Adelphoi Music Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 04612252

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,953		7,938

			5,953		7,938
CURRENT ASSETS
Debtors	5	50,669		73,451
Cash at bank and in hand		6,069		79,160

		56,738		152,611
Creditors: Amounts Falling Due Within One Year	6	(1,433,680 )		(1,433,567 )

NET CURRENT ASSETS (LIABILITIES)			(1,376,942 )		(1,280,956 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,370,989 )		(1,273,018 )

NET LIABILITIES			(1,370,989 )		(1,273,018 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(1,371,089 )		(1,273,118 )

SHAREHOLDERS' FUNDS			(1,370,989)		(1,273,018)

For the year ending 31 December 2024 the company was entitled to exemption from audit 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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

K K Zavieh

Director

26/09/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Adelphoi Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04612252 . The registered office is 26 Litchfield Street, London, WC2H 9TZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the goods or services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% per annum on reducing balance basis
Fixtures & Fittings	25% per annum on reducing balance basis
Computer Equipment	25% per annum on reducing balance basis

2.5. Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Equity Instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.6. Foreign Currencies

Functional and presentational currency

The company's functional and presentational currency is GBP.

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2.8. Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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Adelphoi Music Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.9. Cash And Cash Equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10. Additional Accounting Policies

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employee benefit

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The costs of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 4)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	36,851	19,386	64,410	120,647

As at 31 December 2024	36,851	19,386	64,410	120,647

Depreciation
As at 1 January 2024	35,771	19,006	57,932	112,709
Provided during the period	270	95	1,620	1,985

As at 31 December 2024	36,041	19,101	59,552	114,694

Net Book Value
As at 31 December 2024	810	285	4,858	5,953

As at 1 January 2024	1,080	380	6,478	7,938

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	48,823	68,944
Prepayments and accrued income	-	2,300
Other debtors	500	1,846
Corporation tax recoverable assets	1,346	-
VAT	-	361

	50,669	73,451

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Adelphoi Music Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	13,206	47,711
Other taxes and social security	3,787	3,327
VAT	2,360	-
Other creditors	258	585
Accruals and deferred income	5,404	7,975
Amounts owed to group undertakings	1,408,665	1,373,969

	1,433,680	1,433,567

7. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1 each	100	100

8. Pension Commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £258 (2023 - £585) were payable to the fund at the balance sheet date and are included in creditors.

9. Related Party Transactions

The company has taken advantage of the exemption available in Section 33.1A for FRS 102 whereby it has not disclosed transactions with any wholly owned undertaking of the group.

During the year the company made purchases of £nil (2023 - £44,405) from other group entities. At the year end the company owed £1,408,665 (2023 - £1,373,969) which is included in creditors due within one year.

10. Ultimate Controlling Party

The ultimate parent entity is Adelphoi Holdings Limited, a company registered in England and Wales. The registered office of Adelphoi Holdings Limited is 26 Litchfield Street, London, WC2H 9TZ. The immediate parent entity is Adelphoi Limited, a company registered in England and Wales. The registered office of Adelphoi Limited is 26 Litchfield Street, London, WC2H 9TZ.

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