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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2025
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BROOKLYN TRAVEL HOLDINGS LIMITED
COMPANY INFORMATION
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BROOKLYN TRAVEL HOLDINGS LIMITED
CONTENTS
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BROOKLYN TRAVEL HOLDINGS LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
The Group’s Total Transaction Value (“TTV”) for the year is £407,562,503 (2024: £379,651,799) and Turnover for the year is £247,212,203 (2024: £215,337,270, as restated). Gross Profit for the year is £57,106,587 (2024: £50,868,237, as restated) and EBITDA is £16,334,784 (2024: £14,011,984, as restated). Operating Profit for the year is £13,621,402 (2024 as restated: £11,913,510). The Group results are the aggregation of separate companies that operate significant operations across the travel distribution market including, the general holiday market, Lapland holidays, villas, cruise, long-haul, golf, and business travel. All of the businesses saw growth in Total Transaction Value (“TTV”) in 2025 relative to 2024. The Board’s view is that the continued trend of growing profitability reflects the success of the growth strategy which has been the foundation of the Group for a number of years. The success of the year ended 31 December 2025 provides a great platform for continued growth in 2026. One challenge that faces some of the companies, to a limited extent, is the Middle East crisis. Thus far the businesses have dealt well with the challenge in mitigating the impact on our customers and on the businesses. The Board anticipates that these mitigating measures will continue for as long as is necessary and is mindful that, should the crisis continue into the longer term, the businesses will need to take more significant re-booking action to minimise the impact.
The Board meets regularly and evaluates the Group’s risk position. The principal risks and uncertainties facing the Group are detailed below.
The risks relating to the travel businesses are primarily its reliance on supply from tour operators, hoteliers, airlines, and changes in general economic and other business conditions which may adversely affect demand for tourism products. Liquidity risk – The Group maintains sufficient funds for operational liquidity. The Board considers liquidity risk at Board meetings through monitoring of cash levels and detailed cash flow forecasts. Funding to date has been obtained through operational activities, a senior debt facility and from shareholders. Foreign currency risk – The Group incurs substantial purchases denominated in Euros and US Dollars. The Board considers foreign currency risk at Board meetings and directs an appropriate medium and longer term hedging strategy. Interest rate risk – The Group finances its operations through a mixture of equity and borrowings. The Group has historically borrowed in Sterling only. The Group’s senior debt facility attaches to it a SONIA (Sterling Overnight Index Average) based interest rate and the Board considers hedging options at each Board meeting. Management believe the Group can meet key business risks in respect of competition and employee retention. Geopolitical risk – restrictions, or a loss of confidence, in travel as a result of geopolitical tensions pose a risk to the confidence of the travelling public with an associated adverse impact on the Group. When such issues arise, the Board actively monitor trends in the development of the particular issue, assess the likely impact on customer demand, and seek to maximise the offsetting impact of mitigating actions. This risk is particularly apparent just now with the Middle East conflict. The Board is monitoring the impact on the business and believe that all appropriate mitigating actions are being taken.
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BROOKLYN TRAVEL HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The financial indicators of the company are:
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BROOKLYN TRAVEL HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
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BROOKLYN TRAVEL HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
GHG Emissions Reporting In accordance with the SECR Emissions Reporting requirements outlined in the Companies Act for large companies our GHG disclosure for the 2025 reporting year is listed below. Results have been split by Scope as outlined by the GHG Protocol calculation methodology. This is our first reporting year including energy consumption and GHG emissions associated with Destinology Limited as part of our SECR disclosure. Total GHG Emissions for Scopes 1, 2 and 3 for the reporting period 1st January 2025 – 31st December 2025 are 129.42 tonnes CO2e. Of our total GHG emissions Scope 1 accounts for 16.5%, Scope 2 for 71.8% and Scope 3 for 11.7%. Our GHG emissions intensity per £M revenue is 0.71 tonnes CO2e, and per employee is 0.27 tonnes CO2e.
