REGISTERED NUMBER: 02084914 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Newmont Travel Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

13,676

13,494

CURRENT ASSETS

Debtors

5

132,731

83,505

Cash at bank and in hand

1,317,997

1,492,390

1,450,728

1,575,895

CREDITORS

Amounts falling due within one year

6

(965,505

)

(891,040

)

NET CURRENT ASSETS

485,223

684,855

TOTAL ASSETS LESS CURRENT LIABILITIES

498,899

698,349

CAPITAL AND RESERVES

Called up share capital

7

100,000

100,000

Retained earnings

398,899

598,349

SHAREHOLDERS' FUNDS

498,899

698,349

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2026 and were signed on its behalf by:

G J Shaw - Director

1.	STATUTORY INFORMATION

Newmont Travel Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02084914

Registered office: 2 Leman Street, London, E1W 9U.

The principal place of business is Southgate Office Village, 288 Chase Side, Southgate, London, N14 6HF.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

Going concern

Due to the directors' on-going support of the company, the directors believe it is appropriate to prepare the financial statements on a going concern basis which assumes the company will continue in operational existence for the foreseeable future.

Turnover

Revenue relating to air tickets (commission and margin) is recognised when the booking is confirmed, and the Tickets or reservations are issued. At this point, the Company has fulfilled its performance obligation.

Package sales represents the margin on ticket sales and associated income for the sale of holidays excluding value added tax and discounts which have departed during the year.

Non-refundable fees are recognised at the point charged, including administration fees and consumer Protection Charge (CPC). These represent compensation for services already performed and are not contingent on travel completion.

Fees arising from booking amendments, customer cancellations and refund processing are recognised at the point the service is performed.

Refunds are processed subject to supplier terms. Any administrative fees retained by the Company are recognised as revenue when the refund is processed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Website development - Straight line over 5 years

Fixtures and fittings - 25% on reducing balance

Computer equipment - 25% on cost

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

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.

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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of 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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Website

and

Computer

development

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

5,000

4,099

19,250

28,349

Additions

-

3,610

506

4,116

At 31 December 2025

5,000

7,709

19,756

32,465

DEPRECIATION

At 1 January 2025

5,000

3,953

5,902

14,855

Charge for year

-

353

3,581

3,934

At 31 December 2025

5,000

4,306

9,483

18,789

NET BOOK VALUE

At 31 December 2025

-

3,403

10,273

13,676

At 31 December 2024

-

146

13,348

13,494

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by related parties

1,564

1,194

Other debtors

131,167

82,311

132,731

83,505

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

387,144

346,541

Taxation and social security

11,131

23,498

Other creditors

567,230

521,001

965,505

891,040

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

33,334

Ordinary 'A'

£1

33,334

33,334

66,666

Ordinary 'B'

£1

66,666

66,666

100,000

100,000

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sarah Wilson (Senior Statutory Auditor)

for and on behalf of Gravita Audit II Limited

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and

31 December 2024:

2025

2024

Director 1

£

£

Amounts advanced

131,782

8,380

Amounts repaid

(100,000

)

(600

)

The loan to the director is repayable on demand. Interest is charged on loans at the official interest of 2.25% for 2024 to 2025 and 3.75% for 2025 to 2026 as set by HMRC.

The amount owed by the director as at 31 December 2025 was £40,134 (2024: £8,352).

10.	RELATED PARTY DISCLOSURES

The company paid rent of £24,120 (2024: £23,760) to the directors in respect of the use of property owned by them.