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Registered number: 15772287









SNACK MEDIA HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
SNACK MEDIA HOLDINGS LIMITED
REGISTERED NUMBER: 15772287

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
Note
£

Fixed assets
  

Investments
  
5,664,540

  
5,664,540

Current assets
  

Debtors: amounts falling due after more than one year
 5 
44,387

Debtors: amounts falling due within one year
 5 
34,320

Cash at bank and in hand
 6 
25,034

  
103,741

Creditors: amounts falling due within one year
 7 
(2,627,473)

Net current (liabilities)/assets
  
 
 
(2,523,732)

Total assets less current liabilities
  
3,140,808

Creditors: amounts falling due after more than one year
 8 
(3,433,259)

  

Net (liabilities)/assets
  
(292,451)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(292,551)

  
(292,451)


Page 1

 
SNACK MEDIA HOLDINGS LIMITED
REGISTERED NUMBER: 15772287
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




H Morales Valdes
Director

Date: 5 June 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SNACK MEDIA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Snack Media Holdings Limited is a private company, limited by shares and incorporated in England & Wales (registered number: 15772287). The address of the company's registered office and principal place of business address is 5-13 Hatton Wall, London, EC1N 8HX. 
 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
SNACK MEDIA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration.

Page 4

 
SNACK MEDIA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
5,664,540



At 31 December 2024
5,664,540





5.


Debtors

2024
£

Due after more than one year

Other debtors
44,387

44,387


2024
£

Due within one year

Prepayments and accrued income
34,320

34,320



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
25,034

Less: bank overdrafts
(44)

24,990


Page 5

 
SNACK MEDIA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
£

Bank overdrafts
44

Bank loans
927,925

Amounts owed to group undertakings
1,697,004

Accruals and deferred income
2,500

2,627,473



8.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
3,433,259

3,433,259


Page 6

 
SNACK MEDIA HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
£

Amounts falling due within one year

Bank loans
927,925


927,925

Amounts falling due 1-2 years

Bank loans
946,047


946,047

Amounts falling due 2-5 years

Bank loans
2,487,213


2,487,213


4,361,185



10.


Controlling party

The ultimate parent undertaking is Snack Media Inc, whose registered office address is 411 Giralda Ave, Coral Gables, FL 33134, United States. 

 
Page 7