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BROOKLYN TRAVEL HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
'During the year, the Group's relevant subsidiaries implemented a number of energy efficiency measures at their offices such as:
∙introducing a radiator control policy;
∙conducting detailed evaluations of natural gas usage and identifying opportunities for reducing heat demand;
∙where it was possible to do so, they consolidated certain occupied space and in one instance relocated to a smaller building.
Preparatory work commenced in 2025 that is planned for future implementation, being the replacement of flourescent lighting with energy-efficient LED systems and installation of motion sensors to control lighting based on occupancy at several offices. Implementation measures include early engagement with suppliers and site assessments to support delivery. Once implemented, these actions are expected to further reduce electricity consumption and improve lighting efficiency.
Companies Act S.172 (1) Considerations
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BROOKLYN TRAVEL HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
This section describes how the directors have had regard to the matters set out in section 172(1)(a) to (f) Companies Act 2006 in exercising their duty to promote the success of the Company for the benefit of its stakeholders as a whole. We consider the company's major stakeholders to be our customers, employees, suppliers, and shareholders. Having regard to the likely consequences of any decision in the long term The Board is mindful that its strategic decisions can have long term implications for the business and its stakeholders and these implications are carefully assessed. Such assessment includes ensuring that the long term outlook for developments in the travel market (in respect of product, method of distribution, key and growing suppliers) is at the forefront of long term strategic decisions. Having regard to the interests of the Group’s employees The Group’s senior management are very much open and available to the employees of the Group. This openness is supplemented by regular meetings with business unit managers that have a perpetual agenda item designed to encourage 360 degree information flow across the Group. The Board also host Q&A sessions with various employee Groups. Having regard to the need to foster the Group’s business relationships with customers, suppliers and others The Group’s marketing activities are focussed on products about which our clients wish to be informed and, where appropriate, on those products upon which our suppliers are focussing. At all times the operational requirements of suppliers are respected. Having regard to the impact of the Group’s operations on the community and the environment The Group is very much a light touch operation in respect of the community and the environment but, where appropriate, community involvement is supported and all environmental regulations are respected. Having regard to the desirability of the Group maintaining a reputation for high standards of business conduct The Board recognises the importance of operating a strong corporate governance framework and exercises strong oversight over the Group’s activities in this respect.
This report was approved by the board on 31 March 2026 and signed on its behalf.
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BROOKLYN TRAVEL HOLDINGS 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.
The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group 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 the Group and to 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 the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation and minority interests, amounted to £8,253,075 (2024: £8,494,213 as restated).
The Company paid preference share dividends of £500,000 (2024: £1,571,138). There were no dividends paid on the ordinary shares.
The directors who served during the year were:
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BROOKLYN TRAVEL HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Group's policy is to consult and discuss with employees matters likely to affect employee's interests. Information on matters of concern to employees is given through information bulletins and face-to-face meetings with management. Information on the Group's performance is maintained through a regular newsletter and bi-annual conferences. The Performance and Development Review process ensure employees are made aware of their individual contribution to the business. For further details on how the board has regard to the interests of the Company's employees, please refer to the s172(1) in the Strategic Report.
Management's review of developments and future prospects and principal risks and uncertainties are included in the Strategic Report.
For information in respect of greenhouse gas emissions, energy consumption and efficiency action, please refer to the streamlined energy and carbon reporting (SECR) in the Strategic Report.
The auditors, Sumer Auditco Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on
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BROOKLYN TRAVEL HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BROOKLYN TRAVEL HOLDINGS LIMITED
We have audited the financial statements of Brooklyn Travel Holdings Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2025, which comprise the Consolidated statement of comprehensive income, the , the Consolidated balance sheet, the Company balance sheet, the Consolidated statement of cash flows, the Consolidated statement of changes in equity, the Company statement of changes in equity and the related notes, 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 Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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.
