Visible Noise Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04228275 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VISIBLE NOISE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A C De La Mata

K Essayah

J Weir

SECRETARY:

K Essayah

REGISTERED OFFICE:

25 Powis Terrace

London

W11 1JJ

REGISTERED NUMBER:

04228275 (England and Wales)

ACCOUNTANTS:

MGR Weston Kay LLP

55 Loudoun Road

St John's Wood

London

NW8 0DL

CURRENT ASSETS

Debtors

4

108,175

100,065

Cash at bank

4,147

1,232

112,322

101,297

CREDITORS

Amounts falling due within one year

5

(267,124

)

(269,432

)

NET CURRENT LIABILITIES

(154,802

)

(168,135

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(154,802

)

(168,135

)

CAPITAL AND RESERVES

Called up share capital

7

95

Retained earnings

(154,897

)

(168,230

)

SHAREHOLDERS' FUNDS

(154,802

)

(168,135

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit And Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

A C De La Mata - Director

1.	STATUTORY INFORMATION

Visible Noise 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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents the amounts derived from the sale of goods, services, licences and non-returnable advances stated net of value added tax. Turnover is recognised at the point of sale of goods to a customer or when the service is provided.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments:

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Non-returnable advances

Advances received which are non-returnable but recoupable out of earnings are treated as income.

Royalties payable

Advances to artists and licensors are charged to the profit and loss account in the accounting period in which they are paid. Royalties due to artists, writers and composers in excess of advances paid are charged to the profit and loss account on an accruals basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

1,971

4,260

Other debtors

106,204

95,805

108,175

100,065

Included in other debtors are amounts owed to connected companies. Interest has not been charged.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

3,605

3,060

Taxation and social security

831

1,925

Other creditors

262,688

264,447

267,124

269,432

Included in other creditors are amounts owed to connected companies. Interest has not been charged.

6.	SECURED DEBTS

The company has an outstanding debenture charge that is secured against fixed and floating charge over all assets of the company in respect of its banking facilities.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

95

Ordinary shares

1

95

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company repaid £16,243 (2023: £16,243) to the director Ms J Weir. As at 31 December 2024 the balance owed by Ms J Weir to the company was £4,083 (2023: £12,161 was owed by the company to Ms J Weir). Interest was payable on this loan of £NIL (2023: £1,500).

During the year, the company advanced Ms K Essayah £nil (2023: £nil). At 31 December 2024 the balance owed by Ms K Essayah to the company was £21,437 (2023: £20,965). Interest was charged on this loan of £472 (2023: £461)

9.	RELATED PARTY DISCLOSURES

During the year, Mr A C De La Mata and Mr Y M Guillemot were directors and controlling shareholders of Vinyl Schnozza Limited ("Vinyl"). During the year Vinyl charged net management charges of £5,913 (2023: £6,940) to the company. Various connected company loans were also made to and from Vinyl during the year. At 31 December 2024 the balance owed to Vinyl was £9,711 (2023: £3,497).

During the year, Mr A C De La Mata and Mr Y M Guillemot were directors and shareholders of M.I.H.K. Limited ("MIHK"). During the year MIHK charged net management charges of £21,067 (2023: £23,315) to the company. Various connected company loans were also made to and from MIHK during the year. At 31 December 2024 the balance owed by MIHK was £50,378 (2023: £48,044).

During the year, Mr A C De La Mata was a director and shareholder of La Boca Limited ("La Boca"). During the year La Boca charged management charges of £147 (2023: £186) to the company. Various connected company loans were also made to and from La Boca. At 31 December 2024 the balance owed by La Boca was £24,646 (2023: £21,293).

The bank accounts of the company and various other companies in which the directors have an interest as directors and shareholders are secured by an unlimited inter-company cross guarantee.