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
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
Percolate Entertainment Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
1,439
1,322
Cash at bank and in hand
63,888
160,926
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
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
Percolate Entertainment Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Percolate Entertainment Ltd
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
22,913
6,802
Accrued income and prepayments
158,211
53,218
6
Creditors: amounts falling due within one year
2024
2023
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
Loans from directors
100,000
-
Deferred income
133,672
41,667
7
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
40,498
52,498
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).