REGISTERED NUMBER: 01623612 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Deanlane Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A J Ridgeley

SECRETARY:

C D Organ

REGISTERED OFFICE:

8 Hampstead Gate

1A Frognal

Hampstead

London

NW3 6AL

REGISTERED NUMBER:

01623612 (England and Wales)

ACCOUNTANTS:

Brackman Chopra LLP

Chartered Accountants

8 Hampstead Gate

1 A Frognal

Hampstead

London

NW3 6AL

SOLICITORS:

Russells

Yalding House

152-156 Great Portland Street

London

W1W 5QA

FIXED ASSETS

Investments

4

1,448,261

1,322,254

CURRENT ASSETS

Debtors

119,674

106,402

Cash at bank

1,622,895

1,065,181

1,742,569

1,171,583

CREDITORS

Amounts falling due within one year

974,863

781,231

NET CURRENT ASSETS

767,706

390,352

TOTAL ASSETS LESS CURRENT LIABILITIES

2,215,967

1,712,606

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,215,867

1,712,506

SHAREHOLDERS' FUNDS

2,215,967

1,712,606

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 September 2025 and were signed by:

A J Ridgeley - Director

1.	STATUTORY INFORMATION

Deanlane 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 as modified by the revaluation of certain assets.

Principal activity and turnover

The company's principal activity is that of writers, composers, promoters and distributors of songs and artists in the music industry.

Turnover represents the amounts (excluding VAT) derived from artist royalties. Revenue is recognised when the company becomes entitiled to it.

Investments in associates

Investments in associate undertakings are recognised at cost.

Fixed Asset Investments in unlisted Share Portfolio

Fixed Asset Investments in Share Portfolios are initially valued at cost and subsequently measured at fair value at the company's year end. Changes in fair value are recognised in the Profit & Loss account.

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

Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.

Foreign currencies

Functional and presentation currency

The Company's functional and presentation currency is the pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency at the rate of exchange ruling at the date of transaction.

Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the rate of exchange ruling at the date of the transaction.

Advances

Non returnable recoupable advances received are credited to profit and loss account in the period in which they are contractually due.

Royalties

Royalties receivable are recognised in respect of each of the royalty accounting periods ending within the company's financial year.

Financial assets

Basic financial assets, including trade and other receivables, cash & bank balances, investments and loans from connected and fellow group entities are initially recognised at transaction price and subsequently measured at amortised cost.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from connected and fellow group companies are initially measured at transaction price and subsequently measured at amortised cost.

Derecognition of financial assets and liabilities

A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all risks and rewards of ownership are transferred to another party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 January 2024

939,849

Revaluations

126,007

At 31 December 2024

1,065,856

NET BOOK VALUE

At 31 December 2024

1,065,856

At 31 December 2023

939,849

Cost or valuation at 31 December 2024 is represented by:

Totals

£

Valuation in 2022

12,798

Valuation in 2023

73,592

Valuation in 2024

126,007

Cost

853,459

1,065,856

If Fixed Asset Investments had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

853,458

853,458

Aggregate provisions

(126,007

)

(86,390

)

Fixed Asset Investments were valued on an open market basis on 31 December 2024 by Coutts & Co .

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Sunflower LLP

Registered office:

Nature of business: Property development

%

Class of shares:

holding

Capital account

49.95

2024

2023

£

£

Aggregate capital and reserves

(109,492

)

(109,492

)

On the 6 April 2009 Deanlane ltd acquired, from its director Andrew Ridgeley his beneficial share as a limited partner of Sunflower LLP, a partnership constituted under the laws of Canada at cost. The acquisition comprised 49.95% beneficial share of partners capital in the LLP of C$1,000 and the balance of the funds loaned by Andrew Ridgeley to the Sunflower LLP of £655,136. Details of the rights and obligations relating to the interests acquired are given below.

The remaining capital is owned by the following related parties:

49.95% by K Woodward a limited partner and

0.1% jointly by Deanlane Ltd and Keren Woodward via their interests in the general partner 50198 Newfoundland & Labrador Ltd.

Sunflower LLP owned 3 plots of development land one which was sold during the year ended 31 December 2012. Under the terms of the members agreement (as amended) the costs and income, including sale proceeds, relating to two of the plots are allocated to Deanlane Ltd. The costs and income, including sale proceeds, relating to the 3rd plot is allocated to K Woodward. The net income and losses of the partnership which are not attributable to the plots of land are allocated as to 50% to K Woodward and 50% to Deanlane Ltd. The limited partners have agreed to bear all operating costs of the LLP as they arise.

The loan account due from Sunflower LLP is interest free and repayable from the retained income and from the sale proceeds of remaining plot of land allocated to Deanlane Ltd.

Information on loans is as follows:

Totals

£

At 1 January 2024

and 31 December 2024

382,405

5.	RELATED PARTY DISCLOSURES

Happy Harry Holdings Ltd

Parent Company

As at 31 December 2024 Deanlane Ltd owed £17,311 (2023: £17,346) to Happy Harry Holdings Ltd.

Deanlane Overseas Ltd

Fellow Group Company

As at 31 December 2023 Deanlane Ltd owed £181,998 (2023: £182,032) to Deanlane Overseas Ltd.

Editlight Ltd

Fellow Group company

As at 31 December 2023 Deanlane Ltd owed £249,977 (2023:£183,503) to Editlight Ltd.

The Company was charged £100,000 management fees by Editlight Ltd (2023: £100,000).

Sunflower LLP

Associated Company

At the balance sheet date, the company also owed £96,132 (2023: £96,132) to A J Ridgeley in relation to Sunflower LLP costs (incorporated in Canada), in which Deanlane Ltd owns 49.95% beneficial share of partners capital.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, A J Ridgeley, by virtue of his ownership of 100% of the voting share capital in Happy Harry Holdings Limited.