ACCOUNTS - Final Accounts

Registered number: 01201659

RATTLESNAKE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025


RATTLESNAKE LIMITED REGISTERED NUMBER:01201659

BALANCE SHEET

AS AT 30 APRIL 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		38		51
			38		51
Current assets
Debtors: amounts falling due within one year	5	2,011		5,098
Cash at bank and in hand	6	8,137		13,056
		10,148		18,154
Creditors: amounts falling due within one year	7	(5,884)		(3,104)
Net current assets			4,264		15,050
Total assets less current liabilities			4,302		15,101
Provisions for liabilities
Deferred tax	8	-		(13)
			-		(13)
Net assets			4,302		15,088

Capital and reserves
Called up share capital	9	2	2
Profit and loss account		4,300	15,086
		4,302	15,088

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RATTLESNAKE LIMITED REGISTERED NUMBER:01201659

BALANCE SHEET (CONTINUED)

AS AT 30 APRIL 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:

C Fehler

Director

Date: 7 January 2026

The notes on pages 3 to 6 form part of these financial statements.

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RATTLESNAKE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1.	General information

Rattlesnake Limited is a private company, limited by shares, registered in England and Wales, registration number 01201659. 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 promoting the activities of a songwriter, recording artist and performer.

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.

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 promoting the activities of a songwriter, recording artist and performer is 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 as per statement by the company.

2.4

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office 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.

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RATTLESNAKE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.5

Debtors

Short term debtors are measured at transaction price, 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.

2.7

Creditors

Short-term creditors are measured at the transaction price.

2.8

Financial instruments

The company enters into basic financial transactions that result in the recognition of financial assets and liabilities such as other debtors and trade and other creditors.

2.9

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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Employees

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

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RATTLESNAKE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

4.	Tangible fixed assets

		Office equipment
		£
	Cost
	At 1 May 2024	11,995
	At 30 April 2025	11,995
	Depreciation
	At 1 May 2024	11,944
	Charge for the year on owned assets	13
	At 30 April 2025	11,957
	Net book value
	At 30 April 2025	38
	At 30 April 2024	51

Debtors

					2025	2024
					£	£


Other debtors	624	288
Prepayments and accrued income	1,387	4,810
	2,011	5,098

6.	Cash
		2025	2024
		£	£

	Cash at bank	8,137	13,056

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RATTLESNAKE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

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

Trade creditors	775	-
Corporation tax	-	624
Other taxation and social security	589	-
Accruals	4,520	2,480
	5,884	3,104

8.	Deferred taxation

		2025
		£

	At beginning of year	13
	Charged to profit or loss	(13)
	At end of year	-

The deferred taxation balance is made up as follows:
	2025	2024
	£	£

Fixed assets timing differences

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

2 (2024 - 2) Ordinary shares of £1.00 each	2	2

10.	Post balance sheet events

On 6 May 2025, the company sold the rights to Primary Wave Music IP Fund 4 US Sub LLC for a consideration of £580,000. This transaction occurred after the reporting date and does not affect the financial position at 30 April 2025.

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