ACCOUNTS - Final Accounts

Company registration number: 09459869

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	TILEYARD MUSIC & MEDIA LIMITED


TILEYARD MUSIC & MEDIA LIMITED

COMPANY INFORMATION

Directors	C Arme
	M Harwood
	P Kempe
	N Keynes


Registered number	09459869


Registered office	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


Trading Address	1st Floor
	Unit 23
	Tileyard Studios
	Tileyard Road
	London
	N7 9AH



Accountants	Menzies LLP
	Chartered Accountants
	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


TILEYARD MUSIC & MEDIA LIMITED REGISTERED NUMBER:09459869

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		9,679		12,906
			9,679		12,906
Current assets
Debtors: amounts falling due within one year	5	963,722		476,741
Cash at bank and in hand		28,252		132,627
		991,974		609,368
Creditors: amounts falling due within one year	6	(389,437)		(1,510,797)
Net current assets/(liabilities)			602,537		(901,429)
Total assets less current liabilities			612,216		(888,523)
Creditors: amounts falling due after more than one year	7		(1,478,270)		(31,987)

Net liabilities			(866,054)		(920,510)

Capital and reserves
Called up share capital	104	104
Profit and loss account	(866,158)	(920,614)
	(866,054)	(920,510)

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TILEYARD MUSIC & MEDIA LIMITED REGISTERED NUMBER:09459869

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M Harwood

Director

Date: 23 September 2025

The notes on pages 3 to 6 form part of these financial statements.

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TILEYARD MUSIC & MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Tileyard Music & Media Limited is a private company limited by shares, incorporated in England & Wales, registration number 09459869. The registered office is 4th Floor, 95 Gresham Street, London, EC2V 7AB and the principal place of business is 1st Floor, Unit 23, Tileyard Studios, Tileyard Road, London, N7 9AH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in GBP which is the functional currency of the company.

The following principal accounting policies have been applied:

2.2

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is generated through music and media production and management and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Going concern

At the balance sheet date the company had net liabilities of £866,054 (2023: £920,510). The company has seen improved performance in the year and have restructured the financing to secure repayment terms over 1 year. The directors have assessed the cashflow requirements and believe they will be able to meet the liabilities as they fall due. The directors therefore consider it appropriate to prepare the accounts on the going concern basis.

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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TILEYARD MUSIC & MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery

20%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 13 (2023 - 13).

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TILEYARD MUSIC & MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Plant and machinery
		£
	Cost or valuation
	At 1 January 2024	16,132
	At 31 December 2024	16,132
	Depreciation
	At 1 January 2024	3,226
	Charge for the year on owned assets	3,227
	At 31 December 2024	6,453
	Net book value
	At 31 December 2024	9,679
	At 31 December 2023	12,906

Debtors

					2024	2023
					£	£


Trade debtors	18,701	42,037
Other debtors	942,245	431,939
Prepayments and accrued income	2,776	2,765
	963,722	476,741

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TILEYARD MUSIC & MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	5,489	5,343
Other loans	121,026	-
Trade creditors	54,878	43,557
Other taxation and social security	92,994	60,000
Other creditors	36,929	1,267,305
Accruals and deferred income	78,121	134,592
	389,437	1,510,797

The other loans within 1 year totalling £121,026 are secured against the assets of the company.

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	25,969	31,987
Other loans	1,452,301	-
	1,478,270	31,987

The other loans after 1 year totalling £1,452,301 are secured against the assets of the company.

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