REGISTERED NUMBER: 06855058 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Insomnia Music Management Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

5

DIRECTORS:

M D Chambers

A Low

R Chambers

SECRETARY:

M D Chambers

REGISTERED OFFICE:

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

REGISTERED NUMBER:

06855058 (England and Wales)

ACCOUNTANTS:

Chaves LLP

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Tangible assets

4

486

648

Investments

5

79,979

79,979

80,465

80,627

CURRENT ASSETS

Stocks

5,600

5,890

Debtors

22,718

34,349

Cash at bank and in hand

10,869

4,843

39,187

45,082

CREDITORS

Amounts falling due within one year

5,225

4,293

NET CURRENT ASSETS

33,962

40,789

TOTAL ASSETS LESS CURRENT LIABILITIES

114,427

121,416

CREDITORS

Amounts falling due after more than one year

461,166

470,347

NET LIABILITIES

(346,739

)

(348,931

)

CAPITAL AND RESERVES

Called up share capital

6

101

101

Retained earnings

(346,840

)

(349,032

)

SHAREHOLDERS' FUNDS

(346,739

)

(348,931

)

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 directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

M D Chambers - Director

1.	STATUTORY INFORMATION

Insomnia Music Management 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The accounts have been prepared on a going concern basis, based on the continued financial support of the Directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

2,492

DEPRECIATION

At 1 January 2024

1,844

Charge for year

162

At 31 December 2024

2,006

NET BOOK VALUE

At 31 December 2024

486

At 31 December 2023

648

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2024

and 31 December 2024

79,979

NET BOOK VALUE

At 31 December 2024

79,979

At 31 December 2023

79,979

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Remedy Fulfilment (UK) Limited

Registered office:

Nature of business: Operation of warehousing and storage facilities

%

Class of shares:

holding

Ordinary

18.15

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

101

Ordinary

£1

101

101

7.

SECURITY

There is an inter-company inter loan agreement with Insomnia Music (UK) Limited, a company registered in England and Wales.

This agreement is dated 21st September 2015, and the facility amount is £133,360 and is secured against the shares of Insomnia Music Management Limited.