Registered number
02451688
Year end:
30 June 2024
WESTMINSTER PUBLISHING LIMITED
UNAUDITED FILLETED ACCOUNTS
FOR THE YEAR
ENDED 30 JUNE 2024
WESTMINSTER PUBLISHING LIMITED
Registered number: 02451688
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
FIXED ASSETS
Tangible assets 3 2,833 2,976
CURRENT ASSETS
Debtors 4 26,815 26,845
Cash at bank and in hand - 50,164
26,815 77,009
CREDITORS: amounts falling due within one year 5 (130,022) (180,487)
NET CURRENT LIABILITIES (103,207) (103,478)
NET LIABILITIES £ (100,374) £ (100,502)
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Profit and loss account (101,374) (101,502)
SHAREHOLDER'S FUNDS £ (100,374) £ (100,502)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account is not delivered to Companies House.
Professor J S P Lumley
Director
Approved by the board on 26 June 2025
WESTMINSTER PUBLISHING LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 ACCOUNTING POLICIES
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover from the sale of any goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 15% p.a. on a reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all relevant expenditure.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on a non-discounted basis at the tax rates which are expected to apply in the periods when the timing differences are expected to reverse.
2 EMPLOYEES 2024 2023
Number Number
Average number of persons employed by the company - -
(excluding directors with no specific service contract)
WESTMINSTER PUBLISHING LIMITED
Notes to the Accounts
for the year ended 30 June 2024
3 TANGIBLE FIXED ASSETS
Office Equipment
£
Cost
At 1 July 2023 4,494
Additions 1,020
Disposals (1,080)
At 30 June 2024 4,434
Depreciation
At 1 July 2023 1,518
Charge for the year 500
On disposals (417)
At 30 June 2024 1,601
Net book value
At 30 June 2024 £ 2,833
At 30 June 2023 £ 2,976
4 DEBTORS 2024 2023
£ £
Deferred tax asset 26,315 26,345
Other debtors 500 500
£ 26,815 £ 26,845
Amounts due after more than one year included above £ 26,315 £ 26,345
5 CREDITORS: amounts falling due within one year 2024 2023
£ £
Loan from director 129,542 178,627
Other creditors 480 1,860
£ 130,022 £ 180,487
WESTMINSTER PUBLISHING LIMITED
Notes to the Accounts
for the year ended 30 June 2024
6 RELATED PARTY TRANSACTIONS
Included in the company's turnover are fees of £2,000 chargeable to Professor J S P Lumley, the director (2023 - £1,875). Movement on the director's loan arose from payment of expenditure by him on the company's behalf, the charging of fees to him and repayment made by the company.
7 CONTROLLING PARTY
The company is controlled by Professor J S P Lumley by virtue of his ownership of 100% of the company's ordinary share capital.
8 OTHER INFORMATION
Westminster Publishing Limited is a private company limited by shares and incorporated in England. Its registered office is:
392 Shakespeare Tower
Barbican
London
EC2Y 8NJ
The accounts are for the individual company and are presented in Sterling which is the functional currency of the company.
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