Company registration number 08087225 (England and Wales)
D.J. MURPHY PUBLISHING MANAGEMENT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
D.J. MURPHY PUBLISHING MANAGEMENT LTD
COMPANY INFORMATION
Directors
Z Cannon
A Moore
Company number
08087225
Registered office
Olive Studio Timber Yard
Grange Road
Tilford
Surrey
United Kingdom
GU10 2DQ
Accountants
Azets
Gladstone House
77-79 High Street
Egham
Surrey
United Kingdom
TW20 9HY
D.J. MURPHY PUBLISHING MANAGEMENT LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
D.J. MURPHY PUBLISHING MANAGEMENT LTD
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
4
2,400,000
2,400,000
Current assets
Debtors
6
2,295
2,295
Cash at bank and in hand
-
0
213
2,295
2,508
Creditors: amounts falling due within one year
7
(1,590,035)
(1,590,152)
Net current liabilities
(1,587,740)
(1,587,644)
Net assets
812,260
812,356
Capital and reserves
Called up share capital
1,394
1,394
Share premium account
726,867
726,867
Profit and loss reserves
83,999
84,095
Total equity
812,260
812,356

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 28 March 2025 and are signed on its behalf by:
Z Cannon
Director
Company Registration No. 08087225
D.J. MURPHY PUBLISHING MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

D.J. Murphy Publishing Management Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Olive Studio Timber Yard, Grange Road, Tilford, Surrey, United Kingdom, GU10 2DQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

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.

1.3
Cash and cash equivalents

Cash and cash equivalents 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.

1.4
Equity instruments

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

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.5

Other receivables

Other receivables are measured at transaction price less any impairment unless the arrangement constitute a financing transaction in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest.

D.J. MURPHY PUBLISHING MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
1.6

Other payables

Other payables are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at the prevailing market rate of interest. Other financial liabilities are initially measured at fair value of of their transaction costs. They are subsequently measured at amortised cost using the effective interest method.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
2,400,000
2,400,000
5
Subsidiaries

Details of the company's subsidiaries at 30 June 2024 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
D.J. Murphy (Publishers) Limited
United Kingdom
Publishing
Ordinary & 7.5% preference shares
100.00
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Capital and Reserves
Profit/(Loss)
£
£
D.J. Murphy (Publishers) Limited
1,927,526
169,431
D.J. MURPHY PUBLISHING MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
5
Subsidiaries
(Continued)
- 4 -

The investments held are of a non-listed wholly owned subsidiary. The fair value can not otherwise be reliably measured and therefore is measured at cost less impairment.

6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
2,295
2,295
7
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
1,590,035
1,590,152
8
Parent company

The company is a wholly owned subsidiary of Cannon Publishing Management Limited, a company incorporated in England and Wales. The parent company does not prepare consolidated accounts as the group qualifies as small under the Companies Act 2006.

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