Registration number: 02990231

Strathmore Publishing Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

Strathmore Publishing Ltd

Company Information

Directors

E McPherson B Steiner N Jones

Company secretary

N Kimberlee

Registered office

Anglo House Worcester Road Stourport on Severn DY13 9AW

Accountants

Perrigo Consultants Limited Chartered Certified AccountantsAnglo House Worcester Road Stourport on Severn DY13 9AW

Strathmore Publishing Ltd

(Registration number: 02990231)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	6	1,001,087	1,031,587
Current assets
Stocks	7	10,089	9,070
Debtors	8	105,680	91,001
Cash at bank and in hand		104	5,321
		115,873	105,392
Creditors: Amounts falling due within one year	9	(303,089)	(306,112)
Net current liabilities		(187,216)	(200,720)
Total assets less current liabilities		813,871	830,867
Creditors: Amounts falling due after more than one year	9	-	(38,222)
Provisions for liabilities		(46,141)	(49,031)
Net assets		767,730	743,614
Capital and reserves
Called up share capital	10	1,585	1,585
Share premium reserve		203,578	203,578
Capital redemption reserve		17	17
Revaluation reserve		405,719	405,719
Retained earnings		156,831	132,715
Shareholders' funds		767,730	743,614

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Strathmore Publishing Ltd

(Registration number: 02990231)
Balance Sheet as at 30 April 2025

Approved and authorised by the Board on 8 August 2025 and signed on its behalf by:
 

......................................... E McPherson Director

......................................... N Jones Director

Strathmore Publishing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

These financial statements were authorised for issue by the Board on 8 August 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Strathmore Publishing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Improvements to property	33% Reducing Balance
Computer Equipment	33% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Audio Equipment	25% Reducing Balance

Intangible assets

Intangible assets are intially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Intellectual Property	25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Strathmore Publishing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Strathmore Publishing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 5).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2025 £	2024 £
Current taxation
UK corporation tax	16,928	12,161
Deferred taxation
Arising from origination and reversal of timing differences	(2,890)	(6,633)
Tax expense in the income statement	14,038	5,528

Deferred tax

Deferred tax assets and liabilities

2024	Asset £	Liability £
Deferred Tax	-	46,506
	-	46,506

Strathmore Publishing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 May 2024	26,488	26,488
At 30 April 2025	26,488	26,488
Amortisation
At 1 May 2024	26,488	26,488
At 30 April 2025	26,488	26,488
Carrying amount
At 30 April 2025	-	-

6	Tangible assets

	Long leasehold land and buildings £	Properties under construction  £	Fixtures and fittings £	Plant and machinery £
Cost or valuation
At 1 May 2024	900,000	331,057	8,237	118,873
Additions	-	-	-	813
At 30 April 2025	900,000	331,057	8,237	119,686
Depreciation
At 1 May 2024	22,500	202,802	3,660	106,794
Charge for the year	4,500	19,239	1,525	4,107
At 30 April 2025	27,000	222,041	5,185	110,901
Carrying amount
At 30 April 2025	873,000	109,016	3,052	8,785
At 30 April 2024	877,500	128,255	4,577	12,079

Strathmore Publishing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

	Office equipment £	Total £
Cost or valuation
At 1 May 2024	20,592	1,378,759
Additions	431	1,244
At 30 April 2025	21,023	1,380,003
Depreciation
At 1 May 2024	11,416	347,172
Charge for the year	2,373	31,744
At 30 April 2025	13,789	378,916
Carrying amount
At 30 April 2025	7,234	1,001,087
At 30 April 2024	9,176	1,031,587

Included within the net book value of land and buildings above is £873,000 (2024 - £877,500) in respect of long leasehold land and buildings.
 

7

Stocks

	2025 £	2024 £
Other inventories	10,089	9,070

8

Debtors

Current	2025 £	2024 £
Trade debtors	76,102	59,940
Prepayments	21,115	21,649
Other debtors	8,463	9,412
	105,680	91,001

Strathmore Publishing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	11	71,234	49,824
Trade creditors		42,046	51,311
Taxation and social security		92,407	74,840
Accruals and deferred income		90,228	88,353
Other creditors		7,174	41,784
		303,089	306,112

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	11	-	38,222

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1,565	1,565	1,565	1,565
Ordinary A redeemable shares of £1 each	20	20	20	20
	1,585	1,585	1,585	1,585

11	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	38,222

Strathmore Publishing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	34,071	49,824
Bank overdrafts	37,163	-
	71,234	49,824

12

Dividends

Final dividends paid

		2025 £		2024 £
Final dividend of £75.00 (2024 - £Nil) per each Ordinary A redeemable shares		1,500		-