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REGISTERED NUMBER: 00000295 (England and Wales)









Unaudited Financial Statements

for the Period

18 November 2022 to 15 November 2023

for

Methodist Newspaper Company Limited

Methodist Newspaper Company Limited (Registered number: 00000295)






Contents of the Financial Statements
for the Period 18 November 2022 to 15 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Methodist Newspaper Company Limited

Company Information
for the Period 18 November 2022 to 15 November 2023







DIRECTORS: M R Sleight
C Wells
Reverend S J Wild





SECRETARY: C Wells





REGISTERED OFFICE: Le Strange Old Barns Golf Course Road
Old Hunstanton
Hunstanton
PE36 6JG





REGISTERED NUMBER: 00000295 (England and Wales)





ACCOUNTANTS: G A Services
10 Ash Grove
South Wootton
King's Lynn
Norfolk
PE30 3TS

Methodist Newspaper Company Limited (Registered number: 00000295)

Balance Sheet
15 November 2023

15.11.23 17.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 452,450 404,637

CURRENT ASSETS
Debtors 5 4,576 4,623
Cash at bank 287,668 260,937
292,244 265,560
CREDITORS
Amounts falling due within one year 6 50,697 29,556
NET CURRENT ASSETS 241,547 236,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

693,997

640,641

CAPITAL AND RESERVES
Called up share capital 7,500 3,500
Retained earnings 686,497 637,141
693,997 640,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 15 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 15 November 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.

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 27 November 2024 and were signed on its behalf by:





M R Sleight - Director


Methodist Newspaper Company Limited (Registered number: 00000295)

Notes to the Financial Statements
for the Period 18 November 2022 to 15 November 2023

1. STATUTORY INFORMATION

Methodist Newspaper Company 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.

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

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

Taxation
Taxation for the period 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 period 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 period was 2 (2022 - 2 ) .

Methodist Newspaper Company Limited (Registered number: 00000295)

Notes to the Financial Statements - continued
for the Period 18 November 2022 to 15 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 18 November 2022 528,354 255,738 784,092
Additions - 51,387 51,387
At 15 November 2023 528,354 307,125 835,479
DEPRECIATION
At 18 November 2022 168,723 210,732 379,455
Charge for period 3,574 - 3,574
At 15 November 2023 172,297 210,732 383,029
NET BOOK VALUE
At 15 November 2023 356,057 96,393 452,450
At 17 November 2022 359,631 45,006 404,637

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
15.11.23 17.11.22
£    £   
Other debtors 4,576 4,623

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
15.11.23 17.11.22
£    £   
Trade creditors 3 1
Taxation and social security 28,344 25,898
Other creditors 22,350 3,657
50,697 29,556

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is a balance of £21,350 jointly owed to the company by the directors. (2022 £157) owed to the directors M R Sleight and C Wells . This is made up of amounts brought forward less monies withdrawn..

Methodist Newspaper Company Limited

Report of the Accountants to the Directors of
Methodist Newspaper Company Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 15 November 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






G A Services
10 Ash Grove
South Wootton
King's Lynn
Norfolk
PE30 3TS


27 November 2024