Not Now Music Limited 31/10/2025 iXBRL

Company registration number: 05518704

Not Now Music Limited

Unaudited filleted financial statements

31 October 2025

Not Now Music Limited

Contents

Statement of financial position

Notes to the financial statements

Not Now Music Limited

Statement of financial position

31 October 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	1,020,284		1,026,574
		_______		_______
			1,020,284		1,026,574

Current assets
Stocks		194,580		192,460
Debtors	6	314,025		241,489
Cash at bank and in hand		922,602		823,767
		_______		_______
		1,431,207		1,257,716
Creditors: amounts falling due
within one year	7	( 372,627)		( 242,986)
		_______		_______
Net current assets			1,058,580		1,014,730
			_______		_______
Total assets less current liabilities			2,078,864		2,041,304

Creditors: amounts falling due
after more than one year	8		( 335,626)		( 349,888)

Provisions for liabilities			( 2,195)		( 2,726)

			_______		_______
Net assets			1,741,043		1,688,690
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			1,740,043		1,687,690
			_______		_______
Shareholders funds			1,741,043		1,688,690
			_______		_______

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

Directors responsibilities:

- 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;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 24 July 2026 , and are signed on behalf of the board by:

Mr Trevor Reidy

Director

Company registration number: 05518704

Not Now Music Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 5, Hawthorn Business Park, 165 Granville Road, London, NW2 2AZ. The principal activity of the company is to create masters and then manufacture and distribute music on CD, DVD and Vinyl formats .

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis . The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

In accordance with their responsibilities as directors, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements.The directors consider the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Long leasehold property	-	The long lease is amortised over the lease term of 250 years
Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.Cost is calculated on weighted average price.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution plans

The pension cost charged in the financial statements represent the contribution payable by the company during the year.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 9 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1 November 2024	1,041,001	48,213	31,938	1,121,152
Additions	-	-	800	800
	_______	_______	_______	_______
At 31 October 2025	1,041,001	48,213	32,738	1,121,952
	_______	_______	_______	_______
Depreciation
At 1 November 2024	25,331	41,379	27,868	94,578
Charge for the year	4,164	1,709	1,217	7,090
	_______	_______	_______	_______
At 31 October 2025	29,495	43,088	29,085	101,668
	_______	_______	_______	_______
Carrying amount
At 31 October 2025	1,011,506	5,125	3,653	1,020,284
	_______	_______	_______	_______
At 31 October 2024	1,015,670	6,834	4,070	1,026,574
	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	251,751	184,306
Other debtors	62,274	57,183
	_______	_______
	314,025	241,489
	_______	_______

Trade debtors include debt due from connected company in the sum of £243,481.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans (see Note 8)	15,650	16,068
Trade creditors	137,883	79,088
Corporation tax	78,734	36,589
Social security and other taxes	49,141	43,583
Other creditors	91,219	67,658
	_______	_______
	372,627	242,986
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	335,626	349,888
	_______	_______

The bank loan is secured by first legal charge over the long leasehold premises and a debenture over all the assets of the company. The bank loan is repayable over 20 years from October 2018. For first 3 years interest rate is fixed at 4.52% and thereafter at 3.67% per annum over the base rate.

Included within creditors: amounts falling due after more than one year is an amount of £ 241,707 (2024 £ 257,439 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

9. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	63,500	50,612
Later than 1 year and not later than 5 years	127,000	139,359
	_______	_______
	190,500	189,971
	_______	_______

10. Controlling party

The directors who are also shareholders control the company .