2024-01-012024-12-312024-12-31false12470936WEARE8 MEDIA LTD2025-05-1958290falseiso4217:GBPxbrli:pure124709362024-01-01124709362024-12-31124709362024-01-012024-12-31124709362023-01-01124709362023-12-31124709362023-01-012023-12-3112470936bus:SmallEntities2024-01-012024-12-3112470936bus:AuditExempt-NoAccountantsReport2024-01-012024-12-3112470936bus:FullAccounts2024-01-012024-12-3112470936bus:PrivateLimitedCompanyLtd2024-01-012024-12-3112470936core:WithinOneYear2024-12-3112470936core:AfterOneYear2024-12-3112470936core:WithinOneYear2023-12-3112470936core:AfterOneYear2023-12-3112470936core:ShareCapital2024-12-3112470936core:SharePremium2024-12-3112470936core:RevaluationReserve2024-12-3112470936core:OtherReservesSubtotal2024-12-3112470936core:RetainedEarningsAccumulatedLosses2024-12-3112470936core:ShareCapital2023-12-3112470936core:SharePremium2023-12-3112470936core:RevaluationReserve2023-12-3112470936core:OtherReservesSubtotal2023-12-3112470936core:RetainedEarningsAccumulatedLosses2023-12-3112470936core:LandBuildings2024-12-3112470936core:PlantMachinery2024-12-3112470936core:Vehicles2024-12-3112470936core:FurnitureFittings2024-12-3112470936core:OfficeEquipment2024-12-3112470936core:NetGoodwill2024-12-3112470936core:IntangibleAssetsOtherThanGoodwill2024-12-3112470936core:ListedExchangeTraded2024-12-3112470936core:UnlistedNon-exchangeTraded2024-12-3112470936core:LandBuildings2023-12-3112470936core:PlantMachinery2023-12-3112470936core:Vehicles2023-12-3112470936core:FurnitureFittings2023-12-3112470936core:OfficeEquipment2023-12-3112470936core:NetGoodwill2023-12-3112470936core:IntangibleAssetsOtherThanGoodwill2023-12-3112470936core:ListedExchangeTraded2023-12-3112470936core:UnlistedNon-exchangeTraded2023-12-3112470936core:LandBuildings2024-01-012024-12-3112470936core:PlantMachinery2024-01-012024-12-3112470936core:Vehicles2024-01-012024-12-3112470936core:FurnitureFittings2024-01-012024-12-3112470936core:OfficeEquipment2024-01-012024-12-3112470936core:NetGoodwill2024-01-012024-12-3112470936core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3112470936core:ListedExchangeTraded2024-01-012024-12-3112470936core:UnlistedNon-exchangeTraded2024-01-012024-12-3112470936core:MoreThanFiveYears2024-01-012024-12-3112470936core:Non-currentFinancialInstruments2024-12-3112470936core:Non-currentFinancialInstruments2023-12-3112470936dpl:CostSales2024-01-012024-12-3112470936dpl:DistributionCosts2024-01-012024-12-3112470936core:LandBuildings2024-01-012024-12-3112470936core:PlantMachinery2024-01-012024-12-3112470936core:Vehicles2024-01-012024-12-3112470936core:FurnitureFittings2024-01-012024-12-3112470936core:OfficeEquipment2024-01-012024-12-3112470936dpl:AdministrativeExpenses2024-01-012024-12-3112470936core:NetGoodwill2024-01-012024-12-3112470936core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3112470936dpl:GroupUndertakings2024-01-012024-12-3112470936dpl:ParticipatingInterests2024-01-012024-12-3112470936dpl:GroupUndertakingscore:ListedExchangeTraded2024-01-012024-12-3112470936core:ListedExchangeTraded2024-01-012024-12-3112470936dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-01-012024-12-3112470936core:UnlistedNon-exchangeTraded2024-01-012024-12-3112470936dpl:CostSales2023-01-012023-12-3112470936dpl:DistributionCosts2023-01-012023-12-3112470936core:LandBuildings2023-01-012023-12-3112470936core:PlantMachinery2023-01-012023-12-3112470936core:Vehicles2023-01-012023-12-3112470936core:FurnitureFittings2023-01-012023-12-3112470936core:OfficeEquipment2023-01-012023-12-3112470936dpl:AdministrativeExpenses2023-01-012023-12-3112470936core:NetGoodwill2023-01-012023-12-3112470936core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112470936dpl:GroupUndertakings2023-01-012023-12-3112470936dpl:ParticipatingInterests2023-01-012023-12-3112470936dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3112470936core:ListedExchangeTraded2023-01-012023-12-3112470936dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3112470936core:UnlistedNon-exchangeTraded2023-01-012023-12-3112470936core:NetGoodwill2024-12-3112470936core:IntangibleAssetsOtherThanGoodwill2024-12-3112470936core:LandBuildings2024-12-3112470936core:PlantMachinery2024-12-3112470936core:Vehicles2024-12-3112470936core:FurnitureFittings2024-12-3112470936core:OfficeEquipment2024-12-3112470936core:AfterOneYear2024-12-3112470936core:WithinOneYear2024-12-3112470936core:ListedExchangeTraded2024-12-3112470936core:UnlistedNon-exchangeTraded2024-12-3112470936core:ShareCapital2024-12-3112470936core:SharePremium2024-12-3112470936core:RevaluationReserve2024-12-3112470936core:OtherReservesSubtotal2024-12-3112470936core:RetainedEarningsAccumulatedLosses2024-12-3112470936core:NetGoodwill2023-12-3112470936core:IntangibleAssetsOtherThanGoodwill2023-12-3112470936core:LandBuildings2023-12-3112470936core:PlantMachinery2023-12-3112470936core:Vehicles2023-12-3112470936core:FurnitureFittings2023-12-3112470936core:OfficeEquipment2023-12-3112470936core:AfterOneYear2023-12-3112470936core:WithinOneYear2023-12-3112470936core:ListedExchangeTraded2023-12-3112470936core:UnlistedNon-exchangeTraded2023-12-3112470936core:ShareCapital2023-12-3112470936core:SharePremium2023-12-3112470936core:RevaluationReserve2023-12-3112470936core:OtherReservesSubtotal2023-12-3112470936core:RetainedEarningsAccumulatedLosses2023-12-3112470936core:NetGoodwill2023-01-0112470936core:IntangibleAssetsOtherThanGoodwill2023-01-0112470936core:LandBuildings2023-01-0112470936core:PlantMachinery2023-01-0112470936core:Vehicles2023-01-0112470936core:FurnitureFittings2023-01-0112470936core:OfficeEquipment2023-01-0112470936core:AfterOneYear2023-01-0112470936core:WithinOneYear2023-01-0112470936core:ListedExchangeTraded2023-01-0112470936core:UnlistedNon-exchangeTraded2023-01-0112470936core:ShareCapital2023-01-0112470936core:SharePremium2023-01-0112470936core:RevaluationReserve2023-01-0112470936core:OtherReservesSubtotal2023-01-0112470936core:RetainedEarningsAccumulatedLosses2023-01-0112470936core:AfterOneYear2024-01-012024-12-3112470936core:WithinOneYear2024-01-012024-12-3112470936core:Non-currentFinancialInstrumentscore:CostValuation2024-01-012024-12-3112470936core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-012024-12-3112470936core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-012024-12-3112470936core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-012024-12-3112470936core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-012024-12-3112470936core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-012024-12-3112470936core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3112470936core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3112470936core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3112470936core:Non-currentFinancialInstrumentscore:CostValuation2024-12-3112470936core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-12-3112470936core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-12-3112470936core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-12-3112470936core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-12-3112470936core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-12-3112470936core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-12-3112470936core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-12-3112470936core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-12-3112470936core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3112470936core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3112470936core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3112470936core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3112470936core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3112470936core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3112470936core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3112470936core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3112470936core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3112470936bus:Director12024-01-012024-12-31

