OTHER ART FAIRS LTD

• ⚠

  Material uncertainty over going concern

  The company incurred a net profit of ",007 during the year ended 31 December 2024 and, as of that date, the company's current liabilities exceeded its total assets by ",810,726, The company relies heavily on the financial support from its ultimate parent company, Graham Holdings Company. Although Graham Holdings Company has given its undertaking to continue to provide financial support to the company to enable the company meets its liabilities as and when they fall due, the director is aware of potential material uncertainties relating to going concern if the financial support is withdrawn.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -2.3%

  £947,319 → £925,802

• Cash

  -1.3%

  £153,223 → £151,215

• Net assets

  —

  Not reported

• Employees

  -14.3%

  7 → 6

• Operating profit

  +101.6%

  -£404,175 → £6,549

• Profit before tax

  +101.7%

  -£400,602 → £7,007

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Xeinadin Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The company incurred a net profit of ",007 during the year ended 31 December 2024 and, as of that date, the company's current liabilities exceeded its total assets by ",810,726, The company relies heavily on the financial support from its ultimate parent company, Graham Holdings Company. Although Graham Holdings Company has given its undertaking to continue to provide financial support to the company to enable the company meets its liabilities as and when they fall due, the director is aware of potential material uncertainties relating to going concern if the financial support is withdrawn.”

Group structure

1. OTHER ART FAIRS LTD · parent
   1. The Other Art Fairs Australia Pty Ltd 100% · Australia

Significant events

• “In 2024, The Other Art Fairs Ltd had another successful year, hosting four fairs with a strategic emphasis on sustainability and operational efficiencies. Although the number of fairs decreased from five to four compared to the previous year, this decision enabled a more focused approach to environmental responsibility. Notably, the Melbourne fair was postponed to January 2025. Entering its 14th year, The Other Art Fairs Ltd boasts a powerful reputation within the artistic community. This is evident in the impressive number of artists applying to participate, with over 1,500 applications received for 2024 editions. Our milestone 100th edition was the biggest fair in our history, showcasing over 200 artists in October at London's Truman Brewery. Additionally, overall Audience attendance continues to remain strong exceeding 30,000 visitors across all fairs. Attendee quality continues to strengthen, reflected in the acquisition of over 5,000 artworks at the fairs.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.