Company registration number 08835541 (England and Wales)
TRANSACTWORLD LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
TRANSACTWORLD LIMITED
COMPANY INFORMATION
Directors
Mrs V Mehta
Mrs H Shah
Mr N Patel
(Appointed 1 October 2025)
Company number
08835541
Registered office
5 Technology Park
Colindeep Lane
London
United Kingdom
NW9 6BX
Auditor
Xeinadin Audit Limited
5 Technology Park
Colindeep Lane
Colindale
London
United Kingdom
NW9 6BX
TRANSACTWORLD LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 20
TRANSACTWORLD LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
- 1 -

The directors present the strategic report for the year ended 31 January 2025.

Review of Business

Transactworld Limited is a licensed e-money institution incorporated and domiciled in London, United Kingdom. The company offers complete payments services solutions principally in, but not confined to, the eCommerce sector. The company is authorised and regulated by the Financial Conduct Authority to hold client monies and to administer and safeguard client f un ds.

In 2025, the company's profit before tax and the profit after tax decreased as shown below. The decreased profit was due to the impact of administrative expenses.

Principal Risks and Uncertainties

Compliance with regulatory, legal, and ethical standards is fundamental for the company. The process of risk management and control is addressed through a framework of policies, procedures and internal controls.

The company is exposed to two main additional areas of risk; foreign exchange currency exposure and liquidity risk.

Liquidity risk

The objective of the company in managing liquidity risk is to ensure that it can meet its financial obligations as and when they fall due. The company expects to meet its financial obligations through operating cash flows. In the event that the operating cash flows would not cover all the financial obligations the company has credit facilities available.

Foreign exchange transactional currency exposure

The company is exposed to currency exchange rate risk due to a significant proportion of its receivables and operating expenses being denominated in non-Sterling currencies. The exposure of each currency is managed using a natural hedge, holding cash in various currencies that are used by the company when needed.

Results and Performance

The Company was incorporated in the United Kingdom on 7th January 2014 under Companies House number 08835541 with a Registered Office address at 5 Technology Park, Colindeep Lane, London, United Kingdom, NW9 6BX.

The Company was authorised as an Electronic Money Institution (EMI) by the Financial Conduct Authority (“FCA”) under reference number 900405 in April 2015. The Company commenced trading on the same date. The directors have taken every opportunity to progress the business in line with its business plan and will continue to do so on an ongoing basis post the reference date of the Strategic Report.

This financial year, the Company has focused on gaining new contracts as well as cementing the newly developed robust operational procedures to support the business. This work in previous years has resulted in the Company reporting its third year of profits since attaining it's regulatory licence.

Key Performance Indicators

The Board monitors progress by reference to the following KPIs:

- Turnover

- Profit before tax

The results of the Company set out on page 8 show that the Company recorded £985,089 (202 4: £947,431) turnover within the year, due to new sales contract secured in the previous year s. Further details on this and the overall company strategy can be found in Results and Performance section of this report.

The profit before tax for the year amounted to £158,052 (202 4: £225,034), a variance of £66,982 compared with the previous year. The most significant event which had an impact in the overall performance was the current year increase in administrative expense of £457,943.

TRANSACTWORLD LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
Strategy and Future Developments

The company's strategy for the year was primarily to focus on obtaining new contracts and customers to ensure revenue generation for the forthcoming financial year, outlined in the business plan. The company will also further develop its compliance and risk management services.

S172 Statement

Transactworld Limited hereby confirms compliance with Section 172{1) of the Companies Act 2006 in that they acted in good faith promoting the success of the Firm for the benefit of its stakeholders, and in doing so had regard (amongst other matters) to:

- The consequences of any decisions in the long-term by ensuring that all due care, attention, and considerations were given to all aspects of the possible outcomes when making decisions at board level and that those decisions were made in the best interests of the stakeholders.

- The interests of the Firm's employees by ensuring that consideration was given to employee equality, training, education and natural progression within the Firm, participation in shaping the Firm's strategy and product development, and actively engendering an ‘employee-centric’ environment.

- The provision of reliable, safe, affordable, and fair products and services to its customers, by being continually attentive to their needs, developing new products and services, optimising the provision and costs for the Firm’s products and services, and promoting security of online payments.

- The need to nurture the Firm’s business relationships with partners and suppliers by promoting mutually beneficial contractual arrangements, punctual settlement of invoices, and the sharing of industry insights and innovations.

- The impact of the Firm's operations on the community and the environment by continually promoting reduction of environmental pollution by using electronic document workflow, reducing Co2 emissions by cutting unnecessary travel, particularly airline travel, and promoting the use of public transportation by the Firm's employees.

