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REGISTERED NUMBER: 15531364 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 29 FEBRUARY 2024 TO 31 DECEMBER 2024

FOR

JOINTENDO LIMITED

JOINTENDO LIMITED (REGISTERED NUMBER: 15531364)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 FEBRUARY 2024 TO 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JOINTENDO LIMITED

COMPANY INFORMATION
FOR THE PERIOD 29 FEBRUARY 2024 TO 31 DECEMBER 2024







DIRECTORS: W Arlt
J Bertherat
M T Dattani
H M Gregson
A C S Hokken-Koelega
D Macut
M Maghnie
R Verkauskiene





REGISTERED OFFICE: 2nd Floor
55 Ludgate Hill
London
EC4M 7JW





REGISTERED NUMBER: 15531364 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
3rd Floor
St George's House
56 Peter Street
Manchester
M2 3NQ

JOINTENDO LIMITED (REGISTERED NUMBER: 15531364)

BALANCE SHEET
31 DECEMBER 2024

Notes €   
CURRENT ASSETS
Debtors 4 1,068,892
Cash at bank 300,648
1,369,540
CREDITORS
Amounts falling due within one year 5 1,394,156
NET CURRENT LIABILITIES (24,616 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,616

)

CAPITAL AND RESERVES
Called up share capital 121
Retained earnings (24,737 )
(24,616 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:




H M Gregson - Director



R Verkauskiene - Director


JOINTENDO LIMITED (REGISTERED NUMBER: 15531364)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 FEBRUARY 2024 TO 31 DECEMBER 2024


1. STATUTORY INFORMATION

Jointendo Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in euros, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest €.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets and liabilities and disclosure of any contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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.Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

JOINTENDO LIMITED (REGISTERED NUMBER: 15531364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 FEBRUARY 2024 TO 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
At the time of approving the financial statements, there is a reasoanble expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director confirmed that the company has the ability to meet its net liabilities with continued support from its related parties. Thus the directors wish to adopt the going concern basis of accounting in preparing the financial statements.

Foreign currencies
The company's functional and presentational currency is Euros. The exchange rate between sterling and the Euro at 31 December 2024 was £1: €1.21.

Assets and liabilities in foreign currencies are translated into Euros at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euros at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the net incoming resources for the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 .

JOINTENDO LIMITED (REGISTERED NUMBER: 15531364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 FEBRUARY 2024 TO 31 DECEMBER 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
€   
Trade debtors 410,800
Other debtors 658,092
1,068,892

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
€   
Bank loans and overdrafts 150
Trade creditors 256,611
Other creditors 1,137,395
1,394,156

6. RELATED PARTY DISCLOSURES

During the year, the company was recharged costs of €133,402 from European Society of Endocrinology. As at 31 December 2024 the company owed €133,402 to European Society of Endocrinology which is a related party by virtue of their shareholding in the company. This amount is interest free and included within other creditors.

During the year, the company was recharged costs of €208,619 from European Society for Paediatric Endocrinology which is a related party by virtue of their shareholding in the company. As at 31 December 2024 the company owed €208,619 to European Society for Paediatric Endocrinology. This amount is interest free and included within other creditors.