21Six Publishing Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

21Six Publishing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07036468 . The registered office is The Barn Calcot Mount, Calcot Lane, Curdridge, Hampshire, SO32 2BN.

The company was formerly known as Athletics Weekly Limited and changed its name to 21Six Publishing Limited on 4 June 2024. This name change has been duly registered with Companies House.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Going Concern Disclosure

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

During the period, the company sold the bulk of its trade and assets, significantly altering its operational structure. Despite this, the company remains solvent, with sufficient resources to meet its obligations as they fall due.

It should be noted that the company's ability to meet its liabilities is currently supported by financial funding from the director. This financial support is intended to ensure that the company remains solvent and can continue to meet its obligations. The director has concluded that there are no material uncertainties that cast significant doubt upon the company's ability to continue as a going concern for the foreseeable future, given the continued support of the director.

Based on the above assessment, the director believes that it is appropriate to prepare the financial statements on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 3 years.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets relates to website development. It is amortised to profit and loss account over its estimated economic life of 3 years.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% on cost
Computer Equipment	33% on cost

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21Six Publishing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.8. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.9. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.10. Recharging of Expenses

During its operations, the business incurs expenses on behalf of other entities within the group, which are subsequently recharged at cost. These recharges primarily arise due to administrative errors where invoices have been initially directed to the incorrect entity.

To ensure that the financial statements present a true and fair view without overstating the revenue or expenses of any individual entity, recharged expenses are netted off in the profit and loss account. Specifically, the expense initially recorded in the entity that received the invoice in error is offset by the corresponding recharge to the correct entity.

This policy of netting off is adopted to avoid inflating both income and expenses, thereby providing a more accurate representation of the financial performance of each entity within the Group.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: 6)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	2,700
Additions	14,316
Disposals	(17,016 )

As at 31 December 2024	-

Amortisation
As at 1 January 2024	1,491
Disposals	(1,491 )

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	1,209

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21Six Publishing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	427	1,875	2,302
Additions	-	1,041	1,041
Disposals	-	(1,874 )	(1,874 )

As at 31 December 2024	427	1,042	1,469

Depreciation
As at 1 January 2024	427	1,241	1,668
Provided during the period	-	932	932
Disposals	-	(1,774 )	(1,774 )

As at 31 December 2024	427	399	826

Net Book Value
As at 31 December 2024	-	643	643

As at 1 January 2024	-	634	634

6. Investments

	Listed
	£
Cost
As at 1 January 2024	100
Disposals	(100 )

As at 31 December 2024	-

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	100

7. Stocks

	2024	2023
	£	£
Stock	-	6,328

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21Six Publishing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	23,364	20,512
Amounts owed by group undertakings	172,070	-
Other debtors	645	44,611

	196,079	65,123

9. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	313,829	31,778
Amounts owed to group undertakings	2,449	245,675
Other creditors	216,350	57,303

	532,628	334,756

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	131,288	131,288

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	-	1,451
Later than one year and not later than five years	-	725

	-	2,176

Computer equipment is being leased for use by employees.

12. Related Party Transactions

The company has taken the exemption available under FRS 102 section 33.1a, whereby it is not required to disclose

transactions with group companies. The directors have reviewed other related party transactions, these are deemed to have

been concluded under normal market conditions and do not require additional disclosure in the financial statements

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		1,209
Tangible Assets	5		643		634
Investments	6		-		100

			643		1,943
CURRENT ASSETS
Stocks	7	-		6,328
Debtors	8	196,079		65,123
Cash at bank and in hand		18,660		6,817

		214,739		78,268
Creditors: Amounts Falling Due Within One Year	9	(532,628 )		(334,756 )

NET CURRENT ASSETS (LIABILITIES)			(317,889 )		(256,488 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(317,246 )		(254,545 )

NET LIABILITIES			(317,246 )		(254,545 )

CAPITAL AND RESERVES
Called up share capital	10		131,288		131,288
Share premium account			621,862		621,862
Profit and Loss Account			(1,070,396 )		(1,007,695 )

SHAREHOLDERS' FUNDS			(317,246)		(254,545)