WEARE8 MEDIA LTD

Registered Number
12470936
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

WEARE8 MEDIA LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

FENNESSY, Sue Elizabeth

Registered Address

Arquen House
4-6 Spicer Street
St. Albans
AL3 4PQ

Registered Number

12470936 (England and Wales)
WEARE8 MEDIA LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets317,93023,907
17,93023,907
Current assets
Debtors4885,6481,030,187
Cash at bank and on hand121,305126,877
1,006,9531,157,064
Creditors amounts falling due within one year5(1,379,822)(1,132,825)
Net current assets (liabilities)(372,869)24,239
Total assets less current liabilities(354,939)48,146
Creditors amounts falling due after one year6(16,982,002)(12,757,095)
Net assets(17,336,941)(12,708,949)
Capital and reserves
Called up share capital11
Profit and loss account(17,336,942)(12,708,950)
Shareholders' funds(17,336,941)(12,708,949)
The financial statements were approved and authorised for issue by the Director on 19 May 2025, and are signed on its behalf by:
FENNESSY, Sue Elizabeth
Director
Registered Company No. 12470936
WEARE8 MEDIA LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The financial statements have been prepared on the going concern basis notwithstanding the fact that the company has a deficiency on shareholders' funds at the period end. The director considers the basis to be appropriate as the parent company, WeAre8, PBC, will have sufficient reserves to support the company to trade for a minimum of 12 months from the date of approval of the financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Defined contribution pension plan
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year1623
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 2439,68939,689
At 31 December 2439,68939,689
Depreciation and impairment
At 01 January 2415,78215,782
Charge for year5,9775,977
At 31 December 2421,75921,759
Net book value
At 31 December 2417,93017,930
At 31 December 2323,90723,907
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables367,685677,203
Other debtors299,801205,268
Prepayments and accrued income218,162147,716
Total885,6481,030,187
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables910,588892,611
Taxation and social security444,990208,494
Other creditors4,7315,244
Accrued liabilities and deferred income19,51326,476
Total1,379,8221,132,825
6.Creditors: amounts due after one year

2024

2023

££
Amounts owed to related parties16,982,00212,757,095
Total16,982,00212,757,095
7.Operating lease commitments
At 31 Dec 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £69,000 (2023: £106,000).
8.Related party transactions
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.
9.Controlling party
The ultimate controlling company is WeAre8, PBC registered at 224 West 35th Street, Ste 500, New York, NY 10001, USA.