ACCOUNTS - Final Accounts preparation

Registered number: 02398368

TRAVEL TECHNOLOGY INITIATIVE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2025

TRAVEL TECHNOLOGY INITIATIVE LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 3

TRAVEL TECHNOLOGY INITIATIVE LIMITED

REGISTERED NUMBER: 02398368

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2025

		2025		2024
		£		£


Current assets
Debtors due within 1 year	4	15,006		7,341
Bank and cash balances		16,949		27,863
		31,955		35,204
Creditors: amounts falling due within one year	5	(36,388)		(16,638)
Net current (liabilities)/assets			(4,433)		18,566
Total assets less current liabilities			(4,433)		18,566

Net (liabilities)/assets			(4,433)		18,566

Capital and reserves
Called up share capital	5,880	5,880
Capital redemption reserve	5,040	5,040
Profit and loss account	(15,353)	7,646
	(4,433)	18,566

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 on 25 September 2026.

J Forgan
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

TRAVEL TECHNOLOGY INITIATIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

Travel Technology Initiative Limited is a private company, limited by shares, registered in England. The company's registered number and registered office address can be found on the Company information page.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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.

2.2

Turnover

Turnover represents the invoiced value, net of value added tax, of subscriptions, and event sales payable by members together with sundry industry related sales.

2.3

Going concern

The directors have considered the company’s financial position, forecast cash flows and future trading prospects for a period of at least 12 months from the date of approval of these financial statements. Based on this assessment, the directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future.

Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.5

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.

2.6

Creditors

Short term creditors are measured at the transaction price.

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TRAVEL TECHNOLOGY INITIATIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Debtors

					2025	2024
					£	£


Other debtors	-	1,741
Prepayments and accrued income	15,006	5,600
	15,006	7,341

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other taxation and social security	670	-
Accruals and deferred income	35,718	16,638
	36,388	16,638

6.	Related party transactions
	During the year, directors of the company provided consultancy services to the company amounting to £14,875 (2024: £13,800). These have been fully paid during the year.

7.	Controlling party

The company is controlled by the shareholders.

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