Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31true2021-01-01falseThe principal activity of the company continued to be that of music management.11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09346376 2021-01-01 2021-12-31 09346376 2020-01-01 2020-12-31 09346376 2021-12-31 09346376 2020-12-31 09346376 c:Director1 2021-01-01 2021-12-31 09346376 d:OfficeEquipment 2021-01-01 2021-12-31 09346376 d:OfficeEquipment 2021-12-31 09346376 d:OfficeEquipment 2020-12-31 09346376 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 09346376 d:ComputerEquipment 2021-01-01 2021-12-31 09346376 d:ComputerEquipment 2021-12-31 09346376 d:ComputerEquipment 2020-12-31 09346376 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 09346376 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 09346376 d:CurrentFinancialInstruments 2021-12-31 09346376 d:CurrentFinancialInstruments 2020-12-31 09346376 d:Non-currentFinancialInstruments 2021-12-31 09346376 d:Non-currentFinancialInstruments 2020-12-31 09346376 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 09346376 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 09346376 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 09346376 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 09346376 d:ShareCapital 2021-12-31 09346376 d:ShareCapital 2020-12-31 09346376 d:RetainedEarningsAccumulatedLosses 2021-12-31 09346376 d:RetainedEarningsAccumulatedLosses 2020-12-31 09346376 c:OrdinaryShareClass1 2021-01-01 2021-12-31 09346376 c:OrdinaryShareClass1 2021-12-31 09346376 c:OrdinaryShareClass1 2020-12-31 09346376 c:FRS102 2021-01-01 2021-12-31 09346376 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 09346376 c:FullAccounts 2021-01-01 2021-12-31 09346376 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 09346376 2 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09346376














MOTION MANAGEMENT LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

 
MOTION MANAGEMENT LIMITED
REGISTERED NUMBER:09346376

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,421
1,760

  
2,421
1,760

Current assets
  

Debtors: amounts falling due within one year
 5 
136,640
64,753

Cash at bank
 6 
83,070
109,324

  
219,710
174,077

Creditors: amounts falling due within one year
 7 
(53,156)
(30,416)

Net current assets
  
 
 
166,554
 
 
143,661

Total assets less current liabilities
  
168,975
145,421

Creditors: amounts falling due after more than one year
 8 
(419)
-

Provisions for liabilities
  

Deferred tax
  
(605)
(299)

  
 
 
(605)
 
 
(299)

Net assets
  
167,951
145,122


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
167,950
145,121

  
167,951
145,122


Page 1

 
MOTION MANAGEMENT LIMITED
REGISTERED NUMBER:09346376
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

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 statement of comprehensive income 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: 




G R Motion
Director

Date: 18 August 2022

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MOTION MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Motion Management Limited is a private company, limited by shares, registered in England and Wales, registration number 09346376. 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 management.

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 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 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 are presented in the Statement of comprehensive income within 'administration expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

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. 

Tunover from music management services is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Recharged income is recognised when the significant risks and rewards of ownership have been transferred to the buyer. 

 
2.4

Interest income

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

Page 3

 
MOTION MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
MOTION MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.8

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.

 
2.9

 Cash

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

 
2.10

 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.

 
2.11

 Financial instruments

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

 
2.12

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2020 - 1).  

Page 5

 
MOTION MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2021
1,602
2,408
4,010


Additions
1,160
291
1,451



At 31 December 2021

2,762
2,699
5,461



Depreciation


At 1 January 2021
1,197
1,053
2,250


Charge for the year 
391
399
790



At 31 December 2021

1,588
1,452
3,040



Net book value



At 31 December 2021
1,174
1,247
2,421



At 31 December 2020
405
1,355
1,760


5.


Debtors

2021
2020
£
£


Trade debtors
50,894
21,031

Other debtors
67,929
27,203

Prepayments and accrued income
17,817
16,519

136,640
64,753



6.


Cash

2021
2020
£
£

Cash at bank
83,070
109,324


Page 6

 
MOTION MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Creditors: amounts falling due within one year

2021
2020
£
£

Trade creditors
1,875
327

Corporation tax
20,450
5,398

Other taxation and social security
14,324
9,805

Other creditors
387
-

Accruals and deferred income
16,120
14,886

53,156
30,416



8.


Creditors: amounts falling due after more than one year

2021
2020
£
£

Other creditors
419
-



9.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



1 (2020 - 1) Ordinary share of £1.00
1
1



10.


Pension commitments

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounting to £2,000 (2020 - £2,000).


11.


Transactions with the director

During the year, the company advanced £119,113 (2020 - £15,073) to the director of which £79,954 (2020 - £17,017) was repaid to the company. As at the year end, the director owed £66,363 (2020 - £27,203) to the company. The loan is unsecured, repayable on demand and interest has been charged at an official rate.

 
Page 7