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REGISTERED NUMBER: 08281131 (England and Wales)






















WhatsOnStage Limited

Financial Statements for the Year Ended 31 December 2023






WhatsOnStage Limited (Registered number: 08281131)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WhatsOnStage Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: J A Winsten
M J Fowlie
E White





REGISTERED OFFICE: Regent's Court
Princess Street
Hull
HU2 8BA





REGISTERED NUMBER: 08281131 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

WhatsOnStage Limited (Registered number: 08281131)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 1,086,371 1,147,641
Cash at bank 259,802 88,886
1,346,173 1,236,527
CREDITORS
Amounts falling due within one year 6 2,845,278 3,193,093
NET CURRENT LIABILITIES (1,499,105 ) (1,956,566 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,499,105

)

(1,956,566

)

CAPITAL AND RESERVES
Called up share capital 7 2 2
Share premium 335,349 335,349
Retained earnings (1,834,456 ) (2,291,917 )
SHAREHOLDERS' FUNDS (1,499,105 ) (1,956,566 )

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 9 September 2024 and were signed on its behalf by:





E White - Director


WhatsOnStage Limited (Registered number: 08281131)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

WhatsOnStage 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.

Going Concern
The company's financial statements continue to be prepared using the going concern basis following an indication of support from its parent company on behalf of the wider corporate group, upon which the company is operationally and financially dependent.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts, and volume rebates.

Turnover represents amounts receivable from digital advertising, ticketing, membership and award ceremony sales.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Group recharges comprises the fair value of the consideration received or receivable for the sale of services, under a service agreement with a group company, at cost plus markup.

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

Fixtures, fittings and equipment - 5 years straight line

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 balance sheet date.


WhatsOnStage Limited (Registered number: 08281131)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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.

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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 14,718
DEPRECIATION
At 1 January 2023
and 31 December 2023 14,718
NET BOOK VALUE
At 31 December 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 83,890 116,766
Amounts owed by group undertakings 973,387 1,002,011
Other debtors 29,094 28,864
1,086,371 1,147,641

WhatsOnStage Limited (Registered number: 08281131)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Group balances are interest free and repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 23,206 56,250
Amounts owed to group undertakings 2,483,376 2,828,720
Taxation and social security 203,595 212,270
Other creditors 135,101 95,853
2,845,278 3,193,093

Group balances are interest free and repayable on demand.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary share capital £1 2 2

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Bramall BSc FCA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

9. PENSION COMMITMENTS

Contributions by the company to defined contribution pension schemes for the year amounted to £43,903 (2022: £33,964). The amounts outstanding at the year end were £6,853 (2022: £7,002).

10. ULTIMATE PARENT COMPANY

The ultimate holding company of this company is Albatross Ticketing Inc, a company incorporated in
Canada. The registered office is 200 Wellington Street West, 2nd Floor, Toronto, Ontario, M5V
3C7.Albatross Ticketing Inc is the smallest and largest group in which the company's accounts are
consolidated.