Cruise Club UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03353704 (England and Wales)

Financial Statements

for the Year Ended 30 April 2019

for

CRUISE CLUB UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

P L Edge

Secretary:

F Edge

Registered office:

International House

1 Church Lane

Prestwich

Manchester

M25 1AN

Registered number:

03353704 (England and Wales)

Auditors:

Haines Watts Manchester Limited, Statutory Auditor

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Current assets

Debtors

5

2,075,667

887,531

Cash at bank and in hand

6,773

6,499

2,082,440

894,030

Creditors

Amounts falling due within one year

6

2,072,440

884,030

Net current assets

10,000

10,000

Total assets less current liabilities

10,000

10,000

Capital and reserves

Share capital

8

10,000

10,000

Shareholders' funds

10,000

10,000

10,000

10,000

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 25 September 2019 and were signed by:

P L Edge - Director

1.	Statutory information

Cruise Club UK 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.

The nature of the company's operations and its principal activity is to provide the best cruise deals to everyone

through negotiating the best deals with the world's leading cruise lines.

2.	Statement of compliance

The individual financial statements of Cruise Club UK Limited have been prepared in compliance with United

Kingdom Accounting Standards, including Financial Reporting Standard applicable in the United Kingdom and

Republic of Ireland" ("FRS 102") and the Companies Act 2006.

3.	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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

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. The following criteria must also

be met before turnover is recognised:

- The company has transferred the significant risks and rewards to the buyer;

- The amount of turnover can be measured reliably;

- It is probable that the Company will receive the consideration due under the transaction; and

- The costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover in respect of holiday and travel arrangements sold to customers by the Company as a Tour Operator

(Principal) is recognised on the date of booking and stated at contractual value of services provided.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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.

Debtors and creditors receivable /payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the Profit and Loss Account in

administrative expenses.

4.	Employees and directors

The average number of employees during the year was 1 (2018 - 1 ) .

5.

Debtors: amounts falling due within one year

2019

2018

£

£

Amounts owed by group undertakings

2,075,667

887,531

6.

Creditors: amounts falling due within one year

2019

2018

£

£

Trade creditors

2,072,440

884,030

7.	Secured debts

The following secured debts are included within creditors:

2019

2018

£

£

Trade creditors

2,072,440

884,030

The company's creditors are secured by guarantee by Travelworld International (Manchester) Limited.

8.	Share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

10,000

Ordinary

£1

10,000

10,000

9.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Julie Pomfret (Senior Statutory Auditor)

for and on behalf of Haines Watts Manchester Limited, Statutory Auditor

10.	Ultimate controlling party

The company is a wholly-owned subsidiary of Travelworld International (Manchester) Limited a company

incorporated in the United Kingdom. Consolidated accounts prepared by Travelworld International (Manchester)

Limited are available to the public and may be obtained from the Registrar of companies, Companies House,

Crown Way, Cardiff, CF14 3UZ.