REGISTERED NUMBER: 08821290 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

JONNY ROSS MUSIC LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Ross

Mrs E Ross

REGISTERED OFFICE:

13 Trinity Square

Llandudno

LL30 2RB

REGISTERED NUMBER:

08821290 (England and Wales)

ACCOUNTANTS:

Williams Denton Cyf

Chartered Certified Accountants

Glaslyn

Ffordd y Parc

Parc Menai

Bangor

Gwynedd

LL57 4FE

FIXED ASSETS

Intangible assets

4

11,377

-

Tangible assets

5

42,142

52,002

53,519

52,002

CURRENT ASSETS

Debtors

57,972

107,737

Investments

83,255

-

Cash at bank

111,357

186,069

252,584

293,806

CREDITORS

Amounts falling due within one year

184,021

188,960

NET CURRENT ASSETS

68,563

104,846

TOTAL ASSETS LESS CURRENT LIABILITIES

122,082

156,848

PROVISIONS FOR LIABILITIES

10,536

13,001

NET ASSETS

111,546

143,847

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

111,446

143,747

111,546

143,847

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 directors acknowledge their 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 Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr J Ross - Director

1.	STATUTORY INFORMATION

Jonny Ross Music Ltd 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Cryptocurrency are being amortised evenly over their estimated useful life of nil years.

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

Additions

11,377

At 31 December 2024

11,377

NET BOOK VALUE

At 31 December 2024

11,377

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

136,508

Additions

4,189

At 31 December 2024

140,697

DEPRECIATION

At 1 January 2024

84,506

Charge for year

14,049

At 31 December 2024

98,555

NET BOOK VALUE

At 31 December 2024

42,142

At 31 December 2023

52,002

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

£

Mr J Ross

Balance outstanding at start of year

129,894

126,716

Amounts advanced

151,546

117,260

Amounts repaid

(144,923

)

(114,082

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

136,517

129,894

Mrs E Ross

Balance outstanding at start of year

(36,689

)

-

Amounts advanced

53,137

33,577

Amounts repaid

(103,316

)

(70,266

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(86,868

)

(36,689

)