| Gigantic Holdings Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Investment Income |
|
Investment income represents dividends receivable from its subsidiary. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Audit information |
|
|
The audit report is unqualified. |
|
|
Senior statutory auditor: |
Gerhard Bonthuys (Senior Statutory Auditor) |
|
Firm: |
Forvis Mazars LLP |
|
Date of audit report: |
1 May 2026 |
|
|
| 3 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
6 |
|
4 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 January 2024 |
313,676 |
|
|
At 31 December 2024 |
313,676 |
|
|
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
|
Company |
Shares held |
|
|
Class |
% |
|
Gigantic Tickets Limited |
Ordinary |
100 |
|
|
Its registered office is: |
|
First Floor, Northburgh House |
|
10 Northburgh Street |
|
London |
|
EC1V 0AT |
|
|
| 5 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Other debtors |
169 |
|
169 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
2024 |
|
2023 |
| £ |
£ |
|
Transactions and balances with related parties are as follows: |
|
|
Transactions and balances with entities over which the entity has control, joint control or significant influence are as follows: |
|
|
Dividends received in the year |
|
|
|
|
450,000 |
|
1,000,000 |
|
|
|
|
|
|
|
|
|
|
Key management personnel of the company |
|
|
Dividends paid during the year |
|
|
|
|
112,500 |
|
250,000 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Controlling party |
|
|
The parent of the smallest group for which consolidated financial statements are drawn up of which this company is a member is Deag Concerts GmbH whose registered office is Potsdamer Str. 58, 10785, Berlin, Germany.
The company is owned by Myticket Services Limited, a company incorporated in England. The only group in which the results of the company are consolidated is that headed by Deag Concerts GmbH. These financial statements are available to the public and can be obtained from www.deag.de/ir. |
|
|
| 8 |
Other information |
|
|
Gigantic Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
First Floor, Northburgh House |
|
10 Northburgh Street |
|
London |
|
EC1V 0AT |
|
|
Its trading address is: |
|
25-27 Castle Gate |
|
Nottingham |
|
NG1 7AR |