Business Travel News Limited - Accounts to registrar (filleted) - small 23.2.5

Business Travel News Limited - Accounts to registrar (filleted) - small 23.2.5

BUSINESS TRAVEL NEWS LIMITED - Company Information

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REGISTERED NUMBER: 02842469










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

BUSINESS TRAVEL NEWS LIMITED
BUSINESS TRAVEL NEWS LIMITED (REGISTERED NUMBER: 02842469)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BUSINESS TRAVEL NEWS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







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
Page 1
BUSINESS TRAVEL NEWS LIMITED (REGISTERED NUMBER: 02842469)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 804 1,394
Investments 5 148,161 131,522
Cash at bank and in hand 4,305 19,944
153,270 152,860
CREDITORS
Amounts falling due within one year 6 52,930 54,475
NET CURRENT ASSETS 100,340 98,385
TOTAL ASSETS LESS CURRENT
LIABILITIES
100,340
98,385

PROVISIONS FOR LIABILITIES 18,805 15,645
NET ASSETS 81,535 82,740

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserves 74,237 60,758
Retained earnings 7,198 21,882
SHAREHOLDERS' FUNDS 81,535 82,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 18 June 2024 and were signed on its behalf by:




Mr M Ginsberg - Director



Mrs L Ginsberg - Director


The notes form part of these financial statements

Page 2
BUSINESS TRAVEL NEWS LIMITED (REGISTERED NUMBER: 02842469)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 804 1,394

5. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments and bonds 148,161 131,522

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,170
Amounts owed to holding company 51,375 51,375
Taxation and social security - 779
Other creditors 1,555 1,151
52,930 54,475

Page 3 continued...
BUSINESS TRAVEL NEWS LIMITED (REGISTERED NUMBER: 02842469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. RELATED PARTY DISCLOSURES

Included within creditors, amounts falling due within one year is an interest-free amount of £300 (2022: £64) due to the directors of the company.

8. ULTIMATE CONTROLLING PARTY

The company was not under the control of any one individual.

9. ULTIMATE PARENT COMPANY

Arnold Berg ( Sales ) Limited is regarded by the directors as being the company's ultimate parent company.

Page 4