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Registered number: 02394973














LENSOLO LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
LENSOLO LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
LENSOLO LIMITED
REGISTERED NUMBER:02394973

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
743,974
842,504

Cash at bank and in hand
  
520,608
311,507

  
1,264,582
1,154,011

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(762,687)
(668,283)

  

Net assets
  
501,895
485,728


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
501,795
485,628

  
501,895
485,728


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S O Lennon
Director

Date: 11 July 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
LENSOLO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

LenSolo Limited is a private company, limited by shares, incorporated in England and Wales, with its principal place of business and registered office address at 8 Bevan Street, Islington, London, N1 7DY.
The principal activity of the Company is the exploitation of music rights.
The functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises royalty income, which is stated net of value added tax and is accounted for on an accruals basis.

 
2.3

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short term creditors are measured at the transaction price.

 
2.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Statement of Comprehensive Income.

 
2.7

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 2

 
LENSOLO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.



3.


Employees

The Company had no employees during the current or preceding year.



4.


Debtors

2024
2023
£
£


Other debtors
743,974
842,504



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
40,506
54,947

Taxation and social security
94,579
27,212

Accruals and deferred income
627,602
586,124

762,687
668,283



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



98 (2023 - 98) Ordinary non-voting shares of £1 each
98
98
2 (2023 - 2) Special voting shares of £1 each
2
2

100

100


Page 3

 
LENSOLO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 11 July 2025 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 4