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PASSION MUSIC LIMITED

Registered Number
01926762
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2025

PASSION MUSIC LIMITED
Company Information
for the year from 1 July 2024 to 30 June 2025

Director | MCCUTCHEON, Leslie

Company Secretary | PENDRED, Vaughan, Mr. (Resigned 25/02/2025)

Registered Address | The Milking Parlour Hurst Farm
| Dairy Lane
| Crockham Hill
| TN8 6RA

Place of Business | Unit 2 Boeing Way
| Brent Road
| Southall
| UB2 5LP

Registered Number | 01926762 (England and Wales)

PASSION MUSIC LIMITED
Balance Sheet as at
30 June 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 3,266 |  |  |  | 4,354
|  |  |  | 3,266 |  |  |  | 4,354
Current assets |  |  |  |  |  |  |  |
Debtors | 4 | 61,787 |  |  |  | 58,438 |  |
Cash at bank and on hand |  | 380,181 |  |  |  | 403,532 |  |
|  | 441,968 |  |  |  | 461,970 |  |
Creditors amounts falling due within one year | 5 | (61,542) |  |  |  | (64,606) |  |
Net current assets (liabilities) |  |  |  | 380,426 |  |  |  | 397,364
Total assets less current liabilities |  |  |  | 383,692 |  |  |  | 401,718
Provisions for liabilities | 6 |  |  | (151,310) |  |  |  | (175,006)
Net assets |  |  |  | 232,382 |  |  |  | 226,712
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 50 |  |  |  | 50
Profit and loss account |  |  |  | 232,332 |  |  |  | 226,662
Shareholders' funds |  |  |  | 232,382 |  |  |  | 226,712

- The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 15 January 2026, and are signed on its behalf by:
MCCUTCHEON, Leslie Director Registered Company No. 01926762

PASSION MUSIC LIMITED
Notes to the Financial Statements
for the year ended 30 June 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Revenue from sale of goods
--- | ---
| Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

| Employee benefits
--- | ---
| Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

| Finance costs
--- | ---
| Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Current taxation
--- | ---
| Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

| Tangible fixed assets and depreciation
--- | ---
| All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

|  | Reducing balance (%)
| Plant and machinery | 25

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Cash and cash equivalents
--- | ---
| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

| Trade and other creditors
--- | ---
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

| Share capital
--- | ---
| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 3 |  | 3

3. | Tangible fixed assets
--- | ---

|  | Plant & machinery |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 July 24 | 5,500 |  | 5,500
| At 30 June 25 | 5,500 |  | 5,500
| Depreciation and impairment
| At 01 July 24 | 1,146 |  | 1,146
| Charge for year | 1,088 |  | 1,088
| At 30 June 25 | 2,234 |  | 2,234
| Net book value
| At 30 June 25 | 3,266 |  | 3,266
| At 30 June 24 | 4,354 |  | 4,354

4. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 58,485 |  | 55,117
| Other debtors | 3,302 |  | 3,321
| Total | 61,787 |  | 58,438

5. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 1,495 |  | 512
| Taxation and social security | 32,559 |  | 38,389
| Other creditors | 1,503 |  | 11
| Accrued liabilities and deferred income | 25,985 |  | 25,694
| Total | 61,542 |  | 64,606

6. | Provisions for liabilities
--- | ---
| A Provision has been made and kept in the company against any future claim of royalties that have not been made apparent from the original production of albums. The Value of the provision in the year is £151,310. No tax benefit has been taken on the this provision.

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Other provisions | 151,310 |  | 175,006
| Total | 151,310 |  | 175,006

7. | Share capital
--- | ---
| 50 £1 Ordinary Shares, Called up and paid.