Trans Global Projects Limited

	Page
Strategic Report	1
Directors' Report	2—3
Independent Auditor's Report	4—6
Profit and Loss Account	7
Statement of Comprehensive Income	8
Balance Sheet	9—10
Statement of Changes in Equity	11
Statement of Cash Flows	12
Notes to the Statement of Cash Flows	13
Notes to the Financial Statements	14—21

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

Principal Activity

The company's principal activity continues to be that of project logistics management.

Review of the Business

The company considers its key performance indicators to be turnover, operating profit and cash reserves.

During the current year, turnover increased to £28,988,205 (2024: £20,013,600).

The gross profit margin has dropped slightly, decreasing from 22% in 2024 to 19% in 2025.

The company is confident that a combination of management fees, existing business and new business won will result in profitable trading in 2026.

Administration costs of £4,149,828 have increased compared to last year (2024: £3,467,575). One of the main reasons for the increase in administration costs was the increased number of employees required as a result of the increased amount of business being carried on by Trans Global Projects Ltd. However the operating profit margin has remained consistent at 5% year on year.

The operating profit for the year was £1,331,445 (2024: £1,015,219).

Principal Risks and Uncertainties

The company faces a number of risks and uncertainties within the industry it operates in. Many of the projects won are for logistics scopes of work for large infrastructure projects. Delays in investment decisions or cancelled projects can lead to delay or cancellation in business. Many customers, particularly those based overseas, are demanding long payment terms sometimes in the region of 90-120 days. This can impact on the working capital of the company and stretch its cash resources.

Reserves

Retained reserves of £3,818,389 at the year end (2024: £3,052,185) indicated a increase of 25% compared to the previous year.

Cashflow and liquidity

There was a net increase in cash of £1,224,682. The company's liquidity has decreased resulting in the net current assets ratio being 1.40 compared with 1.88 in the previous year. It is expected that liquidity will increase in 2026 on the back of an expected profitable year.

On behalf of the board

A M Herbert

Director

28 July 2026

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Trans Global Projects Limited

Company No. 01807048

Directors' Report For The Year Ended 31 December 2025

Directors' Report

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

Dividends

The value of dividends paid amounted to £238,371 .

Directors

The directors who held office during the year were as follows:

A M Herbert
M R Jackson
C B Charnock
M Andrews	Appointed	04/08/2025
S R Duke	Resigned	04/08/2025

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' 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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, 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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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Trans Global Projects Limited

Directors' Report (continued)

For The Year Ended 31 December 2025

Independent Auditors

The auditors, Crane & Partners Audit LLP, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

A M Herbert

Director

28 July 2026

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Independent Auditor's Report

to the Members of

Trans Global Projects Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Trans Global Projects Limited for the year ended 31 December 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit/(loss) 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 entity's ability to continue as a going concern for a period of at least 12 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. In connection with our audit of the financial statements, 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 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.

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Independent Auditor's Report (continued)

to the Members of

Trans Global Projects Limited

Opinions on Other Matters Prescribed by the Companies Act 2006

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

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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 identified material misstatements in the Strategic Report or the Directors' Report.

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 or 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' Responsibilities Statement set out on page 3, 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.

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Independent Auditor's Report (continued)

to the Members of

Trans Global Projects Limited

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:

Based on our understanding of the company and the industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to those laws which have a direct impact on the preparation of the financial statements, such as the Companies Act 2006 and tax legislation.

We evaluated management's opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to manipulate financial results and potential management bias towards accounting estimates.

Audit procedures included discussions with management, challenging assumptions made by management in their significant accounting estimates, and identifying and testing journal entries posted with unusual account combinations.

There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material fraud is higher than the risk of not detecting one resulting from error, as fraud may be deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website 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 that 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.

Sarah Rawlins FCA (Senior Statutory Auditor)

for and on behalf of Crane & Partners Audit LLP , Statutory Auditor

28 July 2026

Crane & Partners Audit LLP

Leonard House

5-7 Newman Road

Bromley

Kent

BR1 1RJ

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Trans Global Projects Limited

Profit and Loss Account

For The Year Ended 31 December 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	28,988,205	20,013,600
Cost of sales		(23,506,932 )	(15,530,806 )

GROSS PROFIT		5,481,273	4,482,794

Administrative expenses		(4,149,828 )	(3,467,575 )

OPERATING PROFIT	4	1,331,445	1,015,219
Interest payable and similar charges	9	(11,308 )	(16,701 )

PROFIT BEFORE TAXATION		1,320,137	998,518
Tax on Profit	10	(315,562 )	(261,302 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		1,004,575	737,216

The notes on pages 13 to 21 form part of these financial statements.

