Registered number
09758371
Subvert Limited
Filleted Accounts
31 December 2024
Subvert Limited
Registered number: 09758371
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,050,500 1,050,500
Tangible assets 4 169,947 188,830
Investments 5 2 2
1,220,449 1,239,332
Current assets
Debtors 6 5,001 5,001
Cash at bank and in hand 189 16,514
5,190 21,515
Creditors: amounts falling due within one year 7 (268,480) (283,904)
Net current liabilities (263,290) (262,389)
Net assets 957,159 976,943
Capital and reserves
Called up share capital 2 2
Revaluation reserve 8 1,050,500 1,050,500
Profit and loss account (93,343) (73,559)
Shareholder's funds 957,159 976,943
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.
…………………………………………..
P Andrews
Director
Approved by the board on 13 May 2025
Subvert Limited
Notes to the Accounts
for the year ended 31 December 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 1,050,500
At 31 December 2024 1,050,500
Amortisation
At 31 December 2024 -
Net book value
At 31 December 2024 1,050,500
At 31 December 2023 1,050,500
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 310,169
At 31 December 2024 310,169
Depreciation
At 1 January 2024 121,339
Charge for the year 18,883
At 31 December 2024 140,222
Net book value
At 31 December 2024 169,947
At 31 December 2023 188,830
5 Investments
Other
investments
£
Cost
At 1 January 2024 2
At 31 December 2024 2
6 Debtors 2024 2023
£ £
Other debtors 5,001 5,001
7 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 268,480 283,904
8 Revaluation reserve 2024 2023
£ £
At 1 January 2024 1,050,500 975,000
Gain on revaluation of land and buildings - 75,500
At 31 December 2024 1,050,500 1,050,500
9 Other information
Subvert Limited is a private company limited by shares and incorporated in England. Its registered office is:
West Wing Studios
Unit 166, The Mall
Luton
Bedfordshire
LU1 2TL
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