Kubix Media Holdings Limited - Period Ending 2023-04-30

Kubix Media Holdings Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 3

Kubix Media Holdings Limited

(Registration number: 12324248)
Balance Sheet as at 30 April 2023

	Note	2023 £	2022 £
Fixed assets
Investments	5	100	100
Current assets
Debtors	6	478,000	-
Cash at bank and in hand		749,967	1,017,400
		1,227,967	1,017,400
Creditors: Amounts falling due within one year	7	(147,568)	(92,708)
Net current assets		1,080,399	924,692
Net assets		1,080,499	924,792
Capital and reserves
Called up share capital		200	200
Retained earnings		1,080,299	924,592
Shareholders' funds		1,080,499	924,792

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 September 2023
 

......................................... L D J Gharib Director

Kubix Media Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1	General information

The company is a private company limited by share capital incorporated in United Kingdom and the company registration number is 12324248.

The address of its registered office is:
The Bond
180-182 Fazeley Street
Birmingham
B5 5SE

These financial statements were authorised for issue by the director on 8 September 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared for the individual entity and are presented in sterling and rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2022 - 1).

Kubix Media Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4	Profit before tax

Arrived at after charging/(crediting)

	2023 £	2022 £
Income from shares in group undertakings	(300,000)	(324,968)

5	Investments

	2023 £	2022 £
Investments in subsidiaries	100	100

Subsidiaries	£
Cost or valuation
At 1 May 2022	100
Provision
Carrying amount
At 30 April 2023	100
At 30 April 2022	100

6

Debtors

Current	2023 £	2022 £
Other debtors	478,000	-

7

Creditors

Creditors: amounts falling due within one year

	Note	2023 £	2022 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	146,368	91,508
Accruals and deferred income		1,200	1,200
		147,568	92,708

8	Related party transactions

Summary of transactions with subsidiaries

The company has taken advantage of the exemption in section 33 of FRS 102 'Related Party Disclosures' from disclosing transactions with other members of the group in which any subsidiary which is a party to the transaction is wholly owned by the group.