ACCOUNTS - Final Accounts preparation

Registered number: 15371382

TRANCHED GLOBAL LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

TRANCHED GLOBAL LTD

REGISTERED NUMBER: 15371382

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

	2024
Note	£

Fixed assets
Tangible assets	4	1,021
Current assets
Debtors: amounts falling due within one year	5	14,818
Cash at bank and in hand	6	1,937,457
		1,952,275
Creditors: amounts falling due within one year	7	(8,514)
Net current assets		1,943,761

Net assets		1,944,782

Capital and reserves
Called up share capital	8	1
Share premium account	9	1,595,644
Other reserves	9	1,091,200
Profit and loss account	9	(742,063)
		1,944,782

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TRANCHED GLOBAL LTD

REGISTERED NUMBER: 15371382

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 June 2025.

C L Larrue

Director

The notes on pages 3 to 6 form part of these financial statements.

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TRANCHED GLOBAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Tranched Global Ltd is a private limited company incororated and registered in England and Wales. Its registered office is 71-75 Shelton Street, London, England, WC2H 9JQ, which is also the principal place of business.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency 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 profit or loss 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 profit or loss within 'other operating income'.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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TRANCHED GLOBAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price.

3.	Employees
	The average monthly number of employees, including directors, during the year was 3.

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TRANCHED GLOBAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	Additions	1,524
	At 31 December 2024	1,524
	Depreciation
	Charge for the period	503
	At 31 December 2024	503
	Net book value
	At 31 December 2024	1,021

Debtors

					2024
					£


	Other debtors	14,818

6.	Cash and cash equivalents
		2024
		£

	Cash at bank and in hand	1,937,457

7.	Creditors: amounts falling due within one year
		2024
		£

	Other taxation and social security	6,354
	Other creditors	2,160
		8,514

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TRANCHED GLOBAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

8.	Share capital
		2024
		£

		Allotted, called up and fully paid

		100,000 Ordinary shares of £0.000010 each	1.00
		34,305 Series seed preferred ordinary shares of £0.000008 each	0.27

			1.27

On 27 December 2023 100,000 Ordinary shares with a nominal value of £0.00001 were issued.
During the period ended 31 December 2024, 34,305 additional ordinary shares were allotted and paid at a premium. The nominal value of these shares is $0.34305 (£0.27).
A further £1,091,200 is expected to be issued at a later date, this has been included within other reserves.

Reserves

Share premium account

The share premium account includes any premiums received on the issue of share capital. Any
transaction costs associated with the issuing shares are deducted from share premium.

Other reserves

Other reserves consist of payments made in accordance with advance subscription agreements totalling £1,091,200 for shares to be issued at a later date.

Profit and loss account

Includes all accumulated profits and losses less dividends paid.

10.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £15,521. Contributions totalling £257 were payable to the fund at the reporting date.

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