Acorah Software Products - Accounts Production 14.6.300 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09722055 Mr Pellegrino De Santis Mr Ferdinando Fusaro Blue Sky Natural Resources Ltd false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09722055 2022-12-31 09722055 2023-12-31 09722055 2023-01-01 2023-12-31 09722055 frs-core:CurrentFinancialInstruments 2023-12-31 09722055 frs-core:MotorVehicles 2023-12-31 09722055 frs-core:MotorVehicles 2022-12-31 09722055 frs-core:OtherResidualIntangibleAssets 2023-12-31 09722055 frs-core:OtherResidualIntangibleAssets 2022-12-31 09722055 frs-core:ShareCapital 2023-12-31 09722055 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09722055 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09722055 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09722055 frs-bus:SmallEntities 2023-01-01 2023-12-31 09722055 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09722055 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09722055 1 2023-01-01 2023-12-31 09722055 frs-bus:Director1 2023-01-01 2023-12-31 09722055 frs-bus:Director2 2023-01-01 2023-12-31 09722055 frs-countries:EnglandWales 2023-01-01 2023-12-31 09722055 2021-12-31 09722055 2022-12-31 09722055 2022-01-01 2022-12-31 09722055 frs-core:CurrentFinancialInstruments 2022-12-31 09722055 frs-core:ShareCapital 2022-12-31 09722055 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09722055
Universal Trade Elite Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09722055
2023 2022
Notes
FIXED ASSETS
Intangible Assets 4 21,013 21,013
21,013 21,013
CURRENT ASSETS
Debtors 6 2,081,320 2,081,320
Investments 7 148,380 148,380
2,229,700 2,229,700
Creditors: Amounts Falling Due Within One Year 8 (2,992,494 ) (2,992,494 )
NET CURRENT ASSETS (LIABILITIES) (762,794 ) (762,794 )
TOTAL ASSETS LESS CURRENT LIABILITIES (741,781 ) (741,781 )
NET LIABILITIES (741,781 ) (741,781 )
CAPITAL AND RESERVES
Called up share capital 9 10,001 10,001
Profit and Loss Account (751,782 ) (751,782 )
SHAREHOLDERS' FUNDS (741,781) (741,781)
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For the year ending 31 December 2023 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 Profit and Loss Account.
On behalf of the board
Mr Ferdinando Fusaro
Director
03/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Universal Trade Elite Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09722055 . The registered office is 19 The Circle, Queen Elizabeth Street, London, SE1 2JE.
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. Going Concern Disclosure
At the balance sheet date the company had net liabilities and is dependent on the continued support of the parent company. The parent company has confirmed their support and thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euro at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:  NIL (2022: NIL)
- -
4. Intangible Assets
Other
Cost
As at 1 January 2023 21,613
As at 31 December 2023 21,613
Amortisation
As at 1 January 2023 600
As at 31 December 2023 600
Net Book Value
As at 31 December 2023 21,013
As at 1 January 2023 21,013
5. Tangible Assets
Motor Vehicles
Cost
As at 1 January 2023 5,072
As at 31 December 2023 5,072
Depreciation
As at 1 January 2023 5,072
As at 31 December 2023 5,072
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
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6. Debtors
2023 2022
Due within one year
Trade debtors 1,333,399 1,333,399
Other debtors 399,887 399,887
VAT 98,034 98,034
Amounts due from related Party 250,000 250,000
2,081,320 2,081,320
7. Current Asset Investments
2023 2022
Short term deposits 148,380 148,380
Current assets investments include deposit payment to Finethica Ltd for subscription of crypto currency. 
8. Creditors: Amounts Falling Due Within One Year
2023 2022
Other creditors 435,172 435,172
Accruals and deferred income 10,000 10,000
Amounts owed to group undertakings 1,987,762 1,987,762
Amounts owed to related parties 559,560 559,560
2,992,494 2,992,494
Amounts owed to group undertaking consist of Eur 1,987,762 (2022 : EUR 1,987,762) equivalent to GBP 1,871,363(2022: GBP1,871,363) payable to Blue Sky Natural Resources Ltd.Amounts owed to related parties consists of Eur 177,992 (2022-Eur 177,992) equivalent to GBP153,046 (2022: GBP 153,046)payable to Blue Sky Natural Resources Ltd by UTE Swiss Branch, Eur 174,328 (2022: 174,328) equivalent to GBP149,895 (2022:149,895)payable to Blue Sky Natural Resources Ltd by UTE Italy Branch, Eur 66,630 (2022: Eur 66,630) payable to Blue sky swiss by UTE Itally and Eur 140,610 (2022: Eur140,610) payable to Blue Sky Swiss by UTE Swiss. 
9. Share Capital
2023 2022
Allotted, Called up and fully paid 10,001 10,001
10. Related Party Transactions
During the year company maintained a current account with Blue Sky Natural Resources Ltd, the parent company. As at the year end €1,987,762 (2022 €1,987,762) were payable by Universal Trade Elite Ltd to Blue Sky Natural Resources Ltd and included in Note 8 above. Also during the year company maintained a current account with related company Blue Sky Swisse SA, a company registered in Switzerland. As at the year end €250,000 (2022:€250,000) were payable by Blue Sky Swisse SA to Universal Trade Elite Ltd and included in Note 6 above. 
11. Controlling Party
The company's controlling party is Blue Sky Natural Resources Ltd by virtue of his ownership of 75% of the issued share capital in the company.
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