Oldroyd Publishing Group Limited 31/12/2022 iXBRL
Oldroyd Publishing Group Limited 31/12/2022 iXBRL
Company registration number:
2033508
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Boardmans Way | ||
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Business address |
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Boardmans Way | ||
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Accountants |
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105 Garstang Road | ||
Preston | ||
Lancs | ||
PR1 1LD | ||
Bankers |
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11 St Annes Road West | ||
St Annes on Sea | ||
Lancashire | ||
FY8 1SA | ||
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Oldroyd Publishing Group Limited
Year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oldroyd Publishing Group Limited for the year ended 31 December 2022 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
This report is made solely to the board of directors of Oldroyd Publishing Group Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Oldroyd Publishing Group Limited and state those matters that we have agreed to state to the board of directors of Oldroyd Publishing Group Limited as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oldroyd Publishing Group Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Oldroyd Publishing Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oldroyd Publishing Group Limited. You consider that Oldroyd Publishing Group Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Oldroyd Publishing Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
105 Garstang Road
Preston
Lancs
PR1 1LD
26 July 2023
Statement of financial position
31 December 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Investments | 6 |
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Current assets | |||||||||
Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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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 financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
26 July 2023
, and are signed on behalf of the board by:
Director
Company registration number:
2033508
Notes to the financial statements
Year ended 31 December 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 Olympic Court, Whitehills Business Park, Blackpool, Lancs, FY4 5GU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property | - |
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Fittings fixtures and equipment | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Financial instruments
Defined contribution plans
Share-based payments
Group Accounts
The company is the holding company of a small group and in entitled under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts. These accounts present information about the company as an individual undertaking and not about its group.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
26
(2021:
24
).
5.
Tangible assets
Short leasehold property | Fixtures, fittings and equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 January 2022 |
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Additions | - |
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Disposals |
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_______ | _______ | _______ | ||
At 31 December 2022 | - |
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_______ | _______ | _______ | ||
Depreciation | ||||
At 1 January 2022 |
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Charge for the year |
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Disposals |
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At 31 December 2022 | - |
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Carrying amount | ||||
At 31 December 2022 | - |
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At 31 December 2021 |
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51,268 | |
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6.
Investments
Shares in group undertakings and participating interests | Total | ||
£ | £ | ||
Cost | |||
At 1 January 2022 and 31 December 2022 |
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_______ | _______ | ||
Impairment | |||
At 1 January 2022 and 31 December 2022 | - | - | |
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Carrying amount | |||
At 31 December 2022 |
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At 31 December 2021 |
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7.
Debtors
2022 | 2021 | |||
£ | £ | |||
Trade debtors |
(
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- | ||
Amounts owed by group undertakings |
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Other debtors |
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8.
Creditors: amounts falling due within one year
2022 | 2021 | |||
£ | £ | |||
Bank loans and overdrafts | - |
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Trade creditors |
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Amounts owed to group undertakings |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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9.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ | £ | |
Later than 1 year and not later than 5 years |
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_______ | _______ | |
10.
Directors advances, credits and guarantees
Balance brought forward and o/standing | Balance brought forward and o/standing | ||
2022 | 2021 | ||
£ | £ | ||
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_______ | _______ | ||
11.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value | Balance owed by/(owed to) | ||||
2022 | 2021 | 2022 | 2021 | ||
£ | £ | £ | £ | ||
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888,853 |
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159,122 |
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- | - |
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12.
Controlling party
The company is not under the control of any one person.
13.
Investments (continued)
Group Undertakings
Shares in group undertakings are valued at cost less provisions for permanent diminution in value. On this basis the company has the following investments in subsidiary companies, all of which are registered in England -
Name of subsidiary
Ordinary
2022
% held
2021
Shares
held
Homebuyers Services Advertising Limited
100
15,072
100
15,072
Oldroyd Publishing Limited
100
-
100
-
Estates Press Limited
100
210
100
210
Neighbourhood Direct Limited
100
155,303
100
155,303
Webwize UK Limited
100
100
100
100
Neighbourhood Professionals Limited
1
1
100
1
Social Active Limited
1
1
100
1
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170,687
170,687
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The aggregate amount of the subsidiary companies' capital and reserves, as at 31 December 2022, and their profit or loss before taxation, for the year ended on that date, were as follows -
Name of subsidiary
2022
2021
Capital &
Profit/
Capital &
Profit/
Reserves
(Loss)
Reserves
(Loss)
£
£
£
£
Homebuyers Services Advertising Limited
105,254
946
104,038
947
Oldroyd Publishing Limited
(2,284,360)
5,328
(2,289,688)
34,359
Estates Press Limited
78,393
(28)
78,421
(28)
Neighbourhood Direct Limited
491,307
71,204
920,203
344,844
Webwize UK Limited
82,108
1,206
80,902
643
Neighbourhood Professionals Limited
1
-
1
-
Social Active Limited
1
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1
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The following companies did not trade during the year -
Homebuyers Services Advertising Limited
Neighbourhood Professionals Limited
Estates Press Limited
Social Active Limited
Webwize UK Limited