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Registered number: 07357170
The Local News Limited
ACCOUNTS
FOR THE YEAR ENDED 31/08/2026
Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
The Local News Limited
ACCOUNTS
FOR THE YEAR ENDED 31/08/2026
DIRECTORS
Moshe Kahan
Gilla Kahan
REGISTERED OFFICE
Office 4
Unit 14 Grosvenor Way
Stamford Hill
London
E5 9ND
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07357170
BANKERS
HSBC
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
The Local News Limited
ACCOUNTS
FOR THEYEARENDED31/08/2026
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
The Local News Limited
BALANCE SHEET AT 31/08/2026
20262025
Notes££
FIXED ASSETS
Intangible assets2-7,000
Tangible assets310,41315,052
10,41322,052
CURRENT ASSETS
Debtors4282,074312,832
Cash at bank and in hand46,70732,142
328,781344,974
CREDITORS: Amounts falling due within one year525,82464,535
NET CURRENT ASSETS302,957280,439
TOTAL ASSETS LESS CURRENT LIABILITIES313,370302,491
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account313,270302,391
SHAREHOLDERS' FUNDS313,370302,491
For the year ending 31/08/2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/09/2026 and signed on their behalf by
.............................
Moshe Kahan
Director
The Local News Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/08/2026
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 33%
1c. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1d. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
The Local News Limited
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/09/202570,00070,000
At 31/08/202670,00070,000
Depreciation
At 01/09/202563,00063,000
For the year7,0007,000
At 31/08/202670,00070,000
Net Book Amounts
At 31/08/2026--
At 31/08/20257,0007,000
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/09/202539,10739,107
Additions567567
At 31/08/202639,67439,674
Depreciation
At 01/09/202524,05524,055
For the year5,2065,206
At 31/08/202629,26129,261
Net Book Amounts
At 31/08/202610,41310,413
At 31/08/202515,05215,052
4. DEBTORS 20262025
££
Amounts falling due within one year
Trade debtors49,15858,299
Other debtors211,267254,533
Prepayments21,649-
282,074312,832
The Local News Limited
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20262025
££
UK corporation tax6,7164,956
VAT11,8489,071
PAYE control4,349-
Trade creditors1,369318
Other creditors1,54250,190
25,82464,535
6. EMPLOYEES
20262025
No.No.
Average number of employees55
7. SHARE CAPITAL 20262025
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. CONTROLLING PARTY
The controlling party is M Kahan, the director, by virtue of the fact that, together with his wife, he owns 100% of the company's issued and called up voting share capital.
9. RELATED PARTY TRANSACTIONS
During the year, certain loans were advanced to the company by the director. At the year end, the balance due to the director totalled £1,542 (2025: £17,640). The loan is interest free and repayable on demand.