Company Registration No. 11277519 (England and Wales)
6NR FINANCE LIMITED
Unaudited accounts
for the period from 1 April 2022 to 30 September 2023
6NR FINANCE LIMITED
Unaudited accounts
Contents
6NR FINANCE LIMITED
Company Information
for the period from 1 April 2022 to 30 September 2023
Directors
S S C Kasolides
S Smith
S C Kazolides
Company Number
11277519 (England and Wales)
Registered Office
4 Porchester Terrace
London
W2 3TL
Accountants
Infinity Accountants
27 Coniston Gardens
Pinner
Middlesex
HA5 2JN
6NR FINANCE LIMITED
Statement of financial position
as at 30 September 2023
Tangible assets
1,572
3,459
Cash at bank and in hand
-
12
Creditors: amounts falling due within one year
(155,789)
(152,001)
Net current liabilities
(155,789)
(151,989)
Net liabilities
(154,217)
(148,530)
Called up share capital
200
200
Profit and loss account
(154,417)
(148,730)
Shareholders' funds
(154,217)
(148,530)
For the period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by
S C Kazolides
Director
Company Registration No. 11277519
6NR FINANCE LIMITED
Notes to the Accounts
for the period from 1 April 2022 to 30 September 2023
6NR FINANCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11277519. The registered office is 4 Porchester Terrace, London, W2 3TL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
At the balance sheet date the company had an excess of liabilities over its assets of £138,916.The directors are hopeful that income will start to be generated in the forthcoming years from the sale of its music, events and tours, until then the directors confirm they will continue to support the company.
Turnover is measured at the fair value of the consideration received or receivable. Turnover represents income receivable from the sale of music, events and tours.
Revenue in respect of music recording and ancillary services is recognised when either an event takes place or services are provided.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20 % RBM
6NR FINANCE LIMITED
Notes to the Accounts
for the period from 1 April 2022 to 30 September 2023
4
Tangible fixed assets
Computer equipment
At 30 September 2023
3,774
Charge for the period
1,887
At 30 September 2023
2,202
At 30 September 2023
1,572
5
Creditors: amounts falling due within one year
2023
2022
Other creditors
68,479
68,479
Loans from directors
86,360
78,783
6
Transactions with related parties
Included in other creditors is an amount owed to C&S Finance Limited in the sum of £68,479 (2022: £68,479). The loan is payable on demand. 6NR Finance Limited and C&S Finance Limited are connected by virtue of a common director.
7
Average number of employees
During the period the average number of employees was 3 (2022: 3).