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Registered number: 01854884
HTS GLOBAL TRAVEL LIMITED
(FORMERLY COMPANY TRAVEL LIMITED)
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2025
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HTS GLOBAL TRAVEL LIMITED
REGISTERED NUMBER: 01854884
BALANCE SHEET
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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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:
The notes on pages 2 to 7 form part of these financial statements.
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HTS GLOBAL TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
On 25 June 2025, the company changed its registered name from Company Travel Limited to HTS Global Travel Limited. The change was administrative in nature and did not result in any change to the company's operations, ownership structure or legal identity.
HTS Global Travel Limited (the 'company') is a private company limited by shares incorporated in England and Wales. Its registered office and trading address is 58-60 Kensington Church Street, London, W8 4DB.
2.ACCOUNTING POLICIES
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BASIS OF PREPARATION OF FINANCIAL STATEMENTS
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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 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 following principal accounting policies have been applied:
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EXEMPTION FROM PREPARING CONSOLIDATED FINANCIAL STATEMENTS
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The company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
The directors have prepared the financial statements on a going concern basis which assumes that the company will be able to continue in operational existence for the foreseeable future, being a period of not less than 12 months from the date of approval of the financial statements.
The ultimate parent undertaking, Hopper Inc., has provided written confirmation that it will provide sufficient financial resources to the company so that it can meet its liabilities as they fall due for a period of not less than 12 months from the date of approval of the financial statements.
Given the ongoing group support, the directors believe that the company is adequately placed to manage its business risks successfully and that the company will have adequate financial resources available to meet is liabilities as they fall due.
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HTS GLOBAL TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
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FOREIGN CURRENCY TRANSLATION
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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 are presented in the Statement of Comprehensive Income within 'administrative expenses'.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Commission income
The company earns commission on airline ticket sales arranged through IATA-accredited agency arrangements. As the company acts as an agent rather than a principal, revenue is recognised on a net basis and comprises only the commission earned on qualifying ticket sales. Revenue is recognised when the ticket is issued and the commission entitlement arises.
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HTS GLOBAL TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
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 balance sheet 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 balance sheet 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 balance sheet date.
Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.
Investments in subsidiaries are measured at cost less accumulated impairment.
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the investment is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Short-term debtors are measured at transaction price, less any impairment.
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CASH AND CASH EQUIVALENTS
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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.
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HTS GLOBAL TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
Short-term creditors are measured at the transaction price.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, amounts owed by group undertakings and amounts owed to group undertakings.
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The company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).
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Investments in subsidiary companies
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HTS GLOBAL TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Amounts owed by group undertakings
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Amounts owed by group undertakings are unsecured, interest free and repayable on demand.
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Amounts owed to group undertakings
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Accruals and deferred income
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Amounts owed to group undertakings are unsecured, interest free and repayable on demand.
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ALLOTTED, CALLED UP AND FULLY PAID
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29,000 (2024 - 29,000) Ordinary shares of £1.00 each
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100 (2024 - 100) Ordinary A shares of £1.00 each
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Ordinary shares carry full rights with respect to voting, dividends and distributions.
Ordinary A shares carry full rights with respect to dividends and distributions. These shares carry no voting rights.
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HTS GLOBAL TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
On 5 March 2025, the company granted a debenture in favour of Royal Bank of Canada, comprising fixed charges over certain assets and a floating charge over the company's undertaking and assets, as security for obligations under a wider group financing arrangement.
The ultimate parent undertaking of the smallest group to consolidate these financial statements is Hopper Inc., a company incorporated in Canada. Its registered office is 5795 Gaspe Ave #100, Montreal, Quebec, Canada, H2S 2X3.
The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified.
The audit report was signed on 29 September 2026 by Thomas Hamilton (Senior Statutory Auditor) on behalf of PEM Audit Limited.
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