Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-272023-04-27true2false22022-04-28trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00623072 2022-04-28 2023-04-27 00623072 2021-04-28 2022-04-27 00623072 2023-04-27 00623072 2022-04-27 00623072 c:CompanySecretary1 2022-04-28 2023-04-27 00623072 c:Director1 2022-04-28 2023-04-27 00623072 c:Director2 2022-04-28 2023-04-27 00623072 c:RegisteredOffice 2022-04-28 2023-04-27 00623072 d:CurrentFinancialInstruments 2023-04-27 00623072 d:CurrentFinancialInstruments 2022-04-27 00623072 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-27 00623072 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-27 00623072 d:ShareCapital 2023-04-27 00623072 d:ShareCapital 2022-04-27 00623072 d:RetainedEarningsAccumulatedLosses 2023-04-27 00623072 d:RetainedEarningsAccumulatedLosses 2022-04-27 00623072 c:OrdinaryShareClass1 2022-04-28 2023-04-27 00623072 c:OrdinaryShareClass1 2023-04-27 00623072 c:OrdinaryShareClass1 2022-04-27 00623072 c:OrdinaryShareClass2 2022-04-28 2023-04-27 00623072 c:OrdinaryShareClass2 2023-04-27 00623072 c:OrdinaryShareClass2 2022-04-27 00623072 c:FRS102 2022-04-28 2023-04-27 00623072 c:AuditExempt-NoAccountantsReport 2022-04-28 2023-04-27 00623072 c:FullAccounts 2022-04-28 2023-04-27 00623072 c:PrivateLimitedCompanyLtd 2022-04-28 2023-04-27 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 00623072







MARIGOLD MUSIC LIMITED
 
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 APRIL 2023

 
MARIGOLD MUSIC LIMITED
 

COMPANY INFORMATION


DIRECTORS
A L C Broadberry 
S J Miles 




COMPANY SECRETARY
B. H. Company Secretarial Services



REGISTERED NUMBER
00623072



REGISTERED OFFICE
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BN





 
MARIGOLD MUSIC LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 4


 
MARIGOLD MUSIC LIMITED
REGISTERED NUMBER: 00623072

BALANCE SHEET
AS AT 27 APRIL 2023

2023
2022
Note
£
£

  

CURRENT ASSETS
  

Debtors
 4 
1,029
2,887

Cash at bank and in hand
  
862,510
704,137

  
863,539
707,024

Creditors: amounts falling due within one year
 5 
(50,803)
(72,708)

NET ASSETS
  
 
 
812,736
 
 
634,316


CAPITAL AND RESERVES
  

Allotted, called up and fully paid share capital
 6 
9,922
9,922

Profit and loss account
  
802,814
624,394

EQUITY SHAREHOLDER'S FUNDS
  
812,736
634,316


The directors consider 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 directors acknowledge their 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 Directors' Report and Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
19 October 2023.




A L C Broadberry
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
MARIGOLD MUSIC LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 APRIL 2023

1.


GENERAL INFORMATION

Marigold Music Limited (company number: 00623072), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN, and trading address at 2 Stone Buildings, Lincoln's Inn, London, WC2A 3TH is a private limited company incorporated in England and Wales. 

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 Financial Reporting Standard 102 Section 1A, 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

Statement of Cash Flows

The company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

 
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. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Debtors

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

 
2.5

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. 

Page 2

 
MARIGOLD MUSIC LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 APRIL 2023

2.ACCOUNTING POLICIES (continued)

 
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 and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors,
are measured, initially and subsequently, at the undiscounted amount of the cash or other
consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the Balance Sheet date.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. 

 
2.8

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. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

 
2.9

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. 

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet 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 Balance
Sheet date.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3

 
MARIGOLD MUSIC LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 APRIL 2023

4.


DEBTORS

2023
2022
£
£

Due within one year

Other debtors
1,029
2,887



5.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,981
2,093

Corporation tax
43,028
65,415

Accruals and deferred income
5,794
5,200

50,803
72,708



6.


SHARE CAPITAL

2023
2022
£
£
Allotted, called up and fully paid



9,900 (2022 - 9,900) 'A' Ordinary Shares shares of £1.00 each
9,900
9,900
22 (2022 - 22) 'B' Ordinary Shares of £1.00 each
22
22

9,922

9,922


''B' Ordinary shares carry full voting rights.
'A' Ordinary shares carry restricted voting rights. Their vote can only be heard at a general meeting if a resolution is proposed regarding:
a) winding up of a company;
b) reduction of the capital in the company;
c) variation of the rights attached to 'A' ordinary shares.
On these occasions, the 'A' Ordinary shares rank pari passu with the 'B' Ordinary shares with regard to voting rights.



7.


RELATED PARTY TRANSACTIONS

Dividends of £Nil (2022: £16,155) paid during the year have been paid to the shareholder of the company.


Page 4