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REGISTERED NUMBER: 05858734 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Enter Shikari Limited

Enter Shikari Limited (Registered number: 05858734)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Enter Shikari Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C Batten
L R Clewlow
R Reynolds
R Rolfe





SECRETARY: A Batten





REGISTERED OFFICE: 235 The Ridgeway
St Albans
Hertfordshire
AL4 9XG





REGISTERED NUMBER: 05858734 (England and Wales)





ACCOUNTANTS: Mansfield & Co Chartered Accountants
55 Kentish Town Road
Camden Town
London
NW1 8NX

Enter Shikari Limited (Registered number: 05858734)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,800,000 1,120,000
Tangible assets 5 23,315 11,622
1,823,315 1,131,622

CURRENT ASSETS
Debtors 6 48,220 143,493
Investments 7 19,696 9,696
Cash at bank 6,317 97,755
74,233 250,944
CREDITORS
Amounts falling due within one year 8 138,513 226,979
NET CURRENT (LIABILITIES)/ASSETS (64,280 ) 23,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,759,035

1,155,587

CREDITORS
Amounts falling due after more than one year 9 9,993 17,509
NET ASSETS 1,749,042 1,138,078

CAPITAL AND RESERVES
Called up share capital 4 4
Revaluation reserve 10 1,800,000 1,120,000
Retained earnings (50,962 ) 18,074
SHAREHOLDERS' FUNDS 1,749,042 1,138,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Enter Shikari Limited (Registered number: 05858734)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





R Reynolds - Director


Enter Shikari Limited (Registered number: 05858734)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Enter Shikari 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.

Music rights catalogue
The valuation of the music rights catalogue is based on a music industry standard formula of the average of royalties received for the last three year times a multiplier of 5.

This asset will be revalued on this basis at the end of each financial year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Musical equipment - 33% on cost
Office equipment - 33% on 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.

Enter Shikari Limited (Registered number: 05858734)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023 1,120,000
Additions 680,000
At 30 June 2024 1,800,000
NET BOOK VALUE
At 30 June 2024 1,800,000
At 30 June 2023 1,120,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 152,805
Additions 29,982
Disposals (1,200 )
At 30 June 2024 181,587
DEPRECIATION
At 1 July 2023 141,183
Charge for year 18,289
Eliminated on disposal (1,200 )
At 30 June 2024 158,272
NET BOOK VALUE
At 30 June 2024 23,315
At 30 June 2023 11,622

Enter Shikari Limited (Registered number: 05858734)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 48,220 143,493

7. CURRENT ASSET INVESTMENTS
30.6.24 30.6.23
£    £   
Unlisted investments 19,696 9,696

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 7,605 7,544
Trade creditors 4,718 1,828
Taxation and social security (2 ) 2,562
Other creditors 126,192 215,045
138,513 226,979

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 9,993 17,509

10. RESERVES
Revaluation
reserve
£   
At 1 July 2023 1,120,000
Increase in music catalogue 680,000

At 30 June 2024 1,800,000

Enter Shikari Limited (Registered number: 05858734)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. RELATED PARTY DISCLOSURES

Ambush Reality Limited

A company owned by the same shareholders

During the year Enter Shikari Limited recharged Ambush Reality Limited £29,974 (2023 : £61,945) in respect of Equipment hire, use of intellectual property and Artiste services.

During the year Enter Shikari Limited paid Ambush Reality Limited £0 (2023 : £0) in respect of tour support.

The amount owed by Enter Shikari Limited to Ambush Reality Limited at the balance sheet date was
£82,097, (2023 £134,959).

Ambush Reality Records Limited

A company owned by the same shareholders

During the year Enter Shikari Limited loaned Ambush Reality Records Limited £10,370 (2023 : £0).

The amount owed by Ambush Reality Records Limited to Enter Shikari Limited at the balance sheet date was £10,370, (2023 £0).

C Batten

During the year the company received royalty income in the amount of £0 (2023 : £1,096) on behalf of Mr Batten. The company additionally paid business expenses of £0 (2023 : £0) on his behalf and paid him fees on a self-employed basis for his services as a musician and songwriter in the amount of £0 (2023 : £0).

The amount due to the related party at the balance sheet date was £0 (2023 : £0)

L R Clewlow

During the year the company received royalty income in the amount of £0 (2023 : £3,998) on behalf of Mr Clewlow. The company additionally paid business expenses of £0 (2023 : £0) on his behalf and paid him fees on a self-employed basis for his services as a musician and songwriter in the amount of £0 (2023 : £2,500).

The amount due to the related party at the balance sheet date was £0 (2023 : £0).

R Reynolds

During the year the company received royalty income in the amount of £0 (2023 : £1,152) on behalf of Mr Reynolds. The company additionally paid business expenses of £0 (2023 : £89) on his behalf and paid him fees on a self-employed basis for his services as a musician and songwriter in the amount of £0 (2023 : £2,500).

The amount due to the related party at the balance sheet date was £0 (2023 : £0)

R Rolfe

During the year the company received royalty income in the amount of £0 (2023 : £1,103) on behalf of Mr Rolfe. The company additionally paid business expenses of £0 (2023 : £0) on his behalf and paid him fees on a self-employed basis for his services as a musician and songwriter in the amount of £0 (2023 : £2,500).

The amount due to the related party at the balance sheet date was £0 (2022 : £0).


Enter Shikari Limited (Registered number: 05858734)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024
BMM Family Limited

A company co-owned and operated by Mr Batten, a director of the company.

During the year the company paid BMM Family Limited fees and royalties in the amount of £32,577 (2023 : £22,584).

At the year end BMM Family Limited owed the company £269 (2023 : creditor of £21)

Nory Sapphire Limited

A company co-owned and operated by Mr Clewlow, a director of the company.

During the year the company paid Nory Sapphire Limited fees and royalties in the amount of £32,579 (2023 : £19,584).

At the year end Nory Sapphire Limited owed the company £6,694 (2023 : £20,394)

RR Powerhouse Limited

A company co-owned and operated by Mr Reynolds, a director of the company.

During the year the company paid RR Powerhouse Limited fees and royalties in the amount of £57,081 (2023 : £39,745).

At the year end RR Powerhouse Limited was owed £823 (2023 : debtor of £64) by the company

Loveshack Rhythms Limited

A company co-owned and operated by Mr Rolfe, a director of the company.

During the year the company paid Loveshack Rhythms Limited fees and royalties in the amount of £48,898 (2023 : £0).

At the year end the company owed Loveshack Rhythms Limited £778 (2023 : £21)