Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 2026-05-21 0 2025-01-01 false No description of principal activity 0 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13751418 2025-01-01 2025-12-31 13751418 2024-01-01 2024-12-31 13751418 2025-12-31 13751418 2024-12-31 13751418 c:Director1 2025-01-01 2025-12-31 13751418 d:Goodwill 2025-01-01 2025-12-31 13751418 d:Goodwill 2025-12-31 13751418 d:Goodwill 2024-12-31 13751418 d:CurrentFinancialInstruments 2025-12-31 13751418 d:CurrentFinancialInstruments 2024-12-31 13751418 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 13751418 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13751418 d:ShareCapital 2025-12-31 13751418 d:ShareCapital 2024-12-31 13751418 d:RetainedEarningsAccumulatedLosses 2025-12-31 13751418 d:RetainedEarningsAccumulatedLosses 2024-12-31 13751418 c:FRS102 2025-01-01 2025-12-31 13751418 c:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 13751418 c:FullAccounts 2025-01-01 2025-12-31 13751418 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13751418 2 2025-01-01 2025-12-31 13751418 d:Goodwill d:OwnedIntangibleAssets 2025-01-01 2025-12-31 13751418 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Registered number: 13751418 100 PERCENT RECORDS LTD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
100 PERCENT RECORDS LTD REGISTERED NUMBER: 13751418 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 40,000 |  | 42,500
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 46,222 |  | 68,439 |
Cash at bank and in hand | 6 | 211,065 |  | 216,380 |
|  | 257,287 |  | 284,819 |
Creditors: amounts falling due within one year | 7 | (94,870) |  | (92,010) |
Net current assets |  |  | 162,417 |  | 192,809
Total assets less current liabilities |  |  | 202,417 |  | 235,309
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 202,416 |  | 235,308
|  |  | 202,417 |  | 235,309
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 May 2026.
T Harris
Director
The notes on pages 2 to 6 form part of these financial statements. Page 1
100 PERCENT RECORDS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
The company is limited by shares and incorporated in England. The address of the registered office and principal place of business is given in the company information page of these financial statements. The principal activity of the company is the promotion of recording artists via a record label. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 2
100 PERCENT RECORDS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.3 | Revenue
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. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Page 3
100 PERCENT RECORDS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.6 | Intangible assets
Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life. Other intangible assets Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 2.7 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.10 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).
Page 4
100 PERCENT RECORDS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 January 2025 | 50,000
| At 31 December 2025 | 50,000
| Amortisation |
| At 1 January 2025 | 7,500
| Charge for the year on owned assets | 2,500
| At 31 December 2025 | 10,000
| Net book value |
| At 31 December 2025 | 40,000
| At 31 December 2024 | 42,500
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 28,342 | 17,484
| Amounts owed by joint ventures and associated undertakings | - | 9,904
| Other debtors | 1 | 1
| Prepayments and accrued income | 17,879 | 41,050
|  | 46,222 | 68,439
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 211,065 | 216,380
Page 5
100 PERCENT RECORDS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 7,559 | 4,323
| Amounts owed to joint ventures | 14,456 | -
| Corporation tax | 3,206 | 28,564
| Other taxation and social security | 10,212 | 7,939
| Accruals and deferred income | 59,437 | 51,184
|  | 94,870 | 92,010
| Included in creditors due within one year is £14,456 (2024: £9,904 debtor) owed to 100 Percent Stores Ltd, a company which is owned and controlled by T Harris, the director.
Page 6