REGISTERED NUMBER: 11540275 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

JETENGAGE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Schertiger

Schertiger Limited

P U Parmar

SECRETARIES:

J Schertiger

Schertiger Limited

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

11540275 (England and Wales)

ACCOUNTANTS:

K J Pittalis and Partners LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Tangible assets

4

533

986

Investments

5

79

79

612

1,065

CURRENT ASSETS

Debtors

6

456,381

430,686

Prepayments and accrued income

-

18,135

Cash at bank

1,164

20,958

457,545

469,779

CREDITORS

Amounts falling due within one year

7

632,495

626,766

NET CURRENT LIABILITIES

(174,950

)

(156,987

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(174,338

)

(155,922

)

CREDITORS

Amounts falling due after more than one year

8

101,407

107,912

NET LIABILITIES

(275,745

)

(263,834

)

CAPITAL AND RESERVES

Called up share capital

9

20,000

20,000

Retained earnings

(295,745

)

(283,834

)

SHAREHOLDERS' FUNDS

(275,745

)

(263,834

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 27 November 2025 and were signed on its behalf by:

J Schertiger - Director

P U Parmar - Director

1.	STATUTORY INFORMATION

Jetengage 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents sales of services net of VAT and trade discounts. Turnover is recognised when the services are provided to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

15% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received

assurance from the directors that they will continue to give financial support to the company for twelve

months from the date of signing these financial statements. On this basis, the directors consider it

appropriate to prepare the accounts on a going concern basis. However, should the financial support

mentioned above not be forthcoming, the going concern basis used in preparing the company's

accounts may be invalid and adjustments would have to be made to reduce the value of assets to the

their realisable amount and to provide for any further liabilities which might arise. The accounts do not

include any adjustment to the company's assets or liabilities that might be necessary should this basis

not continue to be appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

3,022

DEPRECIATION

At 1 April 2024

2,036

Charge for year

453

At 31 March 2025

2,489

NET BOOK VALUE

At 31 March 2025

533

At 31 March 2024

986

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

79

NET BOOK VALUE

At 31 March 2025

79

At 31 March 2024

79

6.

DEBTORS

31/3/25

31/3/24

£

£

Amounts falling due within one year:

Trade debtors

333,462

314,267

31/3/25

31/3/24

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

122,919

116,419

Aggregate amounts

456,381

430,686

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

543,258

526,245

Wages control account

34,322

34,322

VAT

54,915

51,904

Accrued expenses

-

14,295

632,495

626,766

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Metro Bank Bounce Back Loan

19,909

29,923

Amounts owed to group undertakings

81,498

77,989

101,407

107,912

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

20,000

Ordinary

£1

20,000

20,000

10.	RELATED PARTY DISCLOSURES

The long terms creditor's, note 10, represents an amount of £81,498 (2024: £77,989) owed to Jetsynthesys Pte. Ltd. Jetsynthesys Pte. Ltd is a 50% shareholder of the company. An annual interest at 4.5% has been changed on this amount.

During the year, the company paid a commission and fees of £475 (2024: £51,872) to JetSynthesys Private Limited for use of technology.

The company was also owed £122,919 (2024: £116,419) by Jet Media Network Ltd, a 79% subsidiary company.