Tourism Management Institute

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 09965075

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	1,039		1,343
Cash at bank and in hand		23,156		30,656

		24,195		31,999
Creditors: Amounts Falling Due Within One Year	5	(8,560 )		(15,449 )

NET CURRENT ASSETS (LIABILITIES)			15,635		16,550

TOTAL ASSETS LESS CURRENT LIABILITIES			15,635		16,550

Creditors: Amounts Falling Due After More Than One Year	6		(1,000 )		(3,000 )

NET ASSETS			14,635		13,550

Income and Expenditure Account			14,635		13,550

MEMBERS' FUNDS			14,635		13,550

For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

F R Downton

Director

11 September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Tourism Management Institute is a private company, limited by guarantee, incorporated in England & Wales, registered number 09965075 . The registered office is 40 Chamberlayne Road, Eastleigh, Hampshire, SO50 5JH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises the value of sales derived from the company's principal activity which was carried out wholly in the UK.

In respect of long-term contracts and contracts for ongoing services, turnover represents the value of work done in the financial year, including estimates of amounts not invoiced. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

2.3. Financial Instruments

The company applies the provisions of Section 11 'Basic Financial Instruments'.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability

simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	141	1,343
Other debtors	898	-

	1,039	1,343

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Tourism Management Institute

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	855	12,897
Bank loans and overdrafts	2,000	2,000
Other creditors	5,450	154
Taxation and social security	255	398

	8,560	15,449

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,000	3,000

The Institute has a coronavirus Bounce Back Loan. These loans are guaranteed by the government with a 12-month interest-free period with interest charged at 2.5% thereafter. In accordance with FRS102 notional interest in the initial 12-month period is accounted for alongside matching notional government grant income. Repayment is normally to be made over a period of 6 years but early repayment is permitted and repayment terms are subject to a degree of flexibility.

7. Related Party Transactions

In te normal course of its activities the Institute enters into commercial activities with various of its directors and entities in which the directors are interested. These transactions are carried out at arms length and at normal commercial rates and with the exception of those with The Southern and South East England Tourist Board are considered by the Institute to be immaterial for the purposes of the disclosure requirements of the Companies Act and the relevant Financial Reporting Standard.

Transactions during the period with The Southern and South East England Tourist Board were as follows:

Sales by the Institute: £nil (2024: £85)

Purchases by the Institute: £20,190 (2024: £32,961)

Balances at 31 March 2025 were:

Due to the Institute: £240 (2024: £nil)

Due by the Institute: £nil (2024: £1,533)

8. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

9. Ultimate Controlling Party

The company is controlled by the directors acting in concert.

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