Silverfin false false 31/12/2023 01/01/2023 31/12/2023 J A Hindley 25/04/2024 01/09/2020 A M Hook 01/04/2024 N A Hook 01/03/2021 24 September 2024 The principal activity of the Company during the financial period was the provision of artificial intelligence solutions. 12851382 2023-12-31 12851382 bus:Director1 2023-12-31 12851382 bus:Director2 2023-12-31 12851382 bus:Director3 2023-12-31 12851382 2022-12-31 12851382 core:CurrentFinancialInstruments 2023-12-31 12851382 core:CurrentFinancialInstruments 2022-12-31 12851382 core:ShareCapital 2023-12-31 12851382 core:ShareCapital 2022-12-31 12851382 core:RetainedEarningsAccumulatedLosses 2023-12-31 12851382 core:RetainedEarningsAccumulatedLosses 2022-12-31 12851382 core:ComputerEquipment 2022-12-31 12851382 core:ComputerEquipment 2023-12-31 12851382 core:ImmediateParent core:CurrentFinancialInstruments 2023-12-31 12851382 core:ImmediateParent core:CurrentFinancialInstruments 2022-12-31 12851382 2023-01-01 2023-12-31 12851382 bus:FilletedAccounts 2023-01-01 2023-12-31 12851382 bus:SmallEntities 2023-01-01 2023-12-31 12851382 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12851382 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12851382 bus:Director1 2023-01-01 2023-12-31 12851382 bus:Director2 2023-01-01 2023-12-31 12851382 bus:Director3 2023-01-01 2023-12-31 12851382 core:ComputerEquipment core:TopRangeValue 2023-01-01 2023-12-31 12851382 2021-10-01 2022-12-31 12851382 core:ComputerEquipment 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 12851382 (England and Wales)

TRADESUN LIMITED

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

TRADESUN LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

TRADESUN LIMITED

BALANCE SHEET

As at 31 December 2023
TRADESUN LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023 31.12.2022
£ £
Fixed assets
Tangible assets 3 884 0
884 0
Current assets
Debtors 4 918,453 302,717
Cash at bank and in hand 6,657 85,836
925,110 388,553
Creditors: amounts falling due within one year 5 ( 1,038,851) ( 455,438)
Net current liabilities (113,741) (66,885)
Total assets less current liabilities (112,857) (66,885)
Net liabilities ( 112,857) ( 66,885)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 112,957 ) ( 66,985 )
Total shareholder's deficit ( 112,857) ( 66,885)

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 Tradesun Limited (registered number: 12851382) were approved and authorised for issue by the Board of Directors on 24 September 2024. They were signed on its behalf by:

N A Hook
Director
TRADESUN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
TRADESUN 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

Tradesun 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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Addiscott Farm, Addiscott, South Tawton, Devon, EX20 2RE.

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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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.

Turnover

Turnover is stated inclusive of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

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, reducing balance] basis over its expected useful life, as follows:

Computer equipment 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.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Year ended
31.12.2023
Period from
01.10.2021 to
31.12.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 3

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 January 2023 0 0
Additions 1,133 1,133
At 31 December 2023 1,133 1,133
Accumulated depreciation
At 01 January 2023 0 0
Charge for the financial year 249 249
At 31 December 2023 249 249
Net book value
At 31 December 2023 884 884
At 31 December 2022 0 0

4. Debtors

31.12.2023 31.12.2022
£ £
Trade debtors 7,750 0
Amounts owed by Parent undertakings 886,579 301,416
Other debtors 24,124 1,301
918,453 302,717

5. Creditors: amounts falling due within one year

31.12.2023 31.12.2022
£ £
Bank loans 13,583 10,468
Trade creditors 903,181 394,652
Other taxation and social security 27,676 9,517
Other creditors 94,411 40,801
1,038,851 455,438

6. Ultimate controlling party

Parent Company:

Tradesun Inc
2196 Carmel Valley Road
Del Mar
CA 92014
United States