The Cricketer Publishing Limited 00174001 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of publishing "The Cricketer" magazine Digita Accounts Production Advanced 6.30.9574.0 false true 00174001 2024-01-01 2024-12-31 00174001 2024-12-31 00174001 core:RetainedEarningsAccumulatedLosses 2024-12-31 00174001 core:ShareCapital 2024-12-31 00174001 core:CurrentFinancialInstruments 2024-12-31 00174001 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 00174001 core:Goodwill 2024-12-31 00174001 core:OtherResidualIntangibleAssets 2024-12-31 00174001 core:FurnitureFittingsToolsEquipment 2024-12-31 00174001 core:ParentEntities 2024-12-31 00174001 bus:SmallEntities 2024-01-01 2024-12-31 00174001 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 00174001 bus:FilletedAccounts 2024-01-01 2024-12-31 00174001 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 00174001 bus:RegisteredOffice 2024-01-01 2024-12-31 00174001 bus:Chairman 2024-01-01 2024-12-31 00174001 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00174001 core:Goodwill 2024-01-01 2024-12-31 00174001 core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 00174001 core:FurnitureFittings 2024-01-01 2024-12-31 00174001 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 00174001 core:OfficeEquipment 2024-01-01 2024-12-31 00174001 core:ParentEntities 2024-01-01 2024-12-31 00174001 1 2024-01-01 2024-12-31 00174001 countries:England 2024-01-01 2024-12-31 00174001 2023-12-31 00174001 core:Goodwill 2023-12-31 00174001 core:OtherResidualIntangibleAssets 2023-12-31 00174001 core:FurnitureFittingsToolsEquipment 2023-12-31 00174001 core:ParentEntities 2023-12-31 00174001 2023-01-01 2023-12-31 00174001 2023-12-31 00174001 core:RetainedEarningsAccumulatedLosses 2023-12-31 00174001 core:ShareCapital 2023-12-31 00174001 core:CurrentFinancialInstruments 2023-12-31 00174001 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 00174001 core:Goodwill 2023-12-31 00174001 core:OtherResidualIntangibleAssets 2023-12-31 00174001 core:FurnitureFittingsToolsEquipment 2023-12-31 00174001 core:ParentEntities 2023-12-31 00174001 core:ParentEntities 2023-01-01 2023-12-31 00174001 2022-12-31 00174001 core:ParentEntities 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 00174001

The Cricketer Publishing Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

The Cricketer Publishing Limited

(Registration number: 00174001)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

42,270

47,648

Tangible assets

5

6,485

11,201

 

48,755

58,849

Current assets

 

Stocks

6

1,885

1,318

Debtors

7

346,754

420,330

Cash at bank and in hand

 

196,920

336,014

 

545,559

757,662

Creditors: Amounts falling due within one year

8

(657,314)

(686,741)

Net current (liabilities)/assets

 

(111,755)

70,921

Total assets less current liabilities

 

(63,000)

129,770

Provisions for liabilities

(1,062)

(2,376)

Net (liabilities)/assets

 

(64,062)

127,394

Capital and reserves

 

Called up share capital

160,001

160,001

Retained earnings

(224,063)

(32,607)

Shareholders' (deficit)/funds

 

(64,062)

127,394

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 April 2025 and signed on its behalf by:
 

 

The Cricketer Publishing Limited

(Registration number: 00174001)
Balance Sheet as at 31 December 2024

.........................................
R C N Davidson
Chairman

 

The Cricketer Publishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
49 Heworth Village
YORK
YO31 1AE

These financial statements were authorised for issue by the Board on 17 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

After making enquiries, including where relevant for those with a role as a Director of the Company's parent Test Match Extra.com Limited, the Directors have formed a judgement at the time of approving the financial statements that the Company will have access to adequate resources to continue in existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

The Cricketer Publishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

4 year straight line

Fixtures and fittings

4 year straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

 

The Cricketer Publishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 year straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

The Cricketer Publishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 26 (2023 - 27).

 

The Cricketer Publishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Goodwill
 £

Other intangible assets
 £

Total
£

Cost or valuation

At 1 January 2024

53,777

10,005

63,782

At 31 December 2024

53,777

10,005

63,782

Amortisation

At 1 January 2024

16,134

-

16,134

Amortisation charge

5,378

-

5,378

At 31 December 2024

21,512

-

21,512

Carrying amount

At 31 December 2024

32,265

10,005

42,270

At 31 December 2023

37,643

10,005

47,648

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

41,003

41,003

Additions

898

898

At 31 December 2024

41,901

41,901

Depreciation

At 1 January 2024

29,802

29,802

Charge for the year

5,614

5,614

At 31 December 2024

35,416

35,416

Carrying amount

At 31 December 2024

6,485

6,485

At 31 December 2023

11,201

11,201

 

The Cricketer Publishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Stocks

2024
£

2023
£

Other inventories

1,885

1,318

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

114,593

135,512

Amounts owed by related parties

10

-

47,344

Prepayments

 

64,824

52,351

Other debtors

 

167,337

185,123

   

346,754

420,330

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

4,023

-

Trade creditors

 

88,052

116,561

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

39,375

-

Taxation and social security

 

35,886

31,041

Accruals and deferred income

 

483,918

533,344

Other creditors

 

6,060

5,795

 

657,314

686,741

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

4,023

-

 

The Cricketer Publishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10

Related party transactions

Loans from related parties

2024

Parent
£

Total
£

At start of period

(47,344)

(47,344)

Advanced

86,719

86,719

At end of period

39,375

39,375

Terms of loans from related parties

The loans are interest free and repayable on demand.
 

Loans to related parties

2023

Parent
£

Total
£

At start of period

121,690

121,690

Repaid

(74,346)

(74,346)

At end of period

47,344

47,344

Terms of loans to related parties

The loans are interest free and repayable on demand.
 

11

Parent and ultimate parent undertaking

The company is controlled by Test Match Extra.com Limited, incorporated in England and Wales.

  These financial statements are available upon request from 49 Heworth Village, YORK, YO31 1AE.