Tee Publishing Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Tee Publishing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04245481 . The registered office is The Fosse, Fosse Way, Leamington Spa, Warwickshire, CV31 1XN.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Significant judgements and estimations

No significant judgements have had to be made by the directors in preparing these financial statements.

The directors have made key assumptions in the determination of the value of stock.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases, assets held under finance leases are depreciated in the same way as owned assets:

Leasehold improvements	Over the life of the lease
Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance

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Tee Publishing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.6. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.7. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.9. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 4 (2024: 4)

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Tee Publishing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 October 2024	238,063
Disposals	(238,063 )

As at 30 September 2025	-

Amortisation
As at 1 October 2024	238,062
Disposals	(238,062 )

As at 30 September 2025	-

Net Book Value
As at 30 September 2025	-

As at 1 October 2024	1

Goodwill arose on the purchases of unincorporated businesses in 2001 and 2007. In the opinion of the directors, the economic benefit of the goodwill is no longer being received and as such, should no longer be recognised in the financial statements.

5. Tangible Assets

	Land & Property
	Leasehold improvements	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 October 2024	584,231	88,161	162,773	835,165
Additions	9,153	-	-	9,153

As at 30 September 2025	593,384	88,161	162,773	844,318

Depreciation
As at 1 October 2024	-	35,000	89,972	124,972
Provided during the period	-	4,540	1,950	6,490
Impairment losses	337,326	35,000	65,000	437,326

As at 30 September 2025	337,326	74,540	156,922	568,788

Net Book Value
As at 30 September 2025	256,058	13,621	5,851	275,530

As at 1 October 2024	584,231	53,161	72,801	710,193

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Tee Publishing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

During the year, it was deemed that the net book value of leasehold improvements were in excess of the recoverable amount and as such an impairment had occured. This has been recognised by reducing the value to the higher of the value in use and the fair value less costs to sell.

6. Investment Property

	2025
	£
Fair Value
As at 1 October 2024	177,356
Disposals	(177,356 )

As at 30 September 2025	-

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024 as restated
	£	£
Cost	-	177,356

7. Stocks

	2025	2024 as restated
	£	£
Stock	9,020	12,615

8. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	19,180	19,297
Other debtors	11,675	9,610

	30,855	28,907

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Tee Publishing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

9. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	9,373	10,669
Other creditors	158,542	471,694
Taxation and social security	52,673	17,490

	220,588	499,853

10. Related Party Transactions

Included within other creditors is an amount of £114,915 (2024 - £437,506) owed to the directors of the company. This amount is unsecured, interest free and repayable on demand.

During the year, the company paid rent to the directors of the company in the sum of £9,000 (2024 - £9,000). At the year end, the balance of rent owed was £nil (2024 - £nil).

Included within other creditors is an amount of £6,433 (2024 - £6,433) owed to Meridienne Exhibitions Ltd, a company under common control. This amount is unsecured, interest free and repayable on demand.

During the year, the company invoiced Meridienne Exhibitions Ltd for management services provided totalling £30,000 (2024 - £25,000). At the year end, the balance of management charges receivable was £nil (2024 - £nil).

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		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		1
Tangible Assets	5		275,530		710,193
Investment Properties	6		-		177,356

			275,530		887,550
CURRENT ASSETS
Stocks	7	9,020		12,615
Debtors	8	30,855		28,907
Cash at bank and in hand		93,059		48,583

		132,934		90,105
Creditors: Amounts Falling Due Within One Year	9	(220,588 )		(499,853 )

NET CURRENT ASSETS (LIABILITIES)			(87,654 )		(409,748 )

TOTAL ASSETS LESS CURRENT LIABILITIES			187,876		477,802

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,354 )		(29,644 )

NET ASSETS			184,522		448,158

CAPITAL AND RESERVES
Called up share capital			110		110
Revaluation reserve			-		257,510
Profit and Loss Account			184,412		190,538

SHAREHOLDERS' FUNDS			184,522		448,158