Silverfin false 31/12/2022 21/09/2021 31/12/2022 Alsayedshehab Alsayedahmed Alsayedismail Alhashmi 21/09/2021 20 October 2023 The principal activity of the Company during the Financial Period was media and publishing activities. 13633465 2022-12-31 13633465 bus:Director1 2022-12-31 13633465 core:CurrentFinancialInstruments 2022-12-31 13633465 core:Non-currentFinancialInstruments 2022-12-31 13633465 core:ShareCapital 2022-12-31 13633465 core:RetainedEarningsAccumulatedLosses 2022-12-31 13633465 core:OtherResidualIntangibleAssets 2021-09-20 13633465 2021-09-20 13633465 core:OtherResidualIntangibleAssets 2022-12-31 13633465 core:OtherPropertyPlantEquipment 2021-09-20 13633465 core:OtherPropertyPlantEquipment 2022-12-31 13633465 bus:OrdinaryShareClass1 2022-12-31 13633465 2021-09-21 2022-12-31 13633465 bus:FullAccounts 2021-09-21 2022-12-31 13633465 bus:SmallEntities 2021-09-21 2022-12-31 13633465 bus:AuditExemptWithAccountantsReport 2021-09-21 2022-12-31 13633465 bus:PrivateLimitedCompanyLtd 2021-09-21 2022-12-31 13633465 bus:Director1 2021-09-21 2022-12-31 13633465 core:OtherResidualIntangibleAssets core:TopRangeValue 2021-09-21 2022-12-31 13633465 core:PatentsTrademarksLicencesConcessionsSimilar 2021-09-21 2022-12-31 13633465 core:OtherPropertyPlantEquipment core:TopRangeValue 2021-09-21 2022-12-31 13633465 core:OtherResidualIntangibleAssets 2021-09-21 2022-12-31 13633465 core:OtherPropertyPlantEquipment 2021-09-21 2022-12-31 13633465 core:Non-currentFinancialInstruments 2021-09-21 2022-12-31 13633465 bus:OrdinaryShareClass1 2021-09-21 2022-12-31 13633465 1 2021-09-21 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13633465 (England and Wales)

LINK MEDIA CORPORATION LTD

Unaudited Financial Statements
For the financial period from 21 September 2021 to 31 December 2022
Pages for filing with the registrar

LINK MEDIA CORPORATION LTD

Unaudited Financial Statements

For the financial period from 21 September 2021 to 31 December 2022

Contents

LINK MEDIA CORPORATION LTD

COMPANY INFORMATION

For the financial period from 21 September 2021 to 31 December 2022
LINK MEDIA CORPORATION LTD

COMPANY INFORMATION (continued)

For the financial period from 21 September 2021 to 31 December 2022
DIRECTOR Alsayedshehab Alsayedahmed Alsayedismail Alhashmi
REGISTERED OFFICE The Cursitor (Wework)
38 Chancery Lane
London
WC2A 1EN
England
United Kingdom
COMPANY NUMBER 13633465 (England and Wales)
ACCOUNTANT Praxis
1 Poultry
London
EC2R 8EJ
United Kingdom
LINK MEDIA CORPORATION LTD

BALANCE SHEET

As at 31 December 2022
LINK MEDIA CORPORATION LTD

BALANCE SHEET (continued)

As at 31 December 2022
Note 31.12.2022
£
Fixed assets
Intangible assets 3 21,572
Tangible assets 4 14,789
36,361
Current assets
Debtors 6 419,984
Cash at bank and in hand 7 206,701
626,685
Creditors: amounts falling due within one year 8 ( 187,084)
Net current assets 439,601
Total assets less current liabilities 475,962
Creditors: amounts falling due after more than one year 9 ( 3,712,578)
Net liabilities ( 3,236,616)
Capital and reserves
Called-up share capital 10 10
Profit and loss account ( 3,236,626 )
Total shareholders' deficit ( 3,236,616)

For the financial period ending 31 December 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Link Media Corporation Ltd (registered number: 13633465) were approved and authorised for issue by the Director on 20 October 2023. They were signed on its behalf by:

Alsayedshehab Alsayedahmed Alsayedismail Alhashmi
Director
LINK MEDIA CORPORATION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 21 September 2021 to 31 December 2022
LINK MEDIA CORPORATION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 21 September 2021 to 31 December 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Link Media Corporation Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Cursitor (Wework), 38 Chancery Lane, London, WC2A 1EN, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £3,236,616. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 10 years straight line
Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of 10 years which is their estimated useful economic life. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

Period from
21.09.2021 to
31.12.2022
Number
Monthly average number of persons employed by the Company during the period, including the director 7

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 21 September 2021 0 0
Additions 22,908 22,908
At 31 December 2022 22,908 22,908
Accumulated amortisation
At 21 September 2021 0 0
Charge for the financial period 1,336 1,336
At 31 December 2022 1,336 1,336
Net book value
At 31 December 2022 21,572 21,572

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 21 September 2021 0 0
Additions 16,462 16,462
At 31 December 2022 16,462 16,462
Accumulated depreciation
At 21 September 2021 0 0
Charge for the financial period 1,673 1,673
At 31 December 2022 1,673 1,673
Net book value
At 31 December 2022 14,789 14,789

5. Fixed asset investments

Investments in subsidiaries

31.12.2022
£
Carrying value at 31 December 2022 0

LinkMedia FZ LLC is 100% owned by Link Media Corporation Limited.

6. Debtors

31.12.2022
£
Amounts owed by Group undertakings 313,550
Other debtors 106,434
419,984

7. Cash and cash equivalents

31.12.2022
£
Cash at bank and in hand 206,701

8. Creditors: amounts falling due within one year

31.12.2022
£
Trade creditors 110,572
Other taxation and social security 33,033
Other creditors 43,479
187,084

9. Creditors: amounts falling due after more than one year

31.12.2022
£
Other creditors 3,712,578

There are no amounts included above in respect of which any security has been given by the small entity.

10. Called-up share capital

31.12.2022
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 0.10 each 10

11. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

31.12.2022
£
within one year 59,454

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

31.12.2022
£
Unpaid contributions due to the fund (inc. in other creditors) 7,510

12. Related party transactions

Transactions with the entity's director

31.12.2022
£
Interest free loan to the company 3,712,578

13. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial period.