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REGISTERED NUMBER: 05113671 (England and Wales)

Financial Statements for the Year Ended 31 July 2025

for

Liverpool University Press 2004 Limited

Liverpool University Press 2004 Limited (Registered number: 05113671)

Contents of the Financial Statements

for the Year Ended 31 July 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Liverpool University Press 2004 Limited

Company Information

for the Year Ended 31 July 2025

| DIRECTORS: | J L Greig

| A D Cond

| G H Endfield

| A K Welsby

| D C Nicholson

| M R Greenhall

| H Krause

| SECRETARY: | J L Greig

| REGISTERED OFFICE: | 4 Cambridge Street

| Liverpool

| L69 7ZU

| REGISTERED NUMBER: | 05113671 (England and Wales)

| AUDITORS: | DJH Audit Limited

| Statutory Auditor

| 3rd Floor Pacific Chambers

| 11-13 Victoria Street

| Liverpool

| Merseyside

| L2 5QQ

Liverpool University Press 2004 Limited (Registered number: 05113671)

Balance Sheet

31 July 2025

31.7.25 | 31.7.24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 4 | 185,870 |  | 136,470 |  |

Tangible assets | 5 | 9,049 |  | 10,196 |  |

194,919 |  | 146,666 |  |

CURRENT ASSETS

Stocks | 441,662 |  | 422,047 |  |

Debtors | 6 | 1,329,899 |  | 1,022,760 |  |

Cash at bank and in hand | 323,330 |  | 261,059 |  |

2,094,891 |  | 1,705,866 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,951,752 |  | 1,532,182 |  |

NET CURRENT ASSETS | 143,139 |  | 173,684 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 338,058 |  | 320,350 |  |

CAPITAL AND RESERVES

Called up share capital | 720,100 |  | 720,100 |  |

Retained earnings | (382,042 | ) | (399,750 | ) |

338,058 |  | 320,350 |  |

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 1 April 2026 and were signed on its behalf by:

A D Cond - Director

Liverpool University Press 2004 Limited (Registered number: 05113671)

Notes to the Financial Statements

for the Year Ended 31 July 2025

1. | STATUTORY INFORMATION

| Liverpool University Press 2004 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.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

| amounts in these financial statements are rounded to the nearest £.

| The company is a qualifying entity for the purposes of FRS102, being a member of a group where the parent of the group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of the exemption from the following disclosure requirements:

| - Section 4 'Statement of Financial Position': Reconciliation of the opening and closing number of shares;

| - Section 7 'Statement of Cash Flows': Presentation of a statement of cash flow and related notes and disclosures,

| - Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues': Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

| - Section 26 'Share based Payment': Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

| - Section 33 'Related Party Disclosures': Compensation for key management personnel.

| Turnover

| Turnover is measure at the fair value of consideration received or receivable, excluding discounts, rebates, trade discounts, value added tax and other sales taxes.

| Subscriptions to journals relate to a calendar year. Income received in respect of each journal is divided equally over the number of issue to be published in the calendar year. A proportion of the income received is deferred at the end of an accounting period as it is attributable to issues to be published between the following August and December.

| Revenue from the sale of books is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred of the transaction can be measured reliably

| Goodwill

| Goodwill is amortised in equal annual instalments over the estimated economic life of between 4 and 5 year of the assets.

Liverpool University Press 2004 Limited (Registered number: 05113671)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

2. | ACCOUNTING POLICIES - continued

| Intangible assets

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

| Website costs are being amortised evenly over its estimated useful economic life of between 2 and 5 year,

| Tangible fixed assets

| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Deprecation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value of each asset evenly over its expected useful life, as follows:

| Plant and machinery |  | 4 year |  |

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

| 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.

| 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.

| 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.

Liverpool University Press 2004 Limited (Registered number: 05113671)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held at call with banks.

| Financial instruments

| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial instruments

| Basic financial assets, which include trade and other debtors and cash and bank balances, are initially recognised at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

| Impairment of financial assets

| Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

| Basic financial liabilities

| Basic financial liabilities, including trade and other creditors are initially recognised at transaction price.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when, the company's contractual obligations are discharged, cancelled, or they expire.

| Pensions

| The company contributes to the Universities Superannuation Scheme (USS) and the University of Liverpool Pension Fund (ULPF) for its academic and administrative staff respectively, Both schemes are defined benefit, externally funded and contracted out of the State Second Pension (S2P). The assets of the schemes are held in separate trustee administered funds.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 32 (2024 - 30 ) .

Liverpool University Press 2004 Limited (Registered number: 05113671)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

4. | INTANGIBLE FIXED ASSETS

Other |

intangible |

Goodwill | assets | Totals |

| £ | £ | £

| COST

| At 1 August 2024 | 87,660 |  | 99,899 |  | 187,559 |  |

| Additions | 45,000 |  | 46,087 |  | 91,087 |  |

| At 31 July 2025 | 132,660 |  | 145,986 |  | 278,646 |  |

| AMORTISATION

| At 1 August 2024 | 23,795 |  | 27,294 |  | 51,089 |  |

| Charge for year | 17,282 |  | 24,405 |  | 41,687 |  |

| At 31 July 2025 | 41,077 |  | 51,699 |  | 92,776 |  |

| NET BOOK VALUE

| At 31 July 2025 | 91,583 |  | 94,287 |  | 185,870 |  |

| At 31 July 2024 | 63,865 |  | 72,605 |  | 136,470 |  |

5. | TANGIBLE FIXED ASSETS

Plant and |

machinery |

etc |

| £

| COST

| At 1 August 2024 | 63,466 |  |

| Additions | 5,844 |  |

| At 31 July 2025 | 69,310 |  |

| DEPRECIATION

| At 1 August 2024 | 53,270 |  |

| Charge for year | 6,991 |  |

| At 31 July 2025 | 60,261 |  |

| NET BOOK VALUE

| At 31 July 2025 | 9,049 |  |

| At 31 July 2024 | 10,196 |  |

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

31.7.25 | 31.7.24 |

| £ | £

| Trade debtors | 890,227 |  | 676,712 |  |

| Other debtors | 439,672 |  | 346,048 |  |

1,329,899 |  | 1,022,760 |  |

Liverpool University Press 2004 Limited (Registered number: 05113671)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

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

31.7.25 | 31.7.24 |

| £ | £

| Trade creditors | 478,249 |  | 390,530 |  |

| Amounts owed to group undertakings | 246,219 |  | 102,936 |  |

| Other creditors | 1,227,284 |  | 1,038,716 |  |

1,951,752 |  | 1,532,182 |  |

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

| The Report of the Auditors was unqualified.

| Timothy Cherry FCCA (Senior Statutory Auditor)

| for and on behalf of DJH Audit Limited

9. | RELATED PARTY DISCLOSURES

| Exemption has been taken from disclosing related party transactions between wholly owned members of the group.

10. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is considered to be the University of Liverpool, which is the parent |

| company of the Liverpool University Press 2004 Limited. The group financial statements of the |

| University of Liverpool, within which this company is included, can be obtained from their website at: |

| https://www.liverpool.ac.uk/finance/financial_statements/