ACCOUNTS - Final Accounts

Registered number: 08380550

WHITE SWAN MUSIC LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

WHITE SWAN MUSIC LIMITED

REGISTERED NUMBER: 08380550

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		5		228
			5		228
Current assets
Debtors: amounts falling due within one year	5	4,157		18,874
Cash at bank and in hand	6	9,448		4,894
		13,605		23,768
Creditors: amounts falling due within one year	7	(13,466)		(21,150)
Net current assets			139		2,618
Total assets less current liabilities			144		2,846
Deferred tax	8	(1)		(57)
			(1)		(57)
Net assets			143		2,789

Capital and reserves
Called up share capital	9	100	100
Profit and loss account		43	2,689
		143	2,789

WHITE SWAN MUSIC LIMITED

REGISTERED NUMBER: 08380550

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 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 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:

P G Curran

Director

Date: 22 July 2026

The notes on pages 3 to 7 form part of these financial statements.

WHITE SWAN MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

White Swan Music Limited is a private company, limited by shares, registered in England and Wales, registration number 08380550. 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 a consultant in the music industry.

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 Section 1A of the 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 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 consulting activities 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.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

WHITE SWAN MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings

3 years straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

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

2.8

Cash

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

WHITE SWAN MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.9

Creditors

Short-term creditors are measured at the transaction price.

2.10

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, other creditors and loans with related parties.

2.11

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

4.	Tangible fixed assets

		Fixtures and fittings
		£
	Cost
	At 1 April 2025	4,555
	At 31 March 2026	4,555
	Depreciation
	At 1 April 2025	4,327
	Charge for the year	223
	At 31 March 2026	4,550
	Net book value
	At 31 March 2026	5
	At 31 March 2025	228

WHITE SWAN MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Debtors

					2026	2025
					£	£


Trade debtors	-	2,400
Other debtors	4,157	16,474
	4,157	18,874

6.	Cash
		2026	2025
		£	£

	Cash at bank and in hand	9,448	4,894

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

Corporation tax	11,418	17,786
Other taxation and social security	-	1,365
Other creditors	48	-
Accruals	2,000	1,999
	13,466	21,150

WHITE SWAN MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

8.	Deferred taxation

		2026
		£

	At beginning of year	(57)
	Charged to profit or loss	56
	At end of year	(1)

The provision for deferred taxation is made up as follows:
	2026	2025
	£	£

Fixed assets timing differences

9.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

100 (2025 - 100) Ordinary shares of £1.00 each	100	100

10.	Transactions with directors

As at the year end, the company owed the directors £48 (2024 - £12,317 owed by the directors to the company). The loan is unsecured, interest free and repayable on demand.

During the year, dividends of £48,300 (2025 - £50,000) were paid to the directors.