REGISTERED NUMBER: 02773739 (England and Wales)

Ann Arbor Publishers Limited

Unaudited Financial Statements

for the Year Ended 31st December 2024

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

to

6

Directors:

P D Laverack

Mrs L Owens

S A Owens

Secretary:

Mrs A L Laverack

Registered office:

Halidon House

17D Windmill Way West

Ramparts Business Park

Berwick Upon Tweed

Northumberland

TD15 1TB

Business address:

Waren House

Waren Mill

Belford

Northumberland

NE70 7EE

Registered number:

02773739 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

7,169

7,547

Current assets

Stocks

180,000

155,838

Debtors

5

164,446

217,275

Cash at bank

215,991

204,407

560,437

577,520

Creditors

Amounts falling due within one year

6

258,870

61,837

Net current assets

301,567

515,683

Total assets less current liabilities

308,736

523,230

Provisions for liabilities

1,721

1,660

Net assets

307,015

521,570

Capital and reserves

Called up share capital

7,959

6,910

Share premium

39,564

-

Retained earnings

259,492

514,660

Shareholders' funds

307,015

521,570

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 17th September 2025 and were signed on its behalf by:

P D Laverack - Director

1.	Statutory information

Ann Arbor Publishers 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.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on cost

Office equipment

-

25% on cost and 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Stock is valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, other loans and directors' loans.

Directors' loans (being repayable on demand), trade debtors, trade creditors, other loans and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the income statement in the period in which they are incurred.

Group accounts

The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

Going concern

The directors have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company should continue to trade profitably accordingly the financial statements have been prepared on the going concern basis.

3.	Employees and directors

The average number of employees during the year was 7 (2023 - 7 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Office

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1st January 2024

3,005

14,430

29,948

47,383

Additions

1,208

-

1,162

2,370

At 31st December 2024

4,213

14,430

31,110

49,753

Depreciation

At 1st January 2024

882

13,546

25,408

39,836

Charge for year

607

398

1,743

2,748

At 31st December 2024

1,489

13,944

27,151

42,584

Net book value

At 31st December 2024

2,724

486

3,959

7,169

At 31st December 2023

2,123

884

4,540

7,547

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

94,075

112,874

Amounts owed by group undertakings

-

45,156

Other debtors

70,371

59,245

164,446

217,275

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

(4,864

)

7,526

Amounts owed to group undertakings

201,705

-

Taxation and social security

44,317

40,372

Other creditors

17,712

13,939

258,870

61,837

7.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

£

Director 1

Balance outstanding at start of year

24,532

14,563

Amounts advanced

22,242

32,873

Amounts repaid

(11,046

)

(22,904

)

Balance outstanding at end of year

35,728

24,532

2024

2023

£

£

Director 2

Balance outstanding at start of year

-

-

Amounts advanced

56,146

-

Amounts repaid

(54,681

)

-

Balance outstanding at end of year

1,465

-

2024

2023

£

£

Director 3

Balance outstanding at start of year

-

-

Amounts advanced

63,167

-

Amounts repaid

(54,742

)

-

Balance outstanding at end of year

8,425

-

These loans are unsecured, repayable on demand and interest has been charged at the official rates published by HMRC.

8.	Related party disclosures

Sarumcastle Limited owns 68% of the shares in Ann Arbor Publishers Limited. Sarumcastle Limited is a private company, limited by shares, registered in England and Wales.

At 31st December 2024 a loan of £201,705 (2023 - £nil) was outstanding payable by the company to Sarumcastle Limited. This loan is unsecured, interest free and is repayable on demand.

At 31st December 2024 a loan of £nil (2023 - £45,157) was outstanding payable to the company by Sarumcastle Limited. This loan is unsecured, interest free and is repayable on demand.

At 31st December 2024 a loan of £16,020 (2023 - £nil) was outstanding payable by the company to one of the shareholders. This loan is unsecured, interest free and is repayable on demand.

9.	Post balance sheet events

Since the year end, on 4th April 2025, an interim dividend for the year ending 31st December 2025 of £21.30 per share has been declared.

Since the year end, on 6th April 2025, there was an allotment of 1,314 shares.