TRP MAGAZINES LIMITED - Accounts to registrar (filleted)

REGISTERED NUMBER: 02728298 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

TRP MAGAZINES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M H Redmayne

SECRETARY:

Mrs E Redmayne

REGISTERED OFFICE:

Landsdowne House

3-7 Northcote Road

London

SW11 1NG

REGISTERED NUMBER:

02728298 (England and Wales)

ACCOUNTANTS:

Williams Chartered Accountants

Jade House

67 Park Royal Road

London

NW10 7JJ

FIXED ASSETS

Tangible assets

4

4,141

2,401

CURRENT ASSETS

Debtors

5

440,977

613,222

Cash at bank and in hand

26,926

39,049

467,903

652,271

CREDITORS

Amounts falling due within one year

6

748,299

955,356

NET CURRENT LIABILITIES

(280,396

)

(303,085

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(276,255

)

(300,684

)

CREDITORS

Amounts falling due after more than one
year

7

154,591

164,722

NET LIABILITIES

(430,846

)

(465,406

)

CAPITAL AND RESERVES

Called up share capital

9

900

Retained earnings

10

(431,746

)

(466,306

)

SHAREHOLDERS' FUNDS

(430,846

)

(465,406

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 3 June 2026 and were signed by:

M H Redmayne - Director

1.	STATUTORY INFORMATION

TRP MAGAZINES 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Fixtures,Fittings & Equipment

-

25% on reducing balance

Computer equipment

-

25% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 14 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Short

Fixtures,Fittings

Computer

leasehold

& Equipment

equipment

Totals

£

COST

At 1 January 2024

11,924

87,539

122,344

221,807

Additions

-

2,814

At 31 December 2024

11,924

87,539

125,158

224,621

DEPRECIATION

At 1 January 2024

10,863

86,199

122,344

219,406

Charge for year

212

335

527

1,074

At 31 December 2024

11,075

86,534

122,871

220,480

NET BOOK VALUE

At 31 December 2024

849

1,005

2,287

4,141

At 31 December 2023

1,061

1,340

-

2,401

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

383,802

336,854

Amounts owed by associates

-

147,222

Other debtors

57,175

129,146

440,977

613,222

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

26,281

10,648

Trade creditors

162,181

429,867

Taxation and social security

59,980

47,753

Other creditors

499,857

467,088

748,299

955,356

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

4,145

14,276

Other creditors

150,446

154,591

164,722

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Bank overdraft

15,633

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

900

Ordinary

£1

900

10.

RESERVES

Retained

earnings

£

At 1 January 2024

(466,306

)

Profit for the year

34,560

At 31 December 2024

(431,746

)

11.	ULTIMATE CONTROLLING PARTY

Martin Redmayne, the director, controls the company by virtue of a 100% interest of the issued ordinary share capital.