SETEM LTD

Company Registration Number:
13802776 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

SETEM LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

SETEM LTD

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 11,926 14,160
Total fixed assets: 11,926 14,160
Current assets
Stocks: 2,816 5,825
Debtors:   17,411 656,836
Cash at bank and in hand: 4,135,053 662,599
Total current assets: 4,155,280 1,325,260
Creditors: amounts falling due within one year: 4 (972,060) (577,109)
Net current assets (liabilities): 3,183,220 748,151
Total assets less current liabilities: 3,195,146 762,311
Creditors: amounts falling due after more than one year: 5 (614,013) (196,984)
Provision for liabilities: (685) (3,540)
Total net assets (liabilities): 2,580,448 561,787
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,580,348 561,687
Shareholders funds: 2,580,448 561,787

The notes form part of these financial statements

SETEM LTD

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 January 2025
and signed on behalf of the board by:

Name: Michael Armitage
Status: Director

The notes form part of these financial statements

SETEM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SETEM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

SETEM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 18,880
Additions 3,315
At 30 November 2023 22,195
Depreciation
At 01 December 2022 4,720
Charge for year 5,549
At 30 November 2023 10,269
Net book value
At 30 November 2023 11,926
At 30 November 2022 14,160

SETEM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

Trade creditors £2760 Corporation tax £887932 VAT £70187 Accruals £9006 Other creditors £2175 Total £972060

SETEM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

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

Director's loan account £598840 VAT £2982 Corporation tax £12191 Total £614013

SETEM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Related party transactions

Name of the related party: Galuh Sukardi
Relationship:
Wife of the director
Description of the Transaction: The transactions were rent and services for the Bali Studio of £72000
£
Balance at 01 December 2022 0
Balance at 30 November 2023 0
Name of the related party: John Stuart Armitage
Relationship:
Father of the director
Description of the Transaction: The transaction was a dividend of £1,000,000 paid to the shareholders of Setem Ltd, Setem Studio Ltd, one of the two shareholders is John Stuart Armitage. Therefore £500000 was paid to John Stuart Armitage.
£
Balance at 01 December 2022 0
Balance at 30 November 2023 0
Name of the related party: Michael Armitage
Relationship:
Director
Description of the Transaction: The transaction was a dividend of £1,000,000 paid to the shareholders of Setem Ltd, Setem Studio Ltd, one of whose two shareholders was Michael Armitage. Therefore £500,000 was paid to Michael Armitage.
£
Balance at 01 December 2022 0
Balance at 30 November 2023 0