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REGISTERED NUMBER: 09835941 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

EDITION CAPITAL LTD

EDITION CAPITAL LTD (REGISTERED NUMBER: 09835941)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EDITION CAPITAL LTD

Company Information
for the year ended 30 April 2024







Directors: P N Bedford
Ms L B Shah
A M Spence
H J Heartfield





Secretary: P N Bedford





Registered office: 26 Litchfield Street
London
WC2H 9TZ





Registered number: 09835941 (England and Wales)





Accountants: Duncan & Toplis Limited
3rd Floor
Marlborough House, 298 Regents Park Road
Finchley
London
N3 2SZ

EDITION CAPITAL LTD (REGISTERED NUMBER: 09835941)

Balance Sheet
30 April 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 8,672 18,172
Tangible assets 5 33,944 46,825
Investments 6 250,565 250,566
293,181 315,563

Current assets
Debtors 7 558,211 957,053
Cash at bank 567,126 343,437
1,125,337 1,300,490
Creditors
Amounts falling due within one year 8 1,037,995 1,141,576
Net current assets 87,342 158,914
Total assets less current liabilities 380,523 474,477

Creditors
Amounts falling due after more than one year 9 (125,000 ) (225,000 )

Provisions for liabilities (1,018 ) (1,564 )
Net assets 254,505 247,913

Capital and reserves
Called up share capital 10 137 137
Share premium 249,199 249,199
Retained earnings 5,169 (1,423 )
Shareholders' funds 254,505 247,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





A M Spence - Director


EDITION CAPITAL LTD (REGISTERED NUMBER: 09835941)

Notes to the Financial Statements
for the year ended 30 April 2024


1. Statutory information

Edition Capital 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

EDITION CAPITAL LTD (REGISTERED NUMBER: 09835941)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


2. Accounting policies - continued

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.

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.

3. Employees and directors

The average number of employees during the year was 10 (2023 - 12 ) .

4. Intangible fixed assets
Computer
software
£
Cost
At 1 May 2023
and 30 April 2024 42,564
Amortisation
At 1 May 2023 24,392
Amortisation for year 9,500
At 30 April 2024 33,892
Net book value
At 30 April 2024 8,672
At 30 April 2023 18,172

5. Tangible fixed assets
Fixtures
Improvements and
to property fittings Totals
£ £ £
Cost
At 1 May 2023 52,991 19,228 72,219
Additions - 501 501
At 30 April 2024 52,991 19,729 72,720
Depreciation
At 1 May 2023 12,386 13,008 25,394
Charge for year 10,733 2,649 13,382
At 30 April 2024 23,119 15,657 38,776
Net book value
At 30 April 2024 29,872 4,072 33,944
At 30 April 2023 40,605 6,220 46,825

EDITION CAPITAL LTD (REGISTERED NUMBER: 09835941)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


6. Fixed asset investments

2024 2023
£ £
Shares in group undertakings 162,661 162,661
Other investments not loans 87,904 87,905
250,565 250,566

Additional information is as follows:
Shares in
group
undertakings
£
Cost
At 1 May 2023
and 30 April 2024 162,661
Net book value
At 30 April 2024 162,661
At 30 April 2023 162,661

Investments (neither listed nor unlisted) were as follows:
2024 2023
£ £
Other investments 87,904 87,905

7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 10,980 4,500
Amounts owed by group undertakings - 150,000
Other debtors 547,231 802,553
558,211 957,053

8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 100,000 100,000
Trade creditors 36,823 38,268
Amounts owed to group undertakings 654,055 892,537
Taxation and social security 61,553 78,786
Other creditors 185,564 31,985
1,037,995 1,141,576

9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 125,000 225,000

EDITION CAPITAL LTD (REGISTERED NUMBER: 09835941)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
10,000 Ordinary A £0.01 100 100
3,320 Ordinary B £0.01 33 33
555 Ordinary C £0.01 4 4
137 137