REGISTERED NUMBER: 01839115 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

FIREWORKS MUSIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E N Cox

T Prior

E R Winn

SECRETARY:

E M Prior

REGISTERED OFFICE:

First Floor, Jebsen House

53-61 High Street

Ruislip

Middlesex

HA4 7BD

REGISTERED NUMBER:

01839115 (England and Wales)

ACCOUNTANTS:

Sproull & Co.

Chartered Accountants

First Floor, Jebsen House

53-61 High Street

Ruislip

Middlesex

HA4 7BD

FIXED ASSETS

Tangible assets

4

45,336

53,337

CURRENT ASSETS

Debtors

5

75,796

153,925

Cash at bank

94,831

66,950

170,627

220,875

CREDITORS

Amounts falling due within one year

6

240,693

271,984

NET CURRENT LIABILITIES

(70,066

)

(51,109

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(24,730

)

2,228

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(24,732

)

2,226

SHAREHOLDERS' FUNDS

(24,730

)

2,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st October 2025 and were signed on its behalf by:

T Prior - Director

1.	STATUTORY INFORMATION

Fireworks Music Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The company meets its day to day working capital requirements through the support of its directors. The directors have confirmed that this support will continue to be made available for the foreseeable future.

Related party exemption

The company has taken advantage of the exemption available in accordance with the Financial Reporting Standard 102, Section 33.1A, 'Related Party Disclosures' not to disclose transactions entered and outstanding balances between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Taxation

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Royalties and production costs

Production costs are written off in their entirety in the period in which they fall due for payment. Provision is made for royalties payable on all receipts during the period. Credit is taken for royalties received at the date of receipt.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

and 31st December 2024

296,367

DEPRECIATION

At 1st January 2024

243,030

Charge for year

8,001

At 31st December 2024

251,031

NET BOOK VALUE

At 31st December 2024

45,336

At 31st December 2023

53,337

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

4

Amounts owed by group undertakings

70,345

140,812

Other debtors

5,451

13,109

75,796

153,925

The amounts owed by group undertakings are interest-free, unsecured and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

266

Amounts owed to group undertakings

193,642

197,656

Taxation and social security

499

5,289

Other creditors

46,552

68,773

240,693

271,984

The amounts owed to group undertakings are interest-free, unsecured and repayable on demand.

7.	SECURED DEBTS

The Royal Bank of Scotland Plc holds a fixed and floating charge over all the assets of the company.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

£

T Prior

Balance outstanding at start of year

13,108

8,442

Amounts advanced

-

4,666

Amounts repaid

(14,040

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(932

)

13,108

E R Winn

Balance outstanding at start of year

-

-

Amounts advanced

5,450

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,450

-

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is West One Music Group limited.