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Company No: 04132442 (England and Wales)

TRAFALGAR PUBLICATIONS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

TRAFALGAR PUBLICATIONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

TRAFALGAR PUBLICATIONS LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2025
TRAFALGAR PUBLICATIONS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
DIRECTOR T Galbraith
REGISTERED OFFICE 2 Leman Street
London
E1W 9US
United Kingdom
COMPANY NUMBER 04132442 (England and Wales)
ACCOUNTANT Gravita Business Services II Limited
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
TRAFALGAR PUBLICATIONS LIMITED

BALANCE SHEET

As at 31 March 2025
TRAFALGAR PUBLICATIONS LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 31.03.2025 31.03.2024
£ £
Fixed assets
Tangible assets 3 7,519 0
7,519 0
Current assets
Debtors 4 64,566 84,004
Cash at bank and in hand 124,166 172,513
188,732 256,517
Creditors: amounts falling due within one year 5 ( 101,175) ( 158,354)
Net current assets 87,557 98,163
Total assets less current liabilities 95,076 98,163
Net assets 95,076 98,163
Capital and reserves
Called-up share capital 10 10
Profit and loss account 95,066 98,153
Total shareholder's funds 95,076 98,163

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Trafalgar Publications Limited (registered number: 04132442) were approved and authorised for issue by the Director on 05 August 2025. They were signed on its behalf by:

T Galbraith
Director
TRAFALGAR PUBLICATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
TRAFALGAR PUBLICATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
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

Trafalgar Publications 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 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and other services services provided in the normal course of business, and is shown net of VAT and other sales related taxes where applicable.

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:

Office equipment 4 years straight line

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.

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.

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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

31.03.2025 31.03.2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 April 2024 0 0
Additions 8,141 8,141
At 31 March 2025 8,141 8,141
Accumulated depreciation
At 01 April 2024 0 0
Charge for the financial year 622 622
At 31 March 2025 622 622
Net book value
At 31 March 2025 7,519 7,519
At 31 March 2024 0 0

4. Debtors

31.03.2025 31.03.2024
£ £
Trade debtors 50,347 67,737
Accrued income 10,362 8,424
VAT recoverable 3,857 0
Corporation tax 0 7,843
64,566 84,004

5. Creditors: amounts falling due within one year

31.03.2025 31.03.2024
£ £
Trade creditors 10,675 0
Amounts owed to director 29,114 24,328
Accruals 55,759 129,463
Taxation and social security 5,627 4,563
101,175 158,354

6. Related party transactions

At the year end, the company owed £29,114 (2024 - £24,329) to T Galbraith, the director of the company, in respect of an interest free loan which is repayable on demand.