The average number of persons, including directors, employed by the company during the year was as follows:

These financial statements for the year ended 31 October 2025 are the first financial statements that comply with FRS 105 “The Financial Reporting Standard applicable to the Micro-entities Regime” (FRS 105).

The company transitioned from FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (FRS 102) and the disclosure requirements of Section 1A of FRS 102 to FRS 105 on 1 November 2023, which is the start of the comparative period. The last financial statements prepared under FRS 102 and the disclosure requirements of Section 1A of FRS 102 were prepared for the year ended 31 October 2024.

The transition from FRS 102 to FRS 105 resulted in no changes to the company’s reserves at 1 November 2023, no changes to the balance sheet as at 31 October 2024 and no changes to the profit and loss account for the year ended 31 October 2024.

Ivy Records Limited is a private company limited by shares incorporated in England and Wales. The registered office is Fifth Floor, Clareville House, 26-27 Oxendon Street, St James's, London, SW1Y 4EL.

For the year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime', and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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