REGISTERED NUMBER: 01437533 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Outlaw Music Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs E Bussell

SECRETARY:

REGISTERED OFFICE:

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

REGISTERED NUMBER:

01437533 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

FIXED ASSETS

Tangible assets

4

3,881

846

CURRENT ASSETS

Debtors

5

1,800

1,800

Cash at bank

37,537

17,230

39,337

19,030

CREDITORS

Amounts falling due within one year

6

68,407

69,646

NET CURRENT LIABILITIES

(29,070

)

(50,616

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,189

)

(49,770

)

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

(25,339

)

(49,920

)

(25,189

)

(49,770

)

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 her 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 20 September 2025 and were signed by:

Mrs E Bussell - Director

1.	STATUTORY INFORMATION

Outlaw Music 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.

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.

Plant and machinery etc

-

30% on reducing balance and 25% on reducing balance basis

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

-

1,209

1,209

Additions

3,768

-

3,768

At 31 December 2024

3,768

1,209

4,977

DEPRECIATION

At 1 January 2024

-

363

363

Charge for year

479

254

733

At 31 December 2024

479

617

1,096

NET BOOK VALUE

At 31 December 2024

3,289

592

3,881

At 31 December 2023

-

846

846

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

1,800

1,800

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Tax

2,511

-

Capital on Tap

1,984

-

American Express

2,803

-

Directors' current accounts

59,360

69,646

Accrued expenses

1,749

-

68,407

69,646

7.	RELATED PARTY DISCLOSURES

Included in creditors is £25,183 (2023: £29,471) owed by the company to Mrs E Bussell a director of the company. The loan is unsecured, interest free and has no set terms for repayment.

Included in creditors is £34,176 (2023: £40,176) owed by the company to Mr Williams a director of the company, during the year. The loan is unsecured, interest free and has no set terms for repayment.

Included in debtors is £1,800 (2023: £1,800) owed to the company by EB Tours Limited, a company whose director is Mrs E Bussell.