IRIS Accounts Production v23.3.0.418 07785288 Board of Directors 1.4.22 31.3.23 31.3.23 20.11.23 0 false true false false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure077852882022-03-31077852882023-03-31077852882022-04-012023-03-31077852882021-03-31077852882021-04-012022-03-31077852882022-03-3107785288ns16:EnglandWales2022-04-012023-03-3107785288ns15:PoundSterling2022-04-012023-03-3107785288ns11:Director12022-04-012023-03-3107785288ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3107785288ns11:SmallEntities2022-04-012023-03-3107785288ns11:Audited2022-04-012023-03-3107785288ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107785288ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3107785288ns11:FullAccounts2022-04-012023-03-310778528812022-04-012023-03-3107785288ns11:OrdinaryShareClass12022-04-012023-03-3107785288ns11:Director42022-04-012023-03-3107785288ns11:CompanySecretary12022-04-012023-03-3107785288ns11:RegisteredOffice2022-04-012023-03-3107785288ns6:CurrentFinancialInstruments2023-03-3107785288ns6:CurrentFinancialInstruments2022-03-3107785288ns6:ShareCapital2023-03-3107785288ns6:ShareCapital2022-03-3107785288ns6:SharePremium2023-03-3107785288ns6:SharePremium2022-03-3107785288ns6:RetainedEarningsAccumulatedLosses2023-03-3107785288ns6:RetainedEarningsAccumulatedLosses2022-03-310778528812022-04-012023-03-3107785288ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107785288ns6:PatentsTrademarksLicencesConcessionsSimilar2022-04-012023-03-3107785288ns6:IntangibleAssetsOtherThanGoodwill2022-03-3107785288ns6:IntangibleAssetsOtherThanGoodwill2023-03-3107785288ns6:IntangibleAssetsOtherThanGoodwill2022-03-3107785288ns6:CostValuation2022-03-3107785288ns6:DisposalsRepaymentsInvestments2023-03-3107785288ns6:CostValuation2023-03-3107785288ns11:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 07785288 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

COUNTIES & CAPITAL NEWSPAPERS LIMITED

COUNTIES & CAPITAL NEWSPAPERS LIMITED (REGISTERED NUMBER: 07785288)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COUNTIES & CAPITAL NEWSPAPERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr D Cammiade
Mr O C Tindle





SECRETARY: Mr D Cammiade





REGISTERED OFFICE: The Old Court House
Union Road
Farnham
Surrey
GU9 7PT





REGISTERED NUMBER: 07785288 (England and Wales)





AUDITORS: Watson Associates (Audit Services) Ltd
Statutory Auditor
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

COUNTIES & CAPITAL NEWSPAPERS LIMITED (REGISTERED NUMBER: 07785288)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 - 392
- 392

CREDITORS
Amounts falling due within one year 6 (3,518,976 ) (3,518,976 )
NET CURRENT LIABILITIES (3,518,976 ) (3,518,976 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,518,976

)

(3,518,584

)

CAPITAL AND RESERVES
Called up share capital 7 5,000 5,000
Share premium 17,131,697 17,131,697
Retained earnings (20,655,673 ) (20,655,281 )
SHAREHOLDERS' FUNDS (3,518,976 ) (3,518,584 )

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2023 and were signed on its behalf by:





Mr D Cammiade - Director


COUNTIES & CAPITAL NEWSPAPERS LIMITED (REGISTERED NUMBER: 07785288)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Counties & Capital Newspapers Limited 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.

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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


COUNTIES & CAPITAL NEWSPAPERS LIMITED (REGISTERED NUMBER: 07785288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 4 ).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022 11,424,103
Disposals (11,424,103 )
At 31 March 2023 -
AMORTISATION
At 1 April 2022 11,424,103
Eliminated on disposal (11,424,103 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

COUNTIES & CAPITAL NEWSPAPERS LIMITED (REGISTERED NUMBER: 07785288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022 392
Disposals (294 )
At 31 March 2023 98
PROVISIONS
Provision for year 98
At 31 March 2023 98
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 392

Details of the company's subsidiaries at 31 March 2023 are as follows:



Holding
Shares
held

Status / Activity

Tindle Newspapers Essex & Kent Limited Ordinary 100 Newspaper publishers

All companies are registered in England and Wales unless stated otherwise.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 3,518,976 3,518,976

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,000 Ordinary £1 5,000 5,000

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

The Report of the Auditors was unqualified.

Stephen James Moore (Senior Statutory Auditor)
for and on behalf of Watson Associates (Audit Services) Ltd

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

COUNTIES & CAPITAL NEWSPAPERS LIMITED (REGISTERED NUMBER: 07785288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the executors to the estate of Sir Ray Tindle, being Simon K Pusey and Owen C Tindle.

The parent company is Tindle Press Holdings Limited, a company registered in England and Wales.

The ultimate controlling party of that company are the executors to the estate of Sir Ray Tindle. The executors being Simon K Pusey and Owen C Tindle, are considered the ultimate beneficial owners of the 100% interest, direct and indirect, in the ordinary shares of that company until the shares are distributed to the beneficiaries of the estate.

Tindle Press Holdings Limited prepare group financial statements, copies of which can be obtained from the Registrar of Companies, Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ. Tindle Press Holdings Limited's registered office is the Old Court House, Union Road, Farnham, Surrey GU9 7PT.