Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31false11true2022-01-01ownership of music rightstrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02452689 2022-01-01 2022-12-31 02452689 2021-01-01 2021-12-31 02452689 2022-12-31 02452689 2021-12-31 02452689 c:Director1 2022-01-01 2022-12-31 02452689 d:CurrentFinancialInstruments 2022-12-31 02452689 d:CurrentFinancialInstruments 2021-12-31 02452689 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02452689 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 02452689 d:ShareCapital 2022-12-31 02452689 d:ShareCapital 2021-12-31 02452689 d:RetainedEarningsAccumulatedLosses 2022-12-31 02452689 d:RetainedEarningsAccumulatedLosses 2021-12-31 02452689 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 02452689 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-12-31 02452689 c:OrdinaryShareClass1 2022-01-01 2022-12-31 02452689 c:OrdinaryShareClass1 2022-12-31 02452689 c:OrdinaryShareClass1 2021-12-31 02452689 c:FRS102 2022-01-01 2022-12-31 02452689 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 02452689 c:FullAccounts 2022-01-01 2022-12-31 02452689 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02452689









PORTOBELLO MUSIC PUBLISHING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
PORTOBELLO MUSIC PUBLISHING LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 3


 
PORTOBELLO MUSIC PUBLISHING LIMITED
REGISTERED NUMBER: 02452689

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
3,383
1,998

  
3,383
1,998

Creditors: amounts falling due within one year
 5 
(23,137)
(17,745)

Net current liabilities
  
 
 
(19,754)
 
 
(15,747)

Total assets less current liabilities
  
(19,754)
(15,747)

  

Net liabilities
  
(19,754)
(15,747)


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
(19,756)
(15,749)

  
(19,754)
(15,747)


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: 

................................................
E Abraham
Director

Date: 18 October 2023

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
PORTOBELLO MUSIC PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Portobello Music Publishing Limited is a private company, limited by shares, incorporated in England and Wales with registration number 02452689. The registered office address is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The director has reviewed the working capital requirements of the company and its parent company has agreed to provide such support to the company as is necessary for it to meet its liabilities for a period of at least twelve months from the date of signing these financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

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 and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

  
2.7

Related party transaction exemption

The company has taken advantage of the exemption within Financial Reporting Standard 102 - Section 1A, in respect of companies that are wholly owned within the group.

Page 2

 
PORTOBELLO MUSIC PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.


Employees

The average monthly number of employees, including non-payrolled director, during the year was 1 (2021 - 1).


4.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
3,383
1,998



5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Amounts owed to group company
17,989
12,825

Accruals and deferred income
5,148
4,920

23,137
17,745



6.


Financial instruments

2022
2021
£
£

Financial assets


Financial assets measured at fair value through profit or loss
3,383
1,998




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



2 (2021 - 2) Ordinary shares of £1 each
2
2


Page 3