ACCOUNTS - Final Accounts

Registered number: 00970712

HONORABLE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025


HONORABLE LIMITED REGISTERED NUMBER:00970712

BALANCE SHEET

AS AT 31 JANUARY 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	559		16
Cash at bank and in hand	5	11,400		12,023
		11,959		12,039
Creditors: amounts falling due within one year	6	(4,549)		(4,295)
Net current assets			7,410		7,744
Total assets less current liabilities			7,410		7,744

Net assets			7,410		7,744

Capital and reserves
Called up share capital	7	10,000	10,000
Profit and loss account		(2,590)	(2,256)
		7,410	7,744

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 board and were signed on its behalf by:

P D B Townshend

Director

Date: 28 July 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1


HONORABLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.	General information

Honorable Limited is a private company, limited by shares, registered in England and Wales, registration number 00970712. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activities of the company continued to be those of recording studio proprietors, employment of entertainers services and film makers and producers.
The company has not traded during the year.

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 Section 1A of the FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.

2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss account.

2.3

Interest income

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

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.

Page 2


HONORABLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

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.

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 related parties transactions.

Employees

The average monthly number of employees, including the director, during the year was 1 (2024 - 1).

Debtors

					2025	2024
					£	£


Other debtors	-	16
Prepayments	559	-
	559	16

5.	Cash
		2025	2024
		£	£

	Cash at bank and in hand	11,400	12,023

6.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Trade creditors	18	-
Corporation tax	25	-
Other creditors	4,506	4,295
	4,549	4,295

Page 3


HONORABLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

10,000 (2024 - 10,000) Ordinary shares of £1.00 each	10,000	10,000

8.	Related party transactions
	No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35, as the company is itself a wholly owned subsidiary of Extended Play Limited.

Page 4