Gresham Books Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—10

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Balance Sheet

As At 31 March 2026

Balance Sheet

Registered number: 01459913

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		72,746		87,265
Tangible Assets	5		2,233		5,668
Investments	6		118,261		5,350

			193,240		98,283
CURRENT ASSETS
Stocks	7	7,987		23,049
Debtors	8	60,195		119,053
Cash at bank and in hand		32,486		87,476

		100,668		229,578
Creditors: Amounts Falling Due Within One Year	9	(82,973 )		(137,189 )

NET CURRENT ASSETS (LIABILITIES)			17,695		92,389

TOTAL ASSETS LESS CURRENT LIABILITIES			210,935		190,672

Creditors: Amounts Falling Due After More Than One Year	10		(8,976 )		(17,294 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(14,246 )		(17,657 )

NET ASSETS			187,713		155,721

CAPITAL AND RESERVES
Called up share capital	12		136		136
Share premium account			109,964		109,964
Capital redemption reserve			14,366		14,366
Profit and Loss Account			63,247		31,255

SHAREHOLDERS' FUNDS			187,713		155,721

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Gresham Books Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit 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 director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr N R R Oulton

Director

04/11/2026

The notes on pages 4 to 10 form part of these financial statements.

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Gresham Books Limited

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Gresham Books Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01459913 . The registered office is The Carriage House, Ningwood Manor, Ningwood, Iow, PO30 4NJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in Sterling(£) and figures are shown to the nearest whole pound.

2.2. 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.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are stated in the balance sheet at cost, less any accumulated amortisation and any accumulated impairment losses.

Costs associated with the development and acquisition of the website are recognised as intangible assets, measured at acquisition cost less accumulated amortisation.

Amortisation

Amortisation is charged to the statement of comprehensive income on a straight-line basis so as to write off the cost of intangible assets, less any estimated residual value, over their estimated useful lives as follows:

Asset Class	Amortisation Method and Rate
Website	Straight-line over 3 years
Hymn Database	Straight-line over 10 years

2.4. 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:

Fixtures & Fittings	20% on cost
Office Equipment	33.33% on cost

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Gresham Books Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. 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.

Other investments are stated at their fair value. Where a reliable fair value cannot be obtained, or where the expected costs of determining fair value outweigh the benefits, the directors estimate the fair value.

2.6. 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.

2.7. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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

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Gresham Books Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.9.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand, call deposits, and other short-term highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

Trade Debtors

Trade debtors are amounts due from customers for goods sold or services provided in the ordinary course of business.

Trade debtors are initially recognised at the transaction price and subsequently measured at amortised cost using the effective interest method, less any provision for impairment. A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due in accordance with the original terms of the receivables.

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.

Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined Contribution Pension Obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions, even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as an employee benefit expense when they are due. If contribution payments exceed the contributions due for service, the excess is recognised as a prepayment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 4)

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Gresham Books Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Hymn database	Website	Total
	£	£	£
Cost
As at 1 April 2025	145,014	5,051	150,065

As at 31 March 2026	145,014	5,051	150,065

Amortisation
As at 1 April 2025	60,054	2,746	62,800
Provided during the period	12,835	1,684	14,519

As at 31 March 2026	72,889	4,430	77,319

Net Book Value
As at 31 March 2026	72,125	621	72,746

As at 1 April 2025	84,960	2,305	87,265

5. Tangible Assets

	Fixtures & Fittings	Office Equipment	Total
	£	£	£
Cost
As at 1 April 2025	7,865	51,645	59,510

As at 31 March 2026	7,865	51,645	59,510

Depreciation
As at 1 April 2025	7,865	45,977	53,842
Provided during the period	-	3,435	3,435

As at 31 March 2026	7,865	49,412	57,277

Net Book Value
As at 31 March 2026	-	2,233	2,233

As at 1 April 2025	-	5,668	5,668

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Gresham Books Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Investments

	Subsidiaries	Other	Total
	£	£	£
Cost or Valuation
As at 1 April 2025	-	5,350	5,350
Additions	112,911	-	112,911

As at 31 March 2026	112,911	5,350	118,261

Provision
As at 1 April 2025	-	-	-

As at 31 March 2026	-	-	-

Net Book Value
As at 31 March 2026	112,911	5,350	118,261

As at 1 April 2025	-	5,350	5,350

Subsidiaries

Details of the company's subsidiaries as at 31 March 2026 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Churchwarden Publications Ltd	The Carriage House, Ningwood Manor, Ningwood, Iow, United Kingdom, PO30 4NJ	Ordinary	100.00%	-

On 14th April 2025, the company acquired 100% of the issued ordinary share capital and voting equity interests of Churchwarden Publications Ltd for a total consideration of £112,911.

Churchwarden Publications Ltd is a private limited company incorporated in England & Wales. Its principal activity is book publishing.

The investment has been recognised within Fixed Asset Investments and is measured in accordance with the company's accounting policies.

7. Stocks

	2026	2025
	£	£
Finished goods	6,743	9,334
Work in progress	1,244	13,715

	7,987	23,049

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Gresham Books Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	8,607	27,734
Prepayments and accrued income	40,928	84,550
Corporation tax recoverable	-	2,768
VAT	2,268	4,001
Amounts owed by group undertakings	8,392	-

	60,195	119,053

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	4,753	8,941
Bank loans and overdrafts	8,317	7,707
Other creditors	68,718	118,191
Taxation and social security	1,185	2,350

	82,973	137,189

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	8,976	17,294

11. Loans

An analysis of the maturity of loans is given below:

	2026	2025
	£	£
Amounts falling due within one year or on demand:
Bank loans	8,317	7,706

	2026	2025
	£	£
Amounts falling due between one and five years:
Bank loans	8,976	17,294

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Gresham Books Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

12. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	136	136

13. Related Party Disclosures

Churchwarden Publications Ltd

(subsidiary company)

During the period, the company received a dividend of £66,500 from its wholly-owned subsidiary, Churchwarden Publications Ltd.

This balance was left on an intercompany loan account. At the balance sheet date, Churchwarden Publication Limited owed £8,392 to the company. This loan is unsecured, interest-free, and repayable on demand.

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Director	Mr N R R Oulton

Secretary	Mr N R R Oulton

Company Number	01459913

Registered Office	The Carriage House
	Ningwood Manor
	Ningwood
	Iow
	PO30 4NJ

Accountants	Ripe LLP
	Chartered Accountants
	9a Burroughs Gardens
	London
	NW4 4AU