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Company Registration No. 09571212 (England and Wales)
CONFLUENCE TRADING AND INVESTMENT LTD Unaudited accounts for the year ended 30 November 2024
CONFLUENCE TRADING AND INVESTMENT LTD Unaudited accounts Contents
Page
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CONFLUENCE TRADING AND INVESTMENT LTD Company Information for the year ended 30 November 2024
Directors
Mr Kailasanathan Viswanathan Mrs Suganya Venkatachalam
Company Number
09571212 (England and Wales)
Registered Office
9, Appletree Way, Welwyn Garden City Hertfordshire AL7 2FE England
Accountants
Schiavi Pole Brett Ltd 15A Walm Lane London NW2 5SJ
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CONFLUENCE TRADING AND INVESTMENT LTD Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,147 
- 
Investments
3,528 
2,051 
5,675 
2,051 
Current assets
Debtors
10,505 
3,150 
Cash at bank and in hand
5,366 
3,944 
15,871 
7,094 
Creditors: amounts falling due within one year
(39,561)
(98,518)
Net current liabilities
(23,690)
(91,424)
Net liabilities
(18,015)
(89,373)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(18,115)
(89,473)
Shareholders' funds
(18,015)
(89,373)
For the year ending 30 November 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by
Mr Kailasanathan Viswanathan Director Company Registration No. 09571212
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CONFLUENCE TRADING AND INVESTMENT LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
CONFLUENCE TRADING AND INVESTMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 09571212. The registered office is 9, Appletree Way,, Welwyn Garden City, Hertfordshire, AL7 2FE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
The turnover shown in the profit and loss account represents revenue earned, exclusive of VAT.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% on cost using the straight line method.
Fixtures & fittings
33.33% on cost using the straight line method.
Investments
Investments in shares and Cripto Assets are included at fair value.
Going concern
The financial statements have been prepared on a going concern basis due to the continued support of its directors and shareholders.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2023
- 
Additions
2,208 
At 30 November 2024
2,208 
Depreciation
Charge for the year
61 
At 30 November 2024
61 
Net book value
At 30 November 2024
2,147 
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CONFLUENCE TRADING AND INVESTMENT LTD Notes to the Accounts for the year ended 30 November 2024
5
Investments
Other investments 
£ 
Valuation at 1 December 2023
2,051 
Additions
1,477 
Valuation at 30 November 2024
3,528 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,876 
3,150 
Other debtors
629 
- 
10,505 
3,150 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
19,539 
14,470 
Loans from directors
20,022 
84,048 
39,561 
98,518 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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