ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 December 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 14612150

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	CARTAN TRADE UK LIMITED


CARTAN TRADE UK LIMITED

COMPANY INFORMATION

Director	M Wells


Registered number	14612150


Registered office	128 City Road
	London
	United Kingdom
	EC1V 2NX


Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


CARTAN TRADE UK LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 5


CARTAN TRADE UK LIMITED REGISTERED NUMBER:14612150

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	841,137		3,062
Cash at bank and in hand		959,505		-
		1,800,642		3,062
Creditors: amounts falling due within one year	5	(3,492,366)		(281,608)
Net current liabilities			(1,691,724)		(278,546)
Total assets less current liabilities			(1,691,724)		(278,546)

Net liabilities			(1,691,724)		(278,546)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(1,691,725)	(278,547)
	(1,691,724)	(278,546)

Page 1


CARTAN TRADE UK LIMITED REGISTERED NUMBER:14612150

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 income and retained earnings 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 by:

M Wells

Director

Date: 11 September 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


CARTAN TRADE UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Cartan Trade UK Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number and registered office address are shown on the company information page. The company has no principal place of business.
This prior accounting period is shorter than a year due to it being the first set of accounts produced by the entity and as such these financial statements are not comparable.

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

Going concern

The financial statements of the company have been prepared on the basis of the going concern assumption.
At the balance sheet date of 31 December 2024 the company shows a deficiency of total assets over total liabilities of £1,691,724 (2023: £278,546).
Cartan Trade France SAS, as the shareholder, aims to maintain a capital structure that enables its subsidiaries to achieve their strategic objectives and daily operational needs, to safeguard the ability to continue as a going concern and to meet current obligations.
Cartan Trade France SAS has confirmed that it will provide its subsidiaries with financial support to ensure the continuity of its business activities for a period of at least 12 months after the annual accounts have been drawn up.
Management trusts that based upon the liquidity scenarios prepared, the capital structure, and the financial performance, the company is able to continue on a going concern basis.

2.3

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.

Page 3


CARTAN TRADE UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is generated via offering credit insurance and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.5

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.

2.6

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 2).

Debtors

					2024	2023
					£	£


Other debtors	835,897	-
Prepayments and accrued income	5,240	3,062
	841,137	3,062

Page 4


CARTAN TRADE UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	22,192	16,709
Amounts owed to group undertakings	3,262,306	241,220
Other taxation and social security	8,340	14,913
Accruals and deferred income	199,528	8,766
	3,492,366	281,608

	Not later than 1 year	-	8,000
		-	8,000

Page 5