Company Registration No. 09820485 (England and Wales)
METHERA GLOBAL COMMUNICATIONS LIMITED
Unaudited accounts
for the year ended 30 September 2023
METHERA GLOBAL COMMUNICATIONS LIMITED
Unaudited accounts
Contents
METHERA GLOBAL COMMUNICATIONS LIMITED
Company Information
for the year ended 30 September 2023
Directors
Mr A. Bradford
Mr S. Brooker
Mr B. Forster
Mr D. Gilmore
Mr C. Mcintosh
Dame S. Owen
Dr. D Robson
Secretary
Fieldfisher Secretaries Limited
Company Number
09820485 (England and Wales)
Registered Office
C/O FIELDFISHER RIVERBANK HOUSE
2 SWAN LANE
LONDON
EC4R 3TT
UNITED KINGDOM
Accountants
SQK Accountancy Limited
Use.Space
Paddock St
Manchester
North West England
M12 6PN
METHERA GLOBAL COMMUNICATIONS LIMITED
Accountants' report
Accountants' report to the board of directors of METHERA GLOBAL COMMUNICATIONS LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
METHERA GLOBAL COMMUNICATIONS LIMITED for the year ended
30 September 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of METHERA GLOBAL COMMUNICATIONS LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of METHERA GLOBAL COMMUNICATIONS LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than METHERA GLOBAL COMMUNICATIONS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that METHERA GLOBAL COMMUNICATIONS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of METHERA GLOBAL COMMUNICATIONS LIMITED. You consider that METHERA GLOBAL COMMUNICATIONS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of METHERA GLOBAL COMMUNICATIONS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SQK Accountancy Limited
Use.Space
Paddock St
Manchester
North West England
M12 6PN
4 February 2024
METHERA GLOBAL COMMUNICATIONS LIMITED
Statement of financial position
as at 30 September 2023
Cash at bank and in hand
16,748
16,296
Creditors: amounts falling due within one year
(265,998)
(1,232,135)
Net current liabilities
(190,164)
(650,662)
Net liabilities
(188,910)
(650,447)
Called up share capital
1,106
388
Share premium
1,259,574
744,846
Profit and loss account
(1,449,590)
(1,395,681)
Shareholders' funds
(188,910)
(650,447)
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2024 and were signed on its behalf by
Mr C. Mcintosh
Director
Company Registration No. 09820485
METHERA GLOBAL COMMUNICATIONS LIMITED
Notes to the Accounts
for the year ended 30 September 2023
METHERA GLOBAL COMMUNICATIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09820485. The registered office is C/O FIELDFISHER RIVERBANK HOUSE, 2 SWAN LANE, LONDON, EC4R 3TT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straight Line Depreciation
4
Tangible fixed assets
Plant & machinery
At 30 September 2023
14,864
At 30 September 2023
13,610
At 30 September 2023
1,254
METHERA GLOBAL COMMUNICATIONS LIMITED
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
Accrued income and prepayments
-
503,109
Other debtors
44,941
53,759
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,324
16,964
Other creditors
63,453
299,958
Loans from directors
100,816
108,198
Deferred income
22,858
807,015
Other Creditors falling due within one year includes the £250,000 Future Fund loan due for conversion in Dec-2022.
Deferred Income falling due within one year relates to a single milestone payment due October 2022.
7
Average number of employees
During the year the average number of employees was 10 (2022: 10).