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Registration number: 12509496

Sixth Continent Holdings Limited
Unaudited Filleted Financial Statements
for the Period from 1 October 2023 to 18 September 2024

Sixth Continent Holdings Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Sixth Continent Holdings Limited

(Registration number: 12509496)
Balance Sheet as at 18 September 2024

| Note | 18 September 2024 £ | 30 September 2023 £
Fixed assets |  |  |
Investments | 5 | 1 | 1
Current assets |  |  |
Debtors | 6 | 104,509 | 10,100
Creditors: Amounts falling due within one year | 7 | (104,425) | (22,431)
Net current assets/(liabilities) |  | 84 | (12,331)
Net assets/(liabilities) |  | 85 | (12,330)
Capital and reserves |  |  |
Called up share capital | 8 | 85 | 100
Profit and loss account |  | - | (12,430)
Shareholders' funds/(deficit) |  | 85 | (12,330)

For the financial period ending 18 September 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 accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their 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 and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 September 2025 and signed on its behalf by:

......................................... M Allen Director

Sixth Continent Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 18 September 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
St Judes Church
Dulwich Road
London
SE24 0PB
England

These financial statements were authorised for issue by the Board on 12 September 2025.

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 are presented in Sterling (£), which is also the company&apos;s functional currency. Monetary amounts in these financial statements are rounded to the nearest £.

Group accounts not prepared

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Sixth Continent Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 18 September 2024

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

Sixth Continent Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 18 September 2024

4 | Investment properties

| 18 September 2024 £
Additions | 750,000
Disposals | (750,000)
At 18 September | -

5 | Investments

| 18 September 2024 £ | 30 September 2023 £
Investments in subsidiaries | 1 | 1

Subsidiaries | £
Cost or valuation
At 1 October 2023 | 1
Additions | 770,000
Disposals | (770,000)
At 18 September 2024 | 1
Carrying amount
At 18 September 2024 | 1
At 30 September 2023 | 1

During the year, the company invested £770,000 into one of its subsidiaries, in consideration for new ordinary shares. Subsequently, the subsidiary was transferred out of the group as part of a share capital reduction and group demerger process.

Sixth Continent Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 18 September 2024

6 | Debtors

Current | Note | 18 September 2024 £ | 30 September 2023 £
Amounts owed by related parties | 9 | 104,509 | 10,100
|  | 104,509 | 10,100

7 | Creditors

Creditors: amounts falling due within one year

| Note | 18 September 2024 £ | 30 September 2023 £
Due within one year |  |  |
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 9 | 104,425 | 19,910
Accruals and deferred income |  | - | 2,521
|  | 104,425 | 22,431

Sixth Continent Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 18 September 2024

8 | Share capital

Allotted, called up and fully paid shares

| 18 September 2024 | 30 September 2023
| No. | £ | No. | £
Ordinary shares of £0.01 each | 6,375 | 64 | 7,500 | 75
Ordinary A shares of £0.01 each | 2,125 | 21 | 2,500 | 25
| 8,500 | 85 | 10,000 | 100

Both classes of shares are entitled to full rights with respect to dividends, voting and a return of capital.

During the period the company undertook a share reclassification and a capital reduction process as a result of a group demerger:

| 1 October 2023 £ | 1 Aug 2024 Share reclassification £ | 20 Aug 2024 Share cancellation £ | 18 September 2024 £
7500 Ordinary shares of £0.01 each | 75 | - | - | -
2500 A Ordinary shares of £0.01 each | 25 | - | - | -
6375 Ordinary shares of £0.01 each | - | 64 | - | 64
1125 B1 Ordinary shares of £0.01 each | - | 11 | 11 | -
2125 A Ordinary shares of £0.01 each | - | 21 | - | 21
375 B2 Ordinary shares of £0.01 each | - | 4 | 4 | -
| 100 | 100 | 15 | 85

9 | Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are wholly owned as part of the group.

10 | Non adjusting events after the financial period

On 19 September 2024, the company was acquired by MA Exhibitions Limited.