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Registered number: 08632980 WORLDWIDE INDEPENDENT TRAVEL NETWORK (WIN) LTD. FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 SEPTEMBER 2025
WORLDWIDE INDEPENDENT TRAVEL NETWORK (WIN) LTD. COMPANY INFORMATION
Directors | S Esom
| J Lo Bue-Said
Registered number | 08632980
Registered office | C/O Regus, Eagle House
| 167 City Road
| Old Street
| London
| EC1V 1NR
Independent auditors | Xeinadin Audit Limited
| Chartered Accountants & Statutory Auditor
| 8th Floor
| Becket House
| 36 Old Jewry
| London
| EC2R 8DD
WORLDWIDE INDEPENDENT TRAVEL NETWORK (WIN) LTD. CONTENTS
| Page
Statement of financial position | 1
Notes to the financial statements | 2 - 8
WORLDWIDE INDEPENDENT TRAVEL NETWORK (WIN) LTD. REGISTERED NUMBER: 08632980 STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 4,478,346 |  | 3,978,847 |
Cash at bank and in hand | 7 | 620,755 |  | 875,098 |
|  | 5,099,101 |  | 4,853,945 |
Creditors: amounts falling due within one year | 8 | (1,826,379) |  | (1,776,320) |
Net current assets |  |  | 3,272,722 |  | 3,077,625
Total assets less current liabilities |  |  | 3,272,722 |  | 3,077,625
Net assets |  |  | 3,272,722 |  | 3,077,625
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 7,600 |  | 7,600
Share premium account |  |  | 38,800 |  | 38,800
Profit and loss account |  |  | 3,226,322 |  | 3,031,225
|  |  | 3,272,722 |  | 3,077,625
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:
J Lo Bue-Said
Director
Date: 20 February 2026
The notes on pages 2 to 8 form part of these financial statements. Page 1
WORLDWIDE INDEPENDENT TRAVEL NETWORK (WIN) LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. | General information
Worldwide Independent Travel Network (WIN) Ltd. is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
| 2.2 | 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.
| 2.3 | Turnover
Turnover represents net invoiced sales of services, excluding value added tax and adjusted for accrued revenue calculated by reference to the fair value of services performed at the balance sheet date but not invoiced. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors falling due within one year. 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
| 2.4 | 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. Page 2
WORLDWIDE INDEPENDENT TRAVEL NETWORK (WIN) LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | 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.
| 2.7 | 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.
| 2.8 | 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.
| 2.9 | 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.
| 2.10 | 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.
| 2.11 | Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date. Page 3
WORLDWIDE INDEPENDENT TRAVEL NETWORK (WIN) LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.12 | 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.
| 2.13 | Financial instruments
The Company 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 Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument. 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 Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements requires management to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. Page 4
WORLDWIDE INDEPENDENT TRAVEL NETWORK (WIN) LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
4. | Turnover
The turnover of the company for the year has been derived from its principle activities wholly undertaken in the United Kindom. Analysis of turnover by country of destination:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| United Kingdom | 1,145,072 | 1,263,409
| All turnover arose within the United Kingdom.
5. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 222,839 | 137,403
| Amounts owed by group undertakings | 3,839,698 | 3,600,213
| Other debtors | 77,082 | 3,097
| Prepayments and accrued income | 338,727 | 237,942
| Deferred taxation | - | 192
|  | 4,478,346 | 3,978,847
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 620,755 | 875,098
|  | 620,755 | 875,098
Page 5
WORLDWIDE INDEPENDENT TRAVEL NETWORK (WIN) LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 16,614 | 224
| Amounts owed to group undertakings | 1,113,025 | 228,474
| Corporation tax | 66,285 | -
| Other creditors | 53 | 622
| Accruals and deferred income | 630,402 | 1,547,000
|  | 1,826,379 | 1,776,320
Page 6
WORLDWIDE INDEPENDENT TRAVEL NETWORK (WIN) LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
9. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | 192 | 192
| Charged to profit or loss | (192) | -
| At end of year | - | 192
| The deferred tax asset is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Timing differences | - | 192
|  | - | 192
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 76 (2024 - 76) Ordinary shares of £100.00 each | 7,600 | 7,600
11. | 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 £6,801 (2024: £6,595). Contributions totalling £Nil (2024: £Nil) were payable to the fund at the balance sheet date and are included in creditors. Page 7
WORLDWIDE INDEPENDENT TRAVEL NETWORK (WIN) LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
12. | Related party transactions
| Appendix C of FRS 102 Section 1A, does not require disclosure of transactions entered into between two or more members of the group, provided that any subsidiary which is a party to the transaction is a wholly owned member. Hence these transactions were not disclosed in these financial statements. There were no material related party transactions entered into during the year that have not been concluded under normal market conditions. Included in the profit and loss account for the year ended 30 September 2025 are management charges totalling £132,919 (2024: £114,697) and country incentive commissions totalling £261,835 (2024: £409,759) payable to Advantage Travel Centres Limited. At the balance sheet date, the Company was owed £3,714,000 (2024: £3,241,476) from Advantage Travel Centres Limited, which is included in debtors. At the balance sheet date, the Company was owed £7,681 (2024: £12,246) from Advantage 4 Travel Limited, which is included in debtors. At the balance sheet date, the Company was owed £118,017 (2024: £118,017) from Advantage Meetings & Events Limited, which is included in debtors.
13. | Post balance sheet events
The directors have concluded that no other material events have occurred since the date of approval of these financial statements that would affect the financial statements of the Company.
14. | Ultimate controlling party
Advantage Travel Centres Limited, a company registered in England and Wales is the ultimate and immediate parent company with ownership of 94.74% in the share capital of the company. This company prepares group financial statements which are publicly available and copies can be obtained from its registered office at C/O Regus, Eagle House, 167 City Road. London, EC1V 1NR.
15. | Auditors' information
The auditors' report on the financial statements for the year ended 30 September 2025 was unqualified. The audit report was signed on 20 February 2026 by Yasin Khandwalla FCCA (Senior statutory auditor) on behalf of Xeinadin Audit Limited.
Page 8