ACCOUNTS - Final Accounts preparation

Company registration number: 13918489

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	TILEYARD RECORDS LIMITED


TILEYARD RECORDS LIMITED

COMPANY INFORMATION

Directors	C Arme
	M Harwood
	P Kempe


Registered number	13918489


Registered office	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


Trading Address	First Floor
	Unit 23
	Tileyard Road
	London
	N7 9AH



Accountants	Menzies LLP
	Chartered Accountants
	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


TILEYARD RECORDS LIMITED REGISTERED NUMBER:13918489

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	240,050		208,589
Cash at bank and in hand		1		561
		240,051		209,150
Creditors: amounts falling due within one year	5	(627,631)		(492,237)
Net current liabilities			(387,580)		(283,087)
Total assets less current liabilities			(387,580)		(283,087)

Net liabilities			(387,580)		(283,087)

Capital and reserves
Called up share capital	70	70
Profit and loss account	(387,650)	(283,157)
	(387,580)	(283,087)

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TILEYARD RECORDS LIMITED REGISTERED NUMBER:13918489

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 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 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 by:

M Harwood

Director

Date: 15 December 2025

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

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TILEYARD RECORDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Tileyard Records Limited is a private company, limited by shares, registered in England and Wales, company registration number 13918489. The registered office is 4th Floor 95 Gresham Street, London, United Kingdom, EC2V 7AB and the principal place of business is First Floor, Unit 23, Tileyard Road, London, N7 9AH.

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 following principal accounting policies have been applied:

2.2

Going concern

As at the period end the company had net current liabilities. The company has loans from companies with beneficial owners in common, that have been confirmed will only be repaid when the company is in a position to do so. The directors have assessed the working capital requirements and believe the company is able to meet the liabilities as they fall due. On this basis the directors have deemed it reasonable to prepare the accounts on a going concern basis.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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TILEYARD RECORDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

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 generated through digital sales to distributors and 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.

2.5

Interest income

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

Employees

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

Debtors

					2025	2024
					£	£


Trade debtors	-	997
Other debtors	227,035	197,393
Prepayments and accrued income	13,015	10,199
	240,050	208,589

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TILEYARD RECORDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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

Trade creditors	41,511	47,110
Other taxation and social security	816	-
Other creditors	539,345	432,538
Accruals and deferred income	45,959	12,589
	627,631	492,237

6.	Related party transactions
	During the year, the company became a guarantor for a loan to a company with beneficial owners in common. The total facility available is £1,510,374. The company ceased to act as a guarantor on 2 July 2025, after the year end.

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