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REGISTERED NUMBER: 11342518 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| WESTCHESTER PUBLISHING SERVICES UK LTD |

WESTCHESTER PUBLISHING SERVICES UK LTD (REGISTERED NUMBER: 11342518) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| WESTCHESTER PUBLISHING SERVICES UK LTD |

COMPANY INFORMATION

for the year ended 31 December 2024

| DIRECTORS: | T M Carey

| D J Pistone

| Ms D L Taylor

| Ms R Durose-Croft

| REGISTERED OFFICE: | Airedale Office

| Tower Court Business Centre

| Oakdale Road

| York

| North Yorkshire

| YO30 4XL

| REGISTERED NUMBER: | 11342518 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Mark Ashfield BA FCA

| AUDITORS: | HB&O Ltd

| Chartered Accountants and Statutory Auditor

| Highdown House

| 11 Highdown Road

| Leamington Spa

| Warwickshire

| CV31 1XT

| BANKERS: | Lloyds Bank plc

| 22 Bridge Street

| Stratford-Upon-Avon

| Warwickshire

| CV37 6AG

WESTCHESTER PUBLISHING SERVICES UK LTD (REGISTERED NUMBER: 11342518) |

BALANCE SHEET

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 4,844 |  | 3,044 |  |

Investments | 5 | 76,000 |  | 76,000 |  |

80,844 |  | 79,044 |  |

CURRENT ASSETS

Stocks | 53,840 |  | 43,426 |  |

Debtors | 6 | 277,270 |  | 72,931 |  |

Cash at bank | 76,455 |  | 84,187 |  |

407,565 |  | 200,544 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,864,527 |  | 1,496,518 |  |

NET CURRENT LIABILITIES | (1,456,962 | ) | (1,295,974 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (1,376,118 | ) | (1,216,930 | ) |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Retained earnings | (1,377,118 | ) | (1,217,930 | ) |

(1,376,118 | ) | (1,216,930 | ) |

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 31 October 2025 and were signed on its behalf by:

Ms D L Taylor - Director

WESTCHESTER PUBLISHING SERVICES UK LTD (REGISTERED NUMBER: 11342518) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

1. | STATUTORY INFORMATION

| Westchester Publishing Services UK Ltd 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.

| The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

| At the balance sheet date the company had net current liabilities of £1,456,962 (2023 - £1,295,974), and total net liabilities of £1,376,118 (2023 - £1,216,930). Westchester Publishing Services LLC, the parent company, has expressed its willingness to support the company as necessary and along with the forecasted future profitable trade the business is considered a going concern. The accounts and financial statements have therefore been prepared on a going concern basis.

| Westchester Publishing Services UK Ltd (WPS UK Ltd) is a wholly owned subsidiary of Westchester Publishing Services LLC (WPS LLC), a Connecticut USA Limited Liability Company, founded in 1969. WPS LLC recognizes that the intercompany loan balance ('Amounts owed to group undertakings') represents the significant start-up costs of WPS UK Ltd and has no intention of requiring any repayment of that balance until WPS UK Ltd has attained and accumulated sufficient cash resources to make such repayments.

| The company adopted Financial Reporting Standard 102 Section 1A "Small Entities" in the current year and both the reported financial performance and the reported financial position of the company have remained unchanged as a result of this transition.

| The date of transition was 1 January 2022.

| Turnover

| Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

| Intangible assets

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

| Development costs have been fully amortised in the current year.

| Tangible fixed assets

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

| Computer equipment | - | Straight line over 3 years

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

WESTCHESTER PUBLISHING SERVICES UK LTD (REGISTERED NUMBER: 11342518) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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 8 (2023 - 8 ) .

WESTCHESTER PUBLISHING SERVICES UK LTD (REGISTERED NUMBER: 11342518) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1 January 2024 | 12,155 |  |

| Additions | 4,141 |  |

| At 31 December 2024 | 16,296 |  |

| DEPRECIATION

| At 1 January 2024 | 9,111 |  |

| Charge for year | 2,341 |  |

| At 31 December 2024 | 11,452 |  |

| NET BOOK VALUE

| At 31 December 2024 | 4,844 |  |

| At 31 December 2023 | 3,044 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 76,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | 76,000 |  |

| At 31 December 2023 | 76,000 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 180,599 |  | 44,678 |  |

| Other debtors | 96,671 |  | 28,253 |  |

277,270 |  | 72,931 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 36,737 |  | 8,462 |  |

| Amounts owed to group undertakings | 1,580,891 |  | 1,392,498 |  |

| Taxation and social security | 44,014 |  | 32,675 |  |

| Other creditors | 202,885 |  | 62,883 |  |

1,864,527 |  | 1,496,518 |  |

WESTCHESTER PUBLISHING SERVICES UK LTD (REGISTERED NUMBER: 11342518) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Mark Ashfield BA FCA (Senior Statutory Auditor)

| for and on behalf of HB&O Ltd

9. | PENSION COMMITMENTS

| During the year the company made pension contributions to a defined contribution scheme amounting to £8,398 (2023 - £23,358). Included within creditors are outstanding contributions to the fund totalling £1,596 (2023 - £1,341).

10. | RELATED PARTY DISCLOSURES

| 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.

11. | ULTIMATE CONTROLLING PARTY

| Westchester Publishing Services UK Ltd (WPS UK Ltd) is a wholly owned subsidiary of Westchester Publishing Services LLC (WPS LLC), a Connecticut USA Limited Liability Company.

12. | CONTROLLING INTERESTS

| The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.