Union Press Limited

	Page
Company Information	1
Accountants' Report	2
Statement of Financial Position	3—4
Notes to the Financial Statements	5—8

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Union Press Limited

Accountants' Report

For The Year Ended 31 December 2024

Accountants' Report

Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Union Press Limited for the year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Union Press Limited for the year ended 31 December 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Union Press Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Union Press Limited and state those matters that we have agreed to state to the directors of Union Press Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Union Press Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Union Press Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Union Press Limited . You consider that Union Press Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Union Press Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Mr A Hawser

02/09/2025

BBK Partnership

Chartered Accountants & Statutory Auditors

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

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Union Press Limited

Statement of Financial Position

As At 31 December 2024

Statement of Financial Position

Registered number: 03606414

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		29,780		30,436
Tangible Assets	5		22,926		26,752
Investments	6		1,095,666		969,666

			1,148,372		1,026,854
CURRENT ASSETS
Debtors	7	939,382		987,843
Cash at bank and in hand		9,018		136,613

		948,400		1,124,456
Creditors: Amounts Falling Due Within One Year	8	(1,114,751 )		(1,215,831 )

NET CURRENT ASSETS (LIABILITIES)			(166,351 )		(91,375 )

TOTAL ASSETS LESS CURRENT LIABILITIES			982,021		935,479

Creditors: Amounts Falling Due After More Than One Year	9		(89,827 )		(208,461 )

NET ASSETS			892,194		727,018

CAPITAL AND RESERVES
Called up share capital	10		426,234		426,234
Income Statement			465,960		300,784

SHAREHOLDERS' FUNDS			892,194		727,018

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Union Press Limited

Statement of Financial Position (continued)

As At 31 December 2024

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr A Hawser

Director

02/09/2025

The notes on pages 5 to 8 form part of these financial statements.

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Union Press Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Union Press Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03606414 . The registered office is 69 Southwark Bridge Road, 4th Floor Wigglesworth House, SE1 9HH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the income statement over its estimated economic life of .... years.

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are .... It is amortised to the income statement over its estimated economic life of .... years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

20%

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Union Press Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 30 (2023: 35)

4. Intangible Assets

	Other	Intellectual Property	Total
	£	£	£
Cost
As at 1 January 2024	23,877	23,711	47,588

As at 31 December 2024	23,877	23,711	47,588

Amortisation
As at 1 January 2024	-	17,152	17,152
Provided during the period	-	656	656

As at 31 December 2024	-	17,808	17,808

Net Book Value
As at 31 December 2024	23,877	5,903	29,780

As at 1 January 2024	23,877	6,559	30,436

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Union Press Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	194,442
Additions	1,906

As at 31 December 2024	196,348

Depreciation
As at 1 January 2024	167,690
Provided during the period	5,732

As at 31 December 2024	173,422

Net Book Value
As at 31 December 2024	22,926

As at 1 January 2024	26,752

6. Investments

	Listed
	£
Cost
As at 1 January 2024	969,666
Additions	126,000

As at 31 December 2024	1,095,666

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	1,095,666

As at 1 January 2024	969,666

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Union Press Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	499,562	519,083
Amounts owed by group undertakings	351,581	378,273
Amounts owed by participating interests	400	400
Other debtors	87,839	90,087

	939,382	987,843

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	157,240	194,712
Bank loans and overdrafts	67,944	88,227
Amounts owed to participating interests	387,708	388,033
Other creditors	229,708	380,471
Taxation and social security	272,151	164,388

	1,114,751	1,215,831

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Funding Circle Loan	33,160	86,165
HSBC New loan	31,038	96,667
Other loans	25,629	25,629

	89,827	208,461

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	426,234	426,234

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Directors	Mrs C Hawser
	Mr A Hawser
	Mr P Schmitt

Secretary	Mr A Hawser

Company Number	03606414

Registered Office	69 Southwark Bridge Road
	4th Floor Wigglesworth House
	SE1 9HH

Accountants	BBK Partnership
	Chartered Accountants & Statutory Auditors
	1 Beauchamp Court
	10 Victors Way
	Barnet
	Hertfordshire
	EN5 5TZ