Thomson Information & Publishing Holdings Limited 02994675 true 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Dormant company ONESOURCE Accounts Production 6.31.9627.0 0 02994675 2023-01-01 2023-12-31 02994675 2023-12-31 02994675 core:RetainedEarningsAccumulatedLosses 2023-12-31 02994675 core:SharePremium 2023-12-31 02994675 bus:FRS101 2023-01-01 2023-12-31 02994675 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02994675 bus:FullAccounts 2023-01-01 2023-12-31 02994675 bus:RegisteredOffice 2023-01-01 2023-12-31 02994675 bus:Director1 2023-01-01 2023-12-31 02994675 bus:Director2 2023-01-01 2023-12-31 02994675 bus:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 02994675 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02994675 countries:Canada 2023-01-01 2023-12-31 02994675 countries:UnitedKingdom 2023-01-01 2023-12-31 02994675 2022-12-31 02994675 2022-01-01 2022-12-31 02994675 2022-12-31 02994675 core:RetainedEarningsAccumulatedLosses 2022-12-31 02994675 core:SharePremium 2022-12-31 xbrli:pure iso4217:GBP

Registration number: 02994675

Thomson Information & Publishing Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Thomson Information & Publishing Holdings Limited

Contents

Page(s)

Directors' Report

1

Profit and Loss Account

2

Balance Sheet

3

Notes to the Financial Statements

4 to 6

 

Thomson Information & Publishing Holdings Limited

Directors' Report for the Year Ended 31 December 2023

The Directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the Company
 

The Directors, who held office during the year, were as follows:

K. Major

B.A. Boateng

Approved by the Board on 17 September 2024 and signed on its behalf by:

.........................................
B.A. Boateng
Director

   
     
 

Thomson Information & Publishing Holdings Limited

Profit and Loss Account for the Year Ended 31 December 2023

Note

2023
£

2022
£

Gain on sale of shares in group undertaking

-

1

Profit before taxation

 

-

1

Tax on profit

3

-

-

Profit for the financial year

 

-

1

 

Thomson Information & Publishing Holdings Limited

(Registration number: 02994675)
Balance Sheet as at 31 December 2023

Note

31 December
2023
£

31 December
2022
£

Current assets

 

Debtors: amounts falling within one year

4

133,493,957

133,493,957

Total assets

 

133,493,957

133,493,957

Capital and reserves

 

Called up share capital

5

463,000,000

463,000,000

Accumulated losses

 

(329,506,043)

(329,506,043)

Total shareholders' funds

 

133,493,957

133,493,957

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the Board on 17 September 2024 and signed on its behalf by:
 

.........................................
B.A. Boateng
Director

 

Thomson Information & Publishing Holdings Limited

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

1

General information

The Company is a private company limited by share capital, incorporated in United Kingdom and domiciled in England.

The address of its registered office is:
Five Canada Square
Canary Wharf
London
E14 5AQ
United Kingdom

2

Accounting policies

Basis of preparation

These financial statements are prepared in accordance with the Financial Reporting Standard 101, ‘Reduced Disclosure Framework’ (FRS 101) and the Companies Act 2006.

In preparing these financial statements, the Company applies the recognition, measurement and disclosure requirements of International Financial Reporting Standards as adopted by the UK (UK-adopted international accounting standards), but makes amendments where necessary in order to comply with the Companies Act 2006 and to take advantage of FRS 101 disclosure exemptions.
 

Trading Status
The Company has not traded during the year, has incurred no liabilities and consequently, has made neither profit or loss. None of the Directors received any emoluments in respect of their services to the Company.
 

 

Thomson Information & Publishing Holdings Limited

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

3

Tax on profit

Tax charged in the income statement

2023
£

2022
£

Total current income tax

-

-

The tax on profit before tax for the year is lower than the standard rate of corporation tax in the UK (2022 - lower than the standard rate of corporation tax in the UK) of 23.52% (2022: 19%).

The differences are reconciled below:

2023
£

2022
£

Profit before tax

-

1

Corporation tax at standard rate

-

-

Total tax charge

-

-

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the balance sheet date.

In the Spring Budget 2021, the UK Government announced that from 1 April 2023 the corporation tax rate would increase from 19% to 25%. This rate increase was substantively enacted on 24 May 2021. For the financial year ended 31 December 2023, the current weighted averaged tax rate was 23.5%. Deferred taxes at the balance sheet date have been measured using this enacted tax rate and reflected in these financial statements.

 

Thomson Information & Publishing Holdings Limited

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

4

Debtors: amounts falling due within one year

31 December
2023
£

31 December
2022
£

Amount owed by group undertakings

133,493,957

133,493,957

Amounts owed by fellow group undertakings are unsecured, non-interest bearing and repayable on demand.

 

5

Called up share capital

Allotted, called up and fully paid shares

 

31 December
2023


 
31 December
2022

 

No.

£

No.

£

Ordinary Shares of £0.64 of $1 each

726,902,000

463,000,000

726,902,000

463,000,000

         

All allotted share capital and called up share capital have been paid.

6

Parent and ultimate parent undertaking

The Company's immediate parent is Thomson Publishing Group Limited.

The ultimate parent is Thomson Investments Limited.

The most senior parent entity producing publicly available financial statements is Thomson Reuters Corporation. These financial statements are available upon request from from "Thomson Reuters", Five Canada Square, Canary Wharf, London, E14 5AQ, United Kingdom, and are publicly available at www.thomsonreuters.com.

The ultimate controlling party is Thomson Investments Limited..

Relationship between entity and parents

The parent of the largest group in which these financial statements are consolidated is Thomson Reuters Corporation, incorporated in Canada.

The address of Thomson Reuters Corporation is:
19 Duncan Street, Toronto, Ontario M5H 3G6, Canada.