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REGISTERED NUMBER: 00931447 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

PLUTO ENTERTAINMENTS LIMITED

PLUTO ENTERTAINMENTS LIMITED (REGISTERED NUMBER: 00931447)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLUTO ENTERTAINMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: K Hopwood





SECRETARY: Mrs M H Hopwood





REGISTERED OFFICE: Percy Westhead & Company
Hanover House
30-32 Charlotte Street
Manchester
M1 4FD





REGISTERED NUMBER: 00931447 (England and Wales)





ACCOUNTANTS: Percy Westhead & Company
Chartered Accountants
Hanover House
30-32 Charlotte Street
Manchester
M1 4FD

PLUTO ENTERTAINMENTS LIMITED (REGISTERED NUMBER: 00931447)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,545 10,651
Investments 5 3,001 3,001
18,546 13,652

CURRENT ASSETS
Debtors 6 10,351 29,339
Cash at bank 18,368 47,602
28,719 76,941
CREDITORS
Amounts falling due within one year 7 22,430 42,134
NET CURRENT ASSETS 6,289 34,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,835

48,459

CREDITORS
Amounts falling due after more than one
year

8

(8,094

)

(13,094

)

PROVISIONS FOR LIABILITIES - (1,000 )
NET ASSETS 16,741 34,365

CAPITAL AND RESERVES
Called up share capital 9,725 9,725
Share premium 1,837 1,837
Retained earnings 5,179 22,803
SHAREHOLDERS' FUNDS 16,741 34,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PLUTO ENTERTAINMENTS LIMITED (REGISTERED NUMBER: 00931447)

BALANCE SHEET - continued
31ST DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th September 2024 and were signed by:





K Hopwood - Director


PLUTO ENTERTAINMENTS LIMITED (REGISTERED NUMBER: 00931447)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Pluto Entertainments Limited is a private company, limited by shares , registered in England and 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Recording studio - 10% on reducing balance
Short leasehold - over the period of the lease
Fixtures and fittings - 10% on reducing balance
Equipment - 20% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

PLUTO ENTERTAINMENTS LIMITED (REGISTERED NUMBER: 00931447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Recording Short and
studio leasehold fittings Equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 86,711 49,071 23,975 190,945 350,702
Additions - - - 7,831 7,831
At 31st December 2023 86,711 49,071 23,975 198,776 358,533
DEPRECIATION
At 1st January 2023 81,337 49,071 21,762 187,881 340,051
Charge for year 537 - 221 2,179 2,937
At 31st December 2023 81,874 49,071 21,983 190,060 342,988
NET BOOK VALUE
At 31st December 2023 4,837 - 1,992 8,716 15,545
At 31st December 2022 5,374 - 2,213 3,064 10,651

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st January 2023
and 31st December 2023 3,001
NET BOOK VALUE
At 31st December 2023 3,001
At 31st December 2022 3,001

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,334 26,987
Amounts owed by subsidiary undertaking 2,119 2,119
Other debtors 240 85
Directors' loan accounts 3,533 -
Prepayments and accrued income 125 148
10,351 29,339

The amount owed by subsidiary undertaking is in respect of Pluto Music Limited, a wholly owned subsidiary.

PLUTO ENTERTAINMENTS LIMITED (REGISTERED NUMBER: 00931447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 3,498 4,644
Social security and other taxes 5,865 13,760
Other creditors 8,067 18,584
Directors' loan accounts - 146
22,430 42,134

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 5,000 5,000
Bank loans - 2-5 years 2,094 7,094
Other creditors 1,000 1,000
8,094 13,094

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
K Hopwood
Balance outstanding at start of year - -
Amounts advanced 3,533 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,533 -

10. RELATED PARTY DISCLOSURES

During the year the company paid rent totalling £21,500 (2022: £23,800) jointly to Mr K Hopwood, the director of the company and Mrs M Hopwood.