2023-12-012024-11-302024-11-30false13035322WINGS MUSIC GROUP 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WINGS MUSIC GROUP LTD

Registered Number
13035322
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

WINGS MUSIC GROUP LTD
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

HART, Timothy James
HEYDON, Bradley
LAWSON JONES, Christopher Andrew
NICOLL, Graeme Clarke

Registered Address

Ark Building
Carnegie Street
London
N1 9QW

Registered Number

13035322 (England and Wales)
WINGS MUSIC GROUP LTD
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,1224,827
1,1224,827
Current assets
Debtors746,40431,376
Cash at bank and on hand124,03873,277
870,442104,653
Creditors amounts falling due within one year4(728,686)(13,037)
Net current assets (liabilities)141,75691,616
Total assets less current liabilities142,87896,443
Creditors amounts falling due after one year5(152,632)(22,632)
Net assets(9,754)73,811
Capital and reserves
Called up share capital122249,521
Share premium364,301-
Profit and loss account(374,177)(175,710)
Shareholders' funds(9,754)73,811
The financial statements were approved and authorised for issue by the Board of Directors on 31 August 2025, and are signed on its behalf by:
HEYDON, Bradley
Director
Registered Company No. 13035322
WINGS MUSIC GROUP LTD
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
The directors recognise that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. The accounts have been prepared on a going concern basis which assumes that the company will be able to continue to meet its financial obligations for a period of at least 12 months from the date of this report. In deciding that this basis was appropriate, the directors considered its cash flow forecasts and the likelihood of securing new investment if and as required.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the gross receivables recognised by the music publication networks and the Companies revenue share arrangement with each artist.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year32
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 December 236,4366,436
Additions1,3991,399
At 30 November 247,8357,835
Depreciation and impairment
At 01 December 231,6091,609
Charge for year5,1045,104
At 30 November 246,7136,713
Net book value
At 30 November 241,1221,122
At 30 November 234,8274,827
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables716,3377,210
Bank borrowings and overdrafts4,614-
Taxation and social security5,4952,987
Other creditors2,2402,240
Accrued liabilities and deferred income-600
Total728,68613,037
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts106,41512,833
Other creditors46,2179,799
Total152,63222,632