ACCOUNTS - Final Accounts

Registered number: 01633651

NEUTRON MUSIC LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

NEUTRON MUSIC LIMITED

REGISTERED NUMBER: 01633651

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	124,502		119,069
Cash at bank	5	20,128		18,584
		144,630		137,653
Creditors: amounts falling due within one year	6	(58,582)		(56,781)
Net current assets			86,048		80,872
Total assets less current liabilities			86,048		80,872

Net assets			86,048		80,872

Capital and reserves
Called up share capital	7	102	102
Profit and loss account		85,946	80,770
		86,048	80,872

NEUTRON MUSIC LIMITED

REGISTERED NUMBER: 01633651

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2026

The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 profit and loss account 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 by:

M D Fry

Director

Date: 22 July 2026

The notes on pages 3 to 5 form part of these financial statements.

NEUTRON MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Neutron Music Limited is a private company, limited by shares, registered in England and Wales, registration number 01633651. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of music publishing.

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 requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2

Functional and presentation currency

The company's functional and presentation currency is pound sterling.

2.3

Turnover

Turnover from music publishing is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from music publishing is recognised as the related performance obligations are satisfied and only to the extent that it is probable that the company will be entitled to the consideration due under the contract.

Royalties receivable are recognised in the accounting year in which it was received per the royalty statements.

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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

NEUTRON MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.7

Cash

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price.

2.9

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, and other creditors.

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.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 2).

Debtors

					2026	2025
					£	£


Trade debtors	121,657	115,928
Accrued income and prepayments	2,845	3,141
	124,502	119,069

5.	Cash
		2026	2025
		£	£

	Cash at bank	20,128	18,584

NEUTRON MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

6.	Creditors: amounts falling due within one year
		2026	2025
		£	£

Corporation tax	35,680	34,945
Other taxation and social security	20,427	19,610
Accruals	2,475	2,226
	58,582	56,781

7.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

102 (2025 - 102) Ordinary shares of £1.00 each	102	102

8.	Transactions with directors

During the year, dividends of £102,000 (2025 - £96,000) were paid to the directors.