Travel Destinations Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03241674 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2018

for

TRAVEL DESTINATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

A J Melley

R Webb

SECRETARY:

Mrs M E Melley

REGISTERED OFFICE:

5 Weltech Centre

Ridgeway

Welwyn Garden City

Hertfordshire

AL7 2AA

REGISTERED NUMBER:

03241674 (England and Wales)

ACCOUNTANTS:

Trevor Jones & Partners Ltd

Springfield House

99/101 Crossbrook Street

Cheshunt

Waltham Cross

Hertfordshire

EN8 8JR

FIXED ASSETS

Tangible assets

4

17,476

12,322

CURRENT ASSETS

Debtors

5

23,273

60,874

Investments

6

80,175

80,175

Cash at bank and in hand

549,857

376,981

653,305

518,030

CREDITORS

Amounts falling due within one year

7

83,855

27,544

NET CURRENT ASSETS

569,450

490,486

TOTAL ASSETS LESS CURRENT LIABILITIES

586,926

502,808

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

536,926

452,808

SHAREHOLDERS' FUNDS

586,926

502,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 7th March 2019 and were signed on its behalf by:

A J Melley - Director

1.	STATUTORY INFORMATION

Travel Destinations 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 6 (2017 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st January 2018

80,848

10,450

7,894

99,192

Additions

-

-

18,541

18,541

At 31st December 2018

80,848

10,450

26,435

117,733

DEPRECIATION

At 1st January 2018

71,158

10,449

5,263

86,870

Charge for year

4,575

1

8,811

13,387

At 31st December 2018

75,733

10,450

14,074

100,257

NET BOOK VALUE

At 31st December 2018

5,115

-

12,361

17,476

At 31st December 2017

9,690

1

2,631

12,322

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

2

2

VAT

3,301

4,985

Prepayments

19,970

55,887

23,273

60,874

6.	CURRENT ASSET INVESTMENTS

2018

2017

£

£

Unlisted investments

80,175

80,175

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Tax

18,469

6,699

Social security and other taxes

13,733

11,232

Other creditors

8

8

Directors' current accounts

5,845

5,845

Accruals and deferred income

42,000

-

Accrued expenses

3,800

3,760

83,855

27,544

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is Mr A J Melley by virtue of his shareholding.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Travel Destinations Limited for the year ended 31st December 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Travel Destinations Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Travel Destinations Limited and state those matters that we have agreed to state to the Board of Directors of Travel Destinations Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Travel Destinations Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Travel Destinations Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Travel Destinations Limited. You consider that Travel Destinations Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Travel Destinations Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Trevor Jones & Partners Ltd

Springfield House

99/101 Crossbrook Street

Cheshunt

Waltham Cross

Hertfordshire

EN8 8JR

7th March 2019