Cyprus Premier Holidays Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05887997 (England and Wales)

Cyprus Premier Holidays Ltd

Abridged Audited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

9

DIRECTORS:

Dr M Yasarata

Mr D Chaginer

SECRETARY:

Dr M Yasarata

REGISTERED OFFICE:

239-241 Kennington Lane

London

SE11 5QU

REGISTERED NUMBER:

05887997 (England and Wales)

AUDITORS:

Alton & Co

Chartered Accountants

& Statutory Auditors

239-241 Kennington Lane

London

SE11 5QU

BANKERS:

Barclays Bank Plc

17 North Street

Ashford

Kent

TN24 8LF

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

-

2,024

-

2,024

CURRENT ASSETS

Debtors

6

1,916,836

1,564,041

Cash at bank

145,496

392,797

2,062,332

1,956,838

CREDITORS

Amounts falling due within one year

7

372,914

309,609

NET CURRENT ASSETS

1,689,418

1,647,229

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,689,418

1,649,253

CREDITORS

Amounts falling due after more than one
year

8

(207,078

)

(227,949

)

PROVISIONS FOR LIABILITIES

10

-

(402

)

NET ASSETS

1,482,340

1,420,902

CAPITAL AND RESERVES

Called up share capital

11

369,436

Retained earnings

12

1,112,904

1,051,466

SHAREHOLDERS' FUNDS

1,482,340

1,420,902

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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by:

Dr M Yasarata - Director

1.	STATUTORY INFORMATION

Cyprus Premier Holidays Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is derived from the ordinary activities of the company and represents the sale of flights and accommodation net of VAT and trade discounts. Income is recognised by travel date.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

- 33% on cost

Motor vehicles

- 20% on reducing balance

Computer equipment

- 33% on cost

Website development costs

- 10% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial positionstatement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the yearyear end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial statementstatement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

77,000

AMORTISATION

At 1 January 2025

and 31 December 2025

77,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

Goodwill represents the purchase cost of the passenger database and domain name of an ATOL registered tour operator which has now ceased trading. The purchase cost will be amortised over a period of ten years from the year of purchase as in the opinion of the Directors this represents a reasonable and prudent period over which to write off an investment which generates additional turnover to the business.

5.	TANGIBLE FIXED ASSETS

Website

Fixtures

development

and

Computer

costs

fittings

equipment

Totals

£

COST

At 1 January 2025

and 31 December 2025

141,994

20,395

113,537

275,926

DEPRECIATION

At 1 January 2025

141,994

20,395

111,513

273,902

Charge for year

-

2,024

At 31 December 2025

141,994

20,395

113,537

275,926

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

2,024

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

115,433

99,168

Other debtors

1,513,309

1,281,827

Flight deposits paid

25,000

VAT

13,804

8,540

Prepayments

249,290

149,506

1,916,836

1,564,041

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

29,654

86,581

Trade creditors

38,206

15,645

Tax

17,634

18,244

Social security and other taxes

6,168

5,783

Net wages payable

12,473

-

Pensions fund

2,144

1,093

Accrued expenses

14,434

16,240

Payments received on account

252,201

166,023

372,914

309,609

Payments received on account represent receipts relating to those bookings whose departure date is after 31 December 2025.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans - 2-5 years

-

20,871

Other creditors

207,078

227,949

Amounts falling due after more than one year consist of £207,078 of unsecured loans made to the company by the majority shareholder, £205,121 of which is subordinated and covered by a deed of undertaking given to the CAA that the company will not repay the creditor and the creditor shall not accept repayment from the company of any part of the loan a) for the period during which the company holds Air Travel Organiser's License unless the Creditor and the Company each obtain prior written consent by the CAA to such repayment b) after the company has ceased to hold any Air Travel Organiser's License until all claims of other creditors in respect of liabilities incurred by the company in the period during which it had any Air Travel Organiser's License have been satisfied.

The undertaking cannot be discharged or released or varied by any arrangement between the Creditor and the Company without prior written consent of the CAA and remains a continuing security binding the creditor regardless of any change in style or constitution of the Company.

The undertaking remains in force notwithstanding the Creditor ceasing to hold all or any of the issued shares in the Company.

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loan

-

70,871

BARCLAYS:

On 1st March 2020 Barclays Bank Plc created a deed of charge over all balances owed to Barclays Bank Plc secured on any Barclays Bank Plc Account held by the company.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

-

402

Deferred

tax

£

Balance at 1 January 2025

402

Credit to Income Statement during year

(402

)

Balance at 31 December 2025

-

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

369,436

Ordinary

£1

369,436

12.

RESERVES

Retained

earnings

£

At 1 January 2025

1,051,466

Profit for the year

61,438

At 31 December 2025

1,112,904

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

The Report of the Auditors was unqualified.

Mr Altan Kemal FCA FCCA (Senior Statutory Auditor)

for and on behalf of Alton & Co

14.	RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity

Other debtors includes advanced payments of £1,513,309 (2024: £1,281,827) made to a supplier, both companies are under common control. See Note 8.

During the year, hotel, transfer and car-hire costs of £2,269,951 (2024: £2,483,213) were purchased from the related party.

15.	ULTIMATE CONTROLLING PARTY

Mr D Chaginer, who is a resident of Northern Cyprus