COMPANY REGISTRATION NUMBER:
10715855
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X-T-I-N-C-T Editions Limited (Formerly Matthew Penn Ltd) |
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Filleted Unaudited Financial Statements |
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X-T-I-N-C-T Editions Limited (Formerly Matthew Penn Ltd) |
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Statement of Financial Position |
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31 March 2025
Current assets
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Debtors |
5 |
52,824 |
35,767 |
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Cash at bank and in hand |
1,544 |
1,272 |
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-------- |
-------- |
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54,368 |
37,039 |
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|
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Creditors: amounts falling due within one year |
6 |
19,658 |
8,590 |
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-------- |
-------- |
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Net current assets |
34,710 |
28,449 |
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-------- |
-------- |
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Total assets less current liabilities |
34,710 |
28,449 |
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Creditors: amounts falling due after more than one year |
7 |
7,157 |
8,996 |
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-------- |
-------- |
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Net assets |
27,553 |
19,453 |
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-------- |
-------- |
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Capital and reserves
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Called up share capital |
100 |
100 |
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Profit and loss account |
27,453 |
19,353 |
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-------- |
-------- |
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Shareholders funds |
27,553 |
19,453 |
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-------- |
-------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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X-T-I-N-C-T Editions Limited (Formerly Matthew Penn Ltd) |
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Statement of Financial Position (continued) |
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31 March 2025
These financial statements were approved by the
board of directors
and authorised for issue on
22 December 2025
, and are signed on behalf of the board by:
Company registration number:
10715855
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X-T-I-N-C-T Editions Limited (Formerly Matthew Penn Ltd) |
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Notes to the Financial Statements |
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Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors will continue to support the company and believe that the company will generate a profit in future periods therefore the accounts have been prepared on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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 profit and loss account in other administrative expenses. 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. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2024:
2
).
5.
Debtors
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2025 |
2024 |
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£ |
£ |
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Other debtors |
52,824 |
35,767 |
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-------- |
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6.
Creditors:
amounts falling due within one year
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2025 |
2024 |
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£ |
£ |
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Bank loans and overdrafts |
2,050 |
2,050 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
13,508 |
– |
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Corporation tax |
1,900 |
4,540 |
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Other creditors |
2,200 |
2,000 |
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-------- |
------- |
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19,658 |
8,590 |
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-------- |
------- |
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7.
Creditors:
amounts falling due after more than one year
|
2025 |
2024 |
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£ |
£ |
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Bank loans and overdrafts |
7,157 |
8,996 |
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------- |
------- |
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8.
Related party transactions
At the end of the year the company was owed £27,510 (2024: £33,070) by a company associated by common control. At the end of the year the company owed £13,508 (2024: was owed £2,191) to a company associated by common control.