Josef Weinberger Limited
Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 00314664 (England and Wales)
Josef Weinberger Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 12
Josef Weinberger Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
-
0
Tangible assets
4
380,743
388,569
Investment properties
5
1,556,800
1,556,800
Investments
6
2,364,322
2,158,576
4,301,865
4,103,945
Current assets
Stock
148,531
154,117
Debtors
7
141,511
1,067,791
Cash at bank and in hand
3,894,635
3,800,728
4,184,677
5,022,636
Creditors: amounts falling due within one year
8
(3,518,865)
(4,385,885)
Net current assets
665,812
636,751
Total assets less current liabilities
4,967,677
4,740,696
Provisions for liabilities
9
(224,565)
(236,811)
Net assets
4,743,112
4,503,885
Capital and reserves
Called up share capital
15,000
15,000
Revaluation reserve
262,593
265,025
Profit and loss reserves
4,465,519
4,223,860
Total equity
4,743,112
4,503,885

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 17 April 2026 and are signed on its behalf by:
S M Gray
Director
Company Registration No. 00314664
Josef Weinberger Limited
Statement of Changes in Equity
For the year ended 31 December 2024
Page 2
Share capital
Revaluation reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 January 2023
15,000
348,459
4,304,005
4,667,464
Year ended 31 December 2023:
Loss
-
-
(80,145)
(80,145)
Other comprehensive income:
Revaluation of tangible fixed assets
-
(58,800)
-
(58,800)
Tax relating to other comprehensive income
-
(24,634)
-
0
(24,634)
Total comprehensive income
-
(83,434)
(80,145)
(163,579)
Balance at 31 December 2023
15,000
265,025
4,223,860
4,503,885
Year ended 31 December 2024:
Profit
-
-
236,583
236,583
Other comprehensive income:
Tax relating to other comprehensive income
-
2,644
-
0
2,644
Total comprehensive income
-
2,644
236,583
239,227
Transfers
-
(5,076)
5,076
-
Balance at 31 December 2024
15,000
262,593
4,465,519
4,743,112
Josef Weinberger Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 3
1
Accounting policies
Company information

Josef Weinberger Limited is a private company limited by shares incorporated in England and Wales. The registered office is 12-14 Mortimer Street, London, United Kingdom, W1T 3JJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken the following exemptions under the small companies regime:

- The requirements of Section 4 Statement of Financial Position paragraph 4.12(a)(iv).

- The requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17(d).

- The requirements of Section 11 paragraphs 11.39 to 11.48A and Section 12 paragraphs 12.26 to 12.29A.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

A t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover
Turnover represents the company's share of royalties, commission and other income received net of value added tax.
1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Josef Weinberger Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 4

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Copyrights
5-10% straight line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold Land and Buildings
2% straight line on revalued amount

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.7
Fixed asset investments

Listed investments have been re-valued during the year to their market value at the balance sheet date. Profit or losses arising from revaluation or disposal of fixed asset investments are treated as part of the results from ordinary activities. Investment income comprises dividends received during the accounting period on listed investments.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Josef Weinberger Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 5
1.9
Stock

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.10
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Josef Weinberger Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 6
1.12
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.13
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.14
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0 (2023: 0).

Josef Weinberger Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 7
3
Intangible fixed assets
Other
£
Cost
At 1 January 2024 and 31 December 2024
72,329
Amortisation and impairment
At 1 January 2024 and 31 December 2024
72,329
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
4
Tangible fixed assets
Land and buildings
£
Cost or valuation
At 1 January 2024 and 31 December 2024
391,320
Depreciation and impairment
At 1 January 2024
2,751
Depreciation charged in the year
7,826
At 31 December 2024
10,577
Carrying amount
At 31 December 2024
380,743
At 31 December 2023
388,569

Freehold land and buildings were revalued by Colliers International Valuation UK LLP, Independent Chartered Surveyors, on an open market basis. Where this valuation took place subsequent to the year end, the directors consider that it is representative of the open market value of the property at the year end.

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

Josef Weinberger Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
4
Tangible fixed assets
(Continued)
Page 8
2024
2023
£
£
Cost
137,535
137,535
Accumulated depreciation
(46,600)
(43,850)
Carrying value
90,935
93,685
5
Investment property
2024
£
Fair value
At 1 January 2024 and 31 December 2024
1,556,800

The fair value of the investment property has been arrived at on the basis of a valuation as at 23 January 2026 carried out by Colliers International, Independent Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. Where this valuation took place subsequent to the year end, the directors consider that it is representative of the open market value of the property at the year end.

Investment property is owned jointly with the company's ultimate parent undertaking. The carrying value of investment property reported in these financial statements relates only to the company's 28% share of the property. Disposal of the property and any revaluation would only be possible with the permission of the joint owner.

6
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
200
200
Other investments other than loans
2,364,122
2,158,376
2,364,322
2,158,576
Fixed asset investments revalued

The historic cost of the Listed Investments is £1,620,139.

Josef Weinberger Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
6
Fixed asset investments
(Continued)
Page 9
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 January 2024
200
2,158,376
2,158,576
Additions
-
503,566
503,566
Valuation changes
-
138,259
138,259
Disposals
-
(436,079)
(436,079)
At 31 December 2024
200
2,364,122
2,364,322
Carrying amount
At 31 December 2024
200
2,364,122
2,364,322
At 31 December 2023
200
2,158,376
2,158,576
7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
57,959
505,244
Corporation tax recoverable
-
0
5,905
Amounts owed by group undertakings
63,139
218,773
Other debtors
7,494
252,862
Prepayments and accrued income
12,919
85,007
141,511
1,067,791
8
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,075,351
3,639,652
Amounts owed to group undertakings
69,502
570,000
Corporation tax
18,669
-
0
Other taxation and social security
33,031
-
0
Other creditors
322,312
176,233
3,518,865
4,385,885
Josef Weinberger Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 10
9
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
10
224,565
236,811
10
Deferred taxation

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Revaluations
21,990
24,634
Investment property
98,723
98,723
Investments
103,852
113,454
224,565
236,811
2024
Movements in the year:
£
Liability at 1 January 2024
236,811
Credit to profit or loss
(9,602)
Credit to other comprehensive income
(2,644)
Liability at 31 December 2024
224,565

The deferred tax liability set out above relates to accelerated capital allowances and the difference in tax value of investments that are expected to mature on sale.

11
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Josef Weinberger Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
11
Audit report information
(Continued)
Page 11
Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mark Twum-Ampofo
Statutory Auditor:
Moore Kingston Smith LLP
Date of audit report:
22 April 2026
Josef Weinberger Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 12
12
Related party transactions

During the year the company made purchases of £Nil (2023: £24,900) from John Schofield Consultancy Limited, a related party by virtue of common directorships. At the year end £nil (2023: £nil) was outstanding.

Music Theatre International (Europe) Limited ("MTI"), a related party by virtue of common directorships. act as a collection agent on behalf of the company. Included in income is commission of £635,467 (2023: £623,088) earned in relation to royalties processed by MTI. During the year MTI charged the company £592,616 (2023: £626,916) in respects of its services. The company also charged MTI rent of £64,252, during the year,

13
Parent company

The immediate parent undertaking is Weinberger Holdings Limited, registered in England & Wales, by virtue of its ownership of 100% of the issued share capital of the company. Its registered address is 12-14 Mortimer Street, London, W1T 3JJ. The directors regard Euroton AG, incorporated in Liechtenstein, as the company's ultimate parent undertaking and controlling party.

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