IRIS Accounts Production v25.1.4.42 09695333 director 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096953332023-12-31096953332024-12-31096953332024-01-012024-12-31096953332022-12-31096953332023-01-012023-12-31096953332023-12-3109695333ns15:EnglandWales2024-01-012024-12-3109695333ns14:PoundSterling2024-01-012024-12-3109695333ns10:Director12024-01-012024-12-3109695333ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3109695333ns10:SmallEntities2024-01-012024-12-3109695333ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3109695333ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3109695333ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109695333ns10:FullAccounts2024-01-012024-12-310969533312024-01-012024-12-3109695333ns10:RegisteredOffice2024-01-012024-12-3109695333ns5:CurrentFinancialInstruments2024-12-3109695333ns5:CurrentFinancialInstruments2023-12-3109695333ns5:Non-currentFinancialInstruments2024-12-3109695333ns5:Non-currentFinancialInstruments2023-12-3109695333ns5:ShareCapital2024-12-3109695333ns5:ShareCapital2023-12-3109695333ns5:SharePremium2024-12-3109695333ns5:SharePremium2023-12-3109695333ns5:RetainedEarningsAccumulatedLosses2024-12-3109695333ns5:RetainedEarningsAccumulatedLosses2023-12-3109695333ns5:PatentsTrademarksLicencesConcessionsSimilar2023-12-3109695333ns5:PatentsTrademarksLicencesConcessionsSimilar2024-01-012024-12-3109695333ns5:PatentsTrademarksLicencesConcessionsSimilar2024-12-3109695333ns5:PatentsTrademarksLicencesConcessionsSimilar2023-12-3109695333ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3109695333ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3109695333ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-12-3109695333ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3109695333ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-12-3109695333ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-31
REGISTERED NUMBER: 09695333 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ASM ONE LIMITED

ASM ONE LIMITED (REGISTERED NUMBER: 09695333)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASM ONE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: S P Fawcett





REGISTERED OFFICE: 23 High Street
Pewsey
Wiltshire
SN9 5AF





REGISTERED NUMBER: 09695333 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

ASM ONE LIMITED (REGISTERED NUMBER: 09695333)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 416,166 444,844

CURRENT ASSETS
Debtors 5 18,755 70,538
Cash at bank 124 94
18,879 70,632
CREDITORS
Amounts falling due within one year 6 227,078 243,823
NET CURRENT LIABILITIES (208,199 ) (173,191 )
TOTAL ASSETS LESS CURRENT LIABILITIES 207,967 271,653

CREDITORS
Amounts falling due after more than one year 7 9,208 58,788
NET ASSETS 198,759 212,865

CAPITAL AND RESERVES
Called up share capital 2,850 2,850
Share premium Account 133,650 133,650
Retained earnings 62,259 76,365
SHAREHOLDERS' FUNDS 198,759 212,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 30 June 2025 and were signed by:





S P Fawcett - Director


ASM ONE LIMITED (REGISTERED NUMBER: 09695333)

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

1. STATUTORY INFORMATION

ASM One 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern:
The financial statements have been prepared on a going concern basis not withstanding the company's net current liabilities position as at the year end. The connected company has provided with an undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

Turnover
Turnover represents royalties received from music copyrights during the year.

Revenue recognition
Royalties from music copyrights is recognised by the company in the accounting period in which they relate to.

Financial instruments
Financial assets and liabilities are recognized in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Loans and Borrowings
Loans and borrowings are measured initially at fair value, net of transactions costs and are measured subsequently at amortised cost using the effective interest method.

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.

Music copyrights
Music Copyrights are valued at cost less accumulated amortisation.
Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 20 years.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

3. EMPLOYEES AND DIRECTORS

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

ASM ONE LIMITED (REGISTERED NUMBER: 09695333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. INTANGIBLE FIXED ASSETS
Music
Copyright
£   
COST
At 1 January 2024
and 31 December 2024 573,554
AMORTISATION
At 1 January 2024 128,710
Amortisation for year 28,678
At 31 December 2024 157,388
NET BOOK VALUE
At 31 December 2024 416,166
At 31 December 2023 444,844

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 18,755 70,538

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 49,581 91,615
Amounts owed to related company 170,437 140,533
Taxation and social security 5,038 8,004
Other creditors 2,022 3,671
227,078 243,823

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 9,208 58,788

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans due after more than
5 years 869 2,953
869 2,953

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans within 1 year 49,581 91,615

ASM ONE LIMITED (REGISTERED NUMBER: 09695333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. LOANS - continued
2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1 - 2 years 2,085 49,581

Amounts falling due between two and five years:
Bank loans - 2 - 5 years 6,254 6,254

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans due after more than
5 years 869 2,953
869 2,953

9. SECURED DEBTS

The bank loans are secured by a fixed and floating charge over the assets of the company. Interest is charged at 8% and loans are due for repayment in April 2025.

10. RELATED PARTY DISCLOSURES

Included within creditors as at the year end is £170,437 (2023: £140,533), an amount owed to Copyright Administration Services Limited, a company where Mr. Simon Fawcett is also the director. The amount owed is unsecured and there are no specific terms to the repayment of this amount.