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Registered Number: 12870566


 

 

 

ST. ANTHONY'S NEWS LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2023

End date: 31 October 2024
Directors Mohammed Khan Khani
Wazir Ganji
Registered Number 12870566
Registered Office 1204 Walker Road
Newcastle Upon Tyne
Tyne & Wear
NE6 3JP
Accountants Acumen Accounting
364 West Road
Newcastle Upon Tyne
Tyne & Wear
NE4 9JY
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 October 2024.
Principal activities
Principal activity of the company during the financial year ending 31 October 2024 was retail sale in non-specialised stores with food, beverages or tobacco predominating.
Directors
The directors who served the company throughout the year were as follows:
Mohammed Khan Khani
Wazir Ganji
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
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 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. The directors 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.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Wazir Ganji
Director

Date approved: 29 July 2025
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 October 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Acumen Accounting
31 October 2024



....................................................
Acumen Accounting
364 West Road
Newcastle Upon Tyne
Tyne & Wear
NE4 9JY
29 July 2025
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 515,506    515,147 
515,506    515,147 
Current assets      
Stocks 5 36,598    29,985 
Cash at bank and in hand 173,210    75,050 
209,808    105,035 
Creditors: amount falling due within one year 6 (127,518)   (16,090)
Net current assets 82,290    88,945 
 
Total assets less current liabilities 597,796    604,092 
Creditors: amount falling due after more than one year 7 (562,170)   (560,835)
Net assets 35,626    43,257 
 

Capital and reserves
     
Called up share capital 8 100    100 
Profit and loss account 35,526    43,157 
Shareholders' funds 35,626    43,257 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 29 July 2025 and were signed on its behalf by:


-------------------------------
Wazir Ganji
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 November 2022 100  35,826  35,926 
Profit for the year 27,331  27,331 
Total comprehensive income for the year 27,331  27,331 
Dividends (20,000) (20,000)
Total investments by and distributions to owners (20,000) (20,000)
At 31 October 2023 100  43,157  43,257 
At 01 November 2023 100  43,157  43,257 
Profit for the year 16,369  16,369 
Total comprehensive income for the year 16,369  16,369 
Dividends (24,000) (24,000)
Total investments by and distributions to owners (24,000) (24,000)
At 31 October 2024 100  35,526  35,626 
5
General Information
St. Anthony's News Ltd is a private company, limited by shares, registered in , registration number 12870566, registration address 1204 Walker Road, Newcastle Upon Tyne, Tyne & Wear, NE6 3JP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0 Reducing Balance
Motor Vehicles 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Staff Costs

2024
£
  2023
£
Wages and salaries 58,219    72,311 
Social security costs   324 
58,219    72,635 
 
Average number of employees during the year Number   Number
Administration 2    2 
Sales 4    3 
 

3.

Average number of employees

Average number of employees during the year was 6 (2023 : 5).
4.

Tangible fixed assets

Cost or valuation Land and Buildings   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 November 2023 500,000    17,820      517,820 
Additions     2,631    2,631 
Disposals      
At 31 October 2024 500,000    17,820    2,631    520,451 
Depreciation
At 01 November 2023   2,673      2,673 
Charge for year   2,272      2,272 
On disposals      
At 31 October 2024   4,945      4,945 
Net book values
Closing balance as at 31 October 2024 500,000    12,875    2,631    515,506 
Opening balance as at 01 November 2023 500,000    15,147      515,147 


5.

Stocks

2024
£
  2023
£
Stocks 36,598    29,985 
36,598    29,985 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 30,659   
Corporation Tax 4,372    1,837 
PAYE & Social Security 1,793    2,141 
Other Creditors 88,693    12,112 
VAT 2,001   
127,518    16,090 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured) 278,821    272,079 
Bank Loans & Overdrafts 33,349    38,756 
Directors' Loan Accounts 250,000    250,000 
562,170    560,835 

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

6