REGISTERED NUMBER: 04127256 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Mercian Travel & Tours Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S L Noble

REGISTERED OFFICE:

2 President Buildings

Savile Street East

Sheffield

South Yorkshire

S4 7UQ

REGISTERED NUMBER:

04127256 (England and Wales)

ACCOUNTANTS:

Royston Parkin Limited

2 President Buildings

Savile Street East

Sheffield

South Yorkshire

S4 7UQ

FIXED ASSETS

Tangible assets

4

7,062

7,153

CURRENT ASSETS

Debtors

5

151,830

127,498

Cash at bank and in hand

948

9,011

152,778

136,509

CREDITORS

Amounts falling due within one year

6

1,413,042

977,452

NET CURRENT LIABILITIES

(1,260,264

)

(840,943

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,253,202

)

(833,790

)

CAPITAL AND RESERVES

Called up share capital

30,002

30,002

Retained earnings

(1,283,204

)

(863,792

)

(1,253,202

)

(833,790

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2026 and were signed by:

Mrs S L Noble - Director

1.	STATUTORY INFORMATION

Mercian Travel & Tours Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

52,162

DEPRECIATION

At 1 January 2025

45,009

Charge for year

91

At 31 December 2025

45,100

NET BOOK VALUE

At 31 December 2025

7,062

At 31 December 2024

7,153

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

23,364

80,139

Amounts owed by group undertakings

4,800

1

Amounts owed by associates

85,623

-

Other debtors

38,043

47,358

151,830

127,498

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

100,648

-

Trade creditors

14,393

98,098

Amounts owed to group undertakings

1,187,464

865,363

Amounts owed to associates

106,941

-

Taxation and social security

56

-

Other creditors

3,540

13,991

1,413,042

977,452

7.	RELATED PARTY DISCLOSURES

During the year, the company issued interest free loans to a holding company in the group, Heathrow Coach Hire Limited, to finance investment activities within the group. The balance owed to Mercian Travel and Tours Limited as of 31st December 2025 is £4,800.00 (2024: NIL).

Mercian Travel and Tours Limited is a wholly owned subsidiary of Heathrow Coach Hire Limited. Heathrow Coach Hire Limited is an investment holding company and does not carry out it's own trading activities.

During the year, the company entered into trade with a connected company, Linburg Touring Limited, who shares a majority shareholder and director. The trade is carried out at arms length and is to facilitate the servicing of customers outside of normal capacity or range. The balance owed to Mercian Travel and Tours Limited as of 31st December 2025 is £85,623 (2024: NIL).

During the year, the company entered into trade with a connected company, Coach Pro (UK) Limited, who shares a majority shareholder and director. The trade is carried out at arms length and is for the external supply of labour for use in the company's main trade. The balance owed to Coach Pro (UK) Limited on 31st December 2025 is £106,94 (2024: NIL).

During the year, the company received interest free loans from its holding company, B.M. Coaches and Rental Limited, to finance the trading activities of the company and to service it's payroll obligations. The amount owed to B.M. Coaches and Rental Limited on 31st December 2025 is £1,187,464 (2024: NIL).

8.	GOING CONCERN

At 31st December 2025, the company had negative equity. However, over 90% of the company's liabilities are loans from connected companies who are prepared to continue financing it's operations. Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis.