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REGISTERED NUMBER: 01178080 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ALAIN CHARLES PUBLISHING LIMITED

ALAIN CHARLES PUBLISHING LIMITED (REGISTERED NUMBER: 01178080)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALAIN CHARLES PUBLISHING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: N C L Fordham
D C Fordham





SECRETARY: Ms C McDowall





REGISTERED OFFICE: University House
11-13 Lower Grosvenor Place
London
SW1W 0EX





REGISTERED NUMBER: 01178080 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

ALAIN CHARLES PUBLISHING LIMITED (REGISTERED NUMBER: 01178080)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 201,508 198,196
201,508 198,196

CURRENT ASSETS
Debtors 6 388,489 331,231
Cash at bank 190,037 102,117
578,526 433,348
CREDITORS
Amounts falling due within one year 7 633,095 425,013
NET CURRENT (LIABILITIES)/ASSETS (54,569 ) 8,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,939

206,531

CAPITAL AND RESERVES
Called up share capital 10 12,500 12,500
Retained earnings 134,439 194,031
SHAREHOLDERS' FUNDS 146,939 206,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:



D C Fordham - Director


ALAIN CHARLES PUBLISHING LIMITED (REGISTERED NUMBER: 01178080)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Alain Charles 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Alain Charles 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 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.
Long leasehold - straight line over the lease period
Fixtures and fittings - 20% on cost

Investments in subsidiaries
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
Basic financial instruments are measured at amortised cost. The company has no other financial instruments or basic financial instruments measured at fair value.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.


ALAIN CHARLES PUBLISHING LIMITED (REGISTERED NUMBER: 01178080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period..

Retirement benefits
D C Fordham and his two sons are members of the Alain Charles Publishing Limited Retirement Benefits Scheme, a defined contribution scheme; the assets of the scheme are held separately from the assets of the company.

The company operates a defined contribution scheme for its employees. The assets of the scheme are held separately from the company in independently administered funds.

Payments to defined contribution retirement benefit schemes are charged as an expenses as they fall due.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

Intangible assets
Internally developed publishing rights and titles are not recognised in the financial statements.

ALAIN CHARLES PUBLISHING LIMITED (REGISTERED NUMBER: 01178080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 52,814 99,425 152,239
DEPRECIATION
At 1 June 2023
and 31 May 2024 52,814 99,425 152,239
NET BOOK VALUE
At 31 May 2024 - - -
At 31 May 2023 - - -

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Shares in group undertakings 180,861 180,861
Loans to undertakings in which the company
has a participating interest

20,647

17,335
201,508 198,196

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 180,861
NET BOOK VALUE
At 31 May 2024 180,861
At 31 May 2023 180,861
Loans to
associates
£   
At 1 June 2023 17,335
New in year 3,312
At 31 May 2024 20,647

ALAIN CHARLES PUBLISHING LIMITED (REGISTERED NUMBER: 01178080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 168,564 176,615
Amounts owed by group undertakings 3,014 17,848
Other debtors 216,911 136,768
388,489 331,231

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 121,196 78,684
Amounts owed to group undertakings 271,889 107,278
Social security and other taxes 22,994 12,453
Other creditors 35,753 45,335
Directors' current accounts 181,263 181,263
633,095 425,013

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 64,000 64,000
Between one and five years 104,900 168,900
168,900 232,900

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Debentures 50,000 50,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
12,500 Ordinary £1 12,500 12,500

11. GOING CONCERN

The company has the continuing support of group companies and the directors.