REGISTERED NUMBER: 05330001 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ORGANIQ MUSIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Bradley

D Merhav

SECRETARY:

D Merhav

REGISTERED OFFICE:

Chadwick Lodge

24 Crown Point Road

Leeds

West Yorkshire

LS10 1HU

REGISTERED NUMBER:

05330001 (England and Wales)

ACCOUNTANTS:

Fortus Limited

3 Park Square East

Leeds

LS1 2NE

FIXED ASSETS

Tangible assets

4

187,568

197,293

CURRENT ASSETS

Debtors

5

691,130

656,775

Cash at bank and in hand

3,055,405

2,653,961

3,746,535

3,310,736

CREDITORS

Amounts falling due within one year

6

422,201

367,763

NET CURRENT ASSETS

3,324,334

2,942,973

TOTAL ASSETS LESS CURRENT LIABILITIES

3,511,902

3,140,266

PROVISIONS FOR LIABILITIES

7

45,039

37,453

NET ASSETS

3,466,863

3,102,813

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

3,466,763

3,102,713

SHAREHOLDERS' FUNDS

3,466,863

3,102,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 2 October 2025 and were signed on its behalf by:

D Merhav - Director

R Bradley - Director

1.	STATUTORY INFORMATION

Organiq Music Limited 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 represents net invoiced sales of services provided, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

15% straight line

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 February 2023

188,395

17,310

234,316

Additions

-

-

3,852

At 31 January 2024

188,395

17,310

238,168

DEPRECIATION

At 1 February 2023

14,402

17,310

220,238

Charge for year

3,768

-

9,097

At 31 January 2024

18,170

17,310

229,335

NET BOOK VALUE

At 31 January 2024

170,225

-

8,833

At 31 January 2023

173,993

-

14,078

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2023

6,458

221,302

667,781

Additions

-

9,308

13,160

At 31 January 2024

6,458

230,610

680,941

DEPRECIATION

At 1 February 2023

5,518

213,020

470,488

Charge for year

940

9,080

22,885

At 31 January 2024

6,458

222,100

493,373

NET BOOK VALUE

At 31 January 2024

-

8,510

187,568

At 31 January 2023

940

8,282

197,293

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Computer

equipment

£

COST

At 1 February 2023

and 31 January 2024

104,000

DEPRECIATION

At 1 February 2023

and 31 January 2024

104,000

NET BOOK VALUE

At 31 January 2024

-

At 31 January 2023

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

948

Amounts owed by related undertaking

569,532

525,827

Prepayments and accrued income

121,598

130,000

691,130

656,775

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,365

9,526

Corporation tax

336,381

268,404

Social security and other taxes

68,957

74,577

Accrued expenses

14,498

15,256

422,201

367,763

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

45,039

37,453

Deferred

tax

£

Balance at 1 February 2023

37,453

Charge to Income Statement during year

7,586

Balance at 31 January 2024

45,039

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 February 2023

3,102,713

Profit for the year

1,043,217

Dividends

(679,167

)

At 31 January 2024

3,466,763

10.	RELATED PARTY DISCLOSURES

At the year end the company was owed a balance of £565,509 (2023: £522,179) from Black Lodge Limited and a balance of £4,022 (2023: £3,648) from Anonymous Recordings Limited.

Black Lodge Limited and Anonymous Recordings Limited are companies of which R Bradley and D Merhav are both directors.

11.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors.