Company Registration No. 09638616 (England and Wales)
Transworld Business Advisors Uk Limited
Unaudited accounts for filing with the Registrar
for the year ended 31 December 2024
Transworld Business Advisors Uk Limited
Unaudited accounts for filing with the Registrar
Contents
Transworld Business Advisors Uk Limited
Statement of financial position
as at 31 December 2024
Intangible assets
142,160
151,143
Tangible assets
8,360
11,248
Cash at bank and in hand
270,722
82,068
Creditors: amounts falling due within one year
(277,498)
(146,242)
Net current assets
181,452
178,259
Total assets less current liabilities
331,972
340,650
Creditors: amounts falling due after more than one year
(194,988)
(446,079)
Provisions for liabilities
Net assets/(liabilities)
135,491
(105,429)
Called up share capital
100
100
Profit and loss account
135,391
(105,529)
Shareholders' funds
135,491
(105,429)
For the year ending 31 December 2024 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by
Henry Max Ziff
Director
Company Registration No. 09638616
Transworld Business Advisors Uk Limited
Notes to the Accounts
for the year ended 31 December 2024
Transworld Business Advisors Uk Limited is a private company, limited by shares, registered in England and Wales, registration number 09638616. The registered office is Floor 3 38-39 South Molton Street, London, W1K 5RL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight Line over 4 years
Computer equipment
Straight Line over 4 years
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Transworld Business Advisors Uk Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Total
At 31 December 2024
224,578
At 31 December 2024
82,418
At 31 December 2024
142,160
At 31 December 2023
151,143
5
Tangible fixed assets
Total
At 31 December 2024
17,572
At 31 December 2023
11,248
6
Deferred taxation
2024
2023
Accelerated capital allowances
1,493
-
Charged to the profit and loss account
1,493
-
Provision at end of year
1,493
-
7
Transactions with related parties
At 31 December 2024 there were loans owing to directors of £159,831 (2023: £406,197). The loans are interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).