Business Travel News Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 02842469

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

BUSINESS TRAVEL NEWS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M Ginsberg

Mrs L Ginsberg

SECRETARY:

Mrs L Ginsberg

REGISTERED OFFICE:

20 Lodge Close

Cannons Drive

Edgware

HA8 7RL

REGISTERED NUMBER:

02842469

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

CURRENT ASSETS

Debtors

4

1,394

3,053

Investments

5

131,522

130,593

Cash at bank and in hand

19,944

16,299

152,860

149,945

CREDITORS

Amounts falling due within one year

6

54,475

53,071

NET CURRENT ASSETS

98,385

96,874

TOTAL ASSETS LESS CURRENT LIABILITIES

98,385

96,874

PROVISIONS FOR LIABILITIES

15,645

15,470

NET ASSETS

82,740

81,404

CAPITAL AND RESERVES

Called up share capital

100

100

Non distributable reserves

60,758

60,004

Retained earnings

21,882

21,300

SHAREHOLDERS' FUNDS

82,740

81,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 29 June 2023 and were signed on its behalf by:

Mr M Ginsberg - Director

Mrs L Ginsberg - Director

1.	STATUTORY INFORMATION

Business Travel News Limited is a private company, limited by shares , registered in Not specified/Other. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the amount derived from dividends receivable from investments owned by the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Current asset investment

Current asset investments are stated at lower of cost or net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

1,394

3,053

5.	CURRENT ASSET INVESTMENTS

2022

2021

£

£

Listed investments and bonds

131,522

130,593

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

1,170

-

Amounts owed to holding company

51,375

51,375

Taxation and social security

779

748

Other creditors

1,151

948

54,475

53,071

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2022 and 30 September 2021:

2022

2021

£

£

Mr M Ginsberg

Balance outstanding at start of year

(2,303

)

2,498

Amounts advanced

(6

)

199

Amounts repaid

2,374

(5,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

65

(2,303

)

The loan was repaid afterdate.

8.	ULTIMATE CONTROLLING PARTY

9.	ULTIMATE PARENT COMPANY