Silverfin false false 30/09/2025 01/10/2024 30/09/2025 Mr D Bowdery 10/04/2001 Mr N Nethercot 10/04/2001 02 March 2026 The principal activity of the company during the financial year is the wholesale of musical instrument cases. 04197826 2025-09-30 04197826 bus:Director1 2025-09-30 04197826 bus:Director2 2025-09-30 04197826 2024-09-30 04197826 core:CurrentFinancialInstruments 2025-09-30 04197826 core:CurrentFinancialInstruments 2024-09-30 04197826 core:Non-currentFinancialInstruments 2025-09-30 04197826 core:Non-currentFinancialInstruments 2024-09-30 04197826 core:ShareCapital 2025-09-30 04197826 core:ShareCapital 2024-09-30 04197826 core:RetainedEarningsAccumulatedLosses 2025-09-30 04197826 core:RetainedEarningsAccumulatedLosses 2024-09-30 04197826 core:OtherPropertyPlantEquipment 2024-09-30 04197826 core:OtherPropertyPlantEquipment 2025-09-30 04197826 bus:OrdinaryShareClass1 2025-09-30 04197826 2024-10-01 2025-09-30 04197826 bus:FilletedAccounts 2024-10-01 2025-09-30 04197826 bus:SmallEntities 2024-10-01 2025-09-30 04197826 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 04197826 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 04197826 bus:Director1 2024-10-01 2025-09-30 04197826 bus:Director2 2024-10-01 2025-09-30 04197826 core:OtherPropertyPlantEquipment 2024-10-01 2025-09-30 04197826 2023-10-01 2024-09-30 04197826 core:Non-currentFinancialInstruments 2024-10-01 2025-09-30 04197826 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 04197826 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 04197826 1 2024-10-01 2025-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04197826 (England and Wales)

# PROTECTION RACKET LIMITED

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

PROTECTION RACKET LIMITED

## Unaudited Financial Statements

For the financial year ended 30 September 2025

Contents

PROTECTION RACKET LIMITED

## BALANCE SHEET

As at 30 September 2025
PROTECTION RACKET LIMITED

## BALANCE SHEET (continued)

As at 30 September 2025

| Note | 2025 |  | 2024
|  | £ |  | £
|  |  |  | Restated - note 2
Fixed assets |  |  |  |
Tangible assets | 4 | 6,696 |  | 6,040
|  | 6,696 |  | 6,040
Current assets |  |  |  |
Debtors | 5 | 195,753 |  | 291,131
Cash at bank and in hand |  | 207,763 |  | 101,194
|  | 403,516 |  | 392,325
Creditors: amounts falling due within one year | 6 | ( 217,095) |  | ( 209,775)
Net current assets |  | 186,421 |  | 182,550
Total assets less current liabilities |  | 193,117 |  | 188,590
Creditors: amounts falling due after more than one year | 7 | ( 30,000) |  | ( 76,844)
Provision for liabilities |  | ( 918) |  | ( 707)
Net assets |  | 162,199 |  | 111,039
Capital and reserves |  |  |  |
Called-up share capital | 8 | 999 |  | 999
Profit and loss account |  | 161,200 |  | 110,040
Total shareholder's funds |  | 162,199 |  | 111,039

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

Directors' 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 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; 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 Protection Racket Limited (registered number: 04197826) were approved and authorised for issue by the Board of Directors on 02 March 2026. They were signed on its behalf by:

Mr N Nethercot Director |

PROTECTION RACKET LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025
PROTECTION RACKET LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025

##### 1. Accounting policies

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

##### General information and basis of accounting

Protection Racket Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Prior year adjustment

Prior year values have been restated to adjust for dividends issued to shareholders which had been omitted from the originally submitted accounts.
More detail behind the restatement can be found in note 2 to the Financial Statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Prior year adjustment

An error relating to the treatment of dividend payments in the 2024 accounts has been identified. As a result, an adjustment has been made to increase dividends paid in the prior period.

|  | As previously reported |  | Adjustment |  | As restated
Year ended 30 September 2024 |  | £ |  | £ |  | £
Debtors |  | 306,320 |  | (15,189) |  | 291,131
Profit and loss account |  | 127,441 |  | (17,400) |  | 110,041
Creditors : amounts falling due within one year |  | 207,564 |  | 2,211 |  | 209,775

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 4 |  | 4

#### 4. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 October 2024 | 29,835 |  | 29,835
Additions | 1,596 |  | 1,596
At 30 September 2025 | 31,431 |  | 31,431
Accumulated depreciation |  |  |
At 01 October 2024 | 23,795 |  | 23,795
Charge for the financial year | 940 |  | 940
At 30 September 2025 | 24,735 |  | 24,735
Net book value |  |  |
At 30 September 2025 | 6,696 |  | 6,696
At 30 September 2024 | 6,040 |  | 6,040

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 129,136 |  | 232,567
Amounts owed by Group undertakings | 58,156 |  | 58,156
Other debtors | 8,461 |  | 408
| 195,753 |  | 291,131

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

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 48,813 |  | 52,994
Trade creditors | 129,742 |  | 133,722
Taxation and social security | 23,840 |  | 16,487
Other creditors | 14,700 |  | 6,572
| 217,095 |  | 209,775

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 30,000 |  | 76,844

The bank loans are secured by way of a fixed and floating charge over the assets of the company.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
999 Ordinary shares of £ 1.00 each | 999 |  | 999

#### 9. Related party transactions

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Brought forward loan account | 408 |  | 2,448
Advances to directors | 13,191 |  | 16,277
Repayments by directors | (9,164) |  | (18,317)
Carried forward loan account | 4,435 |  | 408

Interest is charged on the above balance at HMRC's official rate. The balance is repayable on demand

#### 10. Ultimate controlling party

Parent Company:

N.B.D Limited, incorporated in England and Wales.

Accounts can be found at Companies House, Crown Way, Cardiff, CF14 3UZ.