ACCOUNTS - Final Accounts preparation

Registered number: 01867419

QUIETLY CONFIDENT RECORDS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025


QUIETLY CONFIDENT RECORDS LIMITED REGISTERED NUMBER:01867419

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	79,617		17,989
Cash at bank	5	15,036		88,443
		94,653		106,432
Creditors: amounts falling due within one year	6	(129,967)		(127,460)
Net current liabilities			(35,314)		(21,028)
Total assets less current liabilities			(35,314)		(21,028)

Net liabilities			(35,314)		(21,028)

Capital and reserves
Called up share capital	7	2	2
Profit and loss account		(35,316)	(21,030)
		(35,314)	(21,028)

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 2 to 4 form part of these financial statements.

Page 1


QUIETLY CONFIDENT RECORDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Quietly Confident Records Limited is a private company, limited by shares, registered in England and Wales, registration number 01867419. 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 music recording.

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

Functional and presentation currency

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

2.3

Going concern

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

2.4

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 music recording activity 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 statements of account used for determining royalties receivable.

2.5

Interest income

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

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.7

Cash

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

Page 2


QUIETLY CONFIDENT RECORDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

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.

2.9

Financial instruments

The company only enteres 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.

Employees

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

Debtors

					2025	2024
					£	£


Trade debtors	14,124	17,278
Amounts owed by connected entities	59,449	-
Other debtors	2,790	-
Prepayments	2,312	711
Tax recoverable	942	-
	79,617	17,989

5.	Cash
		2025	2024
		£	£

	Cash at bank	15,036	88,443

Page 3


QUIETLY CONFIDENT RECORDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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

Amounts owed to connected entities	13,247	27,989
Corporation tax	942	-
Other taxation and social security	1,997	1,966
Other creditors	-	3,421
Accruals	113,781	94,084
	129,967	127,460

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

2 (2024 - 2) ordinary shares of £1.00 each	2	2

8.	Transactions with the director

As at the year end, the director owed £2,790 (2024 - the company owed £3,421 to the director) to the company. This loan is unsecured, repayable on demand and the interest has been charged at the official rate.

Page 4