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REGISTERED NUMBER: SC169395 (Scotland)













Unaudited Financial Statements

for the Period

1 January 2023 to 30 June 2023

for

Barrington Stoke Limited

Barrington Stoke Limited (Registered number: SC169395)






Contents of the Financial Statements
for the Period 1 January 2023 to 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Barrington Stoke Limited

Company Information
for the Period 1 January 2023 to 30 June 2023







DIRECTORS: S R P Dowson-Collins
D P Alford
C G M Redmayne



SECRETARY: S R P Dowson-Collins



REGISTERED OFFICE: 103 Westerhill Road
Bishopbriggs
Glasgow
G64 2QT



REGISTERED NUMBER: SC169395 (Scotland)



ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG



BANKERS: HSBC
76 Hanover Street
Edinburgh
EH2 1HQ

Barrington Stoke Limited (Registered number: SC169395)

Balance Sheet
30 June 2023

30.6.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 4,005 9,114

CURRENT ASSETS
Stocks 467,513 450,224
Debtors 5 1,738,750 755,056
Cash at bank and in hand 206,862 993,436
2,413,125 2,198,716
CREDITORS
Amounts falling due within one year 6 526,986 450,655
NET CURRENT ASSETS 1,886,139 1,748,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,890,144

1,757,175

CAPITAL AND RESERVES
Called up share capital 8 76,002 76,002
Share premium 911,487 911,487
Capital redemption reserve 15,206 15,206
Share option reserve - 5,760
Retained earnings 887,449 748,720
SHAREHOLDERS' FUNDS 1,890,144 1,757,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





D P Alford - Director


Barrington Stoke Limited (Registered number: SC169395)

Notes to the Financial Statements
for the Period 1 January 2023 to 30 June 2023

1. STATUTORY INFORMATION

Barrington Stoke Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represent the value of services provided under contracts to the extent that there is a right to consideration and is recorded at fair value of the consideration received or receivable.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings - 25% per annum
Computer equipment - 25% per annum

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs).

Financial assets are derecognised when and only when contractual rights to the cash flows from the financial asset expire or are settled. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Barrington Stoke Limited (Registered number: SC169395)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2023

2. ACCOUNTING POLICIES - continued
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.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 16 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 January 2023 4,139 16,637 20,776
Additions - 47 47
Disposals - (8,195 ) (8,195 )
At 30 June 2023 4,139 8,489 12,628
DEPRECIATION
At 1 January 2023 4,041 7,621 11,662
Charge for period 23 1,052 1,075
Eliminated on disposal - (4,114 ) (4,114 )
At 30 June 2023 4,064 4,559 8,623
NET BOOK VALUE
At 30 June 2023 75 3,930 4,005
At 31 December 2022 98 9,016 9,114

Barrington Stoke Limited (Registered number: SC169395)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.12.22
£ £
Trade debtors 466,747 467,812
Other debtors 1,272,003 287,244
1,738,750 755,056

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.12.22
£ £
Trade creditors 384,715 307,596
Taxation and social security 102,821 68,102
Other creditors 39,450 74,957
526,986 450,655

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 31.12.22
£ £
Within one year 19,376 19,376
Between one and five years 22,605 32,293
41,981 51,669

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Nominal 30.06.23 31.12.22
Number: Class: value: £    £   
760,015 (2022: 760,015) Ordinary 10p 76,002 76,002


9. RELATED PARTY DISCLOSURES

Transactions with related parties during the year and balances outstanding at the period end were as follows:





Transaction type

Transactions in the
period / year
Balance
receivable/(payable) to
related party at
Balance
receivable/(payable) to
related party at
30.06.23 31.12.22
£ £ £


Jenny BrownAssociates
Author
Advances

2,250 (2022: 1,920)

(1,250)

nil

HarperCollins Publishers
Limited
Intercompany
Loan

1,000,000 (2022: nil

)

1,000,000

nil


A director who resigned during the period is an agent for Jenny Brown Associates.

HarperCollins Publishers Limited is the parent company of Barrington Stoke Limited.

10. POST BALANCE SHEET EVENTS

The company ceased to trade on 1st July 2023. All the trading assets were moved to the parent company, HarperCollins Publishers Limited.

Barrington Stoke Limited (Registered number: SC169395)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2023

11. ULTIMATE CONTROLLING PARTY

The company's immediate controlling party is HarperCollins Publishers Limited, a company incorporated in Scotland.

The ultimate parent is News Corporation, a company incorporated in Delaware, United States of America.

The smallest and largest group in which the results of the company are consolidated is that headed by News Corporation, whose principal place of business is 1211 Avenue of the Americas, New York, NY 10036. The consolidated financial statements are available to the public and may be obtained from 1 London Bridge Street, London, SE1 9GF.

12. SHARE-BASED PAYMENT TRANSACTIONS

During the year ended 31st December 2015, a total of 7,500 share options were granted to employees. The options had a long stop vesting period of ten years and are exercisable at a price of £1 per share.

During the period ended 30th June 2023, all share options held by employees were cancelled. As consideration for the cancellation of the options and the waiver of all rights and claims in respect thereof, a option cancellation payment was made to the employees.

The total cost recognised in the income statement in relation to the option cancellation payment is £33,900.