COPYRIGHT AGENT UK LTD - Filleted accounts

Registered number

11747843

(FORMERLY VISUAL RIGHTS GROUP LTD)

Filleted Accounts

31 December 2024

COPYRIGHT AGENT UK LTD
Registered number:		11747843
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		1,429			2,143
Investments	4		12,189			12,189
			13,618			14,332

Current assets
Debtors	5	211,290			161,590
Cash at bank and in hand		35,439			155,264
		246,729			316,854

Creditors: amounts falling due within one year	6	(157,123)			(226,492)

Net current assets			89,606			90,362

Net assets			103,224			104,694

Capital and reserves
Called up share capital			105,000			105,000
Profit and loss account			(1,776)			(306)

Shareholders' funds			103,224			104,694

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Christoffer Leif Feilberg
Director
Approved by the board on 18 September 2025

COPYRIGHT AGENT UK LTD
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		3		3


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				4,263
	At 31 December 2024				4,263

	Depreciation
	At 1 January 2024				2,120
	Charge for the year				714
	At 31 December 2024				2,834

	Net book value
	At 31 December 2024				1,429
	At 31 December 2023				2,143


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 January 2024				12,189

	At 31 December 2024				12,189


5	Debtors		2024		2023
£				£

	Amounts owed by associated undertakings		86,094		69,037
	Unpaid share capital account		90,652		90,652
	Other debtors		34,544		1,901
			211,290		161,590


6	Creditors: amounts falling due within one year		2024		2023
£				£

	Trade creditors		73,768		101,485
	Taxation and social security costs		13,304		15,725
	Directors' current accounts		719		719
	Accruals		27,458		66,631
	Other creditors		41,874		41,932
			157,123		226,492


7	Other information

	COPYRIGHT AGENT UK LTD is a private company limited by shares and incorporated in England. Its registered office is: C/O Charterhouse Financial Accountants, 42-44 Clarendon Road, Watford, England, WD17 1JJ.