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Trans Global Projects Limited

Statement of Comprehensive Income

For The Year Ended 31 December 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	1,004,575	737,216
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	1,004,575	737,216

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Trans Global Projects Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 01807048

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	11		19,544		28,990
Tangible Assets	12		123,411		24,713
Investment Properties	13		380,000		380,000
Investments	14		11,000		11,000

			533,955		444,703
CURRENT ASSETS
Debtors	15	11,591,803		6,317,722
Cash at bank and in hand		1,641,867		417,185

		13,233,670		6,734,907
Creditors: Amounts Falling Due Within One Year	16	(9,479,013 )		(3,591,869 )

NET CURRENT ASSETS (LIABILITIES)			3,754,657		3,143,038

TOTAL ASSETS LESS CURRENT LIABILITIES			4,288,612		3,587,741

Creditors: Amounts Falling Due After More Than One Year	17		(370,223 )		(435,556 )

NET ASSETS			3,918,389		3,152,185

CAPITAL AND RESERVES
Called up share capital	19		100,000		100,000
Profit and Loss Account			3,818,389		3,052,185

SHAREHOLDERS' FUNDS			3,918,389		3,152,185

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Trans Global Projects Limited

Balance Sheet (continued)

As At 31 December 2025

On behalf of the board

A M Herbert Director	M R Jackson Director
28 July 2026

The notes on pages 13 to 21 form part of these financial statements.

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Trans Global Projects Limited

Statement of Changes in Equity

For The Year Ended 31 December 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 January 2024	100,000	2,737,678	2,837,678
Profit for the year and total comprehensive income	-	737,216	737,216

Dividends paid	-	(422,709)	(422,709)

As at 31 December 2024 and 1 January 2025	100,000	3,052,185	3,152,185


Profit for the year and total comprehensive income	-	1,004,575	1,004,575

Dividends paid	-	(238,371)	(238,371)

As at 31 December 2025	100,000	3,818,389	3,918,389

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Trans Global Projects Limited

Statement of Cash Flows

For The Year Ended 31 December 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	2,252,979	442,631
Interest paid		(11,308 )	(16,701 )
Tax paid		(397,393 )	(284,897 )

Net cash generated from operating activities		1,844,278	141,033

Cash flows from investing activities
Purchase of intangible assets		(1,650 )	(3,400 )
Purchase of tangible assets		(123,215 )	(11,593 )
Proceeds from disposal of tangible assets		493	-

Net cash used in investing activities		(124,372 )	(14,993 )

Cash flows from financing activities
Equity dividends paid		(238,371 )	(422,709 )
Proceeds from new other loans		-	102,419
Repayment of other loans		(167,752)	(65,333)
Amount withdrawn by directors		(89,101)	(66,080)

Net cash used in financing activities		(495,224 )	(451,703 )



Increase/(decrease) in cash and cash equivalents		1,224,682	(325,663 )
Cash and cash equivalents at beginning of year	2	417,185	742,848

Cash and cash equivalents at end of year	2	1,641,867	417,185

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Trans Global Projects Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 December 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	1,004,575	737,216
Adjustments for:
Tax on profit	315,562	261,302
Interest expense	11,308	16,701
Amortisation of intangible assets	11,096	24,697
Depreciation of tangible assets	24,024	10,979
Provisions of fixed asset investments	-	9,000
Movements in working capital:
(Increase)/decrease in trade and other debtors	(5,274,081 )	1,524,575
Increase/(decrease) in trade and other creditors	6,160,495	(2,141,839 )

Net cash generated from operations	2,252,979	442,631

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	1,641,867	417,185

3. Analysis of changes in net (debt)/funds

	As at 1 January 2025	Cash flows	As at 31 December 2025
	£	£	£
Cash at bank and in hand	417,185	1,224,682	1,641,867
Debts falling due within one year	(167,752 )	102,419	(65,333 )
Debts falling due after more than one year	(435,556)	65,333	(370,223)

	(186,123)	1,392,434	1,206,311

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Trans Global Projects Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Trans Global Projects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01807048 . The registered office is Suffolk House, Ground Floor (East), High Street, Sevenoaks, Kent, TN13 1XE.

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 "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 includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Income from freight forwarding is recognised on performance of the contract.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are computer software. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Furniture, fixtures and equipment	25% on cost
Computer Equipment	20% on cost

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Investments

Investments are measured at fair value with any changes in fair value recognised in the profit and loss account.

2.7. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.8. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Trans Global Projects Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.9. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.10. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.11. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

The company has established an employer financed retirement benefit scheme for the benefit of its officers, employees and their wider families, The Trans Global Projects Limited Employer Financed Retirement Benefit Scheme ("the Scheme").

In accordance with UITF 32 "Employer Benefit Trusts and other intermediate payment arrangements", the company does not include assets and liabilities of the Scheme on its Balance Sheet to the extent that it considers that it will not retain any future economic benefit from the assets of the Scheme and will not have control of the rights or other access to those future economic benefits.

