ACCOUNTS - Final Accounts

Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:

31 October 2025

31 October
2024

Registered number: 01028492

C.J. LEIGH TRAVEL LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2025

C.J. LEIGH TRAVEL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF C.J. LEIGH TRAVEL LIMITED

UNDER SECTION 449 OF THE COMPANIES ACT 2006

Opinion

We have audited the financial statements of C.J. LEIGH TRAVEL LIMITED (the 'Company') for the year ended 31 October 2025, which comprise the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 October 2025 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 1

C.J. LEIGH TRAVEL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF C.J. LEIGH TRAVEL LIMITED (CONTINUED)

UNDER SECTION 449 OF THE COMPANIES ACT 2006

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit; or

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Page 2

C.J. LEIGH TRAVEL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF C.J. LEIGH TRAVEL LIMITED (CONTINUED)

UNDER SECTION 449 OF THE COMPANIES ACT 2006

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We exercise professional judgement and maintain professional scepticism throughout the audit;

- We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the deliberate override of internal control;

- We obtain an understanding of internal controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of internal controls;

- We evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made;

- We assess the risk of management override of controls, including testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business;

- We review the scope of the Company's compliance with The Package and Linked Travel Arrangements Regulations 2018 ("PTRs") and sample test relevant documentation to assess this and the effectiveness of its control environment;

- We review the Company's relationships with related parties and other group companies, identifying and disclosing transactions during the year and balances at year-end with such parties;

- We conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the entity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the entity to cease to continue as a going concern.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Page 3

C.J. LEIGH TRAVEL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF C.J. LEIGH TRAVEL LIMITED (CONTINUED)

UNDER SECTION 449 OF THE COMPANIES ACT 2006

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' 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 members, as a body, for our audit work, for this report, or for the opinions we have formed.

Ms N A Spoor FCA FCCA (Senior Statutory Auditor)

for and on behalf of

White Hart Associates (London) Limited

Chartered Accountants and Statutory Auditors

2nd Floor, Nucleus House

2 Lower Mortlake Road

Richmond

TW9 2JA

23 March 2026

Page 4

C.J. LEIGH TRAVEL LIMITED

REGISTERED NUMBER: 01028492

STATEMENT OF FINANCIAL POSITION

AS AT 31 OCTOBER 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	8	14,628		86,038
Cash at bank and in hand	9	50,381		561,842
		65,009		647,880
Creditors: amounts falling due within one year	10	(72,977)		(469,160)
Net current (liabilities)/assets			(7,968)		178,720
Total assets less current liabilities			(7,968)		178,720

Net (liabilities)/assets			(7,968)		178,720

Capital and reserves
Called up share capital	12	105,000	105,000
Profit and loss account		(112,968)	73,720
		(7,968)	178,720

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 23 March 2026.

C D Morris

Director

The notes on pages 8 to 16 form part of these financial statements.

Page 5

C.J. LEIGH TRAVEL LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 OCTOBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 November 2024	105,000	73,720	178,720
Comprehensive income for the year
Profit for the year	-	128,312	128,312
Total comprehensive income for the year	-	128,312	128,312
Contributions by and distributions to owners
Dividends: Equity capital	-	(315,000)	(315,000)
Total transactions with owners	-	(315,000)	(315,000)
At 31 October 2025	105,000	(112,968)	(7,968)

The notes on pages 8 to 16 form part of these financial statements.

Page 6

C.J. LEIGH TRAVEL LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 OCTOBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 May 2023	105,000	1,076,905	1,181,905
Comprehensive income for the period
Profit for the period	-	494,615	494,615
Total comprehensive income for the period	-	494,615	494,615
Contributions by and distributions to owners
Dividends: Equity capital	-	(1,497,800)	(1,497,800)
Total transactions with owners	-	(1,497,800)	(1,497,800)
At 31 October 2024	105,000	73,720	178,720

The notes on pages 8 to 16 form part of these financial statements.

Page 7

C.J. LEIGH TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1.	General information

C. J. Leigh Travel Limited is a private company limited by shares incorporated in England and Wales in the United Kingdom. The address of the registered office is given in the Company's information page of these financial statements. The nature of the Company's operations and principal activities are that of business and leisure travel agents.

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 Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Going concern

For the period ended 31 October 2025, the Company reported a profit after tax of £128,312 (2024 - £494,615), had net current liabilities of £7,968 (2024 – net current assets of £178,720) and net liabilities of £7,968 (2024 – net assets of £178,720).

In relation to going concern considerations, the Company has produced forecasts that demonstrate it can trade within its existing facilities and meet its liabilities as they fall due even in the robust stress scenarios considered by the directors, taking into account the integration of the business into the wider group.

The directors are confident that the Company should remain a going concern for the foreseeable future.

2.3

Revenue

Revenue is derived from the provision of travel services as a tour operator and travel management company.

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.

