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REGISTERED NUMBER: 13447510 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

North & Warren UK Ltd

North & Warren UK Ltd (Registered number: 13447510)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


North & Warren UK Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G Velotta
F Bland
M Carroll
N Van Sicklen





SECRETARY: Mr. G Velotta





REGISTERED OFFICE: 8 Hampstead Gate
1A Frognal
Hampstead
London
NW3 6AL





REGISTERED NUMBER: 13447510 (England and Wales)





ACCOUNTANTS: Brackman Chopra LLP
Chartered Accountants
8 Hampstead Gate
1 A Frognal
Hampstead
London
NW3 6AL

North & Warren UK Ltd (Registered number: 13447510)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,414 812

CURRENT ASSETS
Debtors 73,721 73,175
Cash at bank 64,762 44,030
138,483 117,205
CREDITORS
Amounts falling due within one year 77,688 95,546
NET CURRENT ASSETS 60,795 21,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,209

22,471

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 62,109 22,371
62,209 22,471

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.

North & Warren UK Ltd (Registered number: 13447510)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 July 2024 and were signed on its behalf by:




F Bland - Director M Carroll - Director




N Van Sicklen - Director G Velotta - Director


North & Warren UK Ltd (Registered number: 13447510)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

North & Warren UK Ltd 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.

Principal activity and turnover
The company's principal activity is that of publishing of consumer and business journals and periodicals.

Turnover represents the amounts (excluding VAT) derived from the company's principal activity. Revenue is recognised when the company becomes entitled to it.

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 etc - 25% Straight Line

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.

Foreign currencies
Functional and presentation currency
The Company's functional and presentation currency is the pound sterling.

Transactions and balances
Foreign currency transactions are translated into the functional currency at the rate of exchange ruling at the date of transaction.

Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the rate of exchange ruling at the date of the transaction.

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.

North & Warren UK Ltd (Registered number: 13447510)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial assets
Basic financial assets, including trade and other receivables, cash & bank balances, investments and loans from connected and fellow group entities are initially recognised at transaction price and subsequently measured at amortised cost.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from connected and fellow group companies are initially measured at transaction price and subsequently measured at amortised cost.

Derecognition of financial assets and liabilities

A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all risks and rewards of ownership are transferred to another party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 1,083
Additions 1,164
At 31 December 2023 2,247
DEPRECIATION
At 1 January 2023 271
Charge for year 562
At 31 December 2023 833
NET BOOK VALUE
At 31 December 2023 1,414
At 31 December 2022 812

5. RELATED PARTY DISCLOSURES

NORTH & WARREN LLC
Parent company

As at 31 December 2023 North & Warren UK Ltd owed £50,712 (2022 £77,380) to North & Warren LLC.

During the year the company charged a management fee of £499,054 (2022 £481,711) to it's parent North & Warren LLC.

North & Warren UK Ltd (Registered number: 13447510)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is North & Warren LLC, by virtue of it's ownership of 100% of the voting share capital in North & Warren UK Ltd..