Silverfin false false 31/03/2025 01/04/2024 31/03/2025 S D Gordon 26/02/2019 M P Jacobs 08/04/2013 21 January 2026 The LLP recommenced trading during the year and its principal activity is the provision of operational support services to corporate clients including risk management and transaction reporting services. OC383087 2025-03-31 OC383087 bus:Director1 2025-03-31 OC383087 bus:Director2 2025-03-31 OC383087 core:CurrentFinancialInstruments 2025-03-31 OC383087 core:CurrentFinancialInstruments 2024-03-31 OC383087 2024-03-31 OC383087 core:Non-currentFinancialInstruments 2025-03-31 OC383087 core:Non-currentFinancialInstruments 2024-03-31 OC383087 2024-04-01 2025-03-31 OC383087 bus:FilletedAccounts 2024-04-01 2025-03-31 OC383087 bus:SmallEntities 2024-04-01 2025-03-31 OC383087 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC383087 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC383087 bus:Director1 2024-04-01 2025-03-31 OC383087 bus:Director2 2024-04-01 2025-03-31 OC383087 2023-04-01 2024-03-31 OC383087 core:CurrentFinancialInstruments 2024-04-01 2025-03-31 OC383087 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: OC383087 (England and Wales)

# METAVERSE TRADERS LLP

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

METAVERSE TRADERS LLP

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

METAVERSE TRADERS LLP

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
METAVERSE TRADERS LLP

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Current assets |  |  |  |
Debtors | 3 | 78,459 |  | 39,178
Cash at bank and in hand |  | 2,396 |  | 2,679
|  | 80,855 |  | 41,857
Creditors: amounts falling due within one year | 4 | ( 77,449) |  | ( 30,400)
Net current assets |  | 3,406 |  | 11,457
Total assets less current liabilities |  | 3,406 |  | 11,457
Creditors: amounts falling due after more than one year | 5 | ( 300) |  | ( 1,500)
Net assets attributable to members |  | 3,106 |  | 9,957
Represented by |  |  |  |
Loans and other debts due to members within one year |  |  |  |
Other amounts |  | 12,057 |  | 9,957
|  | 12,057 |  | 9,957
Members' other interests |  |  |  |
Other reserves |  | (8,951) |  | 0
|  | (8,951) |  | 0
|  | 3,106 |  | 9,957
Total members' interests |  |  |  |
Loans and other debts due to members | 8 | 12,057 |  | 9,957
Members' other interests |  | (8,951) |  | 0
|  | 3,106 |  | 9,957

Metaverse Traders LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

For the financial year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

- The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Metaverse Traders LLP (registered number: OC383087) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

M P Jacobs Designated member |

21 January 2026

METAVERSE TRADERS LLP

## RECONCILIATION OF MEMBERS' INTERESTS

For the financial year ended 31 March 2025
METAVERSE TRADERS LLP

## RECONCILIATION OF MEMBERS' INTERESTS (continued)

For the financial year ended 31 March 2025

| EQUITY Members' other interests | DEBT Loans and other debts due to members less any amounts due from members in debtors | Total members' interests
--- | --- | --- | ---
| Other reserves | Other amounts | Total
| £ | £ | £
Amounts due to members |  | 13,260 |
Balance at 01 April 2023 | 0 | 13,260 | 13,260
Members' remuneration charged as an expense, including employment and retirement benefit costs | 0 | (3,303) | (3,303)
Members' interest after result for the financial year | 0 | 9,957 | 9,957
Amounts due to members |  | 9,957 |
Balance at 31 March 2024 | 0 | 9,957 | 9,957
Loss for the financial year available for discretionary division among members | (8,951) | 0 | (8,951)
Members' interest after loss for the financial year | (8,951) | 9,957 | 1,006
Loans introduced by members | 0 | 2,100 | 2,100
Amounts due to members |  | 12,057 |
Balance at 31 March 2025 | (8,951) | 12,057 | 3,106

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

METAVERSE TRADERS LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
METAVERSE TRADERS LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Metaverse Traders LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2021).
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

##### Going concern

The LLP has recommenced trading during the year ended 31 March 2025 and made a loss for the year of £8,951 (2024: £3,303) and as at this date had net assets of £3,106 (2024:£9,957). The LLP is dependent on the support of its members who have confirmed that they will continue to provide this support to enable the LLP to pay expenses and to meet liabilities as they fall due. The Members expect the LLP to be profitable in the year ended 31 March 2026 and have therefore prepared accounts on a going concern basis.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

Financial assets
Basic financial assets, including other debtors and amounts due by related parties and members, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors, accruals and amounts owed to related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

##### Division of profits

Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members' remuneration charged as an expense in the profit and loss account.

##### Members' capital

Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the LLP during the year | 0 |  | 0

#### 3. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 78,459 |  | 39,178

#### 4. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,200 |  | 1,200
Trade creditors | 39,416 |  | 1,393
Accruals | 4,332 |  | 6,751
Other creditors | 32,501 |  | 21,056
| 77,449 |  | 30,400

The bank loan included in the above analysis is unsecured.

#### 5. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 300 |  | 1,500

The bank loan included in the above analysis is unsecured.

#### 6. Related party transactions

Included within debtors is an amount of £39,178 (2024: £39,178) owed by an entity controlled by designated members. This amount is interest free, unsecured and repayable on demand.
Included in other creditors are amounts owed to an entity controlled by the Members amounting to £10,589 (2024: £Nil). This consists of a loan of £10,000 from the entity and expenses paid on behalf of the LLP of £589. The loan is unsecured, interest-free and repayable on demand.

#### 7. Loans

Analysis of the maturity of bank loans is given below:

| 2025 |  | 2024
| £ |  | £
Amounts falling due within one year | 1,200 |  | 1,200
Amounts falling due 1-2 years | 300 |  | 1,500
Amounts falling due 2-5 years | 0 |  | 0
| 1,500 |  | 2,700

#### 8. Loans and other debts due to members

| 2025 |  | 2024
| £ |  | £
Other amounts due to members | 3,106 |  | 9,957

Loans and other debts due to members may be further analysed as follows:

| 2025 |  | 2024
| £ |  | £
Falling due within one year | 3,106 |  | 9,957

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.