ACCOUNTS - Final Accounts preparation

Registered number: 12488455

DAY ONE SONGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

DAY ONE SONGS LIMITED

REGISTERED NUMBER: 12488455

BALANCE SHEET

AS AT 28 FEBRUARY 2026

		2026		2025
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	19,892		384
Cash at bank and in hand	5	27,572		5,540
		47,464		5,924
Creditors: amounts falling due within one year	6	(59,291)		(66,325)
Net current liabilities			(11,827)		(60,401)
Total assets less current liabilities			(11,827)		(60,401)

Net liabilities			(11,827)		(60,401)

Capital and reserves
Called up share capital	7	100	100
Share premium account	8	99,990	99,990
Profit and loss account	8	(111,917)	(160,491)
		(11,827)	(60,401)

DAY ONE SONGS LIMITED

REGISTERED NUMBER: 12488455

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2026

The director considers 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 director acknowledges his 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 director and were signed on its behalf by:

N J Shymansky

Director

Date: 14 September 2026

The notes on pages 3 to 6 form part of these financial statements.

DAY ONE SONGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

1.	General information

Day One Songs Limited is a private company, limited by shares, registered in England and Wales, registration number 12488455. During the year, the registered office address changed from 2nd Floor, Northumberland House, 303-306 High Holborn, London, WC1V 7JZ to 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

Going concern

The financial statements have been prepared on the going concern basis as the director has confirmed he will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the director is satisfied that the financial statements should be prepared on a going concern basis.

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue 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 the sound recording and music publishing activities is recognised when the related performance obligations are satisfied and it is probable that the company will be entitled to the consideration due under the contract.

2.5

Interest income

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

DAY ONE SONGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

2.Accounting policies (continued)

2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2.7

Taxation

Tax is recognised in the profit and loss account 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.

2.8

Debtors

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

2.9

Cash

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

2.10

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.

2.11

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 the director, during the year was 2 (2025 - 3).

DAY ONE SONGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Debtors

					2026	2025
					£	£


Other debtors	20	384
Accrued income	19,872	-
	19,892	384

5.	Cash
		2026	2025
		£	£

	Cash at bank	27,572	5,540

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

Trade creditors	-	770
Other creditors	48,791	47,555
Accruals	10,500	18,000
	59,291	66,325

7.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

90 (2025 - 90) A Ordinary shares of £1.00 each	90	90
10 (2025 - 10) B Ordinary shares of £1.00 each	10	10

	100	100

Reserves

Share premium account

The share premium account is a non-distributable reserve which represents the excess of proceeds received over the nominal value of the shares issued.

DAY ONE SONGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

9.	Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £NIL (2025 - £887).

10.	Transactions with the director

As at the year end, the company owed £19,555 (2025 - £19,555) to the director. The loan is unsecured interest free and repayable on demand.