REGISTERED NUMBER: 01117511 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Institute Of Travel And Tourism (The)

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr L A Ainsworth

Ms D Allcock

Ms T J Arnone

Mrs A E Burton

Mr P A Cowley (Treasurer)

Mr L Cross

Mr L C Davis

Ms A E L Day-Moore

Mr S Endacott

Mr S Freudmann (Chair)

Ms F E Jeffery OBE

Ms B Kolosinska-Marshall

Mr B J Martin

Ms J A Murphy

Ms S Nelson

Mr A Paradiso

Mr D R Pearce

Dr P D W Robinson

Ms L V Rowe

Ms C S J Steiner

Mr D S Waine

Mr C Wilson

REGISTERED OFFICE:

147a High Street

Waltham Cross

Hertfordshire

EN8 7AP

REGISTERED NUMBER:

01117511 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Robert Boulton Bsc FCA

AUDITORS:

Thickbroom Coventry

Chartered Accountants

and Statutory Auditors

147a High Street

Waltham Cross

Hertfordshire

EN8 7AP

FIXED ASSETS

Tangible assets

4

2,535

3,442

CURRENT ASSETS

Debtors

5

39,881

84,366

Cash at bank

80,579

189,218

120,460

273,584

CREDITORS

Amounts falling due within one year

6

(68,937

)

(207,646

)

NET CURRENT ASSETS

51,523

65,938

TOTAL ASSETS LESS CURRENT LIABILITIES

54,058

69,380

CREDITORS

Amounts falling due after more than one year

7

-

(5,816

)

PROVISIONS FOR LIABILITIES

(675

)

(675

)

NET ASSETS

53,383

62,889

RESERVES

Income and expenditure account

53,383

62,889

MEMBERS' FUNDS

53,383

62,889

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 21 July 2026 and were signed on its behalf by:

Mr S Freudmann (Chair) - Director

Mr P A Cowley (Treasurer) - Director

1.	STATUTORY INFORMATION

Institute Of Travel And Tourism (The) is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Significant judgements and estimates

In the application of the Company's accounting policies and in preparing these financial statements, the directors have made the following judgements, estimates and assumptions:

Determine whether there are indications of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset.

Determine whether leases entered into by the company either as a lessor or a lessee are operating or lease of finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

Determine whether there are any circumstances regarding a customer's inability to meet its financial obligation and whether a provision is required against the debt. Factors taken into consideration in reaching such a decision are historical experience and other factors to hand that are considered to be relevant.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover

-Subscription Income

Subscriptions income from Individuals and Corporate membership is recognised in full on a receipts basis and is not time apportioned as subscriptions are non refundable. It represents appropriate goods and services provided, excluding VAT and trade discounts.

-Seminars, conference and events

Income from these sources is recognised on an invoiced basis excluding VAT and discounts when the event is provided.

-Other Income

Other income represents the supply of other goods and services on a receivables basis, excluding VAT and trade discounts.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Website

-

25% on reducing balance

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 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 year 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.

Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. It is incorporated in England and Wales, registered office 147a High Street, Waltham Cross, Herts, EN8 7AP.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

Website

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

3,760

53,706

57,466

DEPRECIATION

At 1 January 2025

2,848

51,176

54,024

Charge for year

82

825

907

At 31 December 2025

2,930

52,001

54,931

NET BOOK VALUE

At 31 December 2025

830

1,705

2,535

At 31 December 2024

912

2,530

3,442

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

38,429

77,061

Other debtors

1,452

7,305

39,881

84,366

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,564

12,000

Trade creditors

2,827

22,023

Taxation and social security

5,288

7,592

Other creditors

54,258

166,031

68,937

207,646

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

5,816

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

The Auditors' Report was unqualified.

Mr Robert Boulton Bsc FCA (Senior Statutory Auditor)

for and on behalf of Thickbroom Coventry