The Sneering Jester's Record Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08610747

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,489,448		1,468,713
Investments	5		212,816		164,816

			1,702,264		1,633,529
CURRENT ASSETS
Debtors	6	301,121		328,609
Cash at bank and in hand		174,056		102,987

		475,177		431,596
Creditors: Amounts Falling Due Within One Year	7	(2,478 )		(2,319 )

NET CURRENT ASSETS (LIABILITIES)			472,699		429,277

TOTAL ASSETS LESS CURRENT LIABILITIES			2,174,963		2,062,806

NET ASSETS			2,174,963		2,062,806

CAPITAL AND RESERVES
Called up share capital	8		161,998		161,998
Profit and Loss Account			2,012,965		1,900,808

SHAREHOLDERS' FUNDS			2,174,963		2,062,806

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The Sneering Jester's Record Company Limited

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company 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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Samuele Nannoni

Director

22/09/2026

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

1. General Information

The Sneering Jester's Record Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08610747 . The registered office is 19 The Circle, Queen Elizabeth Street, London, SE1 2JE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover 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.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	0% on cost
Motor Vehicles	15% on cost
Fixtures & Fittings	25% on cost

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: NIL)

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The Sneering Jester's Record Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 August 2024	1,455,216	19,995	5,607	1,480,818
Additions	23,735	-	-	23,735

As at 31 July 2025	1,478,951	19,995	5,607	1,504,553

Depreciation
As at 1 August 2024	-	6,498	5,607	12,105
Provided during the period	-	3,000	-	3,000

As at 31 July 2025	-	9,498	5,607	15,105

Net Book Value
As at 31 July 2025	1,478,951	10,497	-	1,489,448

As at 1 August 2024	1,455,216	13,497	-	1,468,713

5. Investments

	Listed	Unlisted	Other	Total
	£	£	£	£
Cost or Valuation
As at 1 August 2024	1,365	954	162,497	164,816
Additions	-	-	48,000	48,000

As at 31 July 2025	1,365	954	210,497	212,816

Provision
As at 1 August 2024	-	-	-	-

As at 31 July 2025	-	-	-	-

Net Book Value
As at 31 July 2025	1,365	954	210,497	212,816

As at 1 August 2024	1,365	954	162,497	164,816

Investments represents the following:-

1) 100% shareholding in Abraxas Malta USD 1,499 equivalent to £954.

2) 50% shareholding in DFMK Singapore SGD 3,000 equivalent to £1,365.

3) 100% shareholding in Song Cycle Ltd £161,997.

4) 100% shareholding in IT Lyra Ltd £48,500.

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The Sneering Jester's Record Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	5,062	7,179
Advance for Investement	-	23,735
Shareholders loan account.	9,365	-
Directors' loan accounts	8,191	8,191
Amounts owed by group undertakings	278,503	289,504

	301,121	328,609

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	159	-
Loan for Investment in Abraxas Malta and DFMK	2,319	2,319

	2,478	2,319

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	161,998	161,998

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 August 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 July 2025
	£	£	£	£	£
Mr Daniele Nannoni	8,191	-	-	-	8,191

The above loan is unsecured, interest free and repayable on demand.

10. Ultimate Controlling Party

The company's ultimate controlling party is Mr Daniele Nannoni by virtue of his ownership of 75% or more of the issued share capital in the company.

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