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REGISTERED NUMBER: 11876437 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE PRESS BUSINESS LIMITED

THE PRESS BUSINESS LIMITED (REGISTERED NUMBER: 11876437)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE PRESS BUSINESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P S Thomson
S B Goodman





REGISTERED OFFICE: 4th Floor, Charles House
108-110 Finchley Road
London
NW3 5JJ





REGISTERED NUMBER: 11876437 (England and Wales)





ACCOUNTANTS: Numera North Limited
4th Floor, Charles House
108-110 Finchley Road
London
NW3 5JJ

THE PRESS BUSINESS LIMITED (REGISTERED NUMBER: 11876437)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,329 4,224

CURRENT ASSETS
Debtors 5 9,743 35,451
Cash at bank and in hand 37,476 62,721
47,219 98,172
CREDITORS
Amounts falling due within one year 6 47,758 59,203
NET CURRENT (LIABILITIES)/ASSETS (539 ) 38,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,790

43,193

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,690 43,093
SHAREHOLDERS' FUNDS 4,790 43,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:





S B Goodman - Director


THE PRESS BUSINESS LIMITED (REGISTERED NUMBER: 11876437)

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

1. STATUTORY INFORMATION

The Press Business 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.

The presentation currency of the financial statements is the Pound Sterling (£) and rounded to the nearest £.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 2 (2022 - 2 ) .

THE PRESS BUSINESS LIMITED (REGISTERED NUMBER: 11876437)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 4,524
Additions 2,333
At 31 December 2023 6,857
DEPRECIATION
At 1 January 2023 300
Charge for year 1,228
At 31 December 2023 1,528
NET BOOK VALUE
At 31 December 2023 5,329
At 31 December 2022 4,224

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 5,997 -
Other debtors 3,746 35,451
9,743 35,451

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 201
Taxation and social security 44,864 56,122
Other creditors 2,894 2,880
47,758 59,203

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
S B Goodman
Balance outstanding at start of year - (26,250 )
Amounts advanced 70,000 67,500
Amounts repaid (70,000 ) (41,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

THE PRESS BUSINESS LIMITED (REGISTERED NUMBER: 11876437)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

P S Thomson
Balance outstanding at start of year (1,548 ) (27,798 )
Amounts advanced 70,000 67,500
Amounts repaid (70,000 ) (41,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,548 ) (1,548 )