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Company No: 13796954 (England and Wales)

KASSNER MUSIC GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

KASSNER MUSIC GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

KASSNER MUSIC GROUP LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
KASSNER MUSIC GROUP LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS Ms V S Haslam
Mr D Kassner
Mr A L Kassner
Ms N O Kassner
SECRETARY Ms N O Kassner
REGISTERED OFFICE Units 6 & 7 11 Wyfold Road
London
SW6 6SE
United Kingdom
COMPANY NUMBER 13796954 (England and Wales)
ACCOUNTANT GRAVITA III LLP
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
KASSNER MUSIC GROUP LIMITED

BALANCE SHEET

As at 31 December 2024
KASSNER MUSIC GROUP LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 2,229,301 2,229,301
2,229,301 2,229,301
Creditors: amounts falling due within one year 4 ( 2,215,758) ( 2,015,758)
Net current liabilities (2,215,758) (2,015,758)
Total assets less current liabilities 13,543 213,543
Creditors: amounts falling due after more than one year 5 0 ( 200,000)
Net assets 13,543 13,543
Capital and reserves
Called-up share capital 2,060 2,060
Profit and loss account 11,483 11,483
Total shareholders' funds 13,543 13,543

For the financial 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.

Directors' responsibilities:

The financial statements of Kassner Music Group Limited (registered number: 13796954) were approved and authorised for issue by the Board of Directors on 07 July 2025. They were signed on its behalf by:

Mr D Kassner
Director
KASSNER MUSIC GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
KASSNER MUSIC GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kassner Music Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Units 6 & 7 11 Wyfold Road, London, SW6 6SE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Taxation

Current tax
Current taxation is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year 0 0

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 January 2024 2,229,301
At 31 December 2024 2,229,301
Carrying value at 31 December 2024 2,229,301
Carrying value at 31 December 2023 2,229,301

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to own subsidiaries 2,015,758 1,815,758
Other creditors 200,000 200,000
2,215,758 2,015,758

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 0 200,000

Others Creditors is secured against a fixed charge issued in Kassner Associated Publishers Limited. The charge is against the property owned by Kassner Associated Publishers Limited.

6. Financial commitments

The company has provided unlimited cross guarantees in favour of other group companies. Similarly, group companies have provided unlimited guarantees in favour of Kassner Music Group Limited.