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Company Registration No. 00288446 (England and Wales)
CATHOLIC HERALD LIMITED Unaudited accounts for the year ended 31 December 2024
CATHOLIC HERALD LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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CATHOLIC HERALD LIMITED Company Information for the year ended 31 December 2024
Directors
Christopher Brown Peter De Svastich Sir Rocco Forte Sean Hehir
Secretary
Andy Leisinger
Company Number
00288446 (England and Wales)
Registered Office
4th Floor The Anchorage 34 Bridge Street Reading RG1 2LU
Accountants
Addition Financial Limited The Office Group 1 Lyric Square Hammersmith London W6 0NB
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CATHOLIC HERALD LIMITED Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
14,657
27,270
Current assets
Debtors
5
293,188
189,033
Cash at bank and in hand
89,716
140,002
382,904
329,035
Creditors: amounts falling due within one year
6
(103,222)
(78,800)
Net current assets
279,682
250,235
Total assets less current liabilities
294,339
277,505
Creditors: amounts falling due after more than one year
7
(434,641)
(175,156)
Net (liabilities)/assets
(140,302)
102,349
Capital and reserves
Called up share capital
123,736
117,453
Share premium
1,795,647
1,590,387
Revaluation reserve
97,427
97,427
Profit and loss account
(2,157,112)
(1,702,918)
Shareholders' funds
(140,302)
102,349
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by
Peter De Svastich Director Company Registration No. 00288446
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CATHOLIC HERALD LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
CATHOLIC HERALD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00288446. The registered office is 4th Floor The Anchorage, 34 Bridge Street, Reading, RG1 2LU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided in order to write off the assets over their estimated useful lives being 4 years
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
161,591
29,984
191,575
Disposals
(1,350)
-
(1,350)
At 31 December 2024
160,241
29,984
190,225
Depreciation
At 1 January 2024
137,138
27,167
164,305
Charge for the year
9,707
1,556
11,263
At 31 December 2024
146,845
28,723
175,568
Net book value
At 31 December 2024
13,396
1,261
14,657
At 31 December 2023
24,453
2,817
27,270
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CATHOLIC HERALD LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
5,589
10,392
Trade debtors
26,889
8,570
Accrued income and prepayments
-
4,287
Other debtors
1,297
667
33,775
23,916
Amounts falling due after more than one year
Amounts due from group undertakings etc.
259,413
165,117
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
102,922
58,053
Taxes and social security
-
(13)
Other creditors
300
760
Accruals
-
20,000
103,222
78,800
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
317,549
175,156
Amounts owed to group undertakings and other participating interests
117,092
-
434,641
175,156
8
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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