Registration number:
Comite International Des Telecommunications de Presse
(A company limited by guarantee)
for the Year Ended 31 December 2025
Comite International Des Telecommunications de Presse
Contents
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Company Information |
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Directors' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Comite International Des Telecommunications de Presse
Company Information
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Directors |
Mr B P Quinn J Parrucci R C Schmidt-Nia P Harman G Innerwinkler G Wu D Compton P Mougin H L Edwards-Gray |
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Company secretary |
Mr B P Quinn |
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Registered office |
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Comite International Des Telecommunications de Presse
Directors' Report for the Year Ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is defining, developing, maintaining and promoting technical standards for news exchange formats and vocabularies
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Comite International Des Telecommunications de Presse
(Registration number: 01010968)
Balance Sheet as at 31 December 2025
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Note |
31 December |
31 December |
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Fixed assets |
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Tangible assets |
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- |
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Current assets |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Reserves |
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Retained earnings |
522,592 |
495,557 |
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Surplus |
522,592 |
495,557 |
For the financial year ending 31 December 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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Comite International Des Telecommunications de Presse
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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General information |
The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding €Nil towards the assets of the company in the event of liquidation.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentational currency is Euros, rounded to the nearest whole number.
Going concern
Revenue recognition
Subscription revenue comprises amounts invoiced to nominating organisations and scientific and industrial organisations.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Comite International Des Telecommunications de Presse
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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25% reducing balance |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
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Asset class |
Amortisation method and rate |
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Intellectual property |
33% on cost reducing balance |
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Development costs |
50% on cost reducing balance |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Comite International Des Telecommunications de Presse
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Financial instruments
Classification
All of the company’s inancial instruments are classified as basic financial instruments in accordance with FRS 102 Section 11. They are measured at mortised cost, with the exception of cash, which is measured at face value.
The company does not hold any complex financial instruments, derivatives or financial instruments measured at fair value.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Comite International Des Telecommunications de Presse
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Intangible assets |
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Internally generated software development costs |
Other intangible assets |
Total |
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Cost or valuation |
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At 1 January 2025 |
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At 31 December 2025 |
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Amortisation |
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At 1 January 2025 |
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At 31 December 2025 |
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Carrying amount |
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At 31 December 2025 |
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 January 2025 |
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Additions |
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At 31 December 2025 |
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Depreciation |
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At 1 January 2025 |
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Charge for the year |
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At 31 December 2025 |
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Carrying amount |
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At 31 December 2025 |
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Comite International Des Telecommunications de Presse
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Debtors |
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Current |
31 December |
31 December |
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Trade debtors |
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Current asset investments |
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31 December |
31 December |
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Other investments |
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Creditors |
Creditors: amounts falling due within one year
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31 December |
31 December |
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Due within one year |
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Trade creditors |
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Accruals and deferred income |
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