ACCOUNTS - Final Accounts preparation

Registered number: 01788200

STARDUST MUSIC WORLDWIDE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025


STARDUST MUSIC WORLDWIDE LIMITED REGISTERED NUMBER:01788200

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		802		802
			802		802
Current assets
Debtors: amounts falling due within one year	5	95,387		123,782
Cash at bank	6	29,918		59,823
		125,305		183,605
Creditors: amounts falling due within one year	7	(138,666)		(178,801)
Net current (liabilities)/assets			(13,361)		4,804
Total assets less current liabilities			(12,559)		5,606

Net (liabilities)/assets			(12,559)		5,606

Capital and reserves
Called up share capital	8	6	6
Profit and loss account		(12,565)	5,600
		(12,559)	5,606

Page 1


STARDUST MUSIC WORLDWIDE LIMITED REGISTERED NUMBER:01788200

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

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:

D A Stewart

Director

Date: 14 November 2025

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

Page 2


STARDUST MUSIC WORLDWIDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Stardust Music Worldwide Limited is a private company, limited by shares, registered in England and Wales, registration number 01788200. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of the production of sound recordings.

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 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.

2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Going concern

The director has reviewed the financial circumstances of the company and confirms that it continues to receive support from its director. The director is satisfied that the company will be able to meet its financial obligations for at least 12 months from the date of signing of the financial statements, which have been prepared on the going concern basis.

2.4

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 year 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 borrowings and cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit and loss account.

Page 3


STARDUST MUSIC WORLDWIDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover 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 production of sound recordings is recognised when it is probable the company will receive the rights to the consideration due under the contract.

Royalties receivable are recognised in the accounting year in which it was received per the royalty statements. Royalties payable are calculated by reference to statements of account used for determining royalties receivable.

2.6

Interest income

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

2.7

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 in the countries where the company operates and generates income.

2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash

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

2.11

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.

2.12

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, other creditors and loans with related parties.

Page 4


STARDUST MUSIC WORLDWIDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Employees

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

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 April 2024	802
	At 31 March 2025	802

Subsidiary undertakings
The following were subsidiary undertakings of the company:
Name	Principal activity	Class of shares	Holding

Seven Dials Films Limited	Dormant	Ordinary	79.9%
Musicmail Limited	Dormant	Ordinary	100%
Quietly Confident Records Limited	Music recording	Ordinary	50%
Honest Productions Limited*	Production and exploitation of the film	Ordinary	79.9%

*Held indirectly

Debtors

					2025	2024
					£	£


Trade debtors	1,564	1,603
Amounts owed by group undertakings	89,496	99,520
Other debtors	1,556	914
Prepayments and accrued income	2,771	21,745
	95,387	123,782

6.	Cash
		2025	2024
		£	£

	Cash at bank	29,918	59,823

Page 5


STARDUST MUSIC WORLDWIDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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

Other creditors	133,166	171,615
Accruals	5,500	7,186
	138,666	178,801

D A Phillips & Co Ltd and Coutts & Company hold a charge over the assets of the company in respect of all the amounts due from the company.

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

6 (2024 - 6) ordinary shares of £1 each each	6	6

9.	Transactions with the director

As at the year end, the company owed to the director £112,807 (2024 - £171,615). The loan is interest free, unsecured and repayable on demand.

10.	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.

Page 6