ACCOUNTS - Final Accounts preparation

Registered number: NI016998

Orr's Travel Limited

Financial statements

Information for filing with the registrar

For the Year Ended 30 September 2025

Orr's Travel Limited

Registered number: NI016998

Balance Sheet

As at 30 September 2025

	2025	2025	2024	2024
Note	£	£	£	£

Fixed assets
Tangible assets	4		13,432		18,818
			13,432		18,818
Current assets
Debtors: amounts falling due within one year	5	1,588,773		1,590,657
Cash at bank and in hand	6	659,561		634,007
		2,248,334		2,224,664
Creditors: amounts falling due within one year	7	(2,079,309)		(2,075,136)
Net current assets			169,025		149,528
Total assets less current liabilities			182,457		168,346
Provisions for liabilities
Deferred tax	8		(192)		(1,196)
Net assets			182,265		167,150

Capital and reserves
Called up share capital	9	62,500	62,500
Profit and loss account		119,765	104,650
		182,265	167,150

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 on 20 March 2026.

G I McFadden	I K Webb
Director	Director

The notes on pages 2 to 9 form part of these financial statements.

Page 1

Orr's Travel Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

1.	General information

The principal activity of the company is that of travel agents.
The company is a private company limited by shares and is incorporated in Northern Ireland and domiciled in the United Kingdom. The address of the registered office is 20 Frances Street, Newtownards, Co Down, BT23 7DN.

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 requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of John Hogg & Co, Limited as at 30 September 2025 and these financial statements may be obtained from Companies House.

2.3

Going concern

The directors have a reasonable expectation that the Company has adequate resources available to it to continue operations for the foreseeable future and, accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Page 2

Orr's Travel Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

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.

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

20%

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.

2.6

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.

Page 3

Orr's Travel Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

2.Accounting policies (continued)

2.7

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.

2.8

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.

2.9

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.

2.10

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Defined benefit - multi-employer pension scheme

The Company is a member of a multi-employer plan. Where it is not possible for the Company to obtain sufficient information to enable it to account for the plan as a defined benefit plan, it accounts for the plan as a defined contribution plan.

2.11

Interest income

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

Page 4

Orr's Travel Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

2.Accounting policies (continued)

2.12

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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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; and

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

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 balance sheet date.

2.13

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

2.14

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Employees

The average monthly number of employees, including directors, during the year was 8 (2024 - 8).

Page 5

Orr's Travel Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 October 2024	37,546
	At 30 September 2025	37,546
	Depreciation
	At 1 October 2024	18,728
	Charge for the year	5,386
	At 30 September 2025	24,114
	Net book value
	At 30 September 2025	13,432
	At 30 September 2024	18,818

Debtors

					2025	2024
					£	£


Trade debtors	1,495,467	1,505,944
Amounts owed by related parties	70,653	74,529
Prepayments and accrued income	22,653	10,184
	1,588,773	1,590,657

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	659,561	634,007
	659,561	634,007

Page 6

Orr's Travel Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	1,923,389	1,926,844
Amounts owed to customers	63,124	58,457
Corporation tax	9,979	8,249
Other taxation and social security	9,980	14,171
Other creditors	17,734	28,556
Accruals and deferred income	55,103	38,859
	2,079,309	2,075,136

In line with guidance issued by IATA, effective 1 November 2020, the company is required to disclose billing and settlement plan (BSP) outstanding cash sales at the year end. BSP Outstanding Cash Sales as at 30 September 2025 was £nil (2024: £nil).

8.	Deferred taxation

	2025	2024
	£	£

At beginning of year	(1,196)	(2,191)
Charged to profit or loss	1,004	995
At end of year	(192)	(1,196)

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

	Accelerated capital allowances	(192)	(1,196)
		(192)	(1,196)

Page 7

Orr's Travel Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

62,500 (2024 - 62,500) Ordinary shares of £1.00 each	62,500	62,500

10.	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 £7,398 (2024: £6,321). Contributions totaling £nil (2024: £nil) were payable to the fund at the balance sheet date and are included in creditors.

11.	Related party transactions
	The company has taken advantage of the exemption under paragraph 33.1A from the provisions of FRS 102, on the grounds that at 30 September 2025 it was a wholly owned subsidiary. Details of non group related party transactions are listed below:

		2025	2024
		£	£

	Sales to other related parties	301,441	-
	Amounts owed by other related parties	70,653	74,529

12.	Post balance sheet events

There have been no significant events affecting the Company since the end of the financial year.

13.	Ultimate parent undertaking and controlling party

The company's immediate and ultimate parent undertaking, and the undertaking of the smallest and largest group undertakings of which the company is a member and for which consolidated financial statements are prepared is John Hogg & Co, Limited, a company incorporated in Northern Ireland. Copies of the group financial statements are available to the public from the Companies House.
The ultimate controlling parties are the shareholders of John Hogg & Co, Limited.

Page 8

Orr's Travel Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

14.	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 March 2026 by Brian Clerkin (Senior Statutory Auditor) on behalf of Sumer Auditco NI Limited.

Page 9