2022-01-012022-12-312022-12-31false05656757DANMARK MUSIC GROUP LTD.2023-09-2959200iso4217:GBPxbrli:pure056567572022-01-01056567572022-12-31056567572022-01-012022-12-31056567572021-01-01056567572021-12-31056567572021-01-012021-12-3105656757bus:SmallEntities2022-01-012022-12-3105656757bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3105656757bus:FullAccounts2022-01-012022-12-3105656757bus:PrivateLimitedCompanyLtd2022-01-012022-12-3105656757core:WithinOneYear2022-12-3105656757core:AfterOneYear2022-12-3105656757core:WithinOneYear2021-12-3105656757core:AfterOneYear2021-12-3105656757core:ShareCapital2022-12-3105656757core:SharePremium2022-12-3105656757core:RevaluationReserve2022-12-3105656757core:OtherReservesSubtotal2022-12-3105656757core:RetainedEarningsAccumulatedLosses2022-12-3105656757core:ShareCapital2021-12-3105656757core:SharePremium2021-12-3105656757core:RevaluationReserve2021-12-3105656757core:OtherReservesSubtotal2021-12-3105656757core:RetainedEarningsAccumulatedLosses2021-12-3105656757core:LandBuildings2022-12-3105656757core:PlantMachinery2022-12-3105656757core:Vehicles2022-12-3105656757core:FurnitureFittings2022-12-3105656757core:OfficeEquipment2022-12-3105656757core:NetGoodwill2022-12-3105656757core:IntangibleAssetsOtherThanGoodwill2022-12-3105656757core:ListedExchangeTraded2022-12-3105656757core:UnlistedNon-exchangeTraded2022-12-3105656757core:LandBuildings2021-12-3105656757core:PlantMachinery2021-12-3105656757core:Vehicles2021-12-3105656757core:FurnitureFittings2021-12-3105656757core:OfficeEquipment2021-12-3105656757core:NetGoodwill2021-12-3105656757core:IntangibleAssetsOtherThanGoodwill2021-12-3105656757core:ListedExchangeTraded2021-12-3105656757core:UnlistedNon-exchangeTraded2021-12-3105656757core:LandBuildings2022-01-012022-12-3105656757core:PlantMachinery2022-01-012022-12-3105656757core:Vehicles2022-01-012022-12-3105656757core:FurnitureFittings2022-01-012022-12-3105656757core:OfficeEquipment2022-01-012022-12-3105656757core:NetGoodwill2022-01-012022-12-3105656757core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3105656757core:ListedExchangeTraded2022-01-012022-12-3105656757core:UnlistedNon-exchangeTraded2022-01-012022-12-3105656757core:MoreThanFiveYears2022-01-012022-12-3105656757core:Non-currentFinancialInstruments2022-12-3105656757core:Non-currentFinancialInstruments2021-12-3105656757dpl:CostSales2022-01-012022-12-3105656757dpl:DistributionCosts2022-01-012022-12-3105656757dpl:AdministrativeExpenses2022-01-012022-12-3105656757core:LandBuildings2022-01-012022-12-3105656757core:PlantMachinery2022-01-012022-12-3105656757core:Vehicles2022-01-012022-12-3105656757core:FurnitureFittings2022-01-012022-12-3105656757core:OfficeEquipment2022-01-012022-12-3105656757core:NetGoodwill2022-01-012022-12-3105656757core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3105656757dpl:GroupUndertakings2022-01-012022-12-3105656757dpl:ParticipatingInterests2022-01-012022-12-3105656757dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3105656757core:ListedExchangeTraded2022-01-012022-12-3105656757dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3105656757core:UnlistedNon-exchangeTraded2022-01-012022-12-3105656757dpl:CostSales2021-01-012021-12-3105656757dpl:DistributionCosts2021-01-012021-12-3105656757dpl:AdministrativeExpenses2021-01-012021-12-3105656757core:LandBuildings2021-01-012021-12-3105656757core:PlantMachinery2021-01-012021-12-3105656757core:Vehicles2021-01-012021-12-3105656757core:FurnitureFittings2021-01-012021-12-3105656757core:OfficeEquipment2021-01-012021-12-3105656757core:NetGoodwill2021-01-012021-12-3105656757core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3105656757dpl:GroupUndertakings2021-01-012021-12-3105656757dpl:ParticipatingInterests2021-01-012021-12-3105656757dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3105656757core:ListedExchangeTraded2021-01-012021-12-3105656757dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3105656757core:UnlistedNon-exchangeTraded2021-01-012021-12-3105656757core:NetGoodwill2022-12-3105656757core:IntangibleAssetsOtherThanGoodwill2022-12-3105656757core:LandBuildings2022-12-3105656757core:PlantMachinery2022-12-3105656757core:Vehicles2022-12-3105656757core:FurnitureFittings2022-12-3105656757core:OfficeEquipment2022-12-3105656757core:AfterOneYear2022-12-3105656757core:WithinOneYear2022-12-3105656757core:ListedExchangeTraded2022-12-3105656757core:UnlistedNon-exchangeTraded2022-12-3105656757core:ShareCapital2022-12-3105656757core:SharePremium2022-12-3105656757core:RevaluationReserve2022-12-3105656757core:OtherReservesSubtotal2022-12-3105656757core:RetainedEarningsAccumulatedLosses2022-12-3105656757core:NetGoodwill2021-12-3105656757core:IntangibleAssetsOtherThanGoodwill2021-12-3105656757core:LandBuildings2021-12-3105656757core:PlantMachinery2021-12-3105656757core:Vehicles2021-12-3105656757core:FurnitureFittings2021-12-3105656757core:OfficeEquipment2021-12-3105656757core:AfterOneYear2021-12-3105656757core:WithinOneYear2021-12-3105656757core:ListedEx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DANMARK MUSIC GROUP LTD.

Registered Number
05656757
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

DANMARK MUSIC GROUP LTD.
Company Information
for the year from 1 January 2022 to 31 December 2022

Director

HOUGESEN, Dan Bakkestroem

Registered Address

Watcombe Priors Lodge
Teignmouth Road
Torquay
TQ1 4SQ

Registered Number

05656757 (England and Wales)
DANMARK MUSIC GROