Pluto Entertainments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00931447 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

PLUTO ENTERTAINMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Hopwood

SECRETARY:

Mrs M H Hopwood

REGISTERED OFFICE:

Percy Westhead & Company

Hanover House

30-32 Charlotte Street

Manchester

M1 4FD

REGISTERED NUMBER:

00931447 (England and Wales)

ACCOUNTANTS:

Percy Westhead & Company

Chartered Accountants

Hanover House

30-32 Charlotte Street

Manchester

M1 4FD

FIXED ASSETS

Tangible assets

4

14,922

15,545

Investments

5

3,001

17,923

18,546

CURRENT ASSETS

Debtors

6

9,538

10,351

Cash at bank

17

18,368

9,555

28,719

CREDITORS

Amounts falling due within one year

7

35,037

22,430

NET CURRENT (LIABILITIES)/ASSETS

(25,482

)

6,289

TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,559

)

24,835

CREDITORS

Amounts falling due after more than one
year

8

8,083

8,094

NET (LIABILITIES)/ASSETS

(15,642

)

16,741

CAPITAL AND RESERVES

Called up share capital

9,725

Share premium

1,837

Retained earnings

(27,204

)

5,179

SHAREHOLDERS' FUNDS

(15,642

)

16,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 29th September 2025 and were signed by:

K Hopwood - Director

1.	STATUTORY INFORMATION

Pluto Entertainments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Recording studio

-

10% on reducing balance

Short leasehold

-

over the period of the lease

Fixtures and fittings

-

10% on reducing balance

Equipment

-

20% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Recording

Short

and

studio

leasehold

fittings

Equipment

Totals

£

COST

At 1st January 2024

86,711

49,071

23,975

198,776

358,533

Additions

-

2,254

At 31st December 2024

86,711

49,071

23,975

201,030

360,787

DEPRECIATION

At 1st January 2024

81,874

49,071

21,983

190,060

342,988

Charge for year

484

-

199

2,194

2,877

At 31st December 2024

82,358

49,071

22,182

192,254

345,865

NET BOOK VALUE

At 31st December 2024

4,353

-

1,793

8,776

14,922

At 31st December 2023

4,837

-

1,992

8,716

15,545

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st January 2024

and 31st December 2024

3,001

NET BOOK VALUE

At 31st December 2024

3,001

At 31st December 2023

3,001

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

5,200

4,334

Amounts owed by subsidiary undertaking

2,119

Other debtors

89

240

Directors' loan accounts

1,992

3,533

Prepayments and accrued income

138

125

9,538

10,351

The amount owed by subsidiary undertaking is in respect of Pluto Music Limited, a wholly owned subsidiary.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

10,041

5,000

Trade creditors

6,068

3,498

Social security and other taxes

4,979

5,865

Other creditors

13,949

8,067

35,037

22,430

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

5,000

Bank loans - 2-5 years

2,083

2,094

Other creditors

1,000

8,083

8,094

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

K Hopwood

Balance outstanding at start of year

3,533

-

Amounts advanced

13,998

3,533

Amounts repaid

(15,539

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,992

3,533

10.	RELATED PARTY DISCLOSURES

During the year the company paid rent totalling £7,500 (2023: £21,500) jointly to Mr K Hopwood, the director of the company and Mrs M Hopwood.