ACCOUNTS - Final Accounts

Registered number: 16263650

TRAVELCIRCUS PACKAGING LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2025

TRAVELCIRCUS PACKAGING LIMITED

REGISTERED NUMBER: 16263650

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025
Note		£


Current assets
Debtors: amounts falling due within one year	5	443,609
Cash at bank and in hand	6	39,732
		483,341
Creditors: amounts falling due within one year	7	(473,593)
Net current assets			9,748

Net assets			9,748

Capital and reserves
Called up share capital			1
Profit and loss account			9,747
			9,748

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

K Klitzke

Director

Date: 17 September 2026

The notes on pages 2 to 8 form part of these financial statements.

Page 1

TRAVELCIRCUS PACKAGING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

1.	General information

Travelcircus Packaging Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is: Level 5a Maple House, 149 Tottenham Court Road, London, United Kingdom, W1T 7NF. The nature of the company's operations and its principal activities are that of a tour operator.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The Company was incorporated on 19 February 2025 and these financial statements have been prepared for the period from 19 February 2025 to 31 December 2025. As this is the company's first account period, no comparative figures are included.

2.2

Going concern

The financial statements have been prepared on a going concern basis. The directors have assessed the Company's ability to continue as a going concern and, having regard to available financial resources, cash flow forecasts and the support of the parent undertaking where appropriate, are satisfied that the Company has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of the financial statements. Accordingly, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 2

TRAVELCIRCUS PACKAGING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.4

Revenue

Turnover comprises amounts receivable in respect of travel services provided in the ordinary course of business, net of VAT and discounts. Revenue is recognised on the customer's departure date, being the point at which the Company's performance obligations have been satisfied.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Advance receipts

All revenue relating to tours with departure dates after the year end are treated as advance receipts at the balance sheet date and are shown under accruals and deferred income.

Page 3

TRAVELCIRCUS PACKAGING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Page 4

TRAVELCIRCUS PACKAGING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.11

Financial instruments (continued)

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

TRAVELCIRCUS PACKAGING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are recognised to be relevant. Actual results may differ from these estimates.

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 where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Critical judgements

Classification and presentation of cash pooling balances

The Company participates in a group cash pooling arrangement operated by its parent undertaking. In determining the presentation of balances arising from the arrangement, the directors considered the contractual terms of the arrangement and the Company's rights to repayment. Based on this assessment, balances arising under the cash pooling arrangement have been presented within amounts owed by group undertakings.

The directors are of the view that there are no other critical judgements that have had a significant effect on the amounts recognised in the financial statements.

Employees

The average monthly number of employees, including directors, during the period was 2.

Debtors

					2025
					£


	Amounts owed by group undertakings	443,459
	Other debtors	150
		443,609

Amounts owed by group undertakings include a balance of £436,186 due from the parent company, Travelcircus GmbH, in respect of the company's participation in the group cash pooling arrangement. This balance is unsecured, interest-bearing at a rate of 1% above the European Central Bank base rate, and is repayable on demand.

Page 6

TRAVELCIRCUS PACKAGING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

6.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	39,732

7.	Creditors: Amounts falling due within one year
		2025
		£

	Trade creditors	67,725
	Amounts owed to group undertakings	77,769
	Corporation tax	3,153
	Accruals and deferred income	324,946
		473,593

Amounts owed to group companies are repayable on demand and have no interest charged on the balance. Included in accruals and deferred income are advance receipts from customers for future departures amounting to £324,946.

8.	Share capital
		2025
		£

		Allotted, called up and fully paid

		1 Ordinary share of £1.00	1

The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the Company.

Reserves

Profit and loss account

The profit and loss account represents cumulative profits or losses, net of dividends paid and other adjustments.

Page 7

TRAVELCIRCUS PACKAGING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

10.	Related party transactions
	The following balances were outstanding with group companies at the balance sheet date:

		2025
		£

	Travelcircus GmbH	443,459
	Wagner Kurzreisen	(77,769)

The intercompany receivable balance in respect of the cash pool is unsecured, interest-bearing at a rate of 1% above the European Central Bank base rate, and is repayable on demand. All other intercompany balances are unsecured, interest-free, and repayable on demand.

11.	Post balance sheet events

The directors have concluded that no material events have occurred since the date of approval of these financial statements that would affect the financial statements of the Company.

12.	Parent and ultimate parent company

The company's immediate parent undertaking is Travelcircus GmbH, a company incorporated in Germany, which owns 100% of the issued share capital of Travelcircus Packaging Limited.

In the opinion of the directors, there is no single ultimate parent undertaking or controlling party. The company’s share capital is held by a diverse group of shareholders, with no individual party holding a majority interest in the parent company, Travelcircus GmbH.

13.	Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2025 was unqualified.

The audit report was signed on 17 September 2026 by Karanjit Gill FCCA (Senior Statutory Auditor) on behalf of Xeinadin Audit Limited.

Page 8