Luxury Travel Ltd 31/10/2025 iXBRL

Company registration number: NI601052

Luxury Travel Ltd

Unaudited filleted financial statements

31 October 2025

Luxury Travel Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Luxury Travel Ltd

Directors and other information


Directors	Mr Christopher Goldring
	Mr Gregory Fox
	Mr Steven Allaway	(Appointed 30 October 2025)
	Dr Aislinn Rice	(Appointed 1 November 2025)


Company number	NI601052


Registered office	214-218 Holywood Road
	Belfast
	BT4 1PD


Accountants	Hill Vellacott
	22 Great Victoria Street
	Belfast
	BT2 7BA




	Bankers	Barclays
		17 Castle Place
		Belfast
		BT1 1EL

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Luxury Travel Ltd

Year ended 31 October 2025

In accordance with the engagement letter dated 19 November 2025, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 October 2025 which comprise the statement of financial position and related notes from the company's accounting records and information and explanations you have given us.

As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements detailed at www.charteredaccountants.ie/Professional-Standards/Home.

This report is made solely to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for our work, or for this report.

We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland.

You have acknowledged on the balance sheet for the year ended 31 October 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Hill Vellacott 22 June 2026

22 Great Victoria Street

Belfast

BT2 7BA

Luxury Travel Ltd

Statement of financial position

31 October 2025

		2025		2024
				Restated
	Note	£	£	£	£

Fixed assets
Intangible assets	5	139,626		110,093
Tangible assets	6	333,905		358,783
		_______		_______
			473,531		468,876

Current assets
Debtors	7	1,291,093		1,198,016
Investments	8	750,507		784,525
Cash at bank and in hand		238,219		659,927
		_______		_______
		2,279,819		2,642,468
Creditors: amounts falling due
within one year	9	( 1,746,033)		( 1,949,877)
		_______		_______
Net current assets			533,786		692,591
			_______		_______
Total assets less current liabilities			1,007,317		1,161,467

Creditors: amounts falling due
after more than one year	10		-		( 241,682)

Provisions for liabilities			( 44,653)		( 34,412)

			_______		_______
Net assets			962,664		885,373
			_______		_______

Capital and reserves
Called up share capital			30,000		30,000
Revaluation reserve			36,771		18,289
Profit and loss account			895,893		837,084
			_______		_______
Shareholders funds			962,664		885,373
			_______		_______

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 22 June 2026 , and are signed on behalf of the board by:

Mr Christopher Goldring

Director

Company registration number: NI601052

Luxury Travel Ltd

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 214-218 Holywood Road, Belfast, BT4 1PD.

The principal activity of the company is tour operator activities.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Internally generated software development costs	-	25 %	straight line

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 estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	2 %	straight line
Plant and equipment	-	20 %	straight line
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2024: 17 ).

5. Intangible assets

	Goodwill	Other intangible assets	Total
	£	£	£
Cost or valuation
At 1 November 2024	60,000	214,007	274,007
Additions	-	65,617	65,617
Revaluations	-	18,482	18,482
	_______	_______	_______
At 31 October 2025	60,000	298,106	358,106
	_______	_______	_______
Amortisation
At 1 November 2024	60,000	103,914	163,914
Charge for the year	-	54,566	54,566
	_______	_______	_______
At 31 October 2025	60,000	158,480	218,480
	_______	_______	_______
Carrying amount
At 31 October 2025	-	139,626	139,626
	_______	_______	_______
At 31 October 2024	-	110,093	110,093
	_______	_______	_______

6. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 November 2024	318,559	122,099	54,180	494,838
Additions	-	3,453	-	3,453
	_______	_______	_______	_______
At 31 October 2025	318,559	125,552	54,180	498,291
	_______	_______	_______	_______
Depreciation
At 1 November 2024	37,143	79,407	19,505	136,055
Charge for the year	6,371	13,291	8,669	28,331
	_______	_______	_______	_______
At 31 October 2025	43,514	92,698	28,174	164,386
	_______	_______	_______	_______
Carrying amount
At 31 October 2025	275,045	32,854	26,006	333,905
	_______	_______	_______	_______
At 31 October 2024	281,416	42,692	34,675	358,783
	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	8,960	8,961
Other debtors	1,282,133	1,189,055
	_______	_______
	1,291,093	1,198,016
	_______	_______

8. Investments

	2025	2024
	£	£
Other investments	750,507	784,525
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
		Restated
	£	£
Bank loans and overdrafts	87,540	20,833
Trade creditors	104,312	91,951
Corporation tax	45,258	132,715
Social security and other taxes	13,542	13,154
Other creditors	1,495,381	1,691,224
	_______	_______
	1,746,033	1,949,877
	_______	_______

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	-	166,757
Other creditors	-	74,925
	_______	_______
	-	241,682
	_______	_______

11. Prior period errors

During the current financial year, the company identified an error in the recording of dividends for the year ended 31 October 2024. Dividends were originally reported as £200,000 but should have been £400,000. This has now been corrected.

12. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	Mr Christopher Goldring	( 1,322)	12,377	11,055
	Mr Gregory Fox	( 17,991)	18,548	557
		_______	_______	_______
		( 19,313)	30,925	11,612
		_______	_______	_______

2024			Restated
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	Mr Christopher Goldring	( 435)	( 887)	( 1,322)
	Mr Gregory Fox	( 51,164)	33,173	( 17,991)
		_______	_______	_______
		( 51,599)	32,286	( 19,313)
		_______	_______	_______