- The Firm’s regulatory compliance requirements by maintaining timely and accurate reporting to regulatory, governmental, and taxation authorities, by maintaining a reputation for high standards of business conduct and integrity, and by maintaining a professional approach.

- The need to always act fairly by maintaining standards that ensured no bias to any particular group or individual.

On behalf of the board

Mrs V Mehta
Director
7 May 2026
TRANSACTWORLD LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -

The directors present their annual report and financial statements for the year ended 31 January 2025.

Principal activities

The principal activity of the company continued to be that of providing online payment solutions.

Results and dividends

The results for the year are set out on page 8.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mrs V Mehta
Mrs H Shah
Mr N Patel
(Appointed 1 October 2025)
Auditor

The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Energy and carbon report

As the company has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
Mrs V Mehta
Director
7 May 2026
TRANSACTWORLD LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

TRANSACTWORLD LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TRANSACTWORLD LIMITED
- 5 -
Opinion

We have audited the financial statements of Transactworld Limited (the 'company') for the year ended 31 January 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

TRANSACTWORLD LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TRANSACTWORLD LIMITED (CONTINUED)
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

-the legal and regulatory framework that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of the material amounts and disclosures in the financial statements.

-the matters discussed among the audit engagement team during the planning process regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

Audit procedures performed included reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; discussions with the directors on their own assessment of the risks that irregularities may occur either as a result of fraud or error, their assessment of compliance with laws and regulations and whether they were aware of any instances of non-compliance, including any potential litigation or claims; performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; inspection of relevant legal correspondence and board minutes; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

TRANSACTWORLD LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TRANSACTWORLD LIMITED (CONTINUED)
- 7 -

As a result of our assessment, it is considered that the non-compliance of the laws and regulations with the Financial Conduct Authority (FCA) may be fundamental to the operating aspects of the business. However, laws and regulations considered to have a direct effect on the financial statements included the UK Companies Act, Employment Laws, Tax and Pensions legislation and Health & Safety legislation.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. There is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAS (UK).

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Gedalia Waldman BA FCA
Senior Statutory Auditor
For and on behalf of Xeinadin Audit Limited
7 May 2026
Chartered Accountants
Statutory Auditor
5 Technology Park
Colindeep Lane
Colindale
London
United Kingdom
NW9 6BX
TRANSACTWORLD LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JANUARY 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
985,089
947,431
Cost of sales
-
(316,579)
Gross profit
985,089
630,852
Administrative expenses
(862,684)
(404,741)
Operating profit
4
122,405
226,111
Interest receivable and similar income
8
42,384
-
0
Interest payable and similar expenses
9
-
0
(1,077)
Amounts written off investments
10
(6,737)
-
Profit before taxation
158,052
225,034
Tax on profit
11
(41,789)
(57,814)
Profit for the financial year
116,263
167,220

TRANSACTWORLD LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
12
1
1
Current assets
Debtors
14
1,121,948
287,502
Cash at bank and in hand
453,424
1,524,295
1,575,372
1,811,797
Creditors: amounts falling due within one year
15
(658,155)
(1,010,843)
Net current assets
917,217
800,954
Net assets
917,218
800,955
Capital and reserves
Called up share capital
17
464,705
464,705
Profit and loss reserves
452,513
336,250
Total equity
917,218
800,955
The financial statements were approved by the board of directors and authorised for issue on 7 May 2026 and are signed on its behalf by:
Mrs V Mehta
Director
Company registration number 08835541 (England and Wales)
TRANSACTWORLD LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025
- 10 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 February 2023
464,705
169,030
633,735
Year ended 31 January 2024:
Profit and total comprehensive income
-
167,220
167,220
Balance at 31 January 2024
464,705
336,250
800,955
Year ended 31 January 2025:
Profit and total comprehensive income
-
116,263
116,263
Balance at 31 January 2025
464,705
452,513
917,218
TRANSACTWORLD LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2025
- 11 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
22
(509,928)
589,525
Income taxes paid
(107,060)
-
0
Net cash (outflow)/inflow from operating activities
(616,988)
589,525
Investing activities
Repayment of loans
(496,267)
-
0
Interest received
42,384
-
0
Net cash used in investing activities
(453,883)
-
Net (decrease)/increase in cash and cash equivalents
(1,070,871)
589,525
Cash and cash equivalents at beginning of year
1,524,295
934,770
Cash and cash equivalents at end of year
453,424
1,524,295
TRANSACTWORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 12 -
1
Accounting policies
Company information

Transactworld Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Technology Park, Colindeep Lane, London, United Kingdom, NW9 6BX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised in line with the terms of the contract and on an accruals basis. Revenue from online payment solutions are recognised on a per transaction basis as they occur.

