Registration number: 12065014

Pubity Group Ltd

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Pubity Group Ltd

Company Information

Directors

K Chilvers A W Solomou

Registered office

86-90 Paul Street London EC2A 4NE

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Pubity Group Ltd

Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	7,986	-
Tangible assets	5	50,279	6,330
Investments	6	24,999	24,999
		83,264	31,329
Current assets
Debtors	7	4,381,296	1,605,903
Cash at bank and in hand		2,589,320	567,485
		6,970,616	2,173,388
Creditors: Amounts falling due within one year	8	(2,076,619)	(700,532)
Net current assets		4,893,997	1,472,856
Net assets		4,977,261	1,504,185
Capital and reserves
Called up share capital		100	100
Retained earnings		4,977,161	1,504,085
Shareholders' funds		4,977,261	1,504,185

For the financial year ending 31 December 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 year 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Pubity Group Ltd have elected not to include a copy of the profit and loss account within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Pubity Group Ltd

Statement of Financial Position as at 31 December 2024

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

.........................................

K Chilvers

Director

Company registration number: 12065014

Pubity Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
86-90 Paul Street
London
EC2A 4NE

The principal activity of the company is digital media publishing.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Group accounts not prepared

The company has taken advantage of the exemption contained within Section 399 of Companies Act 2006 from preparing consolidated financial statements on the basis that the company and its subsidiary undertaking comprise a small group.

Going concern

The company made a profit for the year ended 31 December 2024 and had net assets at that date of £4,977,261, including cash at bank of £2,589,320.

Based on the above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Pubity Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Digital publishing revenue is recognised on the publishing of the agreed content as this act is so significant in relation to the service transaction taken as a whole.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	3 years straight line

Intangible assets

Intangible assets are initially recognised at cost. Intangible assets are amortised over their estimated useful economic lives once capable of producing future economic benefit.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Pubity Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Asset class	Amortisation method and rate
Publishing titles	10 years straight line

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 25 (2023 - 16).

4	Intangible assets

	Publishing titles  £
Cost
Additions acquired separately	7,986
At 31 December 2024	7,986
Carrying amount
At 31 December 2024	7,986
At 31 December 2023	-

Pubity Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Furniture, fittings and equipment  £
Cost or valuation
At 1 January 2024	9,072
Additions	67,141
At 31 December 2024	76,213
Depreciation
At 1 January 2024	2,742
Charge for the year	23,192
At 31 December 2024	25,934
Carrying amount
At 31 December 2024	50,279
At 31 December 2023	6,330

6	Investments

	Unlisted investments £
Non-current financial assets
Cost at 1 January 2024 and 31 December 2024	24,999
Carrying amount
At 31 December 2024	24,999
At 31 December 2023	24,999

7

Debtors

	2024 £	2023 £
Trade debtors	1,704,819	737,550
Other debtors	2,676,477	868,353
	4,381,296	1,605,903

Pubity Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Trade creditors	445,136	132,360
Taxation and social security	1,173,222	422,310
Accruals and deferred income	383,185	121,284
Other creditors	75,076	24,578
	2,076,619	700,532