Contemi Trading Solutions (London) Ltd 15079748 false 2023-08-17 2024-12-31 2024-12-31 The principal activity of the company is IT consultancy Digita Accounts Production Advanced 6.30.9574.0 true false true 15079748 2023-08-17 2024-12-31 15079748 2024-12-31 15079748 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-12-31 15079748 core:CurrentFinancialInstruments 2024-12-31 15079748 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 15079748 bus:SmallEntities 2023-08-17 2024-12-31 15079748 bus:Audited 2023-08-17 2024-12-31 15079748 bus:FilletedAccounts 2023-08-17 2024-12-31 15079748 bus:SmallCompaniesRegimeForAccounts 2023-08-17 2024-12-31 15079748 bus:RegisteredOffice 2023-08-17 2024-12-31 15079748 bus:Director1 2023-08-17 2024-12-31 15079748 bus:Director2 2023-08-17 2024-12-31 15079748 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-08-17 2024-12-31 15079748 bus:PrivateLimitedCompanyLtd 2023-08-17 2024-12-31 15079748 1 2023-08-17 2024-12-31 15079748 countries:AllCountries 2023-08-17 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15079748

Contemi Trading Solutions (London) Ltd

Filleted Financial Statements

for the Period from 17 August 2023 to 31 December 2024

 

Contemi Trading Solutions (London) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

Contemi Trading Solutions (London) Ltd

Company Information

Directors

Mr G Subramanium

Mr A J Barker

Registered office

Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Auditors

Wenn Townsend
Chartered Accountants & Statutory Auditors
30 St Giles'
Oxford
OX1 3LE

 

Contemi Trading Solutions (London) Ltd

(Registration number: 15079748)
Balance Sheet as at 31 December 2024

Note

2024
£

Current assets

 

Debtors

4

277,986

Cash at bank and in hand

 

385,048

 

663,034

Creditors: Amounts falling due within one year

5

(559,567)

Net assets

 

103,467

Capital and reserves

 

Called up share capital

6

100,100

Retained earnings

3,367

Shareholders' funds

 

103,467

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 May 2025 and signed on its behalf by:
 

Mr G Subramanium
Director

Mr A J Barker
Director

 
     
 

Contemi Trading Solutions (London) Ltd

Notes to the Financial Statements for the Period from 17 August 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company and group have adequate resources to continue in operational existence for the foreseeable future.

Audit report

The Independent Auditor's Report was unqualified . The name of the Senior Statutory Auditor who signed the audit report on 16 May 2025 was Lee Baker FCA, who signed for and on behalf of Wenn Townsend.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Contemi Trading Solutions (London) Ltd

Notes to the Financial Statements for the Period from 17 August 2023 to 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Debtors

Note

2024
£

Trade debtors

 

2,268

Amounts owed by related parties

7

181,620

Prepayments

 

94,098

 

277,986

 

Contemi Trading Solutions (London) Ltd

Notes to the Financial Statements for the Period from 17 August 2023 to 31 December 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Trade creditors

 

55,642

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

10,106

Taxation and social security

 

7,177

Accruals and deferred income

 

485,780

Other creditors

 

862

 

559,567

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

100,100

100,100

   

Share capital of 100 Ordinary shares were issued on incorporation at par. A further 100,000 shares were allotted on 29 November 2023 at par.

7

Related party transactions

At the period end the following amounts were due from / ( to) related parties:-

Contemi UK Limited (£9)
Contemi Solutions Pte. Ltd (£4,637)
Contemi Trading Solutions India Pvt. Ltd (£2,692)
3P Contemi Holdings Pte. Ltd (£2,768)
Contemi Trading Solutions Pte. Ltd £181,620

8

Parent and ultimate parent undertaking

The company's immediate parent is Contemi Trading Solutions Pte Ltd, incorporated in Singapore.

 The ultimate parent is Triple P Insurance Holding Pte Ltd, incorporated in Singapore.