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Registration number: 02199423

Duke's Court Travel Limited
Annual Report and Financial Statements
for the Year Ended 31 December 2025

Duke's Court Travel Limited

Contents

Company Information | 1
Directors' Report | 2
Statement of Directors' Responsibilities | 3
Independent Auditor's Report | 4 to 7
Balance Sheet | 8
Statement of Changes in Equity | 9
Notes to the Financial Statements | 10 to 15

Duke's Court Travel Limited

Company Information

Directors | Mr Dasanath Anuradha Mudalige Mr Werner Georg Kunz-Cho Mr Amit Deodhar Mr Brian Hand

Company secretary | Vistra Company Secretaries Limited

Registered office | Suite 1 7th Floor 50 Broadway London London SW1H 0BL

Accountants | Innovative Accountants Ltd Chartered Certified Accountants1 High Street Weybridge KT13 8UA

Auditors | Tahas & Co Ltd Chartered Certified Accountants and Statutory AuditorsSuite 3, Second Floor 760 Eastern Avenue Newbury Park London IG2 7HU

Duke's Court Travel Limited

Directors' Report for the Year Ended 31 December 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr Dasanath Anuradha Mudalige

Mr Glenn Robert Cusano (Resigned 1 January 2025)

Mr Werner Georg Kunz-Cho

Mr Amit Deodhar

Mr Brian Hand

Principal activity

The principal activity of the company is travel agency

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 29 June 2026 and signed on its behalf by:

......................................... Mr Dasanath Anuradha Mudalige Director

Duke's Court Travel Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

• | select suitable accounting policies and apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Duke's Court Travel Limited

Independent Auditor's Report to the Members of Duke's Court Travel Limited

Opinion

We have audited the financial statements of Duke's Court Travel Limited (the 'company') for the year ended 31 December 2025, which comprise the Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, 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 FRS 102 Section 1A '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 December 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 auditor 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 UK, including the FRC’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

We draw attention to Note 2 to the financial statements, which explains that the company ceased trading on 15th May 2026 and that the directors do not intend to recommence trading. Accordingly, the directors have concluded that it is not appropriate to prepare the financial statements on the going concern basis and have prepared the financial statements on a basis other than going concern.
In auditing the financial statements, we have concluded that the directors' use of a basis of accounting other than the going concern basis is appropriate in the circumstances.
Our opinion is not modified in respect of this matter.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Duke's Court Travel Limited

Independent Auditor's Report to the Members of Duke's Court Travel Limited

Opinion on other matter 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 our 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 where 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
• | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 3], 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.

Auditor 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 auditor’s 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Duke's Court Travel Limited

Independent Auditor's Report to the Members of Duke's Court Travel Limited

In identifying and assessing risks of material misstatement in respect of irregularities including fraud and non-compliance with laws and regulations, we considered the following
- the nature of the industry and sector, control environment and business performance and performance targets
- results of our enquiries of management and the company's financial manager's own identification and assessment of the risks of irregularities.
- any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non- compliance
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations
- Using analytical procedures to identify any unsual or unexpected relationships.
We remained alert to any indications of fraud throughout the audit. As required by auditing standards and taking into account possible pressures to achieve targets, we performed procedures to address the risk of management override of controls and the risk of making inappropriate accounting entries.
We also performed procedures including identifying journal entries and other adjustments to test based on risk criteria and comparing the identified entries to supporting documents. These included those posted to unusual accounts.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. In addition, as with any audit, there remained a higher risk of non-detection of fraud, as these may involve collusion, forgery, ntentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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 auditor’s 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.

......................................
Mr M Poonawala (Senior Statutory Auditor)
For and on behalf of Tahas & Co Ltd, Statutory Auditor
Suite 3, Second Floor
760 Eastern Avenue
Newbury Park
London
IG2 7HU

Duke's Court Travel Limited

Independent Auditor's Report to the Members of Duke's Court Travel Limited

30 June 2026

Duke's Court Travel Limited

(Registration number: 02199423)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 6 | 3,601 | 1,683
Current assets |  |  |
Debtors | 7 | 1,613,935 | 1,516,454
Cash at bank and in hand |  | 222,871 | 1,209,601
|  | 1,836,806 | 2,726,055
Creditors: Amounts falling due within one year | 8 | (191,647) | (207,613)
Net current assets |  | 1,645,159 | 2,518,442
Total assets less current liabilities |  | 1,648,760 | 2,520,125
Creditors: Amounts falling due after more than one year | 8 | (903,760) | (1,776,911)
Net assets |  | 745,000 | 743,214
Capital and reserves |  |  |
Called up share capital | 9 | 80,050 | 80,050
Retained earnings |  | 664,950 | 663,164
Shareholders' funds |  | 745,000 | 743,214

