Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity139truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02443521 2023-04-01 2024-03-31 02443521 2022-04-01 2023-03-31 02443521 2024-03-31 02443521 2023-03-31 02443521 c:CompanySecretary1 2023-04-01 2024-03-31 02443521 c:Director1 2023-04-01 2024-03-31 02443521 c:RegisteredOffice 2023-04-01 2024-03-31 02443521 d:ComputerEquipment 2023-04-01 2024-03-31 02443521 d:ComputerEquipment 2024-03-31 02443521 d:ComputerEquipment 2023-03-31 02443521 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02443521 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 02443521 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 02443521 d:CurrentFinancialInstruments 2024-03-31 02443521 d:CurrentFinancialInstruments 2023-03-31 02443521 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02443521 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02443521 d:ShareCapital 2024-03-31 02443521 d:ShareCapital 2023-03-31 02443521 d:RetainedEarningsAccumulatedLosses 2024-03-31 02443521 d:RetainedEarningsAccumulatedLosses 2023-03-31 02443521 c:FRS102 2023-04-01 2024-03-31 02443521 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02443521 c:FullAccounts 2023-04-01 2024-03-31 02443521 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 02443521







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


TRANSNATIONAL MANAGEMENT ASSOCIATES LIMITED






































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TRANSNATIONAL MANAGEMENT ASSOCIATES LIMITED
 


 
COMPANY INFORMATION


Director
C.E.B. Crosby 




Company secretary
A.J.C. Van Der Linden



Registered number
02443521



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





 


TRANSNATIONAL MANAGEMENT ASSOCIATES LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 6

 


TRANSNATIONAL MANAGEMENT ASSOCIATES LIMITED
REGISTERED NUMBER:02443521



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
16,118
11,287

  
16,118
11,287

Current assets
  

Debtors: amounts falling due within one year
 6 
694,443
803,192

Cash at bank and in hand
  
300,337
165,965

  
994,780
969,157

Creditors: amounts falling due within one year
 7 
(777,008)
(874,867)

Net current assets
  
 
 
217,772
 
 
94,290

Total assets less current liabilities
  
233,890
105,577

  

Net assets
  
233,890
105,577


Capital and reserves
  

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

Profit and loss account
  
(151,413)
(279,726)

  
233,890
105,577


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.

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.B. Crosby
Director

Date: 12 September 2024

The notes on pages 2 to 6 form part of these financial statements.
Page 1

 


TRANSNATIONAL MANAGEMENT ASSOCIATES LIMITED
 


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

1.


General information

Transnational Management Associates 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.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the profit and loss account represents amounts receivable for services provided during the year in the normal course of business, net of trade discounts, VAT and other sales and related taxes.
Revenue is either recognised on work completed, or in the case of ongoing service contracts, revenue represents the value of work done in the year including estimates of amounts not invoiced. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20%
straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Page 2

 


TRANSNATIONAL MANAGEMENT ASSOCIATES LIMITED
 


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

2.Accounting policies (continued)

 
2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.7

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.


3.


Employees

The average monthly number of employees, including the director, during the year was 13 (2023 - 9).

Page 3

 


TRANSNATIONAL MANAGEMENT ASSOCIATES LIMITED
 


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

4.


Intangible assets




Development expenses

£



Cost


At 1 April 2023
108,161



At 31 March 2024

108,161



Amortisation


At 1 April 2023
108,161



At 31 March 2024

108,161



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.



Page 4

 


TRANSNATIONAL MANAGEMENT ASSOCIATES LIMITED
 


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

5.


Tangible assets





Plant and machinery etc.

£



Cost or valuation


At 1 April 2023
28,446


Additions
9,219



At 31 March 2024

37,665



Depreciation


At 1 April 2023
17,159


Charge for the year
4,388



At 31 March 2024

21,547



Net book value



At 31 March 2024
16,118



At 31 March 2023
11,287


6.


Debtors

2024
2023
£
£


Trade debtors
396,785
536,062

Other debtors
206,136
204,552

Prepayments and accrued income
34,275
5,638

Tax debtor
57,247
56,940

694,443
803,192


Page 5

 


TRANSNATIONAL MANAGEMENT ASSOCIATES LIMITED
 


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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
84,404
69,297

Amounts owed to group companies
274,279
272,113

Corporation tax
83,915
86,863

Other taxation and social security
43,523
50,814

Other creditors
14,054
16,937

Accruals and deferred income
276,833
378,843

777,008
874,867



8.


Related party transactions

At the beginning of the year the director owed the company £203,367 (2023: £193,724). During the year the director made advances of £233 (2023: £Nil) to the company and received payments of £1,500 (2023: £9,643). As at 31 March 2024, the director owed the company £204,634 (2023: £203,367). No interest is charged on this loan.
The director has given a personal guarantee up to a maximum of £150,000 in respect of the bank overdraft facility.
At the beginning of the year the company owed an amount of  £Nil (2023: £276,386) to Country Navigator Limited, a co-subsidiary of the parent company. During the year, the company made advances of £Nil (2023: £310,979) and received repayments of £2,166.19 (2023: £306,706). As at 31 March 2024 the company owed £2,166.19 (2023: £Nil). No interest is charged on this loan.
At the beginning of the year the company owed an amount of £272,113 (2023: £Nil) to TMA World Group Limited, the parent company. During the year, the company made advances of £Nil (2023: £Nil) and received payments of £Nil (2023: £272,113). As at 31 March 2024, the company owed £272,113 (2023: £272,113) to TMA World Group Limited. No interest is charged on this loan.
 
Page 6