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REGISTERED NUMBER: 01630842 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Rob Halford Music Ltd

Rob Halford Music Ltd (Registered number: 01630842)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Rob Halford Music Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R Halford
A Thompson





SECRETARY: A Thompson





REGISTERED OFFICE: 8 Hampstead Gate
1A Frognal
Hampstead
London
NW3 6AL





REGISTERED NUMBER: 01630842 (England and Wales)





ACCOUNTANTS: Brackman Chopra LLP
Chartered Accountants
8 Hampstead Gate
1 A Frognal
Hampstead
London
NW3 6AL

Rob Halford Music Ltd (Registered number: 01630842)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 212,500 212,500
Tangible assets 5 309,216 309,216
Investments 6 125 125
521,841 521,841

CURRENT ASSETS
Debtors 1,198,763 976,801
Cash at bank 343,873 314,034
1,542,636 1,290,835
CREDITORS
Amounts falling due within one year 1,643,938 1,420,264
NET CURRENT LIABILITIES (101,302 ) (129,429 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

420,539

392,412

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 101,255 101,255
Retained earnings 319,184 291,057
420,539 392,412

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

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

The directors acknowledge their 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.

Rob Halford Music Ltd (Registered number: 01630842)

Abridged Balance Sheet - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





R Halford - Director


Rob Halford Music Ltd (Registered number: 01630842)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Rob Halford Music Ltd 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.

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.

Principal activity and turnover
The company's principal activity is that of the assignment of recording and merchandising rights for the receipt of royalties.

Turnover represents the amounts (excluding value added tax) derived from artists royalties. Revenue is recognised when the company becomes entitled to it - usually on the rendering of an invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% Straight Line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Copyright
Copyrights are valued at cost. No depreciation has been provided on copyrights.

Rob Halford Music Ltd (Registered number: 01630842)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Land and buildings
Chandler Boulevard has been valued in the accounts at cost. No depreciation has been provided on this as the market value of the property is considerably higher than its historic cost.

Financial assets
Basic financial assets, including trade and other receivables and cash & bank balances are initially recognised at transaction price and subsequently measured at amortised cost.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Financial liabilities
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are initially recognised at transaction price and subsequently measured at amortised cost.

Derecognition of financial assets and liabilities
A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 212,500
NET BOOK VALUE

At 31 December 2023 212,500
At 31 December 2022 212,500

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 339,522
DEPRECIATION
At 1 January 2023
and 31 December 2023 30,306
NET BOOK VALUE
At 31 December 2023 309,216
At 31 December 2022 309,216

Rob Halford Music Ltd (Registered number: 01630842)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 December 2023 125
NET BOOK VALUE
At 31 December 2023 125
At 31 December 2022 125

7. RELATED PARTY DISCLOSURES

Ebonytree Ltd (Incorporated in the UK)
Fellow Subsidiary

During the year, the company charged a management fee of £100,000 (2022 - £100,000) to fellow subsidiary, Ebonytree Limited. At the balance sheet date, the balance due to Ebonytree Limited was £557,813 (2022 - £815,559). At the balance sheet date, the company was owed £235,426 (2022 - £235,426) by Betaglow Limited, a subsidiary company.

8. ULTIMATE CONTROLLING PARTY

Rob Halford Entertainment Limited owns 100% of the voting share capital of Rob Halford Music Limited and Ebonytree Limited. Rob Halford Music Limited owns 100% of the voting share capital of Betaglow Limited and 25% of Judas Priest Music Limited.

The ultimate controlling party is Mr R Halford, by virtue of his ownership of 100% of the voting share capital of Rob Halford Entertainment Limited.