ACCOUNTS - Final Accounts preparation

Registered number: 13182726

CHURCH RECORDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025


CHURCH RECORDINGS LIMITED REGISTERED NUMBER:13182726

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	2,345		12,134
Cash at bank	5	57		28
		2,402		12,162
Creditors: amounts falling due within one year	6	(302,538)		(313,825)
Net current liabilities			(300,136)		(301,663)
Total assets less current liabilities			(300,136)		(301,663)

Net liabilities			(300,136)		(301,663)

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(300,236)	(301,763)
		(300,136)	(301,663)

The directors consider 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 directors acknowledge their 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:

P R Epworth

Director

Date: 9 December 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1


CHURCH RECORDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Church Recordings Limited is a private company, limited by shares, registered in England and Wales, registration number 13182726. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal place of activity is Church Studios, 145H Crouch Hill, London, N8 9QH.

The principal activity of the company continued to be that of the record labels.

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 Companies Act 2006.

2.2

Going concern

The financial statements have been prepared on the going concern basis as the director has confirmed that the parent company will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the director is satisfied that the financial statements should be prepared on a going concern basis.

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 turnover 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 record labels is recognised when it is probable the company will receive the consideration due under the contract.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash

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

Page 2


CHURCH RECORDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Creditors

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

2.9

Financial instruments

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

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 3).

Debtors

					2025	2024
					£	£


Trade debtors	1,658	1,658
Amounts owed by group undertakings	100	100
Other debtors	-	9,711
Prepayments	587	665
	2,345	12,134

5.	Cash
		2025	2024
		£	£

	Cash at bank	57	28

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

Trade creditors	-	604
Amounts owed to group undertakings	302,352	312,129
Accruals	186	1,092
	302,538	313,825

Page 3


CHURCH RECORDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

8.	Related party transactions
	No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35, as the company is itself a wholly owned subsidiary of Pre Productions Holdings Limited.

Page 4