The Thomson Organisation (No. 23) - Period Ending 2014-12-31

Registration number: 02388913

The Thomson Organisation (No. 23)

Report and Accounts

for the Year Ended 31 December 2014
 

The Thomson Organisation (No. 23)
Directors' Report for the Year Ended 31 December 2014

The directors present their report and accounts for the year ended 31 December 2014.

Directors

The directors who held office during the year and up to the date of signing were as follows:

S N Corbin

S L Jenner

P Thorn

Approved by the Board on 3 March 2015 and signed on its behalf by:

.........................................
S L Jenner
Director

Registered Office: 2nd Floor, 1 Mark Square, Leonard Street, London, EC2A 4EG.
 

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The Thomson Organisation (No. 23)
(Registration number: 02388913)
Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Investments		2			359,114,485			359,114,485
Current assets
Debtors		3			25,401,879			25,401,879
Creditors: Amounts falling due within one year		4			(364,300,000)			(364,300,000)
Net current liabilities					(338,898,121)			(338,898,121)
Total assets less current liabilities					20,216,364			20,216,364
Creditors: Amounts falling due after more than one year		5			(25,401,877)			(25,401,877)
Net liabilities					(5,185,513)			(5,185,513)
Capital and reserves
Called up share capital		6			2			2
Profit and loss account					(5,185,515)			(5,185,515)
Total shareholders' deficit					(5,185,513)			(5,185,513)

For the year ended 31 December 2014 the Company was entitled to the exemption under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit in accordance with section 476(2) of the Companies Act 2006.

The directors acknowledge their responsibilities for:(a) ensuring the Company keeps accounting records which comply with section 386; and(b) preparing accounts which give a true and fair view of the state of affairs of the Company as at the end of the financial year, and of its profit and loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the Company.

Approved and authorised for issue by the Board on 3 March 2015 and signed on its behalf by:

.........................................
P Thorn
Director

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The Thomson Organisation (No. 23)
Notes to the Financial Statements for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation
 

The accounts have been prepared under the historical cost convention in accordance with applicable UK accounting standards and on a basis consistent with the previous year.
 

Trading status

The Company has not traded during the year or the previous year, has incurred no liabilities and, consequently, has made neither profit nor loss. None of the directors received any emoluments in respect of their services to the Company.

2	Investments held as fixed assets

The Company owns 100% of the issued ordinary share capital (represented by bearer warrants) of Thomson Business Information Holdings Limited, a company incorporated in England and Wales. Thomson Business Information Holdings Limited is a holding company. Group accounts are not prepared as the Company is a wholly owned subsidiary of another company incorporated in England and Wales. The directors are of the opinion that the value of the Company's investment in its subsidiary is not less than the amount at which it is stated in the balance sheet.

3

Debtors

		2014 £			2013 £
Amounts owed by group undertakings		25,401,879			25,401,879

4	Creditors: Amounts falling due within one year

		2014 £			2013 £
Amounts owed to group undertakings		364,300,000			364,300,000

5	Creditors: Amounts falling due after more than one year

		2014 £			2013 £
52,244,040 non-cumulative preference shares of CADS1 each		25,401,877			25,401,877

The non-cumulative preference shares are non-voting and rank prior to the ordinary shares on winding-up.

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The Thomson Organisation (No. 23)
Notes to the Financial Statements for the Year Ended 31 December 2014
......... continued

6	Called up share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of 1 each		2			2			2			2

7	Company status and ultimate parent undertaking

The Company's immediate parent company is TTC (1994) Limited . Within the meaning of the Companies Act 2006 (“CA2006”), Thomson Investments Limited (“TIL”) is regarded by the Directors of the Company as being the Company’s ultimate parent company and controlling party. Within the meaning of CA2006, Thomson Reuters Corporation (“Thomson Reuters”) is the parent undertaking of the only group of undertakings for which group accounts were drawn up and of which the Company was a member for the period ended 31 December 2014. TIL and Thomson Reuters are incorporated under the laws of the Province of Ontario, Canada.
  Copies of the Thomson Reuters annual reports are available from: The Thomson Reuters Building, 30 South Colonnade, Canary Wharf, London, E14 5EP, and online at www.thomsonreuters.com.

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