Company No: 02611615 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Michael William Alexander Coffey

SECRETARY

Annabel Nicola Ferrero

REGISTERED OFFICE	Gascoyne House Moseleys Farm Business Centre
	Fornham All Saints
	Bury St Edmunds
	IP28 6JY
	United Kingdom

COMPANY NUMBER

02611615 (England and Wales)

CHARTERED ACCOUNTANTS	Gascoynes
	Gascoyne House
	Moseleys Farm Business Centre
	Fornham All Saints
	Bury St Edmunds
	Suffolk
	IP28 6JY

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	808		1,077
Tangible assets	4	0		217
Investments	5	212,655		212,655
		213,463		213,949
Current assets
Debtors	6	10,698		7,576
Cash at bank and in hand		30,758		31,198
		41,456		38,774
Creditors: amounts falling due within one year	7	( 76,619)		( 75,187)
Net current liabilities		(35,163)		(36,413)
Total assets less current liabilities		178,300		177,536
Net assets		178,300		177,536
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		178,200		177,436
Total shareholders' funds		178,300		177,536

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.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Broadside Publishing Limited (registered number: 02611615) were approved and authorised for issue by the Director on 20 June 2025. They were signed on its behalf by:

Michael William Alexander Coffey Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Broadside Publishing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gascoyne House Moseleys Farm Business Centre, Fornham All Saints, Bury St Edmunds, IP28 6JY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

25 - 25 % reducing balance

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	25 - 25 % reducing balance
Plant and machinery etc.	15 - 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		2

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2024	170,000		170,000
At 31 December 2024	170,000		170,000
Accumulated amortisation
At 01 January 2024	168,923		168,923
Charge for the financial year	269		269
At 31 December 2024	169,192		169,192
Net book value
At 31 December 2024	808		808
At 31 December 2023	1,077		1,077

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 January 2024	20,826		5,294		26,120
Disposals	( 20,826)		0		( 20,826)
At 31 December 2024	0		5,294		5,294
Accumulated depreciation
At 01 January 2024	20,826		5,077		25,903
Charge for the financial year	0		217		217
Disposals	( 20,826)		0		( 20,826)
At 31 December 2024	0		5,294		5,294
Net book value
At 31 December 2024	0		0		0
At 31 December 2023	0		217		217

5. Fixed asset investments

	2024		2023
	£		£
Other investments and loans	212,655		212,655

6. Debtors

	2024		2023
	£		£
Other debtors	10,698		7,576

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Taxation and social security	6,744		4,519
Other creditors	69,875		70,668
	76,619		75,187

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 0.10 each	100		100

9. Related party transactions

Transactions with the entity's director

	2024		2023
	£		£
Amounts owed to directors	30,121		26,752