Percussion Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13855791

Percussion Group Limited

Filleted Unaudited Financial Statements

31 December 2025

Percussion Group Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Percussion Group Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	4,603	8,853
Investments	6	114	114
		-------	-------
		4,717	8,967

Current assets

Debtors	7	61,234	212,602
Cash at bank and in hand		2,728	632
		--------	---------
		63,962	213,234

Creditors: amounts falling due within one year	8	67,747		202,940
		--------		---------
Net current (liabilities)/assets			( 3,785)	10,294
			-------	--------
Total assets less current liabilities			932	19,261
			----	--------
Net assets			932	19,261
			----	--------

Capital and reserves

Called up share capital	114	114
Profit and loss account	818	19,147
	----	--------
Shareholders funds	932	19,261
	----	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Percussion Group Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 3 September 2026 , and are signed on behalf of the board by:

A T Klokkou

Director

Company registration number: 13855791

Percussion Group Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Civic Centre, Eighth Floor, Castle Hill Avenue, Folkestone, Kent, CT20 2QY, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis which relies upon the continuing support of the directors. The directors have confirmed that it is their intention to continue to support the company.

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Motor vehicles	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year, including the directors, amounted to 2 (2024: 2).

5. Tangible assets

	Motor vehicles
	£
Cost
At 1 January 2025 and 31 December 2025	16,999
	--------
Depreciation
At 1 January 2025	8,146
Charge for the year	4,250
	--------
At 31 December 2025	12,396
	--------
Carrying amount
At 31 December 2025	4,603
	--------
At 31 December 2024	8,853
	--------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2025 and 31 December 2025	114
	----
Impairment
At 1 January 2025 and 31 December 2025	–
	----

Carrying amount
At 31 December 2025	114
	----
At 31 December 2024	114
	----

The investment relates to 100% share capital of Sleeping Giant Media Limited, Pocket Giant Limited and Giant Campus Limited.

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	61,234	212,602
	--------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	2,580
Amounts owed to group undertakings and undertakings in which the company has a participating interest	65,297	198,100
Other creditors	2,450	2,260
	--------	---------
	67,747	202,940
	--------	---------