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REGISTERED NUMBER: 02611547 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

ROUTE ONE PUBLISHING LIMITED

ROUTE ONE PUBLISHING LIMITED (REGISTERED NUMBER: 02611547)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROUTE ONE PUBLISHING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: R J Adshead
A N Barriball
J P Howard





SECRETARY: G E C Hadwick





REGISTERED OFFICE: 83 Cambridge Street
Pimlico
London
SW1V 4PS





REGISTERED NUMBER: 02611547 (England and Wales)





ACCOUNTANTS: George Hay & Company
Chartered Accountants
83 Cambridge Street
London
SW1V 4PS

ROUTE ONE PUBLISHING LIMITED (REGISTERED NUMBER: 02611547)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,433 6,866
Tangible assets 5 25,800 39,087
Investments 6 79 83
29,312 46,036

CURRENT ASSETS
Debtors 7 1,101,918 1,126,218
Cash at bank and in hand 95,453 178,788
1,197,371 1,305,006
CREDITORS
Amounts falling due within one year 8 725,998 576,489
NET CURRENT ASSETS 471,373 728,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

500,685

774,553

CREDITORS
Amounts falling due after more than one
year

9

235,333

374,665
NET ASSETS 265,352 399,888

CAPITAL AND RESERVES
Called up share capital 35,834 35,834
Share premium 40,596 40,596
Retained earnings 188,922 323,458
SHAREHOLDERS' FUNDS 265,352 399,888

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

ROUTE ONE PUBLISHING LIMITED (REGISTERED NUMBER: 02611547)

BALANCE SHEET - continued
31ST 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th September 2024 and were signed on its behalf by:




A N Barriball - Director



J P Howard - Director


ROUTE ONE PUBLISHING LIMITED (REGISTERED NUMBER: 02611547)

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

1. STATUTORY INFORMATION

Route One Publishing 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 Route One Publishing 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.

Turnover
Turnover comprises amounts invoiced in respect of goods and services supplied during the period excluding Value Added Tax. Subscriptions are accounted for in the period to which they relate. Subscriptions for future periods are carried forward in the balance sheet as deferred income.

Intangible fixed assets
The cost of these assets are amortised over the period of time from which benefits are expected to accrue. The period of amortisation will be subject to review as will the valuation and it is the policy of the directors to revalue these assets, should this be appropriate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 3 years
Fixtures, fittings & equipment - Straight line over 3 years
Computer equipment - Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

ROUTE ONE PUBLISHING LIMITED (REGISTERED NUMBER: 02611547)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 752,272 110,317 862,589
AMORTISATION
At 1st January 2023 752,272 103,451 855,723
Charge for year - 3,433 3,433
At 31st December 2023 752,272 106,884 859,156
NET BOOK VALUE
At 31st December 2023 - 3,433 3,433
At 31st December 2022 - 6,866 6,866

ROUTE ONE PUBLISHING LIMITED (REGISTERED NUMBER: 02611547)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures,
to fittings Computer
property & equipment equipment Totals
£    £    £    £   
COST
At 1st January 2023 24,643 6,277 127,146 158,066
Additions - 419 2,092 2,511
At 31st December 2023 24,643 6,696 129,238 160,577
DEPRECIATION
At 1st January 2023 6,534 915 111,530 118,979
Charge for year 8,214 2,141 5,443 15,798
At 31st December 2023 14,748 3,056 116,973 134,777
NET BOOK VALUE
At 31st December 2023 9,895 3,640 12,265 25,800
At 31st December 2022 18,109 5,362 15,616 39,087

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023 83
Exchange differences (4 )
At 31st December 2023 79
NET BOOK VALUE
At 31st December 2023 79
At 31st December 2022 83

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 370,451 391,383
Amounts owed by group undertakings 688,913 707,037
Amounts owed by associates 163 -
Tax 1,335 -
Prepayments and accrued income 41,056 27,798
1,101,918 1,126,218

ROUTE ONE PUBLISHING LIMITED (REGISTERED NUMBER: 02611547)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 381,479 133,333
Hire purchase contracts (see note 10) 5,999 5,999
Trade creditors 56,688 116,432
Amounts owed to associates - 526
Tax - 1,335
Social security and other taxes 32,877 32,867
VAT 5,818 4,429
Other creditors 198 344
Directors' current accounts 60,000 60,000
Accruals and deferred income 182,939 221,224
725,998 576,489

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 133,333 133,333
Bank loans 2-3 years 100,000 133,333
Bank loans 3-4 years - 100,000
Hire purchase contracts (see note 10) 2,000 7,999
235,333 374,665

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 5,999 5,999
Between one and five years 2,000 7,999
7,999 13,998

Non-cancellable operating leases
2023 2022
£    £   
Within one year 27,500 27,500
Between one and five years 110,000 110,000
In more than five years 82,500 110,000
220,000 247,500

ROUTE ONE PUBLISHING LIMITED (REGISTERED NUMBER: 02611547)

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

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 366,666 499,999
Hire purchase contracts 7,999 13,998
374,665 513,997

The company's bankers have registered a fixed and floating charge over the assets of the company securing all monies and liabilities due to the bank by the company.

12. SHARE OPTIONS

On 5 November 2008 a maximum of 3,982 options were granted to one employee with an exercise price of £10.12 and the outcome linked to annual performance of the company. Of these 2,654 have vested and the remainder have lapsed. No options have been exercised at 31 December 2023 (31 December 2022 - nil).