REGISTERED NUMBER: 13846551 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024

FOR

GOALHANGER PODCASTS LTD

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

42,890

36,927

Tangible assets

5

111,402

74,524

154,292

111,451

CURRENT ASSETS

Debtors

6

4,856,212

2,206,407

Cash at bank

5,033,607

2,726,567

9,889,819

4,932,974

CREDITORS

Amounts falling due within one year

7

(5,407,064

)

(3,527,562

)

NET CURRENT ASSETS

4,482,755

1,405,412

TOTAL ASSETS LESS CURRENT LIABILITIES

4,637,047

1,516,863

PROVISIONS FOR LIABILITIES

9

(38,573

)

(18,600

)

NET ASSETS

4,598,474

1,498,263

CAPITAL AND RESERVES

Called up share capital

10

150

150

Retained earnings

4,598,324

1,498,113

4,598,474

1,498,263

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 14 November 2025 and were signed on its behalf by:

J W Davenport - Director

A N Pastor - Director

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 can be found on the Company Information page.

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.

Following a change in the company's accounting reference date from 31 May to 31 December, the financial statements have been prepared for a 7 month period ended 31 December 2024. The change was made to align the financial year-end with internal reporting requirements. As a result, the current period covers 7 months, whereas the comparative figures cover 12 months. Consequently, the comparative amounts presented in the financial statements are not directly comparable.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable, net of discounts. Value added tax and other sales taxes that the company collects on behalf of the tax authority are excluded. Revenue is recognised as follows:

Memberships

Revenue from membership subscriptions is recognised on a straight-line basis over the period to which the membership relates, net of any discounts provided.

Advertising

Advertising revenue is recognised when the related show episode containing the advertisement is published and made available to the audience. Where advertising contracts include multiple placements or campaign milestones, revenue is recognised as each deliverable is fulfilled.

Events

Revenue from ticket sales for live events is recognised when the event takes place. Where tickets are sold in advance, amounts received are deferred and recognised as income in the period of the event. Sponsorship income related to events is recognised when the sponsored event occurs or over the sponsorship term, depending on the agreement.

Other income

Revenue from other income, including producing shows for third parties, is recognised over time as the services are delivered.

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.

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.

Basic financial instruments

The company classifies its financial instruments as basic in accordance with Section 11 of FRS 102. Basic financial instruments, including trade and other receivables, trade and other payables, and cash, are initially recognised at transaction price and subsequently measured at amortised cost. Any losses arising from impairment are recognised in the statement of income and retained earnings in other administrative expenses.

Taxation

Taxation for the period 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 period 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 payable under operating leases are generally charged to profit or loss on a straight line basis over the lease term. However, when rental payments are structured to increase in line with expected general inflation the company recognises rent expense equal to amounts owed to the lessor for the annual period. The aggregate benefits of lease incentives are recognised as a reduction to the expense recognised over the lease term on a straight-line basis.

Going concern

In considering the company's ability to continue as a going concern, the directors have assessed contracts with customers and expected cash flows for the forthcoming financial year which show that the company will be able to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.

The directors' assessment of going concern considers the fact that the company is cash-generative to conclude that there are no uncertainties over the company's ability to continue as a going concern.

The company ended the period with cash balances of £5,033,607 (May 2024: £2,726,567).

3.

EMPLOYEES

The average number of employees during the period was 34 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Other

Website

intangibles

costs

Totals

£

£

£

COST

At 1 June 2024

1

36,926

36,927

Additions

-

7,293

7,293

At 31 December 2024

1

44,219

44,220

AMORTISATION

Amortisation for period

-

1,330

1,330

At 31 December 2024

-

1,330

1,330

NET BOOK VALUE

At 31 December 2024

1

42,889

42,890

At 31 May 2024

1

36,926

36,927

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2024

34,570

54,411

88,981

Additions

-

50,868

50,868

At 31 December 2024

34,570

105,279

139,849

DEPRECIATION

At 1 June 2024

7,465

6,992

14,457

Charge for period

3,973

10,017

13,990

At 31 December 2024

11,438

17,009

28,447

NET BOOK VALUE

At 31 December 2024

23,132

88,270

111,402

At 31 May 2024

27,105

47,419

74,524

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

as restated

£

£

Trade debtors

3,456,512

1,862,827

Other debtors

136,455

50,961

Directors' current accounts

1,353

28

VAT

543,780

203,251

Prepayments and accrued income

718,112

89,340

4,856,212

2,206,407

The amount due from the directors is interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

as restated

£

£

Trade creditors

1,280,680

950,101

Tax

1,263,219

614,545

Social security and other taxes

45,168

-

Other creditors

7,676

6,709

Accruals and deferred income

2,810,321

1,956,207

5,407,064

3,527,562

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2024

as restated

£

£

Within one year

170,612

82,388

Between one and five years

1,107,294

-

1,277,906

82,388

9.	PROVISIONS FOR LIABILITIES

2024

2024

as restated

£

£

Deferred tax

38,573

18,600

Deferred

tax

£

Balance at 1 June 2024

18,600

Accelerated capital allowances

19,973

Balance at 31 December 2024

38,573

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid

Nominal

Dec 2024

May 2024

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

Each share is entitled to the right to vote in respect of matters concerning the company. Dividends may be declared on one class of share to the exclusion of any other class of share, and dividends may be declared at different rates on the respective classes of shares. Each share has a right to receive a capital payment in the event of a sale or winding up.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Morris FCCA (Senior Statutory Auditor)

for and on behalf of Galloways Accounting

12.	RELATED PARTY DISCLOSURES

Amounts charged to cost of sales and administrative expenses for companies controlled by the shareholders (in aggregate)

Period

Year ended

1/6/24 to 31/12/24

31/5/24

as restated

£

£

Purchases

436,070

484,836

Amounts due to companies controlled by the shareholders

Period

Year ended

1/6/24 to 31/12/24

31/5/24

as restated

£

£

Amount due

38,386

67,830

Directors' advances, credits and guarantees

During the period, the company advanced £19,323 (May 2024: £Nil) to the directors and the directors made repayments of £18,000 (May 2024: £Nil). At the period end, the directors owed the company £1,353 (May 2024: £30). The amounts due from the directors are interest free and repayable on demand.

13.	PRIOR YEAR ADJUSTMENTS

The prior year has been restated to reflect a correction in the amounts reported in retained earnings, deferred income, prepayments and other creditors.

At 31 May 2024, there has been a £532,302 decrease in retained earnings, a £768,814 increase in deferred income, a £57,345 increase in prepayments and a £179,167 decrease in other creditors.

Profit and loss in the period ended 31 December 2024 is unaffected by the adjustment.