Genaron Media Limited - Accounts to registrar (filleted) - small 18.2

Genaron Media Limited - Accounts to registrar (filleted) - small 18.2

GENARON MEDIA LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v22.1.4.3 07828717 director 1.11.20 31.10.21 31.10.21 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure078287172020-10-31078287172021-10-31078287172020-11-012021-10-31078287172019-10-31078287172019-11-012020-10-31078287172020-10-3107828717ns16:EnglandWales2020-11-012021-10-3107828717ns15:PoundSterling2020-11-012021-10-3107828717ns11:Director12020-11-012021-10-3107828717ns11:PrivateLimitedCompanyLtd2020-11-012021-10-3107828717ns11:SmallEntities2020-11-012021-10-3107828717ns11:AuditExempt-NoAccountantsReport2020-11-012021-10-3107828717ns11:SmallCompaniesRegimeForDirectorsReport2020-11-012021-10-3107828717ns11:SmallCompaniesRegimeForAccounts2020-11-012021-10-3107828717ns11:FullAccounts2020-11-012021-10-3107828717ns11:RegisteredOffice2020-11-012021-10-3107828717ns6:CurrentFinancialInstruments2021-10-3107828717ns6:CurrentFinancialInstruments2020-10-3107828717ns6:Non-currentFinancialInstruments2021-10-3107828717ns6:Non-currentFinancialInstruments2020-10-3107828717ns6:ShareCapital2021-10-3107828717ns6:ShareCapital2020-10-3107828717ns6:RetainedEarningsAccumulatedLosses2021-10-3107828717ns6:RetainedEarningsAccumulatedLosses2020-10-3107828717ns6:PlantMachinery2020-11-012021-10-3107828717ns6:PlantMachinery2020-10-3107828717ns6:PlantMachinery2021-10-3107828717ns6:PlantMachinery2020-10-3107828717ns6:WithinOneYearns6:CurrentFinancialInstruments2021-10-3107828717ns6:WithinOneYearns6:CurrentFinancialInstruments2020-10-31
REGISTERED NUMBER: 07828717 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

FOR

GENARON MEDIA LIMITED
GENARON MEDIA LIMITED (REGISTERED NUMBER: 07828717)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GENARON MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2021







DIRECTOR: D Sanger





REGISTERED OFFICE: First Floor, Winston House
349 Regents Park Road
London
N3 1DH





REGISTERED NUMBER: 07828717 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
Page 1
GENARON MEDIA LIMITED (REGISTERED NUMBER: 07828717)

BALANCE SHEET
31 OCTOBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 774 550

CURRENT ASSETS
Debtors 5 72,988 76,808
Cash at bank 425 2,576
73,413 79,384
CREDITORS
Amounts falling due within one year 6 57,000 58,114
NET CURRENT ASSETS 16,413 21,270
TOTAL ASSETS LESS CURRENT
LIABILITIES
17,187
21,820

CREDITORS
Amounts falling due after more than one year 7 42,593 50,000
NET LIABILITIES (25,406 ) (28,180 )

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account (25,506 ) (28,280 )
SHAREHOLDERS' FUNDS (25,406 ) (28,180 )

The notes form part of these financial statements

Page 2 continued...
GENARON MEDIA LIMITED (REGISTERED NUMBER: 07828717)

BALANCE SHEET - continued
31 OCTOBER 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 July 2022 and were signed by:





D Sanger - Director


The notes form part of these financial statements

Page 3
GENARON MEDIA LIMITED (REGISTERED NUMBER: 07828717)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021


1. STATUTORY INFORMATION

Genaron Media 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

Page 4 continued...
GENARON MEDIA LIMITED (REGISTERED NUMBER: 07828717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2021


2. ACCOUNTING POLICIES - continued

Going concern
Due to the directors' on-going support of the company, the directors believe it is appropriate to prepare the financial statements on a going concern basis which assumes the company will continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2020 11,742
Additions 749
At 31 October 2021 12,491
DEPRECIATION
At 1 November 2020 11,192
Charge for year 525
At 31 October 2021 11,717
NET BOOK VALUE
At 31 October 2021 774
At 31 October 2020 550

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 4,342 7,516
Other debtors 68,646 69,292
72,988 76,808

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 5,556 -
Trade creditors 1,643 613
Amounts owed to group undertakings 12,699 12,799
Taxation and social security 119 4,868
Other creditors 36,983 39,834
57,000 58,114

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 42,593 50,000

Page 5 continued...
GENARON MEDIA LIMITED (REGISTERED NUMBER: 07828717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2021


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2021 2020
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,370 40,000

Page 6