Company No:
Contents
DIRECTORS | Ismat Levin |
Edward Mark Readman (Appointed 13 May 2024) | |
Paul Dana Segre |
REGISTERED OFFICE | 51 Clivemont Road |
Maidenhead | |
SL6 7BZ | |
United Kingdom |
COMPANY NUMBER | 08466031 (England and Wales) |
ACCOUNTANT | Gravita Essex Limited |
Treviot House | |
186-192 High Road | |
Ilford | |
Essex | |
IG1 1LR | |
United Kingdom |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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1 | 1 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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260,750 | 395,951 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (1,550,740) | (897,438) | ||
Total assets less current liabilities | (1,550,739) | (897,437) | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital |
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Share premium account |
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Other reserves |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Utelly Limited (registered number:
Paul Dana Segre
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Utelly Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 51 Clivemont Road, Maidenhead, SL6 7BZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Preparation of Consolidated financial statements
The financial statements contain information about Utelly Limited as an individual company and do not contain consolidated financial information as a subsidiary of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
The balance sheet at the end of the year recorded net liabilities. However, the company has sufficient financial resources from the holding company to enable it to continue trading for the foreseeable future. Therefore, the financial statements have been prepared on the going concern basis.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Investments in subsidiaries
2024 | |
£ | |
Cost | |
At 01 July 2023 |
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At 30 June 2024 |
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Carrying value at 30 June 2024 |
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Carrying value at 30 June 2023 |
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2024 | 2023 | ||
£ | £ | ||
Trade debtors |
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Amounts owed by Group undertakings |
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Trade creditors |
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Amounts owed to Group undertakings |
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Other creditors |
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For the year ending 30/06/2024 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies. - the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; - the director acknowledges responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
Since 25 May 2022, the immediate parent company has been Synamedia Holdings Limited, and the ultimate controlling party has been Permira VI Funds, a private equity investors.
Triton UK Midco Limited, registered at 51 Clivemont Road, Cordwallis Estate, Maidenhead, England, SL6 7BZ is the parent of the smallest and largest group in which Company's financial statements are consolidated.