In auditing the financial statements, we have concluded that the directors' 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 Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are 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.
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BROOKLYN TRAVEL HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BROOKLYN TRAVEL HOLDINGS LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.
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BROOKLYN TRAVEL HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BROOKLYN TRAVEL HOLDINGS LIMITED (CONTINUED)
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 Auditors' 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 Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In order to identify and assess the risks of material misstatements, including fraud and non-compliance with laws and regulations that could be expected to have a material impact on the financial statements, we have considered:
∙the results of our enquiries of management and those charged with governance of their assessment of the risks of fraud and irregularities;
∙the nature of the Group, including its management structure and control systems (including the opportunity for management to override such controls);
∙management's incentives and opportunities for fraudulent manipulation of the financial statements, including the Group's remuneration and bonus policies and performance targets; and
∙the industry and environment in which it operates.
We also considered UK and the foreign group companies' local tax and pension legislation and laws and regulations relating to employment and the preparation and presentation of the financial statements such as the Companies Act 2006.
Based on this understanding we identified the following matters as being of significance to the Group:
∙laws and regulations considered to have a direct effect on the financial statements including UK and the foreign group companies' financial reporting standards, Company Law, tax and pension legislation, distributable profits legislation, CAA, ABTA and IATA regulations;
∙the timing of the recognition of commercial income;
∙management bias in selecting accounting policies and determining estimates; and
∙recoverability of debtors.
We communicated the outcomes of these discussions and enquiries, as well as consideration as to where and
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BROOKLYN TRAVEL HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BROOKLYN TRAVEL HOLDINGS LIMITED (CONTINUED)
how fraud may occur in the entity, to all engagement team members including the auditors of significant components.
Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulation) comprised:
∙enquiries of management and those charged with governance as to whether the Group companies comply with such laws and regulations;
∙enquiries with the same concerning any actual or potential litigation or claims;
∙discussion with the same regarding any known or suspected instances of non-compliance with laws and regulation and fraud;
∙assessment of matters reported to management and the result of the subsequent investigation;
∙obtaining an understanding of the relevant controls during the period;
∙obtaining an understanding of the policies and controls over the recognition of income and testing their implementation during the period;
∙review documentation relating to compliance with the regulations relating to health and safety including health and safety certificates; and fire assessment reports;
∙review documentation relating to compliance with the regulations relating to the CAA; ABTA; and IATA including CAA and ABTA returns;
∙challenging assumptions made by management in their specific accounting policies and estimates, in particular in relation to booking cancellation provision; depreciation of tangible fixed assets; amortisation of intangible fixed assets, and reviewing impairment considerations;
∙identifying and testing journal entries, in particular any journal entries posted with unusual account combinations or crediting revenue;
∙assessing the recovery of debtors in the period since the balance sheet date and challenging assumptions made by management regarding the recovery of balances which remain outstanding;
∙reviewing the financial statements for compliance with the relevant disclosure requirements;
∙performing analytical procedures to identify any unusual or unexpected or unexpected movements in account balances which may be indicative of fraud;
∙reviewing the correspondence with HMRC; and
∙evaluating the underlying business reasons for any unusual transactions.
No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
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BROOKLYN TRAVEL HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BROOKLYN TRAVEL HOLDINGS LIMITED (CONTINUED)
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 Auditors' 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.
for and on behalf of
Chartered Accountants
Statutory Auditors
14th Floor
33 Cavendish Square
W1G 0PW
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BROOKLYN TRAVEL HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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BROOKLYN TRAVEL HOLDINGS LIMITED
REGISTERED NUMBER: 11554291
CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 23 to 47 form part of these financial statements.
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BROOKLYN TRAVEL HOLDINGS LIMITED
REGISTERED NUMBER: 11554291
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2025
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own profit and loss account in these financial statements. The loss after tax of the parent company for the year £1,039,547 (2024: £1,046,133)
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 23 to 47 form part of these financial statements.
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