Registered number
OC441682
Gaan Media LLP
Filleted Accounts
31 December 2024
Gaan Media LLP
Registered number: OC441682
Balance Sheet
as at 31 December 2024
Notes 2024 2023
$ $
Fixed assets
Intangible assets 3 1,000 100,000
Creditors: amounts falling due within one year 4 (2,374) (2,724)
Net current liabilities (2,374) (2,724)
Total assets less current liabilities (1,374) 97,276
Net (liabilities)/assets attributable to members (1,374) 97,276
Represented by:
Loans and other debts due to members 5 177,663 174,311
Members' other interests
Other reserves (179,037) (77,035)
(1,374) 97,276
Total members' interests
Loans and other debts due to members 5 177,663 174,311
Members' other interests (179,037) (77,035)
(1,374) 97,276
For the year ended 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 30 September 2025 and signed on their behalf by:
William Armitage
Designated member
Gaan Media LLP
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) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

The functional currency of the LLP is United States Dollar
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 online information and from the rendering of services. Turnover from the sale of online information is recognised when the significant risks and rewards of ownership of the product 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.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Intangible fixed assets $
Website development:
Cost
At 1 January 2024 163,019
At 31 December 2024 163,019
Amortisation
At 1 January 2024 63,019
Provided during the year 32,604
Impairment review 66,396
At 31 December 2024 162,019
Net book value
At 31 December 2024 1,000
At 31 December 2023 100,000
Website development costs is being written off in equal annual instalments over its estimated economic life of 5 years.

Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
4 Creditors: amounts falling due within one year 2024 2023
$ $
Other creditors 2,374 2,724
5 Loans and other debts due to members 2024 2023
$ $
Loans from members 177,663 174,311
Amounts falling due within one year 177,663 174,311
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 Other information
Gaan Media LLP is a limited liability partnership incorporated in England. Its registered office is:
Scoulton Hall
Scoulton
Norfolk
NR9 4NX
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