THATMUSE LTD 09754290 false 2024-09-01 2025-08-31 2025-08-31 The principal activity of the company is Museums activities. Digita Accounts Production Advanced 6.30.9574.0 true true 09754290 2024-09-01 2025-08-31 09754290 2025-08-31 09754290 bus:OrdinaryShareClass1 2025-08-31 09754290 core:CurrentFinancialInstruments 2025-08-31 09754290 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 09754290 core:FurnitureFittingsToolsEquipment 2025-08-31 09754290 bus:SmallEntities 2024-09-01 2025-08-31 09754290 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 09754290 bus:FilletedAccounts 2024-09-01 2025-08-31 09754290 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 09754290 bus:RegisteredOffice 2024-09-01 2025-08-31 09754290 bus:Director1 2024-09-01 2025-08-31 09754290 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 09754290 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 09754290 bus:Agent1 2024-09-01 2025-08-31 09754290 core:FurnitureFittingsToolsEquipment 2024-09-01 2025-08-31 09754290 countries:England 2024-09-01 2025-08-31 09754290 2024-08-31 09754290 core:FurnitureFittingsToolsEquipment 2024-08-31 09754290 2023-09-01 2024-08-31 09754290 2024-08-31 09754290 bus:OrdinaryShareClass1 2024-08-31 09754290 core:CurrentFinancialInstruments 2024-08-31 09754290 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 09754290 core:FurnitureFittingsToolsEquipment 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09754290

THATMUSE LTD
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

THATMUSE LTD

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

THATMUSE LTD

Company Information

Director | Hernan Pablo Souto Sosa

Registered office | 80-83 Long Lane London United Kingdom EC1A 9ET

Accountants | Carbon Accountancy Limited Chartered Accountants80-83 Long Lane London EC1A 9ET

THATMUSE LTD

(Registration number: 09754290)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 229 | 459
Current assets |  |  |
Debtors | 5 | 357 | -
Creditors: Amounts falling due within one year | 6 | (12,520) | (9,280)
Net current liabilities |  | (12,163) | (9,280)
Net liabilities |  | (11,934) | (8,821)
Capital and reserves |  |  |
Called up share capital | 7 | 200 | 200
Retained earnings |  | (12,134) | (9,021)
Shareholders' deficit |  | (11,934) | (8,821)

For the financial year ending 31 August 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 July 2026

......................................... Hernan Pablo Souto Sosa Director

THATMUSE LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
80-83 Long Lane
London
EC1A 9ET
United Kingdom

These financial statements were authorised for issue by the director on 17 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.
The company has full financial assistance from it's director to enable to continue operation and meeting it's
liabilities as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

THATMUSE LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipments | Straight line method - 25%

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

THATMUSE LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 September 2024 | 2,269 | 2,269
At 31 August 2025 | 2,269 | 2,269
Depreciation
At 1 September 2024 | 1,810 | 1,810
Charge for the year | 230 | 230
At 31 August 2025 | 2,040 | 2,040
Carrying amount
At 31 August 2025 | 229 | 229
At 31 August 2024 | 459 | 459

5 | Debtors

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 7,931 | 3,464
Taxation and social security |  | 189 | 143
Accruals and deferred income |  | 1,294 | 1,753
Other creditors |  | 3,106 | 3,920
|  | 12,520 | 9,280

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 200 | 200 | 200 | 200

THATMUSE LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | 7,931 | 3,464

9 | Related party transactions

Transactions with directors The amount due to director as at year end was £3,106 (2024 - £3,920)