Euskara Limited - Filleted accounts

Registered number

11750783

Euskara Limited

Filleted Accounts

31 January 2026

Euskara Limited
Registered number:		11750783
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Investments	4		15,000			15,000

Current assets
Debtors	5	15,000			83,610
Cash at bank and in hand		5,032			4,993
		20,032			88,603

Creditors: amounts falling due within one year	6	(2,374)			(107,547)

Net current assets/(liabilities)			17,658			(18,944)

Net assets/(liabilities)			32,658			(3,944)

Capital and reserves
Called up share capital			100			100
Profit and loss account			32,558			(4,044)

Shareholder's funds			32,658			(3,944)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Simon Mawdsley
Director
Approved by the board on 27 October 2026

Euskara Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

1.1	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

1.2	Fixed Asset Investments
	Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assesed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. A subsidiary is an entity controlled by the company. Control is the power to cover the financial and operating policies of the entity so as to obtain benefits from its activities. An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long term interest and where the company has significant influence. The company considers that it has significant influence when it has the power to participate in the financial and operating decisions of the associate. Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3	Cash and Cash equivalents
	Cash and cash equivalents are basic financial assets and include cash in hand, deposits held on call with banks, other short term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4	Equity Instruments
	Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of company.


2	Critical accounting judgements and key sources of estimating uncertainity

	In the application of the company's accounting policies, the directors are required to make judgements, estimate 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 considered to be relevant. 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 the revision and future periods where the revision affects both current and future periods.


3	Employees	2026		2025
Number			Number

	Average number of persons including directors employed by the company	1		1


4	Fixed Asset Investments

	Shares in group undertakings and participating interests	2026		2025
		15,000		15,000
	Euskara Ltd owns 50% of the ordinary share capital of Grand Tours Travel Ltd. Both companies are registered in England and Wales.

5	Debtors

	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
		2026		2025
£			£
	Amounts owed by group undertakings and undertakings in which the company has a participating interest	15,000		15,000
	Other debtors	-		68,610
		15,000		83,610


6	Creditors: amounts falling due within one year

	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
		2026		2025
£			£
	Other creditors	2,374		1,247
	Amounts owed to group undertakings and undertakings in which the company has a participating interest	-		106,300
		2,374		107,547


7	Taxation

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


8	Provisions

	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


9	Foreign currency translation

	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.





10	Ultimate controlling party

	Simon Mawdsley is the ultimate controlling party.


11	Other information

	Euskara Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Flat 34, Lower Park
	54 Putney Hill
	London
	SW15 6QY