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REGISTERED NUMBER: 10937010 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 August 2024

for

Proxxy UK Limited

Proxxy UK Limited (Registered number: 10937010)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Report of the Director 2

Chartered Certified Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Statement of Changes in Equity 7

Notes to the Financial Statements 8


Proxxy UK Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: G L H Chippendale





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 10937010 (England and Wales)





ACCOUNTANTS: Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE

Proxxy UK Limited (Registered number: 10937010)

Report of the Director
for the Year Ended 31 August 2024

The director presents his report with the financial statements of the company for the year ended 31 August 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the creation and placement of promotional and marketing material for the music industry internationally via social media advertising.

DIRECTOR
G L H Chippendale held office during the whole of the period from 1 September 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





G L H Chippendale - Director


3 February 2025

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Proxxy UK Limited


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Proxxy UK Limited for the year ended 31 August 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Proxxy UK Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Proxxy UK Limited and state those matters that we have agreed to state to the director of Proxxy UK Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Proxxy UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Proxxy UK Limited. You consider that Proxxy UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Proxxy UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE


3 February 2025

Proxxy UK Limited (Registered number: 10937010)

Profit and Loss Account
for the Year Ended 31 August 2024

31/8/24 31/8/23
Notes £    £   

TURNOVER 2,865,225 1,064,493

Cost of sales (2,652,125 ) (964,141 )
GROSS PROFIT 213,100 100,352

Administrative expenses (55,500 ) (141,625 )
157,600 (41,273 )

Other operating income 88 168,016
OPERATING PROFIT 157,688 126,743

Interest receivable and similar income 1,364 -
PROFIT BEFORE TAXATION 159,052 126,743

Tax on profit (8,012 ) -
PROFIT FOR THE FINANCIAL YEAR 151,040 126,743

Proxxy UK Limited (Registered number: 10937010)

Balance Sheet
31 August 2024

31/8/24 31/8/23
Notes £    £   
FIXED ASSETS
Tangible assets 5 4,430 -

CURRENT ASSETS
Debtors 6 23,971 8,803
Cash at bank 160,111 103,654
184,082 112,457
CREDITORS
Amounts falling due within one year 7 (156,200 ) (102,138 )
NET CURRENT ASSETS 27,882 10,319
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,312

10,319

CREDITORS
Amounts falling due after more than
one year

8

(89,500

)

(218,547

)
NET LIABILITIES (57,188 ) (208,228 )

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings (62,188 ) (213,228 )
(57,188 ) (208,228 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

Proxxy UK Limited (Registered number: 10937010)

Balance Sheet - continued
31 August 2024


The 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 director and authorised for issue on 3 February 2025 and were signed by:





G L H Chippendale - Director


Proxxy UK Limited (Registered number: 10937010)

Statement of Changes in Equity
for the Year Ended 31 August 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 September 2022 5,000 (339,971 ) (334,971 )

Changes in equity
Total comprehensive income - 126,743 126,743
Balance at 31 August 2023 5,000 (213,228 ) (208,228 )

Changes in equity
Total comprehensive income - 151,040 151,040
Balance at 31 August 2024 5,000 (62,188 ) (57,188 )

Proxxy UK Limited (Registered number: 10937010)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Proxxy UK 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.

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.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. EXCEPTIONAL ITEMS

Other operating income for the year ended 31 August 2023 includes the sum of £168,016 for the sale of the rights to its record label assets in January 2023 to a company based in the Netherlands.

Proxxy UK Limited (Registered number: 10937010)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 5,499
At 31 August 2024 5,499
DEPRECIATION
Charge for year 1,069
At 31 August 2024 1,069
NET BOOK VALUE
At 31 August 2024 4,430

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 23,971 8,285
Other debtors - 518
23,971 8,803

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade creditors 6,398 1,880
Taxation and social security 9,306 15,859
Other creditors 140,496 84,399
156,200 102,138

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/8/24 31/8/23
£    £   
Other creditors 89,500 218,547