Company registration number 02637030 (England and Wales)
ACC PUBLISHING GROUP LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACC PUBLISHING GROUP LIMITED
COMPANY INFORMATION
Directors
Mr G Liu
Mrs V Shorten
Mr X Huang
Mr J. Smith
(Appointed 25 October 2024)
Secretary
Mrs V Shorten
Company number
02637030
Registered office
c/o Antique Collectors Club Ltd
Riverside House, Dock Lane
Melton
Woodbridge
IP12 1PE
Auditor
BG Audit LLP
Statutory Auditors
7 Three Rivers Business Park
Felixstowe Road, Foxhall
IPSWICH
IP10 0BF
Business address
c/o Antique Collectors Club Ltd
Riverside House, Dock Lane
Melton
Woodbridge
IP12 1PE
ACC PUBLISHING GROUP LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2
Directors' responsibilities statement
3
Independent auditor's report
4 - 6
Statement of comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Statement of cash flows
10
Notes to the financial statements
11 - 16
ACC PUBLISHING GROUP LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -
The directors present the strategic report for the year ended 31 December 2024.
Review of the business
The company did not trade during the year.
Development and performance
The company is not expected to trade for the foreseeable future.
Key performance indicators
The company is a holding company and did not trade during the year.
Mrs V Shorten
Director
30 June 2025
ACC PUBLISHING GROUP LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
The directors present their annual report and financial statements for the year ended 31 December 2024.
Principal activities
The principal activity of the company continued to be that of an investment company, holding shares in it's subsidiary undertakings. This is likely to continue in the foreseeable future.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mr G Liu
Mrs V Shorten
Mr X Huang
Mr J. Smith
(Appointed 25 October 2024)
Results and dividends
The results for the year are set out on page 7.
Auditor
The auditor, BG Audit LLP, Statutory Auditors, are deemed to be reappointed under section 487(2) of the Companies Act 2006.
Statement of disclosure to auditor
So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.
On behalf of the board
Mrs V Shorten
Director
30 June 2025
ACC PUBLISHING GROUP LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ACC PUBLISHING GROUP LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ACC PUBLISHING GROUP LIMITED
- 4 -
Opinion
We have audited the financial statements of ACC Publishing Group Limited (the 'company') for the year ended 31 December 2024 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
ACC PUBLISHING GROUP LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ACC PUBLISHING GROUP LIMITED
- 5 -
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Based on our understanding of the Company’s industry and activities, we identified the principal risks of non-compliance with laws and regulations, and considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that impact directly on the preparation of the financial statements including the Companies Act, and UK tax legislation.
We considered the opportunities for fraudulent adjustments to the financial statements including override of controls and determined that the principal risks were related to fraudulent transactions that would result in the manipulation of profits.
Audit procedures included:
Making enquiries of management for known or suspected instances of fraud or non-compliance with laws and regulations.
Consideration of management’s procedures for detecting and preventing fraud, including controls.
Reviewing journal entries to identify material or unusual transactions
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
ACC PUBLISHING GROUP LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ACC PUBLISHING GROUP LIMITED
- 6 -
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Jonathan Oakley F.C.A. (Senior Statutory Auditor)
for and on behalf of BG Audit LLP
30 June 2025
Statutory Auditor
7 Three Rivers Business Park
Felixstowe Road, Foxhall
IPSWICH
IP10 0BF
ACC PUBLISHING GROUP LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
2024
2023
Notes
£
£
Administrative expenses
(52)
(49)
Interest receivable and similar income
4
97,551
87,148
Profit before taxation
97,499
87,099
Tax on profit
5
Profit for the financial year
97,499
87,099
The profit and loss account has been prepared on the basis that all operations are continuing operations.
ACC PUBLISHING GROUP LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 8 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
7
597,700
597,700
Current assets
Debtors
10
251,946
251,946
Cash at bank and in hand
302
50
252,248
251,996
Creditors: amounts falling due within one year
11
(46,278)
(43,200)
Net current assets
205,970
208,796
Net assets
803,670
806,496
Capital and reserves
Called up share capital
12
1,500
1,500
Share premium account
298,500
298,500
Profit and loss reserves
503,670
506,496
Total equity
803,670
806,496
The financial statements were approved by the board of directors and authorised for issue on 30 June 2025 and are signed on its behalf by:
Mrs V Shorten
Director
Company Registration No. 02637030
ACC PUBLISHING GROUP LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2023
1,500
298,500
506,496
806,496
Year ended 31 December 2023:
Profit and total comprehensive income
-
-
87,099
87,099
Dividends
6
-
-
(87,099)
(87,099)
Balance at 31 December 2023
1,500
298,500
506,496
806,496
Year ended 31 December 2024:
Profit and total comprehensive income
-
-
97,499
97,499
Dividends
6
-
-
(100,325)
(100,325)
Balance at 31 December 2024
1,500
298,500
503,670
803,670
ACC PUBLISHING GROUP LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 10 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
15
3,026
(78)
Investing activities
Dividends received
97,551
87,148
Net cash generated from investing activities
97,551
87,148
Financing activities
Dividends paid
(100,325)
(87,099)
Net cash used in financing activities
(100,325)
(87,099)
Net increase/(decrease) in cash and cash equivalents
252
(29)
Cash and cash equivalents at beginning of year
50
79
Cash and cash equivalents at end of year
302
50
ACC PUBLISHING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 11 -
1
Accounting policies
Company information
ACC Publishing Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Antique Collectors Club Ltd, Riverside House, Dock Lane, Melton, Woodbridge, IP12 1PE. The company number is 02637030.
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.
