ACCOUNTS - Final Accounts preparation

Registered number: 15600237

CAT BURNS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025


CAT BURNS LIMITED REGISTERED NUMBER:15600237

BALANCE SHEET

AS AT 31 MARCH 2025

		2025
Note		£

Fixed assets
Tangible assets	4		13,114
			13,114
Current assets
Debtors: amounts falling due within one year	5	423,204
Cash at bank and in hand	6	526,450
		949,654
Creditors: amounts falling due within one year	7	(868,813)
Net current assets			80,841
Total assets less current liabilities			93,955
Provisions for liabilities
Deferred tax	8	(3,279)
			(3,279)
Net assets			90,676

Capital and reserves
Called up share capital	9	100
Profit and loss account		90,576
		90,676

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CAT BURNS LIMITED REGISTERED NUMBER:15600237

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 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 period 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 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:

C Burns-Temison

Director

Date: 27 December 2025

The notes on pages 3 to 7 form part of these financial statements.

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CAT BURNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

Cat Burns Limited is a private company, limited by shares, registered in England and Wales, registration number 15600237. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The company was incorporated on 28 March 2024 and commenced trading on the same date.

The principal activity of of the company is that to be sound recording and music publishing activity.

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 pount 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 revenue 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 sound recording and music publishing activities are recognised when it is probable
the company will receive the rights to the consideration due under the contract.

Royalties receivable are recognised at the year end date by the company per the royalty statements.

Recharged income is recognised when the corresponding expenses have been incurred on behalf
of other entities.

2.4

Interest income

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

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

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CAT BURNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.7

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.

Depreciation is provided on the following basis:

Computer equipment

25%

reducing balance

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.

2.8

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.

2.9

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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CAT BURNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.10

Creditors

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

2.11

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 and trade creditors, and loans with related parties.

Employees

The average monthly number of employees, including the director, during the period was 1.

4.	Tangible fixed assets

		Computer equipment
		£
	Cost
	Additions	17,041
	At 31 March 2025	17,041
	Depreciation
	Charge for the period	3,927
	At 31 March 2025	3,927
	Net book value
	At 31 March 2025	13,114

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CAT BURNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

Debtors

					2025
					£


	Trade debtors	2,993
	Other debtors	254,480
	Prepayments	165,731
		423,204

6.	Cash
		2025
		£

	Cash at bank and in hand	526,450

7.	Creditors: amounts falling due within one year
		2025
		£

	Trade creditors	5,100
	Corporation tax	26,766
	Accruals and deferred income	836,947
		868,813

8.	Deferred taxation

		2025
		£

	Charged to profit or loss	3,279
	At end of period	3,279

	The deferred taxation balance is made up as follows:
					2025
					£

Fixed asset timing differences

3,279

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CAT BURNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

9.	Share capital
		2025
		£

		Allotted, called up and fully paid

		100 Ordinary shares of £1.00 each	100

On incorporation, the company issued 100 ordinary shares at a nominal value of £1 each.

10.	Transactions with the director

At the period end, the company was owed £250,435 by the director. The loan is unsecured, repayable on demand and interest has been charged at the official rate.

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