REGISTERED NUMBER: 08842403 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TRIBUNE GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Mitchell

E A Mason

P A Buck

SECRETARY:

Mark Law Registrars Limited

REGISTERED OFFICE:

2 Upperton Gardens

Eastbourne

East Sussex

BN21 2AH

REGISTERED NUMBER:

08842403 (England and Wales)

ACCOUNTANTS:

Xeinadin

2 Upperton Gardens

Eastbourne

East Sussex

BN21 2AH

FIXED ASSETS

Intangible assets

4

2,860,811

2,651,256

Tangible assets

5

26,532

40,540

2,887,343

2,691,796

CURRENT ASSETS

Stocks

508,699

498,639

Debtors

6

128,910

89,526

Cash at bank

10,911

6,198

648,520

594,363

CREDITORS

Amounts falling due within one year

7

248,096

300,427

NET CURRENT ASSETS

400,424

293,936

TOTAL ASSETS LESS CURRENT LIABILITIES

3,287,767

2,985,732

CREDITORS

Amounts falling due after more than one year

8

26,787

32,352

NET ASSETS

3,260,980

2,953,380

CAPITAL AND RESERVES

Called up share capital

9

12,141

11,997

Share premium

10

6,354,709

6,005,021

Retained earnings

10

(3,105,870

)

(3,063,638

)

SHAREHOLDERS' FUNDS

3,260,980

2,953,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 23 September 2025 and were signed on its behalf by:

E A Mason - Director

1.	STATUTORY INFORMATION

Tribune Group 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.

Preparation of consolidated financial statements

The financial statements contain information about Tribune Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Intangible assets

Intangible assets are stated at cost less amortisation. Amortisation begins once the asset is available for use in the manner intended by management and is provided in a straight-line method over the useful life of the asset.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance and 20% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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 year 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.

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 year was 5 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Development

Computer

licences

costs

software

Totals

£

£

£

£

COST

At 1 January 2024

55,140

2,648,042

10,180

2,713,362

Additions

-

210,359

-

210,359

At 31 December 2024

55,140

2,858,401

10,180

2,923,721

AMORTISATION

At 1 January 2024

55,140

-

6,966

62,106

Amortisation for year

-

-

804

804

At 31 December 2024

55,140

-

7,770

62,910

NET BOOK VALUE

At 31 December 2024

-

2,858,401

2,410

2,860,811

At 31 December 2023

-

2,648,042

3,214

2,651,256

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

63,581

30,932

22,000

13,056

129,569

DEPRECIATION

At 1 January 2024

45,116

19,042

17,277

7,594

89,029

Charge for year

8,605

2,972

1,299

1,132

14,008

At 31 December 2024

53,721

22,014

18,576

8,726

103,037

NET BOOK VALUE

At 31 December 2024

9,860

8,918

3,424

4,330

26,532

At 31 December 2023

18,465

11,890

4,723

5,462

40,540

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

83,460

12,280

Other debtors

45,450

77,246

128,910

89,526

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,556

5,556

Trade creditors

49,940

72,978

Taxation and social security

19,143

72,524

Other creditors

173,457

149,369

248,096

300,427

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

26,787

32,352

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,199,710

Ordinary 1p

0.01

12,141

11,997

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

(3,063,638

)

6,005,021

2,941,383

Deficit for the year

(42,232

)

(42,232

)

Cash share issue

-

349,688

349,688

At 31 December 2024

(3,105,870

)

6,354,709

3,248,839