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
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
Transnational Management Associates Limited
Statement of financial position
as at 31 March 2025
Intangible assets
88,676
-
Tangible assets
17,198
16,118
Cash at bank and in hand
185,880
300,337
Creditors: amounts falling due within one year
(888,686)
(777,008)
Net current (liabilities)/assets
(138,536)
217,772
Net (liabilities)/assets
(32,662)
233,890
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
Transnational Management Associates Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
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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 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:
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.
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.
Transnational Management Associates Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
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Intangible fixed assets
Other
5
Tangible fixed assets
Computer equipment
Transnational Management Associates Limited
Notes to the Accounts
for the year ended 31 March 2025
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
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Creditors: amounts falling due within one year
2025
2024
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
Deferred income
411,392
241,909
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director loan
261,882
-
-
261,882
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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.
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.
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Average number of employees
During the year the average number of employees was 11 (2024: 13).