|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Agora Publishing Services (UK) Limited |
|
Audited Financial Statements for the Year Ended 31 December 2017 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Agora Publishing Services (UK) Limited |
|
Audited Financial Statements for the Year Ended 31 December 2017 |
|
|
|
|
|
Agora Publishing Services (UK) Limited (Registered number: 09545352) |
|
Contents of the Financial Statements |
for the year ended 31 December 2017 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 3 |
|
Agora Publishing Services (UK) Limited |
|
Company Information |
for the year ended 31 December 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
INDEPENDENT AUDITORS : |
|
Curzon House 2nd Floor |
24 High Street |
Banstead |
Surrey |
SM7 2LJ |
Agora Publishing Services (UK) Limited (Registered number: 09545352) |
|
Statement of Financial Position |
31 December 2017 |
|
2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
Agora Publishing Services (UK) Limited (Registered number: 09545352) |
|
Notes to the Financial Statements |
for the year ended 31 December 2017 |
|
|
1. | STATUTORY INFORMATION |
|
Agora Publishing Services (UK) Limited is a
|
Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
|
Financial instruments |
Basic financial instruments are initially recognised at transaction value and subsequently measured at the |
settlement value with the exception of bank loans which are subsequently measured at amortised cost using |
the effective interest rate method. Complex financial instruments are recognised initially at fair value and |
subsequently at fair value with changes reported in the statement of income and retained earnings. |
|
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 statement of financial position date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position 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. |
Agora Publishing Services (UK) Limited (Registered number: 09545352) |
|
Notes to the Financial Statements - continued |
for the year ended 31 December 2017 |
|
|
2. | ACCOUNTING POLICIES - continued |
|
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
statement of financial position 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. |
|
Financial instruments |
Basic financial instruments are initially recognised at transaction value and subsequently measured at the |
settlement value with the exception of bank loans which are subsequently measured at amortised cost using |
the effective interest rate method. |
|
Currency |
The company's functional and presentational currency is pounds Sterling (GBP). |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts owed by group undertakings |
|
|
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
|
The Report of the Auditors was unqualified. |
|
|
for and on behalf of
|
|
7. | RELATED PARTY DISCLOSURES |
|
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
Agora Publishing Services (UK) Limited (Registered number: 09545352) |
|
Notes to the Financial Statements - continued |
for the year ended 31 December 2017 |
|
|
7. | RELATED PARTY DISCLOSURES - continued |
|
At the year end the company owed Agora Financial UK Limited, a company registered in England & Wales and |
who shares the same ultimate controlling party, £782,772 (2016 : £432,612) in respect of finance provided to |
the company which is interest free, unsecured and repayable on demand. |
|
8. | ULTIMATE CONTROLLING PARTY |
|
The ultimate controlling party is
|
|
The company's immediate parent company is Agora Publishing Services (Ireland) Limited whose registered |
office address is Woodlock House, Carrick Road, Portlaw, Co Waterford, Ireland. |