Pharmaphorum Media Limited - Accounts to registrar (filleted) - small 18.2
Pharmaphorum Media Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| PHARMAPHORUM MEDIA LIMITED |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2021 |
| PHARMAPHORUM MEDIA LIMITED (REGISTERED NUMBER: 07254094) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| PHARMAPHORUM MEDIA LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 December 2021 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Auditors: |
| Statutory Auditors |
| 3 Wey Court |
| Mary Road |
| Guildford |
| Surrey |
| GU1 4QU |
| PHARMAPHORUM MEDIA LIMITED (REGISTERED NUMBER: 07254094) |
| BALANCE SHEET |
| 31 December 2021 |
| 2021 | 2020 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 Board of Directors and authorised for issue on |
| PHARMAPHORUM MEDIA LIMITED (REGISTERED NUMBER: 07254094) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2021 |
| 1. | STATUTORY INFORMATION |
| Pharmaphorum Media Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention unless otherwise stated below. |
| Turnover |
| Turnover represents the fair value of the consideration receivable for the sale of services in the ordinary course of the business, excluding value added tax. In the case of long term contracts, credit is taken appropriate to the stage of completion when the outcome of the contract can be assessed with reasonable certainty. |
| Intangible assets |
| Intangible fixed assets include website development costs where their future recoverability can reasonable be regarded as assured. Amortisation is provided at an annual rate of 33% on cost. |
| Tangible fixed assets |
| Leasehold improvements | - |
| Office equipment | - |
| Financial instruments |
| Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the instrument. All financial assets and liabilities are initially measured at transaction price. The company has no financial assets or liabilities measured at fair value through profit or loss. All subsequent remeasurement of financial assets and liabilities are recognised at amortised cost using the effective interest rate method. |
| Taxation |
| Taxation for the year comprises current and deferred tax. 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. |
| PHARMAPHORUM MEDIA LIMITED (REGISTERED NUMBER: 07254094) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Operating leases |
| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred. The benefits of lease incentives are recognised in the profit and loss account over the life of the lease. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Website |
| development |
| costs |
| £ |
| Cost |
| At 1 January 2021 |
| and 31 December 2021 |
| Amortisation |
| At 1 January 2021 |
| Amortisation for year |
| At 31 December 2021 |
| Net book value |
| At 31 December 2021 |
| At 31 December 2020 |
| PHARMAPHORUM MEDIA LIMITED (REGISTERED NUMBER: 07254094) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2021 |
| 5. | TANGIBLE FIXED ASSETS |
| Leasehold | Office |
| improvements | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1 January 2021 |
| Additions |
| At 31 December 2021 |
| Depreciation |
| At 1 January 2021 |
| Charge for year |
| At 31 December 2021 |
| Net book value |
| At 31 December 2021 |
| At 31 December 2020 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade creditors |
| Amounts owed to parent company | - | 150,000 |
| Taxation and social security |
| Other creditors |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2021 | 2020 |
| £ | £ |
| Within one year |
| Between one and five years |
| PHARMAPHORUM MEDIA LIMITED (REGISTERED NUMBER: 07254094) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2021 |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 10. | ULTIMATE CONTROLLING PARTY |
| During the prior year, the company became a wholly owned subsidiary of Healthware Group S.R.L., a company registered in Italy. The registered address of Healthware Group S.R.L. is Piazza Abate Conforti, Salerno (SA) 84121, Italy. |
| The ultimate parent company is Simon Fiduciaria S.P.A, a company also registered in Italy, by virtue of its majority ownership of Healthware Group S.R.L. The registered address of Simon Fiduciaria S.P.A. is Via Pietro Giannone 10, 10121 Torino, Italy. |