EASEMYTRIP UK LTD - Filleted accounts

Registered number

12009756

EASEMYTRIP UK LTD

Filleted Accounts

31 March 2025

TEMPLETONS (HOLDINGS) LIMITED

CHARTERED ACCOUNTANTS &

REGISTERED AUDITORS

309 HOE STREET

WALTHAMSTOW

LONDON E17 9BG

EASEMYTRIP UK LTD
Registered number:		12009756
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		56,249			65,005

Current assets
Debtors	5	2,217,879			1,752,802
Cash at bank and in hand		98,829			200,559
		2,316,708			1,953,361

Creditors: amounts falling due within one year	6	(3,076,995)			(2,767,913)

Net current liabilities			(760,287)			(814,552)

Total assets less current liabilities			(704,038)			(749,547)

Creditors: amounts falling due after more than one year	7		(37,475)			(46,277)



Net liabilities			(741,513)			(795,824)

Capital and reserves
Called up share capital			30,000			30,000
Profit and loss account			(771,513)			(825,824)

Shareholders' funds			(741,513)			(795,824)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Nishant Pitti
Director
Approved by the board on 3 October 2025

EASEMYTRIP UK LTD
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	12.5% reducing balance
	Motor Vehicles	12.5% reducing balance


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2	Going Concern
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
	Notwithstanding the net assets deficiency, the financial statements have been prepared on a going concern basis, as in the opinion of the director, the company has sufficient financial support from its creditors and shareholder to pay its debts as they fall due.

3	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	250		72,480		72,730
	Adjustment	(15)		-		(15)
	At 31 March 2025	235		72,480		72,715

	Depreciation
	At 1 April 2024	63		7,662		7,725
	Charge for the year	33		8,708		8,741
	At 31 March 2025	96		16,370		16,466

	Net book value
	At 31 March 2025	139		56,110		56,249
	At 31 March 2024	187		64,818		65,005


5	Debtors			2025		2024
£					£

	Trade debtors			232,508		53,950
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			1,454,149		1,383,878
	Other debtors			531,222		314,974
				2,217,879		1,752,802
	Included under amounts owed by group is an amount of £1,454,149 (2024: £1,383,878) which is fully recoverable from the group companies Easy Trip Planners Limited.

6	Creditors: amounts falling due within one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			10,675		10,675
	Bank Loan- (see note 8 below)			720,000		720,000
	Trade creditors			1,118,834		795,604
	Amounts owed to group undertakings and undertakings in which the company has a participating interest (see note 9 below)			990,000		990,000
	Taxation and social security costs			1,712		453
	Other creditors			235,774		251,181
				3,076,995		2,767,913


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			37,475		46,277


8	Loan			2025		2024
£					£
	Creditors include:

	Secured bank loan			720,000		720,000

	The bank loan is working capital loan facility. The rate of interest is a percentage rate per annum based on margin and Libor applicable. The loan is guaranteed by security provided by Easy Trip Planners Limited.


9	Related party transactions

	At the year end Easemytrip UK Ltd owed £990,000 (2024 - £990,000) to Easemytrip India, a company incorporated in India and is under common control.
	This amount is taken as a loan and an interest rate of 8% is payable per annum.

10	Controlling party

	The ultimate parent company is Easy Trip Planners Limited, a company incorporated in India, which owns 100% shares in Easemytrip UK Limited. Both companies are under the common control of Nishant Pitti.


11	Other information

	EASEMYTRIP UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
	309 Hoe Street
	Walthamstow
	London
	E17 9BG