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Company No: 13362480 (England and Wales)

TREBLLE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

TREBLLE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

TREBLLE LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
TREBLLE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Pratima Aiyagari
Darko Blazevic (Resigned 03 November 2023)
Vedran Cindric
REGISTERED OFFICE Mercer & Hole
21 Lombard Street
London
EC3V 9AH
England
United Kingdom
COMPANY NUMBER 13362480 (England and Wales)
CHARTERED ACCOUNTANTS Mercer & Hole LLP
Trinity Court
Church Street
Rickmansworth
Hertfordshire
WD3 1RT
TREBLLE LIMITED

BALANCE SHEET

As at 31 December 2023
TREBLLE LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023 31.12.2022
£ £
Fixed assets
Tangible assets 3 3,435 0
Investments 4 2,289 2,289
5,724 2,289
Current assets
Debtors 5 82,799 84,632
Cash at bank and in hand 6 5,072 28,804
87,871 113,436
Creditors: amounts falling due within one year 7 ( 143,484) ( 22,796)
Net current (liabilities)/assets (55,613) 90,640
Total assets less current liabilities (49,889) 92,929
Net (liabilities)/assets ( 49,889) 92,929
Capital and reserves
Called-up share capital 8 115 115
Share premium account 1,030,664 1,030,664
Other reserves 10 10
Profit and loss account ( 1,080,678 ) ( 937,860 )
Total shareholder's (deficit)/funds ( 49,889) 92,929

For the financial 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.

Directors' responsibilities:

The financial statements of Treblle Limited (registered number: 13362480) were approved and authorised for issue by the Board of Directors on 12 September 2024. They were signed on its behalf by:

Vedran Cindric
Director
TREBLLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
TREBLLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Treblle Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Mercer & Hole, 21 Lombard Street, London, EC3V 9AH, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company has plans to cease trading and the directors have resolved that they do not consider the company to be a going concern. The financial statements have therefore been prepared on a basis other than going concern. There have been no adjustments to the carrying value of the assets and liabilities as a result of the application of the basis other than going concern

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to 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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Year ended
31.12.2023
Period from
01.05.2022 to
31.12.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 3

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2023 0 0
Additions 4,122 4,122
At 31 December 2023 4,122 4,122
Accumulated depreciation
At 01 January 2023 0 0
Charge for the financial year 687 687
At 31 December 2023 687 687
Net book value
At 31 December 2023 3,435 3,435
At 31 December 2022 0 0

4. Fixed asset investments

31.12.2023 31.12.2022
£ £
Subsidiary undertakings 2,289 2,289

Investments in subsidiaries

31.12.2023
£
Cost
At 01 January 2023 2,289
At 31 December 2023 2,289
Carrying value at 31 December 2023 2,289
Carrying value at 31 December 2022 2,289

Details of the company's wholly owned subsidiary at 31 December 2023 is as follows:

Treblle d.o.o., a company registered in Croatia. Its registered office address is: Kuzminecka 10a 10000, Zagreb, Grad, Croatia.

5. Debtors

31.12.2023 31.12.2022
£ £
Trade debtors 1,734 1,850
Amounts owed by own subsidiaries 77,013 77,013
Other debtors 4,052 5,769
82,799 84,632

6. Cash and cash equivalents

31.12.2023 31.12.2022
£ £
Cash at bank and in hand 5,072 28,804

7. Creditors: amounts falling due within one year

31.12.2023 31.12.2022
£ £
Trade creditors 0 20,485
Amounts owed to Group undertakings 140,440 0
Other taxation and social security 433 0
Other creditors 2,611 2,311
143,484 22,796

8. Called-up share capital

31.12.2023 31.12.2022
£ £
Allotted, called-up and fully-paid
90,196 Ordinary Shares shares of £ 0.001 each 90 90
24,510 Series Seed preferred shares preference shares of £ 0.001 each 25 25
115 115

9. Related party transactions

Transactions with owners holding a participating interest in the entity

The company has taken advantage of the exemption available in the accounting standards where it has not disclosed transactions with any wholly owned subsidiary undertaking of the group.

10. Ultimate controlling party

Parent Company:

Treblle Inc. and its registered office is:
1209 Orange St. Corporation Trust Centre, Wilmington, Delaware, 19801, USA.