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Company Registration No. 12346883 (England and Wales)
Percolate Entertainment Ltd Unaudited accounts for the year ended 31 December 2024
Percolate Entertainment Ltd Unaudited accounts Contents
Page
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Percolate Entertainment Ltd Company Information for the year ended 31 December 2024
Directors
Simon Denby Christie Liddicott Danny Newman Frederick Valadas-Letts
Company Number
12346883 (England and Wales)
Registered Office
In The Loop Accounts Ltd Formal House 60 St. Georges Place Cheltenham Gloucestershire GL50 3PN England
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Percolate Entertainment Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,439 
1,322 
Current assets
Debtors
183,150 
62,522 
Cash at bank and in hand
63,888 
160,926 
247,038 
223,448 
Creditors: amounts falling due within one year
(661,590)
(146,018)
Net current (liabilities)/assets
(414,552)
77,430 
Total assets less current liabilities
(413,113)
78,752 
Creditors: amounts falling due after more than one year
(55,498)
(75,907)
Net (liabilities)/assets
(468,611)
2,845 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(468,613)
2,843 
Shareholders' funds
(468,611)
2,845 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by
Frederick Valadas-Letts Director Company Registration No. 12346883
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Percolate Entertainment Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Percolate Entertainment Ltd is a private company, limited by shares, registered in England and Wales, registration number 12346883. The registered office is In The Loop Accounts Ltd, Formal House, 60 St. Georges Place, Cheltenham, Gloucestershire, GL50 3PN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
1,978 
Additions
877 
At 31 December 2024
2,855 
Depreciation
At 1 January 2024
656 
Charge for the year
760 
At 31 December 2024
1,416 
Net book value
At 31 December 2024
1,439 
At 31 December 2023
1,322 
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Percolate Entertainment Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,913 
6,802 
Accrued income and prepayments
158,211 
53,218 
Other debtors
2,026 
2,502 
183,150 
62,522 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
47,793 
47,648 
Trade creditors
200,034 
16,541 
Amounts owed to group undertakings and other participating interests
123,700 
- 
Taxes and social security
1,221 
1,097 
Other creditors
- 
17,902 
Loans from directors
100,000 
- 
Accruals
55,170 
21,163 
Deferred income
133,672 
41,667 
661,590 
146,018 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,000 
22,630 
Amounts owed to group undertakings and other participating interests
40,498 
52,498 
Other creditors
- 
779 
55,498 
75,907 
8
Transactions with related parties
During the period the company entered into the following transactions with related parties: Balance owed to Louder Entertainment Ltd: Year Ended 31/12/2024: £123,700 Year ended 31/12/2023: £0 Louder Entertainment Ltd is the majority shareholder in Percolate Entertainment Ltd. During the period Louder Entertainment Ltd loaned £150,390 to Percolate Entertainment Ltd and Percolate Entertainment Ltd repaid £26,690 of the loan.
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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