Registration number:
for the
Year Ended
The New Century Publishing Company Limited
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:
Approved by the Board on
.........................................
S L Jenner
Director
Registered office:
The New Century Publishing Company Limited
(Registration number: 00142954)
Balance Sheet as at
Note |
2014
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2013
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Current assets |
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Debtors |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total shareholders' funds |
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Approved by the Board on
.........................................
S N Corbin
Director
The New Century Publishing Company Limited
Notes to the Financial Statements for the Year Ended 31 December 2014
......... continued
Accounting policies |
Basis of preparation
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.
Debtors |
2014
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2013
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Amounts owed by group undertakings |
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Called up share capital |
Allotted and called up shares
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2014 |
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2013 |
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No. |
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£ |
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No. |
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£ |
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10% Ordinary shares of £ |
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Deferred ordinary shares of £ |
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7.5% cumulative preference shares of £ |
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41,500 |
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11,250 |
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41,500 |
|
11,250 |
The New Century Publishing Company Limited
Notes to the Financial Statements for the Year Ended 31 December 2014
......... continued
The holders of the preference shares are entitled to a fixed cumulative preferential dividend at the rate of 7.5% p.a. and shall rank, both as regards to dividend and to capital, in priority to all other shares in the original capital. They have no further right to participate in profits or assets. The holders of the 10% ordinary shares are entitled to a fixed dividend at the rate of 10% p.a. and rank next after the said preference shares. The surplus profits in each year are applied in the paying of dividends to the holders of the deferred ordinary shares. The dividends have been waived.
In a winding-up the assets are applied as follows: first in paying to the ordinary shareholders all arrears and accruals of dividend up to the date of winding-up; next in paying to the ordinary shareholders interest at the rate of 10% p.a. from the date of winding-up to repayment of capital; next in repaying to the holders of the ordinary shares the amount paid up on their shares, but they have no further or other rights to participate in profits or assets; any remaining surplus shall be divided between the holders of the deferred ordinary shares.
Company status and ultimate parent undertaking |