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REGISTERED NUMBER: 13846551 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

GOALHANGER PODCASTS LTD

GOALHANGER PODCASTS LTD (REGISTERED NUMBER: 13846551)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


GOALHANGER PODCASTS LTD (REGISTERED NUMBER: 13846551)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 36,927 1
Tangible assets 5 74,524 8,426
111,451 8,427

CURRENT ASSETS
Debtors 6 2,149,062 282,397
Cash at bank 2,726,567 560,539
4,875,629 842,936
CREDITORS
Amounts falling due within one year 7 (2,937,915 ) (260,378 )
NET CURRENT ASSETS 1,937,714 582,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,049,165

590,985

PROVISIONS FOR LIABILITIES 9 (18,600 ) -
NET ASSETS 2,030,565 590,985

CAPITAL AND RESERVES
Called up share capital 10 150 150
Retained earnings 2,030,415 590,835
2,030,565 590,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GOALHANGER PODCASTS LTD (REGISTERED NUMBER: 13846551)

BALANCE SHEET - continued
31 MAY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:




J Davenport - Director



A N Pastor - Director


GOALHANGER PODCASTS LTD (REGISTERED NUMBER: 13846551)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Goalhanger Podcasts Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13846551

Registered office: 3rd Floor
21 Perrymount Road
Haywards Heath
West Sussex
RH16 3TP

The presentation currency of the financial statements is the Pound Sterling (£).


Each unit has been rounded to the nearest whole pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31 May 2024 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 June 2023. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets comprises intellectual property held at cost.

Website costs are amortised at 20% on a straight-line basis, starting from the point at which the website is put into use for its intended purpose and is expected to generate probable future economic benefits.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% straight line

Tangible assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.


GOALHANGER PODCASTS LTD (REGISTERED NUMBER: 13846551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES

The average number of employees during the year was 16 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other Website
intangibles costs Totals
£    £    £   
COST
At 1 June 2023 1 - 1
Additions - 36,926 36,926
At 31 May 2024 1 36,926 36,927
NET BOOK VALUE
At 31 May 2024 1 36,926 36,927
At 31 May 2023 1 - 1

GOALHANGER PODCASTS LTD (REGISTERED NUMBER: 13846551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 - 9,356 9,356
Additions 34,570 45,055 79,625
At 31 May 2024 34,570 54,411 88,981
DEPRECIATION
At 1 June 2023 - 930 930
Charge for year 7,465 6,062 13,527
At 31 May 2024 7,465 6,992 14,457
NET BOOK VALUE
At 31 May 2024 27,105 47,419 74,524
At 31 May 2023 - 8,426 8,426

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,862,827 55,188
Other debtors 50,961 87,971
Directors' current accounts 28 28
VAT 203,251 91,656
Prepayments and accrued income 31,995 47,554
2,149,062 282,397

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 950,100 46,613
Other creditors 800,421 202,821
Accruals 783,896 10,944
Deferred income 403,498 -
2,937,915 260,378

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 82,388 109,850
Between one and five years - 82,388
82,388 192,238

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 18,600 -

GOALHANGER PODCASTS LTD (REGISTERED NUMBER: 13846551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Accelerated capital allowances 18,600
Balance at 31 May 2024 18,600

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid

Nominal 2024 2023
Number Class Value £    £   
50 Ordinary 1 50 50
25 Ordinary A 1 25 25
25 Ordinary B 1 25 25
25 Ordinary C 1 25 25
25 Ordinary D 1 25 25

150 150