Registration number:
for the Year Ended 31 December 2023
Thomson Information & Solutions (Holdings) Limited
Contents
Page(s)
Directors' Report |
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Profit and Loss Account |
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Balance Sheet |
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Notes to the Financial Statements |
Thomson Information & Solutions (Holdings) Limited
Directors' Report for the Year Ended 31 December 2023
The Directors present their report and financial statements for the year ended 31 December 2023.
Directors of the Company
The Directors, who held office during the year, were as follows:
Approved by the
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Thomson Information & Solutions (Holdings) Limited
Profit and Loss Account for the Year Ended 31 December 2023
Note |
2023 |
2022 |
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Interest receivable and similar income |
- |
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Gain on sale of shares in group undertaking |
- |
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Profit before taxation |
- |
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Tax on profit |
- |
- |
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Profit for the financial year |
- |
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Thomson Information & Solutions (Holdings) Limited
(Registration number: 04066194)
Balance Sheet as at 31 December 2023
Note |
31 December |
31 December |
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Fixed assets |
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Investments |
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Current assets |
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Trade and other debtors |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Retained earnings |
( |
( |
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Shareholders' funds |
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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:
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Approved by the
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Thomson Information & Solutions (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
General information |
The Company is a private company limited by share capital, incorporated and domiciled in United Kingdom.
The address of its registered office is:
United Kingdom
The principal activity of the Company is to act as a holding Company.
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 liabililies and consequently, has made neither profit or loss. None of the Directors received any emoluments in respect of their services to the Company.
Fixed asset investments
The Company holds investments in other companies. These are recognised as fixed asset investments and are stated at historical cost less provision for any dimunition in value.
Interest receivable and similar income |
2023 |
2022 |
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Income from financial assets |
- |
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Thomson Information & Solutions (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
Tax on profit |
Tax credited in the income statement
2023 |
2022 |
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Current tax |
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UK corporation tax |
- |
- |
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 |
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Profit before tax |
- |
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Corporation tax at standard rate |
- |
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Increase from effect of revenues exempt from taxation |
- |
( |
Total tax charge/(credit) |
- |
- |
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 & Solutions (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
Investments |
Subsidiaries |
£ |
Cost or valuation |
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At 1 January 2023 |
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At 31 December 2023 |
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At 31 December 2022 |
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The Directors are of the opinion that the value of the Company's investments is not less than the value of which it is stated in the Balance sheet as at 31 December 2023.
Details of undertakings
Details of the investments in which the Company holds direct and indirect investment in any class of share capital are as follows:
Name of subsidiary |
Principal activity |
Registered office |
Proportion of ownership interest and voting rights held |
2022 |
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Dormant |
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Holding Company |
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* indicates direct investment of the Company
Thomson Information & Solutions (Holdings) Limited
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
Debtors: amounts falling due within one year |
31 December |
31 December |
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Amount owed by group undertakings |
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Debtor balance only consists of oustanding interest on preference shares due from a fellow group undertaking.
Called up share capital |
Allotted, called up and fully paid shares
31 December |
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No. |
£ |
No. |
£ |
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Ordinary Shares of £1 (2022 - £1) each |
600,000,003 |
600,000,003 |
600,000,003 |
600,000,003 |
Parent and ultimate parent undertaking |
The Company's immediate parent is
The ultimate parent is
The most senior parent entity producing publicly available financial statements is
The ultimate controlling party is
Relationship between entity and parents
The parent of the largest group in which these financial statements are consolidated is
The address of Thomson Reuters Corporation is: