SETEM LTD

Company Registration Number:
13802776 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2024

Period of accounts

Start date: 01 December 2023

End date: 30 November 2024

SETEM LTD

Contents of the Financial Statements

for the Period Ended 30 November 2024

Balance sheet
Notes

SETEM LTD

Balance sheet

As at 30 November 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 8,279 11,926
Total fixed assets: 8,279 11,926
Current assets
Stocks: 90,049 2,816
Debtors:   299,402 17,411
Cash at bank and in hand: 2,253,405 4,135,053
Total current assets: 2,642,856 4,155,280
Creditors: amounts falling due within one year: 4 (247,703) (982,060)
Net current assets (liabilities): 2,395,153 3,173,220
Total assets less current liabilities: 2,403,432 3,185,146
Creditors: amounts falling due after more than one year: 5   (604,013)
Provision for liabilities: (1,032) (685)
Total net assets (liabilities): 2,402,400 2,580,448
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,402,300 2,580,348
Shareholders funds: 2,402,400 2,580,448

The notes form part of these financial statements

SETEM LTD

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 September 2025
and signed on behalf of the board by:

Name: Michael Armitage
Status: Director

The notes form part of these financial statements

SETEM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SETEM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

SETEM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible Assets

Total
Cost £
At 01 December 2023 22,195
Additions 2,536
At 30 November 2024 24,731
Depreciation
At 01 December 2023 10,269
Charge for year 6,183
At 30 November 2024 16,452
Net book value
At 30 November 2024 8,279
At 30 November 2023 11,926

SETEM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Creditors: amounts falling due within one year note

Trade creditors 69905 2023, 2760 Corporation tax 120627 2023, 897932 VAT 30641 2023, 70187 Accruals 12757 2023, 9006 Other creditors 13773, 2003 2175

SETEM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Creditors: amounts falling due after more than one year note

Director's loan account nil 2023, 598840 VAT nil 2023, 2982 Corporation tax nil 2023, 2191

SETEM LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

6. Related party transactions

Name of the related party: Galuh Sukardi
Relationship:
Wife of the director
Description of the Transaction: Rent and services for Bali studio nil 2023, 72000
£
Balance at 01 December 2023 0
Balance at 30 November 2024 0
Name of the related party: John Stuart Armitage
Relationship:
Father of the director
Description of the Transaction: The transaction was a dividend paid to the shareholder of Setem Ltd, Setem Studio Ltd whose shareholders are John Stuart Armitage and Michael Armitage. Therefore 250,000 was paid to John Stuart Armitage 2023, 500000
£
Balance at 01 December 2023 0
Balance at 30 November 2024 0
Name of the related party: Michael Armitage
Relationship:
Director
Description of the Transaction: The transaction was a dividend of 500,000 paid to the shareholder of Setem Ltd, Setem Studio Ltd whose shareholders are John Stuart Armitage and Michael Armitage. Therefore £250,000 was paid to Michael Armitage 2023, £500,000
£
Balance at 01 December 2023 0
Balance at 30 November 2024 0