Travel and Entertainment Group Limited - Period Ending 2014-09-30

Registration number: 08362361

Travel and Entertainment Group Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

Nigel Ricks & Company Ltd
42 Glebe Street
Loughborough
Leicestershire
LE11 1JR

Travel and Entertainment Group Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Travel and Entertainment Group Limited
for the Year Ended 30 September 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Travel and Entertainment Group Limited for the year ended 30 September 2014 set out on pages 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Travel and Entertainment Group Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Travel and Entertainment Group Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Travel and Entertainment Group Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Travel and Entertainment Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Travel and Entertainment Group Limited. You consider that Travel and Entertainment Group 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 accounts of Travel and Entertainment Group 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 accounts.

......................................

Nigel Ricks & Company Ltd
42 Glebe Street
Loughborough
Leicestershire
LE11 1JR

18 June 2015

Page 1

Travel and Entertainment Group Limited
(Registration number: 08362361)
Abbreviated Balance Sheet at 30 September 2014

		Note			30 September 2014 £			30 September 2013 £
Fixed assets
Investments					822			772
Current assets
Debtors					24,618			10,341
Cash at bank and in hand					285			2,317
					24,903			12,658
Creditors: Amounts falling due within one year					(24,828)			(13,161)
Net current assets/(liabilities)					75			(503)
Net assets					897			269
Capital and reserves
Called up share capital		3			103			103
Profit and loss account					794			166
Shareholders' funds					897			269

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 18 June 2015 and signed on its behalf by:

.........................................
Mr T P Warsop
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Travel and Entertainment Group Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Investments £			Total £
Cost
At 1 October 2013		772			772
Additions		50			50
At 30 September 2014		822			822
Depreciation
At 30 September 2014		-			-
Net book value
At 30 September 2014		822			822
At 30 September 2013		772			772

Page 3

Travel and Entertainment Group Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Watchfromabox.com Ltd	England and Wales	Ordinary shares	100%	that of providing corporate hospitality packages and trips
Thames Cruises London Ltd	England and Wales	Ordinary shares	100%	that of providing Thames River hospitality to private and corporate customers
Alihoco Marketing Ltd	England and Wales	Ordinary shares	100%	that of providing a platform to promote holidays for travel agents
Gourmet Getaways Ltd	England and Wales	'A' Ordinary shares	50%	that of travel agency activities
All Inclusive Holiday Company Ltd	England and Wales	Ordinary shares	100%	that of an online travel agent

The profit for the financial period of Watchfromabox.com Ltd was £97,325 and the aggregate amount of capital and reserves at the end of the period was £31,156.

The profit for the financial period of Thames Cruises London Ltd was £13,289 and the aggregate amount of capital and reserves at the end of the period was £82,549.

The profit for the financial period of Alihoco Marketing Ltd was £8,679 and the aggregate amount of capital and reserves at the end of the period was £4.

The profit for the financial period of Gourmet Getaways Ltd was £nil and the aggregate amount of capital and reserves at the end of the period was £nil.

The profit for the financial period of All Inclusive Holiday Company Ltd was £47,861 and the aggregate amount of capital and reserves at the end of the period was (£122,285).

Page 4

Travel and Entertainment Group Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	30 September 2014						30 September 2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100
Ordinary A share of £1 each		1			1			1			1
Ordinary B share of £1 each		1			1			1			1
Ordinary C share of £1 each		1			1			1			1
		103			103			103			103

Page 5