Registered number
09815602
Tresarium Limited
Filleted Accounts
31 October 2023
Tresarium Limited
Registered number: 09815602
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Called up share capital not paid 125,000 125,000
Current assets
Debtors 3 214,555 214,555
Investments held as current assets 4 790,390 790,390
1,004,945 1,004,945
Creditors: amounts falling due within one year 5 (434,035) (1,006,505)
Net current assets/(liabilities) 570,910 (1,560)
Total assets less current liabilities 695,910 123,440
Creditors: amounts falling due after more than one year 6 (574,030) -
Net assets 121,880 123,440
Capital and reserves
Called up share capital 125,000 125,000
Profit and loss account (3,120) (1,560)
Shareholder's funds 121,880 123,440
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Rui Helder Da Silva Nobrega
Director
Approved by the board on 30 July 2024
Tresarium Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Other debtors 214,555 214,555
4 Investments held as current assets 2023 2022
£ £
Fair value
Unlisted investments 790,390 790,390
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 434,035 1,006,505
6 Creditors: amounts falling due after one year 2023 2022
£ £
Ryvyl EU EAD 574,030 -
7 Related party transactions
Included within other creditors is director's loan of £432,474 (2022 - £1,004,945)
8 Controlling party
Mr Rui Helder Da Solva Nobrega is the ultimate controlling party.
9 Other information
Tresarium Limited is a private company limited by shares and incorporated in England. Its registered office is:
c/o Deancoopers
Suite 4, Cranbrook House
6 Cranbrook Road
Ilford, Essex
IG1 4PG
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