Groove Bound Records Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12897328

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	5	1		1

		1		1
Creditors: Amounts Falling Due Within One Year	6	(24,530 )		(21,247 )

NET CURRENT ASSETS (LIABILITIES)			(24,529 )		(21,246 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(24,529 )		(21,246 )

NET LIABILITIES			(24,529 )		(21,246 )

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			(24,530 )		(21,247 )

SHAREHOLDERS' FUNDS			(24,529)		(21,246)

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Groove Bound Records Limited

Balance Sheet (continued)

As At 30 September 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 26 June 2026 and were signed on its behalf by:

S H Platz Director	J B Tester Director
26 June 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Groove Bound Records Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12897328 . The registered office is Roundhouse, 212 Regents Park Road, London, NW1 8AW.

The company's principal activity continues to be that of music publishing and music record promotion including the production and licensing of musical recordings.

2. Statement of Compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

3.2. Going Concern Disclosure

The financial statements have been prepared on the assumption that the company is able to carry on business as a going concern. The company’s principal creditors are the shareholders of the company and the directors are confident that they will not call for payment until such time as the company is also able to meet its other obligations.

3.3. Turnover

Turnover and other revenue is recognised at fair value of the consideration received or receivable. Furthermore, revenue is recognised when it is probable that economic benefits will flow to the company and the amount of the revenue can be reliably measured.

Sales of recorded music on physical media is recognised when delivered. Revenue is reduced for returns and discounts given.

Royalty and similar income is recognised on a notified earnings basis. Credit is taken for royalty and similar income, arising from the music publishing, record production and related activities, which has been received or declared by users by the period end.

3.4. Presentation currency

The accounts are presented in sterling

4. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Groove Bound Records Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1	1

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,736	1,436
Other creditors	21,794	19,811

	24,530	21,247

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

8. Related Party Disclosures

The sharehiolders have funded company expenditures.

Mr Jonathan Tester, also a director, advanced £1,221 (2024: £4,872) and the balance due to him at the balance sheet date was £10,281 (£9,060.

Bucks Music Group Limited has advanced a further £70 (2024: £0) and the balance due to the shareholder at the balance sheet date was £8,888 (2023: £8,818).

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