REGISTERED NUMBER: 07850052 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TRADING ATELIER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P A Acien Sanchez

Tradeland Group Bv

REGISTERED OFFICE:

34a High Street

Wimbledon

London

SW19 5BY

REGISTERED NUMBER:

07850052 (England and Wales)

SENIOR STATUTORY AUDITOR:

Christian Morris BSc ACA

AUDITORS:

Wyatt Morris Golland Ltd

Statutory Auditors

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

CURRENT ASSETS

Debtors

5

7,349,822

3,126,101

Cash at bank

1,208,074

40,196

8,557,896

3,166,297

CREDITORS

Amounts falling due within one year

6

9,010,297

3,615,400

NET CURRENT LIABILITIES

(452,401

)

(449,103

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(452,401

)

(449,103

)

CAPITAL AND RESERVES

Called up share capital

1

1

Foreign exchange reserve

(28,161

)

(29,104

)

Retained earnings

(424,241

)

(420,000

)

(452,401

)

(449,103

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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:

P A Acien Sanchez - Director

1.	STATUTORY INFORMATION

Trading Atelier Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the process of applying the entity's accounting policies management have not made any judgements that would have a significant effect on the amounts recognised in the financial statements. No estimations have been made that would have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of the revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Functional and presentation currency

The Company's functional currency is USD. This differs from the presentational currency which is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'.

Going concern

At the year end the Company Balance Sheet showed a net liability position amounting to £452,401 (2023: £449,103) and incurred a loss for the year ended 31 December 2024 of £4,241 (2023:£13,885).

The directors have prepared these financial statements on the going concern basis. At the time of approving these financial statements and in coming to this conclusion, the directors have assessed current trade and expected future performance and support for the Company. The Company is reliant upon ongoing support from its parent company who has confirmed financial support for at least twelve months from the date of approval of these financial statements. Therefore the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

2,174

DEPRECIATION

At 1 January 2024

and 31 December 2024

2,174

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

54,369

23,114

Amounts owed by group undertakings

7,208,990

2,956,382

Other debtors

2,030

1,998

VAT

5,443

6,198

Prepayments and accrued income

78,990

138,409

7,349,822

3,126,101

As at 31 December 2024, the Company was owed £7,208,990 (2023: £2,956,382) from group undertakings. The balance is interest free and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

8,204,343

2,489,089

Social security and other taxes

4,591

1,720

Other creditors

31,341

18,445

Amounts owed to group undertakings

770,022

1,106,146

9,010,297

3,615,400

As at 31 December 2024, the Company owed £770,022 (2023: £1,106,146) to group undertakings all of which is related to trade payables (2023: £1,085,443). The non-trade balances in 2023 were interest bearing. Interest has been charged in the year of £Nil (2023: £21,158).

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christian Morris BSc ACA (Senior Statutory Auditor)

for and on behalf of Wyatt Morris Golland Ltd

8.	RELATED PARTY DISCLOSURES

The Company has taken advantage of the exemption with FRS 102 33.1A, not to disclose transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Tradeland Group Bv.

The immediate and ultimate parent company is Tradeland Group BV by virtue of their controlling interest in the share capital of the Company. This is a private company whose address is Saturnusstraat 46-62, 2132 HB Hoofddorp, The Netherlands.

The smallest and largest group into which the Company's results are consolidated are the financial statements of Tradeland Group BV, which are are available at https://www.kvk.nl/bestellen. In the opinion of the directors there is no ultimate controlling party.