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Company registration number: 10062165







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


TMA WORLD GROUP LIMITED






































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TMA WORLD GROUP LIMITED
 


 
COMPANY INFORMATION


Director
C.E. Crosby 




Company secretary
A.J.C. Van Der Linden



Registered number
10062165



Registered office
Ashcombe House
5 The Crescent

Leatherhead

Surrey

KT22 8DY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


TMA WORLD GROUP LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 4


 


TMA WORLD GROUP LIMITED
REGISTERED NUMBER:10062165



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
385,303
385,303

  
385,303
385,303

Current assets
  

Debtors: amounts falling due within one year
 6 
272,113
272,113

  
272,113
272,113

Total assets less current liabilities
  
 
 
657,416
 
 
657,416

  

Net assets
  
657,416
657,416


Capital and reserves
  

Allotted, called up and fully paid share capital
  
385,303
385,303

Profit and loss account
  
272,113
272,113

  
657,416
657,416


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with 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: 

C.E. Crosby
Director

Date: 12 September 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


TMA WORLD GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

TMA World Group Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Development expenditure
-
5 years

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2023 - 1).

Page 2

 


TMA WORLD GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Development costs

£



Cost


At 1 April 2023
185,573



At 31 March 2024

185,573



Amortisation


At 1 April 2023
185,573



At 31 March 2024

185,573



Net book value



At 31 March 2024
-



At 31 March 2023
-

Development expenses were capitalised because the director believed that the development of the online learning products, with access via the internet, would generate income over a period of time. The expenditure was written off over five years.




5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
385,303



At 31 March 2024
385,303




Page 3

 


TMA WORLD GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group companies
272,113
272,113

272,113
272,113



7.


Cash and cash equivalents





8.


Related party transactions

As at 31 March 2024, the company was owed £272,113 from Transnational Management Associates Limited. No interest is charged on this loan.

 
Page 4