REGISTERED NUMBER: 08329384 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

FORESIGHT MUSIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J A Akinoso

SECRETARY:

J Roddison FCA

REGISTERED OFFICE:

The Old Workshop

1 Ecclesall Road South

Sheffield

S11 9PA

REGISTERED NUMBER:

08329384 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

FIXED ASSETS

Tangible assets

4

238,702

6,432

Investments

5

3,824

3,824

242,526

10,256

CURRENT ASSETS

Debtors

6

799,199

654,875

Cash at bank

607,270

181,913

1,406,469

836,788

CREDITORS

Amounts falling due within one year

7

1,040,077

411,771

NET CURRENT ASSETS

366,392

425,017

TOTAL ASSETS LESS CURRENT LIABILITIES

608,918

435,273

CREDITORS

Amounts falling due after more than one year

8

234,891

-

NET ASSETS

374,027

435,273

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

374,026

435,272

SHAREHOLDERS' FUNDS

374,027

435,273

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 his 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 27 September 2025 and were signed by:

J A Akinoso - Director

1.	STATUTORY INFORMATION

Foresight 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

-

20% on reducing balance

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

22,936

Additions

291,944

At 31 December 2024

314,880

DEPRECIATION

At 1 January 2024

16,504

Charge for year

59,674

At 31 December 2024

76,178

NET BOOK VALUE

At 31 December 2024

238,702

At 31 December 2023

6,432

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

3,824

NET BOOK VALUE

At 31 December 2024

3,824

At 31 December 2023

3,824

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

14,711

6,271

Other debtors

784,488

648,604

799,199

654,875

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

23,540

-

Trade creditors

651

2,876

Taxation and social security

10,785

-

Other creditors

1,005,101

408,895

1,040,077

411,771

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

234,891

-

9.	ULTIMATE CONTROLLING PARTY

The controlling party is J A Akinoso.