Editlight Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01797416 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Editlight 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:

01797416 (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

Tangible assets

4

1

CURRENT ASSETS

Debtors

368,527

302,053

Cash at bank

1,000

369,527

303,053

CREDITORS

Amounts falling due within one year

106,191

89,567

NET CURRENT ASSETS

263,336

213,486

TOTAL ASSETS LESS CURRENT
LIABILITIES

263,337

213,487

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

263,237

213,387

SHAREHOLDERS' FUNDS

263,337

213,487

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

Editlight 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.

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 value added tax) derived from artist royalties. Revenue is recognised when the company becomes entitled to it - usually on the rendering of an invoice.

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

-

25% 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

Full provision is made for deferred tax assets and liabiltities 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 the 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 company's are initially recognised at transaction price and subsequently held 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 the 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 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

5,772

DEPRECIATION

At 1 January 2024

and 31 December 2024

5,771

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

5.	RELATED PARTY DISCLOSURES

Happy Harry Holdings Ltd

Parent Company

As at 31 December 2024 Editlight Ltd was owed £18,090 (2023: £18,090) from Happy Harry Holdings Ltd.

Deanlane Ltd

Fellow Group Company

As at 31 December 2024 Editlight was owed £249,977 (2023:£126,881) from Deanlane Ltd.

The Company charged £100,000 management fees to Deanlane Ltd (2023: £100,000).

Deanlane Overseas Ltd

Fellow Group company

As at 31 December 2024 Editlight Ltd owed £71,001 (2023: £71,001) to Deanlane Overseas Ltd.

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.