MAXWOOD MUSIC LIMITED

Company Registration Number:
01841604 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

MAXWOOD MUSIC LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

MAXWOOD MUSIC LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Intangible assets: 3 10,001 15,001
Tangible assets: 4 326,024 319,348
Investments: 5 12,785 12,785
Total fixed assets: 348,810 347,134
Current assets
Debtors: 6 262,874 375,577
Cash at bank and in hand: 2,577,157 2,352,554
Total current assets: 2,840,031 2,728,131
Creditors: amounts falling due within one year:   (1,588,842) (1,576,284)
Net current assets (liabilities): 1,251,189 1,151,847
Total assets less current liabilities: 1,599,999 1,498,981
Provision for liabilities: (143,239) (141,644)
Total net assets (liabilities): 1,456,760 1,357,337
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,456,660 1,357,237
Shareholders funds: 1,456,760 1,357,337

The notes form part of these financial statements

MAXWOOD MUSIC LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 September 2025
and signed on behalf of the board by:

Name: Mr Colin Maurice Newman
Status: Director

The notes form part of these financial statements

MAXWOOD MUSIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MAXWOOD MUSIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

MAXWOOD MUSIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 50,001
At 31 December 2024 50,001
Amortisation
At 01 January 2024 35,000
Charge for year 5,000
At 31 December 2024 40,000
Net book value
At 31 December 2024 10,001
At 31 December 2023 15,001

MAXWOOD MUSIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 410,728
Additions 28,645
At 31 December 2024 439,373
Depreciation
At 01 January 2024 91,380
Charge for year 21,969
At 31 December 2024 113,349
Net book value
At 31 December 2024 326,024
At 31 December 2023 319,348

MAXWOOD MUSIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Fixed investments

Investments in subsidiary undertakings £12,785 (2023: £12,785).

MAXWOOD MUSIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

MAXWOOD MUSIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Related party transactions

Name of the related party: Sharesense Limited
Relationship:
Company’s parent undertaking
Description of the Transaction: Included in debtors is an amount owed by Sharesense Limited, the company’s parent undertaking.
£
Balance at 01 January 2024 233,548
Balance at 31 December 2024 151,986
Name of the related party: Savage Music Limited
Relationship:
Subsidiary of the company
Description of the Transaction: Included in debtors is an amount owed to Savage Music Limited a subsidiary of the company.
£
Balance at 01 January 2024 10,384
Balance at 31 December 2024 633
Name of the related party: Agelong Music Publishing Inc
Relationship:
Subsidiary of the company
Description of the Transaction: Included in debtors is an amount owed to Agelong Music Publishing Inc a subsidiary of the company.
£
Balance at 01 January 2024 106,501
Balance at 31 December 2024 82,439
Name of the related party: Secret Records Limited
Relationship:
Company controlled by Mr C M Newman
Description of the Transaction: Included in creditors is an amount owed to Secret Records Limited, a company controlled by Mr C M Newman, a director of the company. During the year the company incurred charges from Secret Records Limited, a company controlled by Mr C M Newman, a director of the company, of £20,000 in respect of production costs (2023: £25,000) and £35,000 in respect of promotion costs (2023: £30,000).
£
Balance at 01 January 2024 57,154
Balance at 31 December 2024 122,154
Name of the related party: Shakedown Records Limited
Relationship:
Company controlled by Mr C M Newman
Description of the Transaction: During the year the company received royalties from Shakedown Records Limited, a company controlled by Mr C M Newman, a director of the company, of £47,100 (2023: £41,788).
£
Balance at 01 January 2024 0
Balance at 31 December 2024 0