1.4
Fixed asset investments

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities. These investments are recognised at cost less impairment.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its 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.

TRANSACTWORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 13 -
Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

TRANSACTWORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 14 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the lease term.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no key judgements or estimates other than those disclosed in these accounting policies.

TRANSACTWORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 15 -
3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by geographical market
Europe
350,000
-
Japan
635,089
947,431
985,089
947,431
2025
2024
£
£
Other revenue
Interest income
42,384
-

All revenue recognised during the period relates to the provision of services.

4
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Exchange losses
46,517
25,009
Operating lease charges
105,732
97,869
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
24,717
25,286
6
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Directors
2
2
Staff
2
1
Total
4
3
TRANSACTWORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
6
Employees
(Continued)
- 16 -

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
311,966
71,309
Social security costs
34,567
4,213
Pension costs
28,524
-
0
375,057
75,522

Except for the directors, no other individuals were identified as key management personnel.

7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
21,250
-
0
8
Interest receivable and similar income
2025
2024
£
£
Interest income
Other interest income
42,384
-
0
9
Interest payable and similar expenses
2025
2024
£
£
Other finance costs:
Other interest
-
0
1,077
10
Amounts written off investments
2025
2024
£
£
Amounts written off current loans
(6,737)
-
11
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
41,789
57,814
TRANSACTWORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
11
Taxation
(Continued)
- 17 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
158,052
225,034
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
39,513
56,259
Tax effect of expenses that are not deductible in determining taxable profit
2,276
3,889
Effect of change in corporation tax rate
-
0
(2,334)
Taxation charge for the year
41,789
57,814
12
Fixed asset investments
2025
2024
Notes
£
£
Investments in joint ventures
13
1
1

During the year, no impairment provisions have been made against any class of fixed asset investments.

13
Joint ventures

Details of the company's joint ventures at 31 January 2025 are as follows:

Name of undertaking
Registered office
Interest
% Held
held
Direct
123 Signed Limited
167 - 169 Great Portland Street, London, England, W1W 5PF
New Ordinary
50.00
14
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
37,269
6,737
Other debtors
1,034,050
206,770
Prepayments and accrued income
50,629
73,995
1,121,948
287,502
TRANSACTWORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 18 -
15
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
263
48,236
Corporation tax
41,789
107,060
Other taxation and social security
47,965
30,287
Other creditors
547,138
60,370
Accruals and deferred income
21,000
764,890
658,155
1,010,843
16
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
28,524
-

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

17
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
464,705
464,705
464,705
464,705

Reserves

Called- up share capital represents the nominal value of shares that have been issued.

Retained earnings includes all current and prior period retained profits and losses.

18
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
16,033
23,675
TRANSACTWORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 19 -
19
Related party transactions

Included in other debtors is an amount owed by a related company of £155,000 (2024: £190,000). This amount is interest free and repayable on demand.

Included in other creditors is an amount owed to the ultimate shareholder of £3,552 (2024: £3,552). This amount is interest free and payable on demand.

20
Directors' transactions

The loan was interest free and repaid within 9 months of the year end.

Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Vaishali Mehta - Loan
-
(11,583)
501,112
489,529
(11,583)
501,112
489,529
21
Ultimate controlling party

The immediate parent company is TW Fintech Limited, a company incorporated and registered in the United Kingdom.

The ultimate parent company is Paymentz Fintech Private Limited, a company incorporated in India. Consolidated financial statements are prepared by Paymentz Fintech Private Limited whose registered office is 69, Aditya Ind. Est. 3 Flr MindSpace ChincholiBander, Malad West, Mumbai, Maharashtra, India - 400064.

The directors consider the Ultimate controlling parties of the company via indirect shareholding to be Anupam Vassa and Amoolya Vassa.

22
Cash (absorbed by)/generated from operations
2025
2024
£
£
Profit for the year after tax
116,263
167,220
Adjustments for:
Taxation charged
41,789
57,814
Finance costs
-
0
1,077
Investment income
(42,384)
-
0
Other gains and losses
6,737
-
Movements in working capital:
(Increase)/decrease in debtors
(344,916)
70,749
(Decrease)/increase in creditors
(287,417)
292,665
Cash (absorbed by)/generated from operations
(509,928)
589,525
TRANSACTWORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 20 -
23
Analysis of changes in net funds
1 February 2024
Cash flows
31 January 2025
£
£
£
Cash at bank and in hand
1,524,295
(1,070,871)
453,424
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