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 29 June 2026 and signed on its behalf by:

......................................... Mr Dasanath Anuradha Mudalige Director

Duke's Court Travel Limited

Statement of Changes in Equity for the Year Ended 31 December 2025

| Share capital £ | Retained earnings £ | Total £
At 1 January 2025 | 80,050 | 663,164 | 743,214
Profit for the year | - | 1,786 | 1,786
At 31 December 2025 | 80,050 | 664,950 | 745,000

| Share capital £ | Retained earnings £ | Total £
At 1 January 2024 | 80,050 | 656,366 | 736,416
Profit for the year | - | 6,798 | 6,798
At 31 December 2024 | 80,050 | 663,164 | 743,214

Duke's Court Travel Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 1
7th Floor
50 Broadway London
London
SW1H 0BL
United Kingdom

The principal place of business is:
Suite 1
7th Floor
50 Broadway London
London
SW1H 0BL
United Kingdom

These financial statements were authorised for issue by the Board on 29 June 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

The company ceased trading on 15th May 2026. At the date of approval of these financial statements, the directors do not intend to recommence trading and are considering the options available for the future of the company, including an orderly realisation of its assets and settlement of its liabilities. No formal decision has yet been taken regarding the method by which this will be achieved.
Accordingly, the directors have concluded that it is no longer appropriate to prepare the financial statements on the going concern basis as required by Section 3 of FRS 102. These financial statements have therefore been prepared on a basis other than going concern.
Under this basis, assets are stated at their estimated recoverable amounts and liabilities include obligations expected to arise in connection with the cessation of the company's activities. The directors consider that the company remains solvent and will be able to settle all of its liabilities as they fall due.

Duke's Court Travel Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & machinery | 25% on reducing balance
Fixtures and fittings | 25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Duke's Court Travel Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

4 | Auditors' remuneration

| 2025 £ | 2024 £
Audit of the financial statements | 4,500 | 4,500

5 | Profit before tax

Arrived at after charging/(crediting)

Duke's Court Travel Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

| 2025 £ | 2024 £
Depreciation expense | 785 | 561

6 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 January 2025 | 2,480 | 32,505 | 160,742 | 195,727
Additions | - | 4,000 | - | 4,000
Disposals | - | (25,896) | (5,281) | (31,177)
At 31 December 2025 | 2,480 | 10,609 | 155,461 | 168,550
Depreciation
At 1 January 2025 | 2,480 | 30,944 | 160,620 | 194,044
Charge for the year | - | 756 | 28 | 784
Eliminated on disposal | - | (24,692) | (5,187) | (29,879)
At 31 December 2025 | 2,480 | 7,008 | 155,461 | 164,949
Carrying amount
At 31 December 2025 | - | 3,601 | - | 3,601
At 31 December 2024 | - | 1,561 | 122 | 1,683

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings.

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 504,472 | 850,338
Amounts owed by related parties | 10 | 1,021,935 | 580,683
Prepayments |  | 4,849 | 9,800
Other debtors |  | 82,679 | 75,633
|  | 1,613,935 | 1,516,454

Duke's Court Travel Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 161,047 | 161,511
Taxation and social security | 14,421 | 15,498
Accruals and deferred income | 15,246 | 16,887
Other creditors | 933 | 13,717
| 191,647 | 207,613

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Due after one year |  |
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 903,760 | 1,776,911

Barclays Bank Plc have a secured charge on the deposit account for the bonds given to IATA

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 80,050 | 80,050 | 80,050 | 80,050

10 | Related party transactions

The company has taken advantage of the exemption available in section33.1A of FRS102 whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidary undertaking of the group.

Duke's Court Travel Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 105,200 | 105,200

11 | Parent and ultimate parent undertaking

The company's immediate parent is Fareportal International Group Inc, incorporated in USA. The ultimate controlling party continues to be Shailesh Jain by virtue of his holding in OneTravel Group Inc (FormalyknownasFareportalHoldingInc.), a company registred in the USA which holds 100% of the issued share capital of Fareportal International Group Inc.
The company's immediate parent is Fareportal International Group Inc incorprated in USA.
The parent of the largest group In which these financial statements are consolidated is SPK Global Holdings IInc incorporated in USA. The address of which is 137 West 25th Street, New York , NY 10001-1000