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Company Registration No. 11665042 (England and Wales)
Sessions News Limited Unaudited accounts for the year ended 31 March 2025
Sessions News Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Sessions News Limited Company Information for the year ended 31 March 2025
Directors
A Sessions B Sessions S Sessions S Sessions-Puplett
Company Number
11665042 (England and Wales)
Registered Office
Hill top Dairy Long Lane Newport PO30 2NW UK
- 3 -
Sessions News Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,493,089
2,330,667
Current assets
Debtors
5
11,817
138,422
Cash at bank and in hand
2,180
60,924
13,997
199,346
Creditors: amounts falling due within one year
6
(318,484)
(1,240,318)
Net current liabilities
(304,487)
(1,040,972)
Total assets less current liabilities
2,188,602
1,289,695
Creditors: amounts falling due after more than one year
7
(2,124,343)
(1,280,086)
Net assets
64,259
9,609
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
64,159
9,509
Shareholders' funds
64,259
9,609
For the year ending 31 March 2025 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 10 December 2025 and were signed on its behalf by
B Sessions Director Company Registration No. 11665042
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Sessions News Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Sessions News Limited is a private company, limited by shares, registered in England and Wales, registration number 11665042. The registered office is Hill top Dairy, Long Lane, Newport, PO30 2NW, UK.
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 at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Freehold land and assets in the course of construction are not depreciated.
Fixtures & fittings
20% Straight Line
Borrowing Costs
During the year the company capitalised borrowing costs of £141,336 (2024: £101,256) in relation to the development of its land and buildings. These borrowing costs have been included in the carrying amount of the qualifying asset in accordance with the company's accounting policy for borrowing costs.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 5 -
Sessions News Limited Notes to the Accounts for the year ended 31 March 2025
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's tangible fixed assets . Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Tangible fixed assets (note 4) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
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 from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
- 6 -
Sessions News Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2024
2,308,795
-
-
29,232
-
2,338,027
Additions
162,911
1,925
375
2,481
726
168,418
At 31 March 2025
2,471,706
1,925
375
31,713
726
2,506,445
Depreciation
At 1 April 2024
-
-
-
7,360
-
7,360
Charge for the year
-
-
-
5,996
-
5,996
At 31 March 2025
-
-
-
13,356
-
13,356
Net book value
At 31 March 2025
2,471,706
1,925
375
18,357
726
2,493,089
At 31 March 2024
2,308,795
-
-
21,872
-
2,330,667
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
785
-
Trade debtors
11,032
9,495
Other debtors
-
128,927
11,817
138,422
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
316,000
1,186,357
VAT
-
1,249
Trade creditors
2,484
420
Taxes and social security
-
2,292
Accruals
-
50,000
318,484
1,240,318
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,304,325
-
Other creditors
-
1,143,772
Loans from directors
820,018
136,314
2,124,343
1,280,086
Aggregate of amounts that fall due for payment after five years
1,304,325
-
The bank loans are secured by a legal charge over the company’s freehold property.
- 7 -
Sessions News Limited Notes to the Accounts for the year ended 31 March 2025
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
60 A Ordinary shares of £1 each
60
60
40 B Ordinary shares of £1 each
40
40
100
100
9
Average number of employees
During the year the average number of employees was 4 (2024: 4).
- 8 -