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D.N.A. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
D.N.A Limited is a private company limited by shares and is registered in England and Wales. The address of its registered office is 4 Jupiter Court, 10-12 Tolworth Rise South, Surbiton, Surrey, England, KT5 9NN.
The principal activity of the company continued to be that of the management and exploitation of the talents of recordings artists.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 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.
The company's functional and presentational currency is pound sterling.
The following principal accounting policies have been applied:
Turnover comprises royalty receipts, advances and miscellaneous income from the artist's performances, all stated after sales taxes and net of VAT.
Royalties receivable and royalties payable to producers are recognised in respect of each of the royalty accounting periods ending with the company's financial period.
Non-returnable, non-recoupable advances are credited to the profit and loss account in the period in which they are contractually due. Costs in respect of these contracted amounts are also accrued as an expense in the same period as the income is recognised.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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Current and deferred taxation
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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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
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