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REGISTERED NUMBER: 07451472 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Cure Music International Limited

Cure Music International Limited (Registered number: 07451472)






Contents of the Financial Statements
for the Year Ended 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cure Music International Limited

Company Information
for the Year Ended 31 MARCH 2023







DIRECTOR: R J Smith





REGISTERED OFFICE: Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW





REGISTERED NUMBER: 07451472 (England and Wales)





ACCOUNTANTS: The Greene Partnership LLP
Chartered Accountants
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

Cure Music International Limited (Registered number: 07451472)

Balance Sheet
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,263 2,510
Investments 5 24 24
10,287 2,534

CURRENT ASSETS
Debtors 6 618,938 454,162
Cash at bank 666,907 668,180
1,285,845 1,122,342
CREDITORS
Amounts falling due within one year 7 627,928 605,951
NET CURRENT ASSETS 657,917 516,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

668,204

518,925

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 668,104 518,825
SHAREHOLDERS' FUNDS 668,204 518,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Cure Music International Limited (Registered number: 07451472)

Balance Sheet - continued
31 MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





R J Smith - Director


Cure Music International Limited (Registered number: 07451472)

Notes to the Financial Statements
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

Cure Music International 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.

Turnover
Turnover represents the net invoiced amount of royalties received and merchandising income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Musical equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Cure Music International Limited (Registered number: 07451472)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Musical
equipment
£   
COST
At 1 April 2022 17,861
Additions 11,174
At 31 March 2023 29,035
DEPRECIATION
At 1 April 2022 15,351
Charge for year 3,421
At 31 March 2023 18,772
NET BOOK VALUE
At 31 March 2023 10,263
At 31 March 2022 2,510

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 24
NET BOOK VALUE
At 31 March 2023 24
At 31 March 2022 24

The company is a member of CMI Live LLP.

The amount shown above represents capital introduced to the limited liability partnership.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 348,938 278,847
Director's loan account 270,000 -
Sundry loan - 175,000
VAT - 315
618,938 454,162

Cure Music International Limited (Registered number: 07451472)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other debtors include:
- an amount of £260,125 (2022: £194,672) due from Lost Music Limited, a company under the control of Mr R J Smith.

- an amount of £64,417 (2022: £44,417) due from Lost Images Ltd, a company under the control of Mr R J Smith.

The director's loan account was repaid on 5 May 2023.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 523,656 176,286
Tax 12,100 -
VAT 949 -
Other creditors 79,271 397,210
Directors' current accounts 1,952 22,455
Accrued expenses 10,000 10,000
627,928 605,951

Other creditors relate to an amount of £79,271 (2022: £397,210) due to Smith Music Company Limited, a company under the control of Mr R J Smith.

8. ULTIMATE CONTROLLING PARTY

The controlling party is R J Smith.