Blue Marine Travel Limited 05183980 false 2025-01-01 2025-12-31 2025-12-31 The principal activity of the company is of a travel agency Digita Accounts Production Advanced 6.30.9574.0 true true 05183980 2025-01-01 2025-12-31 05183980 2025-12-31 05183980 bus:Director1 1 2025-12-31 05183980 core:CurrentFinancialInstruments 2025-12-31 05183980 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 05183980 core:Non-currentFinancialInstruments 2025-12-31 05183980 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 05183980 core:OtherPropertyPlantEquipment 2025-12-31 05183980 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2025-12-31 05183980 bus:SmallEntities 2025-01-01 2025-12-31 05183980 bus:Audited 2025-01-01 2025-12-31 05183980 bus:FilletedAccounts 2025-01-01 2025-12-31 05183980 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 05183980 bus:RegisteredOffice 2025-01-01 2025-12-31 05183980 bus:Director1 2025-01-01 2025-12-31 05183980 bus:Director1 1 2025-01-01 2025-12-31 05183980 bus:Director2 2025-01-01 2025-12-31 05183980 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05183980 bus:Agent1 2025-01-01 2025-12-31 05183980 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 05183980 core:PlantMachinery 2025-01-01 2025-12-31 05183980 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2025-01-01 2025-12-31 05183980 countries:England 2025-01-01 2025-12-31 05183980 2024-12-31 05183980 bus:Director1 1 2024-12-31 05183980 core:OtherPropertyPlantEquipment 2024-12-31 05183980 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-12-31 05183980 2024-01-01 2024-12-31 05183980 2024-12-31 05183980 bus:Director1 1 2024-12-31 05183980 core:CurrentFinancialInstruments 2024-12-31 05183980 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 05183980 core:Non-currentFinancialInstruments 2024-12-31 05183980 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 05183980 core:OtherPropertyPlantEquipment 2024-12-31 05183980 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-12-31 05183980 bus:Director1 2024-01-01 2024-12-31 05183980 bus:Director1 1 2024-01-01 2024-12-31 05183980 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-01-01 2024-12-31 05183980 2023-12-31 05183980 bus:Director1 1 2023-12-31 05183980 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 05183980

Blue Marine Travel Limited
Filleted Financial Statements
for the Year Ended 31 December 2025

Blue Marine Travel Limited

Contents

Company Information | 1
Independent Auditor's Report | 2 to 6
Balance Sheet | 7
Notes to the Financial Statements | 8 to 14

Blue Marine Travel Limited

Company Information

Directors | Mr L Baldwin Mrs S Baldwin

Registered office | Fawley House 2 Regatta Place Marlow Road Bourne Road Buckinghamshire United Kingdom SL8 5TD

Auditors | Sterling Grove Accountants Limited Chartered Certified Accountants and Registered AuditorsFawley House 2 Regatta Place Marlow Road Bourne End Buckinghamshire SL8 5TD

Blue Marine Travel Limited

Independent Auditor's Report to the Members of Blue Marine Travel Limited

Opinion

We have audited the financial statements of Blue Marine Travel Limited (the 'company') for the year ended 31 December 2025, which comprise the Balance Sheet, 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

In auditing the financial statements, we have concluded that the director's 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 original financial statements were 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.

Other information

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

Blue Marine Travel Limited

Independent Auditor's Report to the Members of Blue Marine 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 for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• | the 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 .

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.

Blue Marine Travel Limited

Independent Auditor's Report to the Members of Blue Marine Travel Limited

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.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

• | 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 override of internal control.

• | Obtain an understanding of internal control 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 the company’s internal control.

• | Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

• | Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company'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 company to cease to continue as a going concern.

• | Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

• | Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the company to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the company audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Blue Marine Travel Limited

Independent Auditor's Report to the Members of Blue Marine Travel Limited

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the environmental waste sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates set out in the accounting policies were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

Blue Marine Travel Limited

Independent Auditor's Report to the Members of Blue Marine Travel Limited

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 Gianni Pietro Amasanti (Senior Statutory Auditor)
For and on behalf of Sterling Grove Accountants Limited, Statutory Auditor
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

30 June 2026

Blue Marine Travel Limited

(Registration number: 05183980)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 64,647 | 72,596
Current assets |  |  |
Debtors | 5 | 4,552,634 | 3,619,087
Cash at bank and in hand |  | 2,116,294 | 1,752,865
|  | 6,668,928 | 5,371,952
Creditors: Amounts falling due within one year | 6 | (2,211,036) | (1,985,984)
Net current assets |  | 4,457,892 | 3,385,968
Total assets less current liabilities |  | 4,522,539 | 3,458,564
Creditors: Amounts falling due after more than one year | 6 | - | (83,311)
Net assets |  | 4,522,539 | 3,375,253
Capital and reserves |  |  |
Called up share capital |  | 40,000 | 40,000
Retained earnings |  | 4,482,539 | 3,335,253
Shareholders' funds |  | 4,522,539 | 3,375,253

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 June 2026 and signed on its behalf by:

......................................... Mr L Baldwin Director
......................................... Mrs S Baldwin Director

Blue Marine 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.

The address of its registered office is:
Fawley House 2 Regatta Place
Marlow Road
Bourne Road
Buckinghamshire
SL8 5TD
United Kingdom

The principal place of business is:
Zone 4, Sion Park
Birchanger
Hertfordshire
CM23 5PU

These financial statements were authorised for issue by the Board on 30 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

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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 and after eliminating sales within the company.

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.

Blue Marine Travel Limited

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

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 and machinery | 20% 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.

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.

Blue Marine Travel Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 37 (2024 - 39).

Blue Marine Travel Limited

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

4 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 January 2025 | 158,777 | 158,777
Additions | 12,305 | 12,305
At 31 December 2025 | 171,082 | 171,082
Depreciation
At 1 January 2025 | 86,181 | 86,181
Charge for the year | 20,254 | 20,254
At 31 December 2025 | 106,435 | 106,435
Carrying amount
At 31 December 2025 | 64,647 | 64,647
At 31 December 2024 | 72,596 | 72,596

Blue Marine Travel Limited

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

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 2,874,490 | 2,365,959
Prepayments and accrued income | 65,232 | 13,750
Other debtors | 1,612,912 | 1,239,378
| 4,552,634 | 3,619,087

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | - | 91,969
Trade creditors |  | 354,333 | 1,071,508
Taxation and social security |  | 1,084,350 | 674,502
Accruals and deferred income |  | 113,547 | 19,194
Other creditors |  | 658,806 | 128,811
|  | 2,211,036 | 1,985,984

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | - | 83,311

Blue Marine Travel Limited

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

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 83,311

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 91,969

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £68,409 (2024 - £93,285).

9 | Related party transactions

Transactions with directors

2025 | At 1 January 2025 £ | Advances to director £ | Repayments by director £ | At 31 December 2025 £
Mr L Baldwin
Advance | 650,000 | 161,856 | (109,768) | 702,088

2024 | At 1 January 2024 £ | Advances to director £ | Repayments by director £ | At 31 December 2024 £
Mr L Baldwin
Advance | 168,077 | 648,923 | (167,000) | 650,000

Blue Marine Travel Limited

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

Loans to related parties

2025 | Entities with joint control or significant influence £ | Total £
At start of period | 192,251 | 192,251
Advanced | 247,353 | 247,353
Repaid | (170) | (170)
At end of period | 439,434 | 439,434

2024 | Entities with joint control or significant influence £ | Total £
At start of period | 270,984 | 270,984
Advanced | 74,225 | 74,225
Repaid | (152,958) | (152,958)
At end of period | 192,251 | 192,251