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Registered number: 14915402
Soundtrap Limited
Financial Statements
For The Year Ended 31 December 2024
Goodwille Limited
Soundtrap Limited
Contents
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Soundtrap Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 14915402
31 December 2024 31 December 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 22,843 36,075
Cash at bank and in hand 17,481 48,769
40,324 84,844
Creditors: Amounts Falling Due Within One Year 5 (151,548 ) (97,476 )
NET CURRENT ASSETS (LIABILITIES) (111,224 ) (12,632 )
TOTAL ASSETS LESS CURRENT LIABILITIES (111,224 ) (12,632 )
NET LIABILITIES (111,224 ) (12,632 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (111,225 ) (12,633 )
SHAREHOLDERS' FUNDS (111,224) (12,632)
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Per Emanuelsson
Director
30/09/2025
The notes on pages 2 to 4 form part of these financial statements.
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Soundtrap Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Soundtrap Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14915402 . The registered office is 1 Chapel Street, Warwick, CV34 4HL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Though the Company is operating at a loss, the Directors have a reasonable expectation that the Company will continue to have access to adequate resources to continue in operational existence for the foreseeable future. The Directors have considered a letter of support from its immediate parent company stating that they will support the Company should it not be in a position to meet any repayment obligations. Thus, the Directors continue to adopt the going concern basis in preparing the annual financial statements.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans to and from related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Debtors
Basic financial assets, including trade and other debtors, are intially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
2.8. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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Soundtrap Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.9. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
2.10. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2.11. Disclosure of long or short period
The company was incorporated on 5 June 2023, with its first set of accounts covering the short period from this date to 31 December 2023. By comparsion, the current period covers a standard 12 month set of accounts.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 12 (2023: 12)
12 12
4. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 16,412 2,785
Prepayments and accrued income 6,431 1,984
VAT - 795
Amounts owed by group undertakings - 30,511
22,843 36,075
5. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 1,985 -
Other taxes and social security 45,381 39,651
VAT 3,989 -
Other creditors 10,971 8,945
Accruals and deferred income 78,634 48,880
Amounts owed to group undertakings 10,588 -
151,548 97,476
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Soundtrap Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
6. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 1 1
7. Dividends
No dividends were proposed or paid during the current year or prior period. 
8. Related Party Transactions
The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.
9. Ultimate Controlling Party
The company's ultimate controlling party is Soundtrap AB by virtue of its ownership of 100% of the issued share capital in the company.
10. Going concern
The company reported a loss of £98,592 for the year ended 31 December 2024 (2023: £12,633). At 31 December 2024 the company’s liabilities exceeded its assets by £111,224 (2023: £12,632). These conditions indicate the existence of a material uncertainty which may cast significant doubt on the company’s ability to continue as a going concern. 
The company relies on its parent for sales revenues and for providing adequate resources to continue in operational existence. The directors have been assured that this support will continue. The directors have reviewed the financial projections for the company and the group and are of the view that the company will continue to be able to meet its liabilities as they fall due. Accordingly, the directors believe that it is appropriate to prepare the financial statements on a going concern basis.
11. Audit Information
The auditor's report on the accounts of Soundtrap Limited for the year ended 31 December 2024 was unqualified.
The audit report contained the following:
Material uncertainty related to going concern
We draw attention to Note 10 in the financial statements, which indicates that the company incurred a loss of £98,592 during the year ended 31 December 2024 and at that date the company’s liabilities exceeded its assets by £111,224. As stated in Note 10, these events or conditions, along with other matters as set forth in Note 10, indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.
In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The auditor's report was signed by Caroline Peverett BA FCA (Senior Statutory Auditor) for and on behalf of Tuerner Audit Limited , Statutory Auditor.
Tuerner Audit Limited
Bridge House
Old Grantham Road
Whatton
Nottingham
NG13 9FG
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