IRIS Accounts Productionv23.4.0.33608842403Board of Directors1.1.2331.12.2331.12.23falsetruefalsefalsefalsetruefalseOrdinary 1p0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088424032022-12-31088424032023-12-31088424032023-01-012023-12-31088424032021-12-31088424032022-01-012022-12-31088424032022-12-3108842403ns15:EnglandWales2023-01-012023-12-3108842403ns14:PoundSterling2023-01-012023-12-3108842403ns10:Director12023-01-012023-12-3108842403ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108842403ns10:SmallEntities2023-01-012023-12-3108842403ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108842403ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108842403ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108842403ns10:FullAccounts2023-01-012023-12-310884240312023-01-012023-12-3108842403ns10:OrdinaryShareClass12023-01-012023-12-3108842403ns10:Director22023-01-012023-12-3108842403ns10:Director32023-01-012023-12-3108842403ns10:CompanySecretary12023-01-012023-12-3108842403ns10:RegisteredOffice2023-01-012023-12-3108842403ns5:CurrentFinancialInstruments2023-12-3108842403ns5:CurrentFinancialInstruments2022-12-3108842403ns5:Non-currentFinancialInstruments2023-12-3108842403ns5:Non-currentFinancialInstruments2022-12-3108842403ns5:ShareCapital2023-12-3108842403ns5:ShareCapital2022-12-3108842403ns5:SharePremium2023-12-3108842403ns5:SharePremium2022-12-3108842403ns5:RetainedEarningsAccumulatedLosses2023-12-3108842403ns5:RetainedEarningsAccumulatedLosses2022-12-3108842403ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3108842403ns5:PlantMachinery2023-01-012023-12-3108842403ns5:FurnitureFittings2023-01-012023-12-3108842403ns5:MotorVehicles2023-01-012023-12-3108842403ns5:ComputerEquipment2023-01-012023-12-3108842403ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-3108842403ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-3108842403ns5:ComputerSoftware2022-12-3108842403ns5:PatentsTrademarksLicencesConcessionsSimilar2023-01-012023-12-3108842403ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-012023-12-3108842403ns5:ComputerSoftware2023-01-012023-12-3108842403ns5:PatentsTrademarksLicencesConcessionsSimilar2023-12-3108842403ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-12-3108842403ns5:ComputerSoftware2023-12-3108842403ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-3108842403ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-3108842403ns5:ComputerSoftware2022-12-3108842403ns5:PlantMachinery2022-12-3108842403ns5:FurnitureFittings2022-12-3108842403ns5:MotorVehicles2022-12-3108842403ns5:ComputerEquipment2022-12-3108842403ns5:PlantMachinery2023-12-3108842403ns5:FurnitureFittings2023-12-3108842403ns5:MotorVehicles2023-12-3108842403ns5:ComputerEquipment2023-12-3108842403ns5:PlantMachinery2022-12-3108842403ns5:FurnitureFittings2022-12-3108842403ns5:MotorVehicles2022-12-3108842403ns5:ComputerEquipment2022-12-3108842403ns5:CostValuation2022-12-3108842403ns5:DisposalsRepaymentsInvestments2023-12-3108842403ns5:CostValuation2023-12-3108842403ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3108842403ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3108842403ns10:OrdinaryShareClass12023-12-3108842403ns5:RetainedEarningsAccumulatedLosses2022-12-3108842403ns5:SharePremium2022-12-3108842403ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31

REGISTERED NUMBER: 08842403 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR


TRIBUNE GROUP LIMITED


TRIBUNE GROUP LIMITED (REGISTERED NUMBER: 08842403)







CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




TRIBUNE GROUP LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023









DIRECTORS:

D J Mitchell


E A Mason


P A Buck







SECRETARY:

Mark Law Registrars Limited







REGISTERED OFFICE:

2 Upperton Gardens


Eastbourne


East Sussex


BN21 2AH







REGISTERED NUMBER:

08842403 (England and Wales)







ACCOUNTANTS:

x5 Xeinadin Group


2 Upperton Gardens


Eastbourne


East Sussex


BN21 2AH


TRIBUNE GROUP LIMITED (REGISTERED NUMBER: 08842403)


BALANCE SHEET

31 DECEMBER 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Intangible assets

4

2,651,256


2,201,629



Tangible assets

5

40,540


44,330



Investments

6

-


1,000



2,691,796


2,246,959




CURRENT ASSETS

Stocks

498,639


459,471



Debtors

7

89,526


77,433



Cash at bank

6,198


39,302



594,363


576,206



CREDITORS

Amounts falling due within one year

8

300,426


1,967,860



NET CURRENT ASSETS/(LIABILITIES)

293,937


(1,391,654

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

2,985,733


855,305




CREDITORS

Amounts falling due after more than one

year

9

32,352


37,817



NET ASSETS

2,953,381


817,488




CAPITAL AND RESERVES

Called up share capital

10

11,997


10,652



Share premium

11

6,090,618


3,661,536



Retained earnings

11

(3,149,234

)

(2,854,700

)


SHAREHOLDERS' FUNDS

2,953,381


817,488




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.


