| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 June 2025 |
| for |
| Search Press Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 June 2025 |
| for |
| Search Press Limited |
| Search Press Limited (Registered number: 00943246) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Search Press Limited |
| Company Information |
| for the Year Ended 30 June 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Thatcher House |
| 12 Mount Ephraim |
| Tunbridge Wells |
| Kent |
| TN4 8AS |
| Search Press Limited (Registered number: 00943246) |
| Balance Sheet |
| 30 June 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities | 9 | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 10 |
| Capital redemption reserve | 11 |
| Retained earnings | 11 |
| Shareholders' funds |
| The directors acknowledge their 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. |
| Search Press Limited (Registered number: 00943246) |
| Balance Sheet - continued |
| 30 June 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Search Press Limited (Registered number: 00943246) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2025 |
| 1. | STATUTORY INFORMATION |
| Search Press Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The principal activity of the company in the year under review was that of the publishing of books. |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY |
| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
| TURNOVER |
| Turnover represents net invoiced sales of goods, excluding value added tax. Turnover is recognised upon despatch of goods to the customer. |
| TANGIBLE FIXED ASSETS |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| STOCKS |
| 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 items. Slow moving and obsolete stock is written off after a 6 month period based on the publishing date. |
| 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 balance sheet date. |
| Search Press Limited (Registered number: 00943246) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| DEFERRED TAX |
| Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet 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. |
| FOREIGN CURRENCIES |
| 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| ROYALTY REVENUE |
| Royalty revenue is generated through books produced. Revenue is recognised based on the contractual terms. |
| ROYALTY EXPENDITURE |
| Royalties are paid in accordance with contractual obligations and in the period to which they relate. |
| FIXED ASSET INVESTMENTS |
| Investments are stated at cost less any provision for impairment. |
| The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. If any such indication of impairment exists an adjustment is made by the company to reflect the carrying value. An impairment loss is recognised immediately in the profit and loss account. |
| The Company will also assess if a revaluation of the investments is necessary each year and will adjust the carrying value if appropriate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Search Press Limited (Registered number: 00943246) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and | Computer |
| property | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 July 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 June 2025 |
| DEPRECIATION |
| At 1 July 2024 |
| Charge for year |
| At 30 June 2025 |
| NET BOOK VALUE |
| At 30 June 2025 |
| At 30 June 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT |
| Prepayments and accrued income |
| The directors consider the carrying value of trade and other receivables approximate to their fair values. |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Corporation Tax |
| Social security and other tax |
| Directors' loan accounts | 246,059 | 212,651 |
| Accrued expenses |
| The directors consider the carrying amounts of current liabilities approximate to their fair values. |
| Search Press Limited (Registered number: 00943246) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2025 |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| 8. | SECURED DEBTS |
| The following security is stated as held by HSBC: Fixed Charge over book and other debts, goodwill, uncalled capital and intellectual property (where applicable) and a Floating Charge over all other assets dated 12 May 1975. |
| There is a further charge dated 12 October 1983 registered by HSBC which includes all monies due or to become due from the company to the chargee on any amount whatsoever including all book debts and other debts owing to the company. |
| 9. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 1,789 | 619 |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2024 |
| Provided during year |
| Balance at 30 June 2025 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| 'A' Ordinary | £1 | 22 | 22 |
| 'B' Ordinary | £1 | 20 | 20 |
| 'C' Ordinary | £1 | 22 | 22 |
| 64 | 64 |
| The 'A' Ordinary shares, 'B' Ordinary shares and the 'C' Ordinary shares shall carry all rights to any profits which the Company may determine to distribute in respect of any financial year except that the directors may at any time resolve to declare a dividend on one class of share and not the other class, or declare unequal dividends attaching to each class of share. |
| On a return of assets on liquidation or otherwise the surplus assets of the Company remaining after payment of its liabilities shall belong to and be distributed amongst the holders of the 'A' Ordinary shares, 'B' Ordinary shares and the 'C' Ordinary shares in proportion to the amounts paid up thereon. |
| Each class of share in entitled to equal voting rights. |
| Search Press Limited (Registered number: 00943246) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2025 |
| 11. | RESERVES |
| Capital |
| Retained | redemption |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 July 2024 | 4,880,702 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 30 June 2025 | 3,534,199 |
| The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve. |
| 12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 June 2025 and 30 June 2024: |
| 2025 | 2024 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| 13. | RELATED PARTY DISCLOSURES |
| The total amount outstanding at the year end was £349 (2024 - £349) to Mrs C de la Bedoyere. |
| Search Press Ltd made no purchases from Mr G de la Bedoyere in the financial year however at the year end the balance of £155 (2024 - £155) remains outstanding to Mr G de la Bedoyere from Search Press Ltd. |
| Mr F V M de la Bedoyere and Mrs C J de la Bedoyere, both directors and shareholders of the company, have a joint director's loan account. Both receive salaries and private insurance from the company. The directors received £700 per month for the rent of an unfurnished property to the company. |
| Included within Other creditors is £1,670,276 (2024 - £393,098) due from Halbik Holdings Limited, the parent company. |