Madhead Music Ltd

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

Registered number: 14242866

		2026		2025
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	5	100		100
Cash at bank and in hand		188		-

		288		100
Creditors: Amounts Falling Due Within One Year	6	(3,791 )		-

NET CURRENT ASSETS (LIABILITIES)			(3,503 )		100

TOTAL ASSETS LESS CURRENT LIABILITIES			(3,503 )		100

NET (LIABILITIES)/ASSETS			(3,503 )		100

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(3,603 )		-

SHAREHOLDERS' FUNDS			(3,503)		100

For the year ending 31 July 2026 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

Miss J K Saleh

Director

5 October 2026

The notes on pages 2 to 3 form part of these financial statements.

1. Revision by Replacement

The financial statements for the year ended 31 July 2026 have been revised.

These financial statements:

replace the original financial statements;
are now the statutory financial statements;
have been prepared as at the date of the original financial statements, and not as at the date of the revision and accordingly do not deal with events between those dates.

The previous financial statements where incorrectly filed as dormant accounts.

There are no significant amendments to the original accounts.

2. General Information

Madhead Music Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14242866 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

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.

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'.

3.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

3.3. 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.

3.4. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

3.5. Illegal Dividend

When the dividends where issued the directors where unaware this would create a negative balance sheet. No further dividends will be taken until the balance sheet in positive.

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Madhead Music Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2026

4. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: )

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	100	100

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Other creditors	2,384	-
Taxation and social security	1,407	-

	3,791	-

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

8. Directors Advances, Credits and Guarantees

No director received advances, credits or guarantees during the current or previous accounting periods.

9. Related Party Transactions

The following related party transactions were undertaken during the year:

A director withdrew £5,300, Introduced £520 and received dividends totalling £4,800. At the balance sheet date the amount owed to the director was £20.

Dividends were paid to the directors in respect of their shareholdings totalling £9,600.

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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