Registered Number: 06067775
Report of the Directors and Unaudited Financial Statements
for the year ended 31 December 2024
for
NORTHERN CROSS
NORTHERN CROSS Contents Page For the year ended 31 December 2024
| Company information | 3 |
|---|---|
| Directors' report | 4 |
| Accountants' report | 5 |
| Income statement | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 |
| Detailed Income Statement | 10 |
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NORTHERN CROSS Company Information For the year ended 31 December 2024
Directors Fr D Tindall P J Baker T Hoban until May 2024 J Hughes P W Smith T Atkinson Registered Number 06067775 Registered Office Collingwood House Church Square Hartlepool TS24 7EN Accountants Wm Fortune and Son Collingwood House Church Square Hartlepool TS24 7EN Secretary T Atkinson
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NORTHERN CROSS Directors' Report For the year ended 31 December 2024
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 December 2024.
Principal activities
Principal activity of the company during the financial year was of the publication of a newspaper for the diocese of Hexham and Newcastle.
Directors
The directors who served the company throughout the year were as follows:
Fr D Tindall
P J Baker
T Hoban until May 2024
J Hughes
P W Smith
T Atkinson
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to :
select suitable accounting policies and then apply them consistently
-
make judgements and accounting estimates that are reasonable and prudent
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
This report was approved by the board and signed on its behalf by:
---------------------------------T Atkinson Secretary
Date approved: 14 May 2025
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NORTHERN CROSS Accountants' Report For the year ended 31 December 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 December 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Wm Fortune and Son 31 December 2024
....................................................
Wm Fortune and Son Collingwood House Church Square Hartlepool TS24 7EN 14 May 2025
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NORTHERN CROSS Income Statement For the year ended 31 December 2024
| Notes Turnover Cost of sales Gross profit Administrative expenses Operating profit/(loss) 2 Profit/(Loss) on ordinary activities before taxation Tax on profit on ordinary activities Profit/(Loss) for the financial year |
2024 £ 37,121 (33,692) 3,429 (4,161) (732) (732) - (732) |
2023 £ 42,600 (36,866) |
|---|---|---|
| 5,734 (4,440) |
||
| 1,294 | ||
| 1,294 - |
||
| 1,294 |
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NORTHERN CROSS Statement of Financial Position As at 31 December 2024
| Notes Fixed assets Tangible fixed assets 4 Current assets Debtors 5 Cash at bank and in hand Creditors: amount falling due within one year 6 Net current assets Total assets less current liabilities Net assets Capital and reserves Profit and loss account 7 Shareholders' funds |
2024 £ 689 689 1,552 22,399 23,951 (10,311) 13,640 14,329 14,329 14,329 14,329 |
2023 £ 919 |
|---|---|---|
| 919 820 23,107 |
||
| 23,927 (9,785) |
||
| 14,142 | ||
| 15,061 | ||
| 15,061 | ||
| 15,061 | ||
| 15,061 |
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors on 14 May 2025 and were signed on its behalf by:
------------------------------T Atkinson Secretary
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NORTHERN CROSS Notes to the Financial Statements For the year ended 31 December 2024
General Information
Northern Cross is a private company, limited by shares, registered in , registration number 06067775, registration address Collingwood House, Church Square, Hartlepool, TS24 7EN.
The presentation currency is £ sterling.
1. Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2. Operating profit/(loss)
| Operating profit/(loss) | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| The operating profit/(loss) is stated after charging: | ||
| Depreciation of tangible fixed assets | 230 | 306 |
3. Average number of employees
Average number of employees during the year was 1 (2023 : 1).
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NORTHERN CROSS Notes to the Financial Statements For the year ended 31 December 2024
4. Tangible fixed assets
Cost or valuation
| Cost or valuation At 01 January 2024 Additions Disposals At 31 December 2024 Depreciation At 01 January 2024 Charge for year On disposals At 31 December 2024 Net book values Closing balance as at 31 December 2024 Opening balance as at 01 January 2024 |
Computer Equipment £ 1,225 - - 1,225 306 230 - 536 689 919 |
Total £ 1,225 - - |
|---|---|---|
| 1,225 | ||
| 306 230 - |
||
| 536 | ||
| 689 | ||
| 919 |
5. Debtors: amounts falling due within one year
| Trade Debtors | 2024 £ 1,552 1,552 |
2023 £ 820 820 |
|---|---|---|
6. Creditors: amount falling due within one year
| Other Creditors | 2024 £ 10,311 10,311 |
2023 £ 9,785 9,785 |
|---|---|---|
7. Profit and loss account
| Balance at 01 January 2024 Loss for the year Balance at 31 December 2024 |
2024 £ 15,061 (732) 14,329 |
|---|---|
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NORTHERN CROSS Detailed Income Statement For the year ended 31 December 2024
| Turnover Sales Advertising Gift aid Cost of sales Staff costs Printing Gross profit Administrative expenses General Travel Expenses Bank Charges Depreciation Charge: Computer Equipment Advertising General Insurance Computer Expenses Stationery & Postage Sundry Expenses Operating profit/(loss) Profit/(Loss) on ordinary activities before taxation Profit/(Loss) for the financial year |
24,999 8,693 |
2024 £ 26,272 9,302 1,547 37,121 (33,692) 3,429 (4,161) (732) (732) (732) |
27,120 9,746 |
2023 £ 30,667 9,330 2,603 |
|---|---|---|---|---|
| 42,600 (36,866) |
||||
| 248 233 230 175 208 876 2,145 46 |
301 252 306 160 176 1,183 2,061 1 |
|||
| 5,734 (4,440) |
||||
| 1,294 | ||||
| 1,294 | ||||
| 1,294 |
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