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Registered number: 08217895
Tradermade Systems Ltd
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 08217895
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 6,814 7,040
6,814 7,040
CURRENT ASSETS
Debtors 6 30,672 49,536
Cash at bank and in hand 492,169 389,910
522,841 439,446
Creditors: Amounts Falling Due Within One Year 7 (946,622 ) (974,077 )
NET CURRENT ASSETS (LIABILITIES) (423,781 ) (534,631 )
TOTAL ASSETS LESS CURRENT LIABILITIES (416,967 ) (527,591 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,704 ) -
NET LIABILITIES (418,671 ) (527,591 )
CAPITAL AND RESERVES
Called up share capital 8 209,600 209,600
Profit and Loss Account (628,271 ) (737,191 )
SHAREHOLDERS' FUNDS (418,671) (527,591)
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.
The company registration number is 08217895.
The financial statements were approved by the board of directors on 25 March 2025 and were signed on its behalf by:
Mr Emil Assentato
Director
25/03/2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Tradermade Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08217895 . The registered office is Kingfisher House, Elmfield Road, Bromley, BR1 1LT.
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 discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover from the rendering of real-time charting and technical analysis solutions 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of business in 2013, has been amortised evenly over its etimated useful life of five 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 Straight line over 5 years
Computer Equipment Straight line over 3 years
2.5. Leasing and Hire Purchase Contracts
Rental paid under operating leases are charged to profit and loss on a straight line basis over the period of lease.
2.6. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and hereafter at fair value with changes recognised in profit and loss. 
2.7. 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 profit.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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 is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 2
Page 3
2.8. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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 in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. 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 (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.
2.11. Going concern
The financial statements have been prepared on a going concern basis, based on the assurance from the parent company of continued financial support.
3. Average Number of Employees
Average number of employees during the year was as follows: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 84,503
As at 31 March 2024 84,503
Amortisation
As at 1 April 2023 84,503
As at 31 March 2024 84,503
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
Page 3
Page 4
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 4,356 17,494 21,850
Additions - 871 871
As at 31 March 2024 4,356 18,365 22,721
Depreciation
As at 1 April 2023 908 13,902 14,810
Provided during the period 318 779 1,097
As at 31 March 2024 1,226 14,681 15,907
Net Book Value
As at 31 March 2024 3,130 3,684 6,814
As at 1 April 2023 3,448 3,592 7,040
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,901 20,714
Other debtors 14,771 28,822
30,672 49,536
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 37,128 37,129
Amounts owed to group undertakings 718,362 793,362
Other creditors 174,867 119,274
Taxation and social security 16,265 24,312
946,622 974,077
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 209,600 209,600
Page 4
Page 5
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 15,867 14,253
Later than one year and not later than five years 2,647 -
18,514 14,253
10. Ultimate Controlling Party
The company is controlled by E Assentato Esq.
The ultimate parent company is Currency Mountain Holidngs LLC
11. Audit Information
The auditor's report on the accounts of Tradermade Systems Ltd for the year ended 31 March 2024 was unqualified.
The auditor's report was signed by Raymond McDonagh FCA (Senior Statutory Auditor) for and on behalf of Crane & Partners , Statutory Auditor.
Crane & Partners
Chartered Accountants & Statutory Auditors
Leonard House
5-7 Newman Road
Bromley, Kent
BR1 1RJ
Page 5