2.12. Deferred costs

Costs associated with clearly defined projects, the outcome of which has been assessed with reasonable certainty as to their ultimate commercial viability, and where the aggregate related future revenue is reasonably expected to substantially exceed aggregate costs incurred to date, are carried forward to succeeding accounting periods.

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Trans Global Projects Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Turnover

No geographical analysis of turnover is given as, in the opinion of the directors, this information would be prejudicial to the interests of the company.

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Bad debts	32,053	24,671
Depreciation of tangible fixed assets	24,024	10,979
Amortisation of intangible fixed assets	11,096	24,697

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	20,000	21,000

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	2,558,577	1,943,652
Other pension costs	209,850	197,699

	2,768,427	2,141,351

7. Average Number of Employees

Average number of employees, including directors, during the year was: 34 (2024: 30)

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Trans Global Projects Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Directors' remuneration

	2025	2024
	£	£
Emoluments	126,858	126,858
Company contributions to money purchase pension schemes	88,711	78,084

	215,569	204,942

The number of directors to whom retirement benefits were accruing was as follows:

	2025		2024
Money purchase pension schemes	2		2

Information regarding the highest paid director was as follows:

	2025	2024
	£	£
Emoluments	60,000	60,000
Company contributions to money purchase pension schemes	56,911	49,148

	116,911	109,148

9. Interest Payable and Similar Charges

	2025	2024
	£	£
Other finance charges	11,308	16,701

10. Tax on Profit

The tax charge on the profit for the year was as follows:

	Tax Rate		2025	2024
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	315,562	261,302


Total tax charge for the period			315,562	261,302

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

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Trans Global Projects Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

	2025	2024
	£	£
Profit before tax	1,320,137	998,518

Tax on profit at 25% (UK standard rate)	330,034	249,629
Expenses not deductible for tax purposes	16,648	14,957
Capital allowances	(31,120 )	(3,284 )

Total tax charge for the period	315,562	261,302

11. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	167,136
Additions	1,650

As at 31 December 2025	168,786

Amortisation
As at 1 January 2025	138,146
Provided during the period	11,096

As at 31 December 2025	149,242

Net Book Value
As at 31 December 2025	19,544

As at 1 January 2025	28,990

12. Tangible Assets

	Furniture, fixtures and equipment	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	36,206	108,940	145,146
Additions	100,683	22,532	123,215
Disposals	(30,857 )	(19,311 )	(50,168 )

As at 31 December 2025	106,032	112,161	218,193

...CONTINUED

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Trans Global Projects Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Depreciation
As at 1 January 2025	31,158	89,275	120,433
Provided during the period	13,338	10,686	24,024
Disposals	(30,364 )	(19,311 )	(49,675 )

As at 31 December 2025	14,132	80,650	94,782

Net Book Value
As at 31 December 2025	91,900	31,511	123,411

As at 1 January 2025	5,048	19,665	24,713

13. Investment Property

	2025
	£
Fair Value
As at 1 January 2025 and 31 December 2025	380,000

14. Investments

	Listed
	£
Cost or Valuation
As at 1 January 2025	20,000

As at 31 December 2025	20,000

Provision
As at 1 January 2025	9,000

As at 31 December 2025	9,000

Net Book Value
As at 31 December 2025	11,000

As at 1 January 2025	11,000

15. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	4,783,172	2,870,098
Prepayments and accrued income	5,455,336	1,401,554

...CONTINUED

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Trans Global Projects Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Other debtors	4,994	867
VAT	69,913	117,672
Amounts owed by group undertakings	1,278,388	1,927,531

	11,591,803	6,317,722

16. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,481,005	1,630,501
Other loans	65,333	167,752
Corporation tax	179,562	261,393
Other taxes and social security	175,580	102,528
Accruals and deferred income	4,621,875	625,034
Directors' loan accounts	311,263	400,364
Amounts owed to group undertakings	644,395	404,297

	9,479,013	3,591,869

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

	2025	2024
	£	£
Other loans	370,223	435,556

18. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Other loans	65,333	167,752

	2025	2024
	£	£
Amounts falling due between one and five years:
Other loans	370,223	435,556

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Trans Global Projects Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

19. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
60,000 Ordinary A shares of £ 1.00 each	60,000	60,000
40,000 Ordinary B shares of £ 1.00 each	40,000	40,000

	100,000	100,000

20. Pension Commitments

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

During the year the charge to profit or loss in respect of defined contribution schemes was £209,850 (2024: £197,699).

21. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	238,371	422,709

22. Related Party Disclosures

As at the year end the directors were owed a total of £311,263 by the company (2024: £400,364).

23. Controlling Parties

The company is a wholly owned subsidiary of Trans Global Projects Group Limited, a company incorporated in the United Kingdom.

The ultimate parent company is Breezeline International Group Limited.

In the opinion of the Directors, there is no ultimate controlling party.

24. Secured debts

Lloyds Bank hold the first legal charge over the investment property.

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