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Company registration number: 04366294
Vemotion Limited
Unaudited filleted financial statements
30 September 2024
THE BARKER PARTNERSHIP
Chartered Accountants
Thirsk
Vemotion Limited
Contents
Directors and other information
Accountants report
Balance sheet
Notes to the financial statements
Vemotion Limited
Directors and other information
Directors Mr S R Haworth
Company number 04366294
Registered office Unit 5, The Hawk Creative Business Park
The Hawkhills Estate
Easingwold
York
YO61 3FE
Accountants The Barker Partnership
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
Vemotion Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Vemotion Limited
Year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Vemotion Limited for the year ended 30 September 2024 which comprise the Balance Sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Vemotion Limited, as a body, in accordance with the terms of our engagement letter dated 9 May 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Vemotion Limited and state those matters that we have agreed to state to the board of directors of Vemotion Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vemotion Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Vemotion Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Vemotion Limited. You consider that Vemotion 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 financial statements of Vemotion 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 financial statements.
The Barker Partnership
Chartered Accountants
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
12 March 2025
Vemotion Limited
Balance sheet
30 September 2024
2024 2023
Note £ £ £ £
Intangible assets 4 - -
Current assets
Debtors 5 234 234
_______ _______
234 234
Creditors: amounts falling due
within one year 6 ( 1,167,560) ( 1,167,560)
_______ _______
Net current liabilities ( 1,167,326) ( 1,167,326)
_______ _______
Total assets less current liabilities ( 1,167,326) ( 1,167,326)
_______ _______
Net liabilities ( 1,167,326) ( 1,167,326)
_______ _______
Capital and reserves
Called up share capital 100,334 100,334
Profit and loss account ( 1,267,660) ( 1,267,660)
_______ _______
Shareholders deficit ( 1,167,326) ( 1,167,326)
_______ _______
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 March 2025 , and are signed on behalf of the board by:
Mr S R Haworth
Director
Company registration number: 04366294
Vemotion Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 5, The Hawk Creative Business Park, The Hawkhills Estate, Easingwold, York, YO61 3FE. The principal activity of the company is that of mobile phone media and internet solutions including streaming.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Mr G R Haworth, the ultimate controlling party of the company, has undertaken to ensure that the company has sufficient funds to meet its liabilities to its creditors as they become due for at least 13 months from the date of approval of the financial statements.
Income statement policy
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in equity during the current year or prior year.
Amortisation
Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 10 years.
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4. Intangible assets
Other intangible assets Total
£ £
Cost
At 1 October 2023 and 30 September 2024 8,605 8,605
_______ _______
Amortisation
At 1 October 2023 and 30 September 2024 8,605 8,605
_______ _______
Carrying amount
At 30 September 2024 - -
_______ _______
At 30 September 2023 - -
_______ _______
5. Debtors
2024 2023
£ £
Other debtors 234 234
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 2,629 2,629
Amounts owed to group undertakings 1,164,720 1,164,720
Other creditors 211 211
_______ _______
1,167,560 1,167,560
_______ _______
7. Related party transactions
The company and Vemotion Interactive Limited are wholly owned subsidiaries of Vemotion Group Limited, the group's parent company. All group companies share common directors.At the balance sheet date an amount of £162,520 (2023: £162,520) was owed by the company to Vemotion Interactive Limited.At the balance sheet date an amount of £1,002,200 (2023: £1,002,200) was owed by the company to Vemotion Group Limited.The loans are unsecured, interest free and are repayable on demand.
8. Controlling party
The company is a wholly owned subsidiary of Vemotion Group Limited, a company incorporated in England. The ultimate controlling party is Mr G R Haworth who has a controlling interest in Vemotion Group Limited.