2024-08-16 2025-12-31 2025-12-31 false 15902087 Greenback Records Ltd 59200 Sound recording and music publishing activities iso4217:GBP xbrli:pure 15902087 2024-08-16 15902087 2025-12-31 15902087 2024-08-16 2025-12-31 15902087 bus:SmallEntities 2024-08-16 2025-12-31 15902087 bus:AuditExempt-NoAccountantsReport 2024-08-16 2025-12-31 15902087 bus:FullAccounts 2024-08-16 2025-12-31 15902087 core:WithinOneYear 2025-12-31 15902087 core:AfterOneYear 2025-12-31 15902087 core:WithinOneYear 2024-08-16 2025-12-31 15902087 core:AfterOneYear 2024-08-16 2025-12-31 15902087 core:CurrentFinancialInstruments 2025-12-31 15902087 core:Non-currentFinancialInstruments 2025-12-31 15902087 core:CurrentFinancialInstruments 2024-08-16 2025-12-31 15902087 core:Non-currentFinancialInstruments 2024-08-16 2025-12-31 15902087 core:LandBuildings 2024-08-16 2025-12-31 15902087 core:FurnitureFittings 2024-08-16 2025-12-31 15902087 core:OfficeEquipment 2024-08-16 2025-12-31 15902087 core:Vehicles 2024-08-16 2025-12-31 15902087 core:PlantMachinery 2024-08-16 2025-12-31 15902087 core:OtherPropertyPlantEquipment 2024-08-16 2025-12-31 15902087 core:LandBuildings 2025-12-31 15902087 core:PlantMachinery 2025-12-31 15902087 core:Vehicles 2025-12-31 15902087 core:FurnitureFittings 2025-12-31 15902087 core:OfficeEquipment 2025-12-31 15902087 core:OtherPropertyPlantEquipment 2025-12-31 15902087 core:Right-of-useAssets 2024-08-16 2025-12-31 15902087 core:Right-of-useAssets 2025-12-31 15902087 core:Goodwill 2024-08-16 2025-12-31 15902087 core:PatentsTrademarksLicencesConcessionsSimilar 2024-08-16 2025-12-31 15902087 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-16 2025-12-31 15902087 core:OtherResidualIntangibleAssets 2024-08-16 2025-12-31 15902087 core:Goodwill 2025-12-31 15902087 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 15902087 core:PatentsTrademarksLicencesConcessionsSimilar 2025-12-31 15902087 core:OtherResidualIntangibleAssets 2025-12-31 15902087 dpl:CostSales 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bus:PrivateLimitedCompanyLtd 2024-08-16 2025-12-31
Greenback Records Ltd
Unaudited Financial Statements
for the period ended 31 December 2025
Company registration number 15902087
(England and Wales)

# Company Information

For the period 16 August 2024 to 31 December 2025

Directors | Buck, Richard David
| Joyce, Keith James
| O'brien, Julian

Registered office | 36 King Street
| Bristol
| BS1 4DZ

Registered number | 15902087

Accountant | ZEN Chartered Accountants
| Park House
| 10 Park Street
| Bristol
| BS1 5HX

# Statement of Financial Position

As at 31 December 2025

| Notes |
2025
£
£
Fixed assets
Tangible assets
| 4 |
5,823
5,823
Current assets
Debtors
| 5 |
2,009,383
Cash at bank and in hand
7,426
2,016,809
Creditors
Amounts falling due within one year
| 6 |
(1,667,360)
(1,667,360)
Net current assets (liabilities)
349,449
Total assets less current liabilities
355,272
Creditors
Amounts falling due after one year
| 7 |
(384,846)
(384,846)
Net assets (liabilities)
(29,574)
Capital and reserves
Called up share capital
100
Profit and loss account
(29,674)
Total equity
(29,574)

The company is a private company limited by shares and registered in England and Wales. It was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company's profit and loss account under section 444 (5A) of the Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 12 August 2026 and are signed on its behalf by:

O'brien, Julian O'brien, Julian Director |

Company registration number 15902087

# Notes to the Financial Statements

For the period 16 August 2024 to 31 December 2025

### 1. Statutory information

The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling and this is the functional currency of the company.

### 2. Accounting policies

### 2.1. Basis of preparation

The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.

### 2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

### 2.3. Pensions

### Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

### 2.4. Foreign currencies

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

### 2.5. Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

### 2.6. Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

### 2.7. Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Rate
Method
%
Office and computer equipment
33
Straight-line

### 2.8. Financial instruments

### Election and recognition

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

### Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

### Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

### Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

### Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

### Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

### Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

### Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

### Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

### 3. Employees

The average number of employees during the year was 2.

### 4. Tangible fixed assets

Office equipment
Total
£
£
Cost
Additions
10,639
10,639
At 31 December 2025
10,639
10,639
Depreciation and impairment
Charge for the period
4,816
4,816
At 31 December 2025
4,816
4,816
Net book value
At 31 December 2025
5,823
5,823

### 5. Debtors

2025
£
Other debtors
22,478
Total due within one year
22,478
Amounts owed by group undertakings
1,970,057
Other debtors
16,848
Total due after one year
1,986,905
Total
2,009,383

### 6. Creditors due within one year

2025
£
Trade creditors
61,117
Other creditors
1,127,867
Directors loan account
475,731
Accruals and deferred income
2,645
Total
1,667,360

### 7. Creditors due after one year

2025
£
Other creditors
384,846
Total
384,846