SECRET RECORDS LIMITED

Company Registration Number:
04226381 (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

SECRET RECORDS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

SECRET RECORDS LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Intangible assets: 3 976,238 1,009,328
Total fixed assets: 976,238 1,009,328
Current assets
Debtors: 4 268,879 206,036
Cash at bank and in hand: 1,022,844 924,183
Total current assets: 1,291,723 1,130,219
Creditors: amounts falling due within one year:   (350,143) (309,040)
Net current assets (liabilities): 941,580 821,179
Total assets less current liabilities: 1,917,818 1,830,507
Total net assets (liabilities): 1,917,818 1,830,507
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,917,718 1,830,407
Shareholders funds: 1,917,818 1,830,507

The notes form part of these financial statements

SECRET RECORDS 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

SECRET RECORDS 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

SECRET RECORDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 2 1

SECRET RECORDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 1,658,825
At 31 December 2024 1,658,825
Amortisation
At 01 January 2024 649,497
Charge for year 33,090
At 31 December 2024 682,587
Net book value
At 31 December 2024 976,238
At 31 December 2023 1,009,328

SECRET RECORDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

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

SECRET RECORDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Related party transactions

Name of the related party: Shakedown Records Limited
Relationship:
Company controlled by Mr C M Newman
Description of the Transaction: Included in debtors is an amount owed by Shakedown Records Limited, a company controlled by Mr C M Newman, a director of the company. During the year the company received royalties and fees from Shakedown Records Limited £193,811 (2023: £220,207).
£
Balance at 01 January 2024 84,049
Balance at 31 December 2024 22,051
Name of the related party: Maxwood Music Limited
Relationship:
Company controlled by Mr C M Newman,
Description of the Transaction: Included in debtors is an amount owed by Maxwood Music Limited, a company controlled by Mr C M Newman, a director of the company. During the year the company recharged production and promotional costs to Maxwood Music Limited £55,000 (2023: £55,000)
£
Balance at 01 January 2024 57,154
Balance at 31 December 2024 122,154
Name of the related party: Paintings Limited
Relationship:
Controlled by Mr C M Newman
Description of the Transaction: Included in debtors is an amount owed by Paintings Limited, a company controlled by Mr C M Newman, a director of the company. During the year the company received royalties and fees from Paintings Limited £50,000 (2023: £26,000).
£
Balance at 01 January 2024 26,000
Balance at 31 December 2024 50,000
Name of the related party: Reverse Distribution Limited
Relationship:
Company controlled by Mr C M Newman
Description of the Transaction: Included in debtors is an amount owed by Reverse Distribution Limited, a company controlled by Mr C M Newman, a director of the company.
£
Balance at 01 January 2024 20,000
Balance at 31 December 2024 55,000
Name of the related party: R.O.W. Distribution Limited
Relationship:
Company controlled by Mr C M Newman
Description of the Transaction: Included in creditors is an amount owed to R.O.W. Distribution Limited, a company controlled by Mr C M Newman, a director of the company. During the year the company received royalties and fees from R.O.W.Distribution Limited £28,685 (2023: £29,095).
£
Balance at 01 January 2024 64,504
Balance at 31 December 2024 39,553