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Company No: 08484981 (England and Wales)

# RIGHT TRACKS MUSIC LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

RIGHT TRACKS MUSIC LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

RIGHT TRACKS MUSIC LIMITED

## BALANCE SHEET

As at 30 April 2025
RIGHT TRACKS MUSIC LIMITED

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 47,361 |  | 0
|  | 47,361 |  | 0
Current assets |  |  |  |
Debtors | 4 | 30,864 |  | 28,596
Cash at bank and in hand |  | 7,192 |  | 628
|  | 38,056 |  | 29,224
Creditors: amounts falling due within one year | 5 | ( 385,697) |  | ( 277,395)
Net current liabilities |  | (347,641) |  | (248,171)
Total assets less current liabilities |  | (300,280) |  | (248,171)
Net liabilities |  | ( 300,280) |  | ( 248,171)
Capital and reserves |  |  |  |
Called-up share capital |  | 1 |  | 1
Profit and loss account |  | ( 300,281 ) |  | ( 248,172 )
Total shareholder's deficit |  | ( 300,280) |  | ( 248,171)

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

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Right Tracks Music Limited (registered number: 08484981) were approved and authorised for issue by the Director on 21 January 2026. They were signed on its behalf by:

C N Wright Director |

RIGHT TRACKS MUSIC LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
RIGHT TRACKS MUSIC LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Right Tracks Music Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006. The address of the Company's registered office is 1st Floor Suite, 181B Kensington High Street, London, W8 6SH, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

##### Going concern

The financial statements have been prepared on a going concern basis.
The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and has concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

##### Turnover

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

##### Intangible assets

Intangible assets are stated at cost, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost of each asset over its expected useful life as follows:

Trademarks, patents and licences | 3 years straight line

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Intangible assets

| Trademarks, patents and licences |  | Total
| £ |  | £
Cost |  |  |
At 01 May 2024 | 0 |  | 0
Additions | 55,000 |  | 55,000
At 30 April 2025 | 55,000 |  | 55,000
Accumulated amortisation |  |  |
At 01 May 2024 | 0 |  | 0
Charge for the financial year | 7,639 |  | 7,639
At 30 April 2025 | 7,639 |  | 7,639
Net book value |  |  |
At 30 April 2025 | 47,361 |  | 47,361
At 30 April 2024 | 0 |  | 0

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 30,864 |  | 28,596

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 385,697 |  | 277,395

#### 6. Related party transactions

Included in other creditors is an interest free loan from the director which is repayable on demand. The amount owed to the director at the year end was £381,450 (2024 - £268,150).