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Company Registration No. 02443521 (England and Wales)
Transnational Management Associates Limited Unaudited accounts for the year ended 31 March 2025
Transnational Management Associates Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Transnational Management Associates Limited Company Information for the year ended 31 March 2025
Directors
Abraham J C Van Der Linden Christopher E Crosby
Company Number
02443521 (England and Wales)
Registered Office
Berg Kaprow Lewis 35 Ballards Lane London London N3 1XW England
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Transnational Management Associates Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
88,676
-
Tangible assets
5
17,198
16,118
105,874
16,118
Current assets
Debtors
6
564,270
694,443
Cash at bank and in hand
185,880
300,337
750,150
994,780
Creditors: amounts falling due within one year
7
(888,686)
(777,008)
Net current (liabilities)/assets
(138,536)
217,772
Net (liabilities)/assets
(32,662)
233,890
Capital and reserves
Called up share capital
385,303
385,303
Profit and loss account
(417,965)
(151,413)
Shareholders' funds
(32,662)
233,890
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 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 6 November 2025 and were signed on its behalf by
Christopher E Crosby Director Company Registration No. 02443521
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Transnational Management Associates Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Transnational Management Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 02443521. The registered office is Berg Kaprow Lewis, 35 Ballards Lane, London, London, N3 1XW, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at historical cost less accumulated depreciation and accumulated impairment. 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 has been provided at the following rates in order to write off the assets over their estimated useful lives, using the straight-line method:
Computer equipment
20%
Intangible fixed assets
Intangible fixed assets representing internally developed software, website development costs, and product development activities are covered under this policy. Costs directly attributable to the development of software, products or website are capitalised when the costs are expected to generate future economic benefits and when the recognition criteria under FRS 102 are met. Capitalised costs are amortised over their useful life as below: Website development costs- 3 years Product development costs- 10 years All intangible assets are reviewed annually for indicators of impairment and are written down to recoverable amount, if required.
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 party loans.
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Transnational Management Associates Limited Notes to the Accounts for the year ended 31 March 2025
Pension costs
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.
Going concern
The directors have assessed the company’s ability to continue as a going concern and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis. In making this assessment, the directors have considered the company’s financial position, cash flow forecasts, and future trading prospects. They have also taken into account any potential uncertainties arising from current economic conditions and their impact on the business.
4
Intangible fixed assets
Other
£
Cost
At 1 April 2024
108,161
Additions
90,326
At 31 March 2025
198,487
Amortisation
At 1 April 2024
108,161
Charge for the year
1,650
At 31 March 2025
109,811
Net book value
At 31 March 2025
88,676
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 April 2024
37,665
Additions
6,337
At 31 March 2025
44,002
Depreciation
At 1 April 2024
21,547
Charge for the year
5,257
At 31 March 2025
26,804
Net book value
At 31 March 2025
17,198
At 31 March 2024
16,118
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Transnational Management Associates Limited Notes to the Accounts for the year ended 31 March 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
258,714
396,785
Accrued income and prepayments
43,374
34,275
Other debtors
262,182
263,383
564,270
694,443
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
12,939
16,851
Trade creditors
49,444
72,780
Amounts owed to group undertakings and other participating interests
271,713
274,279
Taxes and social security
97,148
110,587
Other creditors
29,236
25,678
Accruals
16,814
34,924
Deferred income
411,392
241,909
888,686
777,008
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Director loan
261,882
-
-
261,882
261,882
-
-
261,882
9
Transactions with related parties
As at 31 March 2025, the company is owed a balance of £261,822 from the director (2024: £261,882). There were no transactions during the year (2024: £233). 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. As at 31 March 2025, the company owes £100 to Country Navigator Limited, a co-subsidiary of the parent company (2024: £2,166). Transactions during the year include £2,066 of costs paid by the company on behalf of Country Navigator (2024: £2,166). No interest is charged on this loan. As at 31 March 2025, the company owes £271,613 to TMA World Group Limited, the parent company (2024: £272,113).During the year the company paid £500 towards the costs of TMA World Group Limited (2024: £nil). No interest is charged on this loan.
10
Controlling party
The company is controlled by TMA World Group Limited who owns 100% of the issued share capital and has the ability to govern the financial and operating policies of the company. TMA World Group Limited is also the ultimate controlling party.
11
Average number of employees
During the year the average number of employees was 11 (2024: 13).
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