Registered number
07519354
GETWELL MEDIA LIMITED
Unaudited Filleted Accounts
29 February 2024
GETWELL MEDIA LIMITED
Registered number: 07519354
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 10,369 14,966
Investments held as current assets 5 44,252 53,561
Cash at bank and in hand 117,712 82,984
172,333 151,511
Creditors: amounts falling due within one year 6 (35,794) (42,399)
Net current assets 136,539 109,112
Total assets less current liabilities 136,539 109,112
Creditors: amounts falling due after more than one year 7 - (4,317)
Net assets 136,539 104,795
Capital and reserves
Called up share capital 100 100
Profit and loss account 136,439 104,695
Shareholder's funds 136,539 104,795
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J M Kinross
Director
Approved by the board on 13 November 2024
GETWELL MEDIA LIMITED
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents fees invoiced during the year.
Investments
Investments in LLP is stated at cost and share of any income is reflected in profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 1,372
Additions 16,099
At 29 February 2024 17,471
Depreciation
At 1 March 2023 1,372
Charge for the year 16,099
At 29 February 2024 17,471
Net book value
At 29 February 2024 -
4 Debtors 2024 2023
£ £
Trade debtors 10,369 14,966
5 Investments held as current assets 2024 2023
£ £
Unlisted investments in LLP 44,252 53,561
Unlisted investment is in LLP where company is a member and it represents equity and loan to LLP which has invested in underlying trading companies.
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,317 13,327
Taxation and social security costs 7,379 19,320
Other creditors 24,098 9,752
35,794 42,399
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 4,317
8 Controlling party
The ultimate controlling party is J M Kinross by virtue of his holding of 100% shares in the company.
9 Other information
GETWELL MEDIA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
159 Brondesbury Park
London
NW2 5JL
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