TRIBUNE GROUP LIMITED (REGISTERED NUMBER: 08842403)


BALANCE SHEET - continued

31 DECEMBER 2023



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 22 April 2024 and were signed on its behalf by:






E A Mason - Director



TRIBUNE GROUP LIMITED (REGISTERED NUMBER: 08842403)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023


1.

STATUTORY INFORMATION



Tribune Group 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.    



Preparation of consolidated financial statements

The financial statements contain information about Tribune Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.


Related party exemption


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.



Turnover

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


Intangible assets

Intangible assets are stated at cost less amortisation. Amortisation begins once the asset is available for use in the manner intended by management and is provided in a straight-line method over the useful life of the asset.


Tangible fixed assets


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


Plant and machinery

-  

25% on reducing balance and 20% on cost


Fixtures and fittings

-

25% on reducing balance


Motor vehicles

-

25% on reducing balance


Computer equipment

-

25% on reducing balance



Investments in subsidiaries


Investments in subsidiary undertakings are recognised at cost.



Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


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.


TRIBUNE GROUP LIMITED (REGISTERED NUMBER: 08842403)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 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.


Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.


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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 5 (2022 - 3 ) .


4.

INTANGIBLE FIXED ASSETS


Patents



and


Development


Computer



licences


costs


software


Totals

£   

£   

£   

£   



COST


At 1 January 2023

55,140


2,197,344


10,180


2,262,664




Additions

-


450,698


-


450,698




At 31 December 2023

55,140


2,648,042


10,180


2,713,362




AMORTISATION


At 1 January 2023

55,140


-


5,895


61,035




Amortisation for year

-


-


1,071


1,071




At 31 December 2023

55,140


-


6,966


62,106




NET BOOK VALUE


At 31 December 2023

-


2,648,042


3,214


2,651,256




At 31 December 2022

-


2,197,344


4,285


2,201,629




TRIBUNE GROUP LIMITED (REGISTERED NUMBER: 08842403)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023


5.

TANGIBLE FIXED ASSETS


Fixtures



Plant and


and


Motor


Computer



machinery


fittings


vehicles


equipment


Totals

£   

£   

£   

£   

£   



COST


At 1 January 2023

63,581


21,903


22,000


10,315


117,799




Additions

-


9,029


-


2,741


11,770




At 31 December 2023

63,581


30,932


22,000


13,056


129,569




DEPRECIATION


At 1 January 2023

36,498


15,078


15,756


6,137


73,469




Charge for year

8,618


3,964


1,521


1,457


15,560




At 31 December 2023

45,116


19,042


17,277


7,594


89,029




NET BOOK VALUE


At 31 December 2023

18,465


11,890


4,723


5,462


40,540




At 31 December 2022

27,083


6,825


6,244


4,178


44,330




6.

FIXED ASSET INVESTMENTS


Shares in


group


undertakings

£   



COST


At 1 January 2023

1,000




Disposals

(1,000

)



At 31 December 2023

-




NET BOOK VALUE


At 31 December 2023

-




At 31 December 2022

1,000




7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Trade debtors

12,280


16,920




Other debtors

77,246


60,513



89,526


77,433




TRIBUNE GROUP LIMITED (REGISTERED NUMBER: 08842403)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023


8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Bank loans and overdrafts

5,556


5,556




Trade creditors

72,977


20,237




Amounts owed to group undertakings

-


2,675




Taxation and social security

72,524


39,963




Other creditors

149,369


1,899,429



300,426


1,967,860




9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR


2023

2022


£   

£   



Bank loans

32,352


37,817




10.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2023

2022



value:

£   

£   



1,199,710

Ordinary 1p

0.01

11,997


10,652




11.

RESERVES


Retained


Share



earnings


premium


Totals

£   

£   

£   




At 1 January 2023

(2,854,700

)

3,661,536


806,836




Deficit for the year

(294,534

)

(294,534

)



Cash share issue

-


2,429,082


2,429,082




At 31 December 2023

(3,149,234

)

6,090,618


2,941,384