ACCOUNTS - Final Accounts preparation

Registered number: 04351808

ORBITAL MUSIC LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025


ORBITAL MUSIC LIMITED REGISTERED NUMBER:04351808

BALANCE SHEET

AS AT 31 JANUARY 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	36,148		7,730
Cash at bank	5	112,374		27,970
		148,522		35,700
Creditors: amounts falling due within one year	6	(80,592)		(23,186)
Net current assets			67,930		12,514
Total assets less current liabilities			67,930		12,514

Net assets			67,930		12,514

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		67,830	12,414
		67,930	12,514

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ORBITAL MUSIC LIMITED REGISTERED NUMBER:04351808

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2025

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:

Paul Hartnoll	Phillip Hartnoll
Director	Director

Date: 10 December 2025	Date:10 December 2025

The notes on pages 3 to 5 form part of these financial statements.

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ORBITAL MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.	General information

Orbital Music Limited is a private company, limited by shares, registered in England and Wales, registration number 04351808. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of music production and publishing.

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

Functional and presentation currency

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

2.3

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 music production and publishing activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.

Royalties receivable are recognised in the accounting year in which it was received per the royalty statements.

2.4

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.

2.5

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.

2.6

Cash

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

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ORBITAL MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.7

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.

2.8

Financial instruments

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

Employees

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

Debtors

					2025	2024
					£	£


Other debtors	4,274	4,274
Accrued income	31,874	3,456
	36,148	7,730

5.	Cash
		2025	2024
		£	£

	Cash at bank	112,374	27,970

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

Corporation tax	18,279	3,204
Other creditors	24,266	6,982
Accruals	38,047	13,000
	80,592	23,186

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ORBITAL MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 -100) ordinary shares of £1 each	100	100

8.	Transactions with directors
	At the year end, the directors owed £3,195 (2024 - £3,195) to the company. The loan is unsecured, interest free and repayable on demand.

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