ACCOUNTS - Final Accounts preparation

Registered number: 12541608

PAXTONHOUSE SONGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

PAXTONHOUSE SONGS LIMITED

REGISTERED NUMBER: 12541608

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	412		516
Cash at bank	5	221,405		204,856
		221,817		205,372
Creditors: amounts falling due within one year	6	(4,321)		(5,358)
Net current assets			217,496		200,014
Total assets less current liabilities			217,496		200,014

Net assets			217,496		200,014

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		217,396	199,914
		217,496	200,014

PAXTONHOUSE SONGS LIMITED

REGISTERED NUMBER: 12541608

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:

C L Balsam

Director

Date: 18 August 2026

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

PAXTONHOUSE SONGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Paxtonhouse Songs Limited is a private company, limited by shares, registered in England and Wales, registration number 12541608. 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 sound recording and music publishing activities.

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 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 sound recording and music publishing activities is recognised when the related performance obligations are satisfied and it is probable the company will receive the rights to the consideration due under the contract.

2.4

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.

2.5

Debtors

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

2.6

Cash

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

PAXTONHOUSE SONGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

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

Employees

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

Debtors

					2026	2025
					£	£


Other debtors	412	516

5.	Cash
		2026	2025
		£	£

	Cash at bank	221,405	204,856

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

Trade creditors	-	3,090
Corporation tax	1,054	-
Other creditors	518	518
Accruals	2,749	1,750
	4,321	5,358

PAXTONHOUSE SONGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

7.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

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

8.	Transactions with the director

At the year end, the company owed £518 (2025 - £518) to the director. The loan is unsecured, interest free and repayable on demand.