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CORINTHIAN TRAVEL LIMITED
REGISTERED NUMBER:06704491
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2020
Notes
Corinthian Travel Limited is a private company limited by shares incorporated in England, United Kingdom.
The nature of the Company’s operations and principal activities are that of a luxury travel operator.
The address of the registered office is given in the company information of these financial statements.
In common with many companies, the Company has experienced a reduction in trade due to concern over the
coronavirus. While the effect of the coronavirus cannot currently be predicted with any certainty, the directors
have confirmed their financial support will be provided for the foreseeable future as and when required for the
business. On this basis, the directors consider it appropriate to prepare the financial statements on a going
concern basis.
Average number of employees
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The average monthly number of employees, including directors, during the year was 2 (2019 - 2).
Directors' benefits: advances, credits and guarantees
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At the year end, the company had an outstanding loan account with the director, H Fraser. Advances totalled £43,182 (2019: £46,821) and credits totalled £58,837 (2019: £49,790). At the year end H Fraser was owed £18,800 (2019: £3,145) by the Company.
Director's confirmations
The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the 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:
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