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.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
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.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
1.4
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.
1.5
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
ACC PUBLISHING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 12 -
Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
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.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
ACC PUBLISHING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 13 -
Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.
Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
1.6
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.
1.7
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 in the period are included in profit or loss.
1.8
The financial statements present information about the company as an individual undertaking and not about its group.
2
Operating loss
2024
2023
Operating loss for the year is stated after charging:
£
£
Exchange (gains)/losses
49
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
ACC PUBLISHING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 14 -
4
Interest receivable and similar income
2024
2023
£
£
Income from fixed asset investments
Income from shares in group undertakings
97,551
87,148
5
Taxation
The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:
2024
2023
£
£
Profit before taxation
97,499
87,099
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2023: 19.00%)
24,375
16,549
Tax effect of expenses that are not deductible in determining taxable profit
13
9
Dividend income
(24,388)
(16,558)
Taxation charge for the year
-
-
6
Dividends
2024
2023
£
£
Interim paid
100,325
87,099
7
Fixed asset investments
2024
2023
Notes
£
£
Investments in subsidiaries
8
597,700
597,700
8
Subsidiaries
Details of the company's subsidiaries at 31 December 2024 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
Antique Collectors Club Limited
England and Wales
Ordinary
100.00
-
ACC Art Books Limited
England and Wales
Ordinary
100.00
-
ACC Book Distribution Limited
England and Wales
Ordinary
100.00
-
ACC Art Books Ltd
United States of America
Ordinary
0
100.00
ACC PUBLISHING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 15 -
9
Financial instruments
2024
2023
£
£
Carrying amount of financial assets
Debt instruments measured at amortised cost
251,946
251,946
Carrying amount of financial liabilities
Measured at amortised cost
46,278
43,200
10
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
251,946
251,946
11
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
46,278
43,200
12
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,500
1,500
1,500
1,500
There is a single class of ordinary shares. There are no restrictions on the distribution of dividends and the repayment of capital.
13
Related party transactions
The company has relied on the exemption from disclosing certain related party transactions where they are with a company that is wholly owned within the Group.
14
Ultimate controlling party
The immediate parent company of ACC Publishing Group Limited is The Images Publishing Group (S) Pte. Ltd, a company registered in Singapore. The ultimate parent company is Guangxi Normal University Press (Shanghai) Co Ltd, a company registered in China. The group accounts are available from Guangxi Normal University Press (Shanghai) Co Ltd, 6th Floor Building C 838 Guangji Road, Hongkou District, Shanghai, China.
ACC PUBLISHING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 16 -
15
Cash generated from/(absorbed by) operations
2024
2023
£
£
Profit after taxation
97,499
87,099
Adjustments for:
Investment income
(97,551)
(87,148)
Movements in working capital:
Increase in debtors
(29)
Increase in creditors
3,078
Cash generated from/(absorbed by) operations
3,026
(78)
16
Analysis of changes in net funds
1 January 2024
Cash flows
31 December 2024
£
£
£
Cash at bank and in hand
50
252
302
2024-12-312024-01-01falsefalsefalseCCH SoftwareCCH Accounts Production 2025.100Mr G LiuMrs V ShortenMr X HuangMr J. SmithMrs V Shorten026370302024-01-012024-12-3102637030bus:Director12024-01-012024-12-3102637030bus:Director22024-01-012024-12-3102637030bus:Director32024-01-012024-12-3102637030bus:Director42024-01-012024-12-3102637030bus:CompanySecretary12024-01-012024-12-3102637030bus:RegisteredOffice2024-01-012024-12-31026370302024-12-31026370302023-01-012023-12-3102637030core:RetainedEarningsAccumulatedLosses2023-01-012023-12-3102637030core:RetainedEarningsAccumulatedLosses2024-01-012024-12-31026370302023-12-3102637030core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3102637030core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3102637030core:ShareCapital2024-12-3102637030core:ShareCapital2023-12-3102637030core:SharePremium2024-12-3102637030core:SharePremium2023-12-3102637030core:RetainedEarningsAccumulatedLosses2024-12-3102637030core:RetainedEarningsAccumulatedLosses2023-12-3102637030core:ShareCapital2022-12-3102637030core:SharePremium2022-12-3102637030core:RetainedEarningsAccumulatedLosses2022-12-3102637030core:ShareCapitalOrdinaryShareClass12024-12-3102637030core:ShareCapitalOrdinaryShareClass12023-12-31026370302023-12-31026370302022-12-3102637030core:UKTax2024-01-012024-12-3102637030core:UKTax2023-01-012023-12-3102637030core:Non-currentFinancialInstruments2024-12-3102637030core:Non-currentFinancialInstruments2023-12-3102637030core:Subsidiary12024-01-012024-12-3102637030core:Subsidiary22024-01-012024-12-3102637030core:Subsidiary32024-01-012024-12-3102637030core:Subsidiary42024-01-012024-12-3102637030core:Subsidiary112024-01-012024-12-3102637030core:Subsidiary222024-01-012024-12-3102637030core:Subsidiary332024-01-012024-12-3102637030core:Subsidiary442024-01-012024-12-3102637030core:CurrentFinancialInstruments2024-12-3102637030core:CurrentFinancialInstruments2023-12-3102637030bus:OrdinaryShareClass12024-01-012024-12-3102637030bus:OrdinaryShareClass12024-12-3102637030bus:OrdinaryShareClass12023-12-3102637030bus:PrivateLimitedCompanyLtd2024-01-012024-12-3102637030bus:FRS1022024-01-012024-12-3102637030bus:Audited2024-01-012024-12-3102637030bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP