Durham Music Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 00950611

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	5	26,328		6,613
Cash at bank and in hand		5,870		6,353

		32,198		12,966
Creditors: Amounts Falling Due Within One Year	6	(23,915 )		(6,779 )

NET CURRENT ASSETS (LIABILITIES)			8,283		6,187

TOTAL ASSETS LESS CURRENT LIABILITIES			8,283		6,187

NET ASSETS			8,283		6,187

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			8,183		6,087

SHAREHOLDERS' FUNDS			8,283		6,187

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Durham Music Limited

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 3 January 2026 and were signed on its behalf by:

S H Platz

Director

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Durham Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00950611 . The registered office is Roundhouse, 212 Regent's Park Road, London, NW1 8AW.

The company's principal activity continues to be that of music publisher.

2. Statement of Compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

3.2. Turnover

Turnover is recognised at fair value of the consideration received or receivable. Furthermore, revenue is recognised when it is probable that economic benefits will flow to the company and the amount of the revenue can be reliably measured. Royalty income is recognised on a notified earnings basis. Credit is taken for royalty income, arising from the music publishing, record production and related activities, which has been received or declared by users by the period end. Amounts received in advance are carried forward in creditors until notified as earnings by the licensee.

3.3. Financial Instruments

Basic financial instruments, whether financial assets or financial liabilities, are recognised at amortised cost using the effective interest method.

Debtors and creditors falling due within one year are recognised at undiscounted transaction price. Debtors are reviewed for impairment at the end of the financial year and any impairments are recognised in the profit and loss account.

3.4. Interest Receivable

Interest income is recognised using the effective interest method.

3.5. Foreign Currencies

The financial statements are presented in sterling and this is also the functional currency of the company.

Transactions in currencies (other than the functional currency) are recorded at the rate of exchange ruling at the date of the transaction. Monetary items denominated in other currencies are translated into sterling at the rates of exchange prevailing at the balance sheet date. All exchange differences arising are dealt with in the profit and loss account.

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Durham Music Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

3.6. Taxation

Taxation comprises current taxation and deferred tax.

Current tax represents the amount of tax payable in respect of taxable profit for the current or past financial years. The company’s liability to current tax is measured using tax rates that have been enacted by the balance sheet date.

Deferred tax represents future tax consequences of transactions recognised in the current or past financial years. Deferred tax is recognised in respect of all timing differences except that deferred tax assets are only recognised to the extent that it is probable that they will be recoverable against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

3.7. Royalties payable

Royalties payable are charged to the profit and loss account to the extent that amounts are contractually paid or are payable in respect of the year under review. If any royalties payable are considered to be recoverable from future income, these are carried forward in debtors.

4. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	25,519	5,714
Other debtors	809	899

	26,328	6,613

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	15,927	4,086
Other creditors	7,335	2,560
Taxation and social security	653	133

	23,915	6,779

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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