252). There were no advancements or repayments in the year.
At the year end, the Company owed £300,000 (2024: £250,000) to Romebury Limited, which is one of the shareholders of the Company.
The Company has taken the exemption available to not disclose transactions within the year, between wholly owned subsidiaries and fellow group companies.

25.	Post balance sheet events

The directors have concluded that no material events have occurred since the date of approval of these financial statements that would affect the financial statements of the Group.

26.	Controlling party

The ultimate controlling party is J Shikina, a director and shareholder of the Company.

Page 34