The Travel Professionals Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02454478 (England and Wales)

THE TRAVEL PROFESSIONALS LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

1 JULY 2025 TO 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr H Handa

Mr N C Patel

K G O'Brien

SECRETARY:

Mrs R Agourakis

REGISTERED OFFICE:

69-71 East Street

Epsom

Surrey

KT17 1BP

REGISTERED NUMBER:

02454478 (England and Wales)

SENIOR STATUTORY AUDITOR:

Angus Nelson ACA

AUDITORS:

Xeinadin Audit Limited

Chartered Accountants and Statutory Auditors

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

FIXED ASSETS

Tangible assets

5

6,860

7,541

Investments

6

4,973

11,833

12,514

CURRENT ASSETS

Debtors

7

337,553

501,848

Cash at bank and in hand

214,018

255,502

551,571

757,350

CREDITORS

Amounts falling due within one year

8

282,567

386,324

NET CURRENT ASSETS

269,004

371,026

TOTAL ASSETS LESS CURRENT
LIABILITIES

280,837

383,540

CREDITORS

Amounts falling due after more than one
year

9

(306,493

)

(303,993

)

PROVISIONS FOR LIABILITIES

(1,320

)

(1,320

)

NET (LIABILITIES)/ASSETS

(26,976

)

78,227

CAPITAL AND RESERVES

Called up share capital

1,093,000

Retained earnings

(1,119,976

)

(1,014,773

)

SHAREHOLDERS' FUNDS

(26,976

)

78,227

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2026 and were signed on its behalf by:

Mr N C Patel - Director

1.	STATUTORY INFORMATION

The Travel Professionals Limited 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 (£).

All values are rounded to the nearest whole Pound Sterling.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about The Travel Professionals Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue recognition

Revenue represents amounts receivable in respect of travel services supplied to customers, net of VAT. Where the Company acts as a principal, revenue is recognised on the departure date and is measured at the gross amount receivable from customers. Where the Company acts as an agent, only the commission receivable is recognised as revenue, with recognition occurring on the booking date.

Tangible fixed assets

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

Short leasehold

-

over lease term

Fixtures and fittings

-

20% on cost

Office equipment

-

20% on cost

Taxation

Taxation for the period 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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 balance sheet 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.

Hire purchase and leasing commitments

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

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.

Non consolidation of subsidiaries

The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company is therefore not required to and has chosen not to prepare group accounts.

Going concern

At the end of the reporting period, the Company is in a net capital deficiency position of £26,976 (2024 net asset position: £125,668). This condition indicates the existence of a material uncertainty that may cast significant doubt upon the Company's ability to continue as a going concern. The financial statements have been prepared on a going concern basis because the parent company, Cosmomate (UK) Limited has undertaken to provide continuing financial support to the Company to enable the Company to pay its debts as and when they fall due.

Investments

Investments are included at cost less amounts written off. Profit or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2025 - NIL ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Office

leasehold

fittings

equipment

Totals

£

COST

At 1 July 2025

3,526

4,289

120,896

128,711

Additions

-

1,399

At 31 December 2025

3,526

4,289

122,295

130,110

DEPRECIATION

At 1 July 2025

3,526

4,289

113,242

121,057

Charge for period

-

2,193

At 31 December 2025

3,526

4,289

115,435

123,250

NET BOOK VALUE

At 31 December 2025

-

6,860

At 30 June 2025

-

7,654

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 July 2025

and 31 December 2025

183,898

PROVISIONS

At 1 July 2025

and 31 December 2025

178,925

NET BOOK VALUE

At 31 December 2025

4,973

At 30 June 2025

4,973

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Suncity Travel Limited (Travel Agency)

Registered office: 69-71 East Street, Epsom, Surrey, KT17 1BP

Nature of business: Non trading - Name Protection

%

Class of shares:

holding

Ordinary

100.00

31.12.25

30.6.25

£

Aggregate capital and reserves

4,848

The company owns 125 Ordinary shares of £1 each in Advantage Travel Centres Limited

7.

DEBTORS

31.12.25

30.6.25

as restated

£

Amounts falling due within one year:

Trade debtors

98,956

239,951

Amounts owed by group undertakings

133,202

216,431

Other debtors

7,815

3,430

VAT

634

1,560

Prepayments & accrued income

30,946

40,476

271,553

501,848

Amounts falling due after more than one year:

Other debtors

66,000

-

Aggregate amounts

337,553

501,848

Other debtors includes a cash deposit of £66,000 (2024: £ Nil) held as security for an ABTA bond and IATA bond refundable on expiry (namely after 31st May 2027) assuming no claims are made.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

30.6.25

as restated

£

Trade creditors

33,688

117,305

Social security and other taxes

-

6,839

Other creditors

219,792

239,669

Accrued expenses

29,087

22,511

282,567

386,324

Included in trade creditors were BSP outstanding cash sales at the year end amounting to £934 (2024: £35,859)

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

30.6.25

as restated

£

Other loans

250,000

Accruals and deferred income

56,493

53,993

306,493

303,993

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

The Report of the Auditors was unqualified.

Angus Nelson ACA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

11.	RELATED PARTY DISCLOSURES

The company shares premises with its immediate holding company Cosmomate (UK) Limited and a number of related companies. Some expenses are paid by one company and recharged to the others as appropriate

At the year end an amount of £133,202 (2024: £296,651) was owed by Cosmomate (UK ) Limited..

12.	ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Cosmomate UK Limited, a company incorporated in England and Wales. The ultimate controlling party is Worldmate Japan, which exercises ultimate control through its 100% ownership of Cosmomate UK Limited.