ACCOUNTS - Final Accounts preparation

Registered number: 15313839

ENCHANT GROUP LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024


ENCHANT GROUP LIMITED REGISTERED NUMBER:15313839

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024
Note		£

Fixed assets
Investments	4		840,000
			840,000
Current assets
Debtors: amounts falling due within one year	5	13,471
Cash at bank and in hand	6	27,171
		40,642
Creditors: amounts falling due within one year	7	(60,442)
Net current (liabilities)/assets			(19,800)
Total assets less current liabilities			820,200
Creditors: amounts falling due after more than one year	8		(75,131)

Net assets			745,069

Capital and reserves
Called up share capital	9	1,000
Share premium account		639,814
Other reserves		24,869
Profit and loss account		79,386
		745,069

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ENCHANT GROUP LIMITED REGISTERED NUMBER:15313839

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 profit and loss account 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:

D M Jackson

Director

Date: 29 September 2025

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

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ENCHANT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Enchant Group Limited is a private company, limited by shares, registered in England and Wales, registration number 15313839. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The company was incorporated on 28 November 2023 and commenced trading on 10 April 2024.

The principal activity of the company is that of a holding company. The principal activities of the group is that of music recording, sound recording, music publishiing and advertising agency.

The accounting period has been extended from 30 November 2024 to 31 December 2024.

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 Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.

2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

2.4

Turnover

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from management services is recognised when it is probable the company will receive the right to the consideration due under the contract.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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ENCHANT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, and loans with related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including the director, during the period was 1.

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	840,000
	At 31 December 2024	840,000

Subsidiary undertakings
The following were subsidiary undertakings of the company:
Name	Principal activity	Class of shares	Holding

WMP Studios Limited	Music recording	Ordinary	80%
Resister Music Limited	Sound recording and music publishing	Ordinary	81%
Sonicbrand Limited	Advertising agency	Ordinary	100%

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ENCHANT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Debtors

					2024
					£


	Other debtors	1,000
	Prepayments	12,471
		13,471

6.	Cash and cash equivalents
		2024
		£

	Cash at bank and in hand	27,171

7.	Creditors: amounts falling due within one year
		2024
		£

	Trade creditors	3,493
	Amounts owed to group undertakings	186
	Corporation tax	29,733
	Other taxation and social security	24,030
	Accruals	3,000
		60,442

8.	Creditors: amounts falling due after more than one year
		2024
		£

	Other creditors	75,131

9.	Share capital
		2024
		£

		Allotted, called up and fully paid

		10,000 ordinary shares of £0.10 each	1,000

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ENCHANT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

9.Share capital (continued)

On incorporation, 1,000 ordinary shares of £0.01 each were issued and fully paid at par.
On 18 August 2024, the company consolidated its ordinary shares into 100 ordinary shares of £0.10 each.
On the same date, the company issued 100 ordinary shares of £0.10 each in exchange for 100 £0.10 shares in Sonicbrand Ltd for consideration of £425,000.
On 19 August 2024, the company issued 7,428 ordinary shares of £0.10 each in exchange for 86 £1.00 shares in Resister Music Limited for consideration of £215,000.
On the same date, the company issued a further 2,372 ordinary shares of £0.10 each with an aggregate subscription price of £237.

10.	Related party transactions
	No disclosure has been made of transactions with wholly owned group companies in accordance with FRS102 Section 1A paragraph 1AC.35. At the period end, the company owed £86 to Resister Music Limited, a subsidiary company.

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