Revenue from travel services represents the gross value of the business trip sold (excluding VAT). The full cost of such trips are included within cost of sales. Revenue from the sale of these products is recognised on the date of booking, gross of all charges billed to the customer less any discounts and sales taxes.

Revenue from travel agent sales represents the net commissions receivable (excluding VAT). Revenue from the sale of these products is recognised on the date of departure, less any discounts and sales taxes.

Page 8

C.J. LEIGH TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.4

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:

Short-term leasehold property	-	10 years straight line
Fixtures and fittings	-	4 years straight line
Computer equipment	-	3 years 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.

2.5

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.

2.6

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.

2.7

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.

Page 9

C.J. LEIGH TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.9

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.

2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.11

Interest income

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

2.12

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.

Page 10

C.J. LEIGH TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.13

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.14

Taxation

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 reporting date in the countries where the Company operates and generates income.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors,including expectations of future events that are believed to be reasonable under the circumstances.

a) Critical judgments in applying the Company's accounting policies

The directors believe that there are no critical judgments involved in applying the Company's accounting policies that warrant disclosure.

b) Key accounting estimates and assumptions

The directors believe that there are no key accounting estimates and assumptions involved in applying the Company's accounting policies that warrant disclosure.

Page 11

C.J. LEIGH TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

4.	Exceptional income
		12 months 31 October 2025	18 months 31 October 2024
		£	£

Expired customer refunds	71,836	-
Release of dilapidation costs following expiry of the lease	85,220	-
	157,056	-

Fees payable to the Company's auditors for the audit of the Company's financial statements

10,000

15,000

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	12 months 31 October	18 months 31 October
	2025	2024
	No.	No.

Administrative	-	5

Page 12

C.J. LEIGH TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Corporation tax
Current tax on profits for the year	42,771	169,898

Total current tax	42,771	169,898

Deferred tax
Origination and reversal of timing differences	-	(6,132)
Total deferred tax	-	(6,132)


	Taxation on profit on ordinary activities	42,771	163,766

Profit on ordinary activities before tax

171,083

658,381

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	42,771	164,595
Effects of:
Capital allowances for year/period in excess of depreciation	-	2,088
Other timing differences leading to an increase (decrease) in taxation	-	(6,132)
Other differences leading to an increase (decrease) in the tax charge	-	3,215
Total tax charge for the year/period	42,771	163,766

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 13

C.J. LEIGH TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Debtors

					31 October 2025	31 October 2024
					£	£


Trade debtors	-	27,592
Amounts owed by group undertakings	14,604	46,369
Other debtors	24	3,741
Prepayments and accrued income	-	8,336
	14,628	86,038

All amounts shown under debtors fall due for payment within one year including amounts owed by group undertakings, which are non-interest bearing and are repayable on demand.

9.	Cash and cash equivalents
		31 October 2025	31 October 2024
		£	£

Cash at bank and in hand	50,381	561,842
	50,381	561,842

10.	Creditors: Amounts falling due within one year
		31 October 2025	31 October 2024
		£	£

Trade creditors	14,124	200,528
Corporation tax	42,957	169,898
Other taxation and social security	-	79
Other creditors	15,896	2,791
Accruals and deferred income	-	95,864
	72,977	469,160

Page 14

C.J. LEIGH TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

11.	Deferred taxation

		31 October 2025
		£

	At beginning of year	(6,132)
	Charged to profit or loss	6,132
	At end of year	-

12.	Share capital
		31 October 2025	31 October 2024
		£	£

Allotted, called up and fully paid

105,000 (2024 - 105,000) Ordinary shares shares of £1.00 each	105,000	105,000

On 5 June 2023 the entire share capital of the the company was acquired by Wayte Bros.Limited, a company registered in England under registered number 00615971.

13.	BSP outstanding

As at 31 October 2025 an amount of £14,124 (30 April 2024 - £Nil) was payable to International Air Transport Association (IATA) for tickets issued.

14.	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 £Nil (2024 - £4,887). Contributions totalling £Nil (2024 - £Nil) were payable to the fund at the reporting date and are included in creditors.

15.	Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the reporting date.

Page 15

C.J. LEIGH TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

16.	Related party transactions
	In the period, the amount of sales to Wayte Travel Management Ltd was £389,857 (2024 - £125,320). The amount owed from Wayte Travel Management Ltd at the period end date is £14,604 (2024 - £46,369) and is contained in Amounts owed by group undertakings. Assets due from and liabilities payable to related parties are interest free and repayable on demand.

17.	Holding company

The immediate and ultimate holding company is Wayte Bros.Limited, a company registered in England under registered number 00615971. Its registered office is 3-5 Glebe Street, Stoke-on-Trent, Staffordshire ST4 1HS.

18.	Controlling party

The Company is controlled by C D Morris, by virtue of his majority ownership of the issued share capital in the holding company.

Page 16