Orion Holidays Limited - Filleted accounts


ORION HOLIDAYS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2025



































Company Registration Number: 03824156

ORION HOLIDAYS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 11

ORION HOLIDAYS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2025


DIRECTOR

Mr M D Thomas


SECRETARY

Mrs S A Sykes


REGISTERED OFFICE

The Gateway Centre
Spine Road East
South Cerney
Cirencester
GL7 5TL


COMPANY REGISTRATION NUMBER

03824156 England and Wales

ORION HOLIDAYS LIMITED

BALANCE SHEET
AS AT 30 SEPTEMBER 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Intangible assets	5		53,442		38,769
Tangible assets	6		25,218		27,876


			78,660		66,645

CURRENT ASSETS
Stock		7,500		5,000
Debtors	7	75,845		100,649
Cash at bank and in hand		585,863		551,589


		669,208		657,238

CREDITORS: Amounts falling due within one year	8	529,449		524,373
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			139,759		132,865


TOTAL ASSETS LESS CURRENT LIABILITIES			218,419		199,510

CREDITORS: Amounts falling due after more than one year	9		-		6,667
CREDITORS: Amounts falling due after more than one year

Provisions for liabilities and charges			12,191		6,383


NET ASSETS			206,228		186,460


CAPITAL AND RESERVES
Called up share capital			20		20
Distributable profit and loss account			206,208		186,440


SHAREHOLDERS' FUNDS			206,228		186,460

ORION HOLIDAYS LIMITED

BALANCE SHEET
AS AT 30 SEPTEMBER 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board




Mr M D Thomas
Director

Date approved by the board: 23 June 2026

ORION HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025


1	GENERAL INFORMATION

	Orion Holidays Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	The Gateway Centre
	Spine Road East
	South Cerney
	Cirencester
	GL7 5TL

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of holiday home rental services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Intangible fixed assets

	Intangible fixed assets, other than goodwill, are stated at cost less accumulated amortisation and any accumulated impairment losses. It is amortised on a straight-line basis over its useful economic life of four years and was fully amortised at 30 September 2023.

	Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. At acquisition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.

	Goodwill amortisation is charged on a straight line basis so as to write off the cost of the asset, less its residual value assumed to be zero, over its useful economic life, which is estimated to be 20 years.

	If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.

ORION HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Fixtures and fittings					Reducing balance basis at 20% per annum
	Motor vehicles					Reducing balance basis at 25% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

	Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

ORION HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	Stocks are assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less cost to complete and sell. If an item of stock, or group of similar items, is impaired its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Stock

	Stock has been valued at the lower of cost and estimated selling price less cost to complete and sell, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a standard cost basis.

	The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

	Leases

	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

	Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.

ORION HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. 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 taxable profits.

	Deferred tax is measured using 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.

	Current and deferred tax assets and liabilities are not discounted.

	Borrowing costs

	All borrowing costs are recognised in the profit and loss account in the period in which they are incurred.

	Provisions

	A provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use is recognised. The provision is measured at the salary cost payable for the period of absence.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

	Employee benefits

	Short term employee benefits are recognised as an expense in the period in which they are incurred.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.

ORION HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

4	EMPLOYEES

	The average number of persons employed by the company (including the director) during the year was:

				2025	2024
	Average number of employees			8	9


5	INTANGIBLE FIXED ASSETS
		Net goodwill	Website development		Total
		£		£	£
	Cost
	At 1 October 2024	200,000		5,820	205,820

	Additions	-		25,750	25,750

	Disposals	-		(5,820)	(5,820)


	At 30 September 2025	200,000		25,750	225,750


	Accumulated amounts written off
	At 1 October 2024	161,231		5,820	167,051

	Charge for year	11,077		-	11,077

	Disposals	-		(5,820)	(5,820)


	At 30 September 2025	172,308		-	172,308


	Net book value
	At 1 October 2024	38,769		-	38,769


	At 30 September 2025	27,692		25,750	53,442


	Goodwill relates to the incorporation of Orion Holidays Limited. It is being amortised over its useful economic life, estimated to be 20 years.

ORION HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025


6	TANGIBLE ASSETS
		Fixtures and fittings	Motor vehicles	Total
		£	£	£
	Cost
	At 1 October 2024	32,432	48,482	80,914

	Additions	5,552	-	5,552

	Disposals	(2,415)	-	(2,415)


	At 30 September 2025	35,569	48,482	84,051


	Accumulated depreciation and impairments
	At 1 October 2024	16,640	36,398	53,038

	Charge for year	3,689	3,021	6,710

	Disposals	(915)	-	(915)


	At 30 September 2025	19,414	39,419	58,833


	Net book value
	At 1 October 2024	15,792	12,084	27,876


	At 30 September 2025	16,155	9,063	25,218


7	DEBTORS
			2025	2024
			£	£
	Trade debtors		17,599	19,476
	Prepayments and accrued income		10,356	10,043
	Other debtors		47,890	71,130


			75,845	100,649


8	CREDITORS: Amounts falling due within one year
			2025	2024
			£	£
	Bank loans and overdrafts		-	59,209
	Trade creditors		162,783	135,782
	Taxation and social security		95,754	67,350
	Accruals and deferred income		259,124	248,041
	Other creditors		11,788	13,991


			529,449	524,373

ORION HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025


9	CREDITORS: Amounts falling due after more than one year
					2025		2024
					£		£
	Bank loans and overdrafts				-		6,667


10	CONTINGENCIES AND COMMITMENTS

	Other Commitments

	Amounts falling due under operating leases:				2025		2024
					£		£
	In less than one year				8,934		8,934
	In more than one but less than five years				35,736		35,736
	In more than five years				30,525		39,459


					75,195		84,129


11	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

	The following director's advances, credits and guarantees took place during the year:

		Balance at 1 October 2024	Amounts advanced	Amounts repaid	Amounts written off or waived	Balance at 30 September 2025
		£	£	£	£		£
	Mr M D Thomas	9,001	-	9,001	-		-

	This advance is interest free and repayable on demand.

ORION HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

12	RELATED PARTY TRANSACTIONS

	During the year, the following transactions with related parties took place:

	Mr O S Thomas
	Employee and relative of the director		2025	2024
			£	£
	Loan to employee	Interest has been charged on this advance at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. The advance is repayable on demand.	11,090	29,950



	Mr M D Thomas
	Director		2025	2024
			£	£
	Advances from director	The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount:	3,788	-