0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-10-14 Sage Accounts Production Advanced 2023 - FRS102_2023 5,000,000 5,000,000 5,000,000 xbrli:pure xbrli:shares iso4217:GBP 14418974 2022-10-14 2023-12-31 14418974 2023-12-31 14418974 2022-10-13 14418974 bus:Director1 2022-10-14 2023-12-31 14418974 bus:Director3 2022-10-14 2023-12-31 14418974 core:WithinOneYear 2023-12-31 14418974 core:ShareCapital 2023-12-31 14418974 core:RetainedEarningsAccumulatedLosses 2023-12-31 14418974 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 14418974 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 14418974 core:Non-currentFinancialInstruments 2023-12-31 14418974 bus:SmallEntities 2022-10-14 2023-12-31 14418974 bus:AuditExemptWithAccountantsReport 2022-10-14 2023-12-31 14418974 bus:SmallCompaniesRegimeForAccounts 2022-10-14 2023-12-31 14418974 bus:PrivateLimitedCompanyLtd 2022-10-14 2023-12-31 14418974 bus:FullAccounts 2022-10-14 2023-12-31
COMPANY REGISTRATION NUMBER: 14418974
White Spider Media Holdings Limited
Filleted Unaudited Financial Statements
For the period ended
31 December 2023
White Spider Media Holdings Limited
Statement of Financial Position
31 December 2023
31 Dec 23
Note
£
£
Fixed assets
Investments
4
5,000,000
Current assets
Cash at bank and in hand
21,040
Creditors: amounts falling due within one year
5
1,781,411
------------
Net current liabilities
1,760,371
------------
Total assets less current liabilities
3,239,629
------------
Net assets
3,239,629
------------
Capital and reserves
Called up share capital
2,910,000
Profit and loss account
329,629
------------
Shareholders funds
3,239,629
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 September 2024 , and are signed on behalf of the board by:
G Duckworth
I Prickett
Director
Director
Company registration number: 14418974
White Spider Media Holdings Limited
Notes to the Financial Statements
Period from 14 October 2022 to 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 194 Stanley Road, Teddington, Middlesex, TW11 8UE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4. Investments
Shares in group undertakings
£
Cost
At 14 October 2022
Additions
5,000,000
------------
At 31 December 2023
5,000,000
------------
Impairment
At 14 October 2022 and 31 December 2023
------------
Carrying amount
At 31 December 2023
5,000,000
------------
5. Creditors: amounts falling due within one year
31 Dec 23
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
137,500
Social security and other taxes
10,782
Other creditors
1,633,129
------------
1,781,411
------------
6. Related party transactions
The company has taken advantage from the exemption available under FRS102 from reporting transactions with wholly owned members of the same group. The company has a debenture with one of it's directors, H Perkins. At year end, the company owed H Perkins £1,632,129 in respect of this debenture. The loan is repayable on demand and interest is payable at 6.5%.