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

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REGISTERED NUMBER: 07828717 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2020

FOR

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

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GENARON MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2020







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 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 550 525

CURRENT ASSETS
Debtors 5 76,808 42,893
Cash at bank 2,576 208
79,384 43,101
CREDITORS
Amounts falling due within one year 6 58,114 56,005
NET CURRENT ASSETS/(LIABILITIES) 21,270 (12,904 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
21,820
(12,379
)

CREDITORS
Amounts falling due after more than one year 7 50,000 -
NET LIABILITIES (28,180 ) (12,379 )

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account (28,280 ) (12,479 )
SHAREHOLDERS' FUNDS (28,180 ) (12,379 )

The notes form part of these financial statements

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

BALANCE SHEET - continued
31 OCTOBER 2020


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 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 26 July 2021 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 2020


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 2020


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 (2019 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2019 10,918
Additions 824
At 31 October 2020 11,742
DEPRECIATION
At 1 November 2019 10,393
Charge for year 799
At 31 October 2020 11,192
NET BOOK VALUE
At 31 October 2020 550
At 31 October 2019 525

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 7,516 5,705
Other debtors 69,292 37,188
76,808 42,893

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 613 1,163
Amounts owed to group undertakings 12,799 13,001
Taxation and social security 4,868 4,753
Other creditors 39,834 37,088
58,114 56,005

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
£    £   
Bank loans 50,000 -

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2020


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2020 2019
£    £   
Amounts falling due in more than five years:

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

Page 6