HDC Travel Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07849867

HDC Travel Limited

Filleted Unaudited Financial Statements

31 October 2025

HDC Travel Limited

Statement of Financial Position

31 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	229,083	255,844
Tangible assets	6	8,353	16,975
		---------	---------
		237,436	272,819

Current assets

Stocks		18,198	13,131
Debtors	7	855,528	900,954
Cash at bank and in hand		367,541	293,234
		------------	------------
		1,241,267	1,207,319

Creditors: amounts falling due within one year	8	331,268		369,125
		------------		------------
Net current assets			909,999	838,194
			------------	------------
Total assets less current liabilities			1,147,435	1,111,013

Provisions

Taxation including deferred tax	28,883	–
	------------	------------
Net assets	1,118,552	1,111,013
	------------	------------

Capital and reserves

Called up share capital	9	120,100	120,100
Profit and loss account		998,452	990,913
		------------	------------
Shareholders funds		1,118,552	1,111,013
		------------	------------

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 income and retained earnings has not been delivered.

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 .

HDC Travel Limited

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 28 July 2026 , and are signed on behalf of the board by:

S Campion

Director

Company registration number: 07849867

HDC Travel Limited

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7th Floor, Trinity Gate, West Street, Gateshead, NE8 1AD, Tyne & Wear.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest £1.

Revenue recognition

Turnover represents revenue, excluding value added tax and trade discounts, derived from services provided during the period.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

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:

Website development costs	-	16% straight line
Trademarks	-	20% straight line
Customer lists	-	16% 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.

Research and development

Website development expenditure incurred on clearly defined projects whose outcome can be assessed with reasonable certainty is carried forward as an intangible fixed asset and amortisation is charged over a period of six years.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

	Fixtures, fittings and equipment	-	20% straight line

Impairment of fixed assets

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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. 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.

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 as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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.

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 as a finance cost 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 18 (2024: 18 ).

5. Intangible assets

	Development costs	Trademarks	Customer lists	Total
	£	£	£	£
Cost
At 1 November 2024	1,139,471	6,125	4,061	1,149,657
Additions	57,673	1,300	–	58,973
	------------	-------	-------	------------
At 31 October 2025	1,197,144	7,425	4,061	1,208,630
	------------	-------	-------	------------
Amortisation
At 1 November 2024	883,982	5,770	4,061	893,813
Charge for the year	85,440	294	–	85,734
	------------	-------	-------	------------
At 31 October 2025	969,422	6,064	4,061	979,547
	------------	-------	-------	------------
Carrying amount
At 31 October 2025	227,722	1,361	–	229,083
	------------	-------	-------	------------
At 31 October 2024	255,489	355	–	255,844
	------------	-------	-------	------------

6. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 November 2024	53,292	53,292
Additions	199	199
	--------	--------
At 31 October 2025	53,491	53,491
	--------	--------
Depreciation
At 1 November 2024	36,317	36,317
Charge for the year	8,821	8,821
	--------	--------
At 31 October 2025	45,138	45,138
	--------	--------
Carrying amount
At 31 October 2025	8,353	8,353
	--------	--------
At 31 October 2024	16,975	16,975
	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	53,798	62,571
Amounts owed by group undertakings and undertakings in which the company has a participating interest	749,281	811,735
Other debtors	52,449	26,648
	---------	---------
	855,528	900,954
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	99,323	113,361
Amounts owed to group undertakings and undertakings in which the company has a participating interest	40	121
Social security and other taxes	125,226	158,134
Other creditors	106,679	97,509
	---------	---------
	331,268	369,125
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	120,100	120,100	120,100	120,100
	---------	---------	---------	---------

10. Other financial commitments

Total financial commitments (future minimum lease payments under non-cancellable operating leases) which are not included in the balance sheet amount to £Nil (2024: £ 20,588 ).

11. Controlling party

The company's ultimate parent company is Ulookubook Travel Limited .