Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13160507 Mr Babak Faramarzian Mr Sam Foroozesh Mr Kristian Lundgaard Mela Goodwille Limited Online Media Sweden AB 37 Birger Jarlsgatan, Stockholm, 111 45 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13160507 2023-12-31 13160507 2024-12-31 13160507 2024-01-01 2024-12-31 13160507 frs-core:CurrentFinancialInstruments 2024-12-31 13160507 frs-core:ShareCapital 2024-12-31 13160507 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13160507 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13160507 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13160507 frs-bus:SmallEntities 2024-01-01 2024-12-31 13160507 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13160507 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13160507 1 2024-01-01 2024-12-31 13160507 frs-bus:Director1 2024-01-01 2024-12-31 13160507 frs-bus:Director2 2024-01-01 2024-12-31 13160507 frs-bus:Director3 2024-01-01 2024-12-31 13160507 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 13160507 frs-countries:EnglandWales 2024-01-01 2024-12-31 13160507 2022-12-31 13160507 2023-12-31 13160507 2023-01-01 2023-12-31 13160507 frs-core:CurrentFinancialInstruments 2023-12-31 13160507 frs-core:ShareCapital 2023-12-31 13160507 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13160507
Cure Media Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Goodwille Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13160507
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 204 -
Cash at bank and in hand 8,947 10,345
9,151 10,345
Creditors: Amounts Falling Due Within One Year 5 (1,200 ) (1,523 )
NET CURRENT ASSETS (LIABILITIES) 7,951 8,822
TOTAL ASSETS LESS CURRENT LIABILITIES 7,951 8,822
NET ASSETS 7,951 8,822
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 7,851 8,722
SHAREHOLDERS' FUNDS 7,951 8,822
For the year ending 31 December 2024 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.
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 Babak Faramarzian
Director
25/02/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Cure Media Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13160507 . The registered office is 1 Chapel Street, Warwick, CV34 4HL.
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
Though the Company is operating at a loss, the Directors have a reasonable expectation that the Company will continue to have access to adequate resources to continue in operational existence for the foreseeable future.  Thus, the Directors continue to adopt the going concern basis in preparing the annual financial statements
2.3. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
2.4. Debtors
Basic financial assets, including trade and other debtors, 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, less any impairment.
2.5. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.6. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from 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 payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
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 the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
2.7. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2023: 1)
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4. Debtors
2024 2023
£ £
Due within one year
Corporation tax recoverable assets 204 -
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 323
Accruals and deferred income - 1,200
Amounts owed to group undertakings 1,200 -
1,200 1,523
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Dividends
No dividends were proposed or paid during the current or prior year. 
8. Related Party Transactions
The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Online Media Sweden AB , incorporated in Sweden. Copies of the group accounts may be obtained from the secretary, 37 Birger Jarlsgatan, Stockholm, 111 45 . The ultimate controlling party is Online Media Sweden AB who controls 100% of the shares of Cure Media Ltd .
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