Af Trade Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12566757

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		15,805		15,805

			15,805		15,805
CURRENT ASSETS
Debtors	5	43,739		7,999
Cash at bank and in hand		4,172		763

		47,911		8,762
Creditors: Amounts Falling Due Within One Year	6	(46,014 )		(5,373 )

NET CURRENT ASSETS (LIABILITIES)			1,897		3,389

TOTAL ASSETS LESS CURRENT LIABILITIES			17,702		19,194

Creditors: Amounts Falling Due After More Than One Year	7		(15,858 )		(15,858 )

NET ASSETS			1,844		3,336

CAPITAL AND RESERVES
Called up share capital	8		10		10
Profit and Loss Account			1,834		3,326

SHAREHOLDERS' FUNDS			1,844		3,336

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Af Trade Ltd

Balance Sheet (continued)

As At 30 April 2026

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Pietro Rocca

Director

08/10/2026

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

1. General Information

Af Trade Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12566757 . The registered office is Portman House, 2 Portman Street, London, W1H 6DU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

At 30 April 2026 the company had net assets of £1,844 and cash at bank of £4,172. Included within creditors falling due within one year is a loan of £43,561 from Comedil SA which fell due for repayment on 30 December 2025 and remained unpaid at the date of approval of these financial statements. The company's ability to settle that loan is dependent on the recovery of the £43,129 owed to it by Rocket Trading DOO, which was advanced out of the same funds and which also remains outstanding.

The director is in discussion with Comedil SA regarding the timing of repayment and considers the amount owed by Rocket Trading DOO to be recoverable. No formal agreement to defer repayment had been reached at the date of approval of these financial statements. The financial statements have been prepared on the going concern basis.

These conditions indicate the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern. The financial statements do not include any adjustments that would result if the company were unable to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: 1)

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Af Trade Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

4. Investments

	Unlisted
	£
Cost or Valuation
As at 1 May 2025	15,805

As at 30 April 2026	15,805

Provision
As at 1 May 2025	-

As at 30 April 2026	-

Net Book Value
As at 30 April 2026	15,805

As at 1 May 2025	15,805

5. Debtors

	2026	2025
	£	£
Due within one year
Amounts owed by participating interests	43,129	-
Other debtors	610	7,999

	43,739	7,999

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Other loans	43,561	-
Other creditors	2,453	5,260
Taxation and social security	-	113

	46,014	5,373

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Other creditors	15,858	15,858

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	10	10

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Af Trade Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

9. Related Party Transactions

During the year the company received a loan of €50,000 from Comedil SA a company under common control, oppure a company controlled by a person who is also a shareholder of the company, under an agreement dated 30 June 2025. The loan bears interest at 2% per annum and was repayable, together with interest of €500, on 30 December 2025. Interest of £433 was charged in the year. At 30 April 2026 the amount outstanding, including accrued interest, was £43,561 (2025: £nil) and remained unpaid.

The funds were advanced to Rocket Trading DOO, an undertaking in which the company holds a participating interest. The advance is interest free, is not covered by a written agreement and has no fixed terms of repayment. At 30 April 2026 the amount owed by Rocket Trading DOO was £43,129 (2025: £nil).

Included within creditors falling due after more than one year is £15,858 (2025: £15,858) owed to the shareholder. The loan is interest free and has no fixed terms of repayment.

AF Trade LTD owns 100% of both Rocket Trading DOO and Harmony Hospitality Group SA.

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