COMPANY REGISTRATION NUMBER:
14418974
|
White Spider Media Holdings Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
White Spider Media Holdings Limited |
|
|
Statement of Financial Position |
|
31 December 2024
Fixed assets
|
Investments |
4 |
|
5,007,987 |
5,000,000 |
|
|
|
|
|
Current assets
|
Cash at bank and in hand |
20,564 |
|
21,040 |
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
1,893,610 |
|
1,781,411 |
|
------------ |
|
------------ |
|
Net current liabilities |
|
1,873,046 |
1,760,371 |
|
|
------------ |
------------ |
|
Total assets less current liabilities |
|
3,134,941 |
3,239,629 |
|
|
------------ |
------------ |
|
Net assets |
|
3,134,941 |
3,239,629 |
|
|
------------ |
------------ |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
2,910,000 |
2,910,000 |
|
Profit and loss account |
|
224,941 |
329,629 |
|
|
------------ |
------------ |
|
Shareholders funds |
|
3,134,941 |
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 year ending 31 December 2024 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 year 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
.
|
White Spider Media Holdings Limited |
|
|
Statement of Financial Position (continued) |
|
31 December 2024
These financial statements were approved by the
board of directors
and authorised for issue on
8 September 2025
, and are signed on behalf of the board by:
Company registration number:
14418974
|
White Spider Media Holdings Limited |
|
|
Notes to the Financial Statements |
|
Year ended 31 December 2024
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: Accounting treatment of preference shares The directors have reviewed the terms and conditions attached to the preference shares and on the basis that these are non-redeemable have concluded that these should be accounted for as equity rather than liability. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as disclosed in the financial statements.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
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 1 January 2024 |
5,000,000 |
|
Additions |
7,987 |
|
------------ |
|
At 31 December 2024 |
5,007,987 |
|
------------ |
|
Impairment |
|
|
At 1 January 2024 and 31 December 2024 |
– |
|
------------ |
|
|
|
Carrying amount |
|
|
At 31 December 2024 |
5,007,987 |
|
------------ |
|
At 31 December 2023 |
5,000,000 |
|
------------ |
|
|
5.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
469,460 |
137,500 |
|
Social security and other taxes |
8,010 |
10,782 |
|
Other creditors |
1,416,140 |
1,633,129 |
|
------------ |
------------ |
|
1,893,610 |
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 £1,412,930 in respect of this debenture (2023 £1,632,129). The loan is repayable on demand and interest is payable at 6.5%.