ACCOUNTS - Final Accounts preparation

Registered number: 03907987

SOUNDHOUSE MEDIA LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

SOUNDHOUSE MEDIA LIMITED

REGISTERED NUMBER: 03907987

BALANCE SHEET

AS AT 31 JANUARY 2025

		2025		2024
Note		£		£


Tangible assets	4		-		-
Current assets
Debtors: amounts falling due within one year	5	76		-
Cash at bank and in hand		1,946		1,307
		2,022		1,307
Creditors: amounts falling due within one year	6	(5,916)		(6,189)
Net current liabilities			(3,894)		(4,882)

Net liabilities			(3,894)		(4,882)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(3,994)	(4,982)
	(3,894)	(4,882)

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SOUNDHOUSE MEDIA LIMITED

REGISTERED NUMBER: 03907987

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2025

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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 on 14 October 2025.

S E Barlow

Director

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

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SOUNDHOUSE MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.	General information

Soundhouse Media Limited is a private company limited by shares incorporated in England and Wales (registered number: 03907987). Its registered office is 8 Shepcote Office Village, Shepcote Lane, Sheffield, South Yorkshire, S9 1TG. The principal activity of the company throughout the year continued to be that of sound recording and publishing activities.

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 company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

2.2

Going concern

The Company has net current liabilities at 31 January 2025 of £3,894 (2024: £4,882). However, the financial statements have been prepared on a going concern basis as, in the opinion of the director, the Company's forecasted cashflows will enable it to trade and pay its debts as they fall due.

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SOUNDHOUSE MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.3

Revenue

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 measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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SOUNDHOUSE MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.4

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.

The depreciation rates used are:

				Fixtures and fittings	-	15%	straight line
				Office equipment	-	15%	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 1 (2024 - 1).

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SOUNDHOUSE MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

4.	Tangible fixed assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 February 2024	2,659	28,539	31,198
At 31 January 2025	2,659	28,539	31,198
Depreciation
At 1 February 2024	2,659	28,539	31,198
At 31 January 2025	2,659	28,539	31,198
Net book value
At 31 January 2025	-	-	-
At 31 January 2024	-	-	-

Debtors

					2025	2024
					£	£


Trade debtors	76	-

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

VAT	-	279
Accruals	624	800
Other creditors	5,292	5,110
	5,916	6,189

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