The Institute Of Travel Management

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 03484311

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		36
Tangible Assets	5		970		78

			970		114
CURRENT ASSETS
Debtors	6	317,757		368,053
Cash at bank and in hand		680,999		577,130

		998,756		945,183
Creditors: Amounts Falling Due Within One Year	7	(489,862 )		(436,983 )

NET CURRENT ASSETS (LIABILITIES)			508,894		508,200

TOTAL ASSETS LESS CURRENT LIABILITIES			509,864		508,314

NET ASSETS			509,864		508,314

Income and Expenditure Account			509,864		508,314

MEMBERS' FUNDS			509,864		508,314

Page 1

Page 2

The Institute Of Travel Management

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Ms Gemma King

Director

15 October 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

The Institute Of Travel Management is a private company, limited by guarantee, incorporated in England & Wales, registered number 03484311 . The registered office is Eastcastle House, 27-28 Eastcastle Street, London, W1W 8DH.

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 section 1A Small Entities "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 value-added taxes. Turnover includes revenue earned from the provision of services and is recognised at the point of invoice.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website development. It is amortised to income and expenditure 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:

Fixtures & Fittings	20% Straight line
Computer Equipment	33.33% Straight line

2.5. Financial Instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade debtors and creditors are classified as basic financial instruments and are recognised at transaction price less any impairment. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Other debtors and creditors are measured at amortised cost using the effective interest rate method.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received.

Page 3

Page 4

The Institute Of Travel Management

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. 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 surplus.

2.7. Taxation

The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised inother comprehensive income or directly in equity respectively.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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

Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually.

2.8. Pensions

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

Page 4

Page 5

The Institute Of Travel Management

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 8)

4. Intangible Assets

	Website development Costs
	£
Cost
As at 1 January 2025	193,396

As at 31 December 2025	193,396

Amortisation
As at 1 January 2025	193,360
Provided during the period	36

As at 31 December 2025	193,396

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	36

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	6,042	34,507	40,549
Additions	-	999	999

As at 31 December 2025	6,042	35,506	41,548

Depreciation
As at 1 January 2025	5,996	34,475	40,471
Provided during the period	46	61	107

As at 31 December 2025	6,042	34,536	40,578

Net Book Value
As at 31 December 2025	-	970	970

As at 1 January 2025	46	32	78

Page 5

Page 6

The Institute Of Travel Management

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	148,242	338,218
Other debtors	169,515	29,835

	317,757	368,053

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	113,746	39,889
Other creditors	330,304	343,672
Taxation and social security	45,812	53,422

	489,862	436,983

Page 6