REGISTERED NUMBER: 00000295 (England and Wales)

Unaudited Financial Statements

for the Period

16 November 2024 to 30 July 2025

for

Methodist Newspaper Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTORS:

M R Sleight

C Wells

Reverend S J Wild

SECRETARY:

C Wells

REGISTERED OFFICE:

Le Strange Old Barns Golf Course Road

Old Hunstanton

Hunstanton

PE36 6JG

REGISTERED NUMBER:

00000295 (England and Wales)

ACCOUNTANTS:

G A Services

10 Ash Grove

South Wootton

King's Lynn

Norfolk

PE30 3TS

FIXED ASSETS

Tangible assets

4

455,427

448,876

CURRENT ASSETS

Debtors

5

23,696

22,138

Cash at bank

324,550

226,968

348,246

249,106

CREDITORS

Amounts falling due within one year

6

179,449

11,694

NET CURRENT ASSETS

168,797

237,412

TOTAL ASSETS LESS CURRENT LIABILITIES

624,224

686,288

CAPITAL AND RESERVES

Called up share capital

7,500

7,500

Retained earnings

616,724

678,788

624,224

686,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 July 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by:

M R Sleight - Director

1.	STATUTORY INFORMATION

Methodist Newspaper Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 16 November 2024

528,354

307,125

835,479

Additions

-

10,125

10,125

At 30 July 2025

528,354

317,250

845,604

DEPRECIATION

At 16 November 2024

175,871

210,732

386,603

Charge for period

3,574

-

3,574

At 30 July 2025

179,445

210,732

390,177

NET BOOK VALUE

At 30 July 2025

348,909

106,518

455,427

At 15 November 2024

352,483

96,393

448,876

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.7.25

15.11.24

£

£

Other debtors

23,696

22,138

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.7.25

15.11.24

£

£

Trade creditors

1

2

Taxation and social security

1,134

-

Other creditors

178,314

11,692

179,449

11,694

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 30 July 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

G A Services

10 Ash Grove

South Wootton

King's Lynn

Norfolk

PE30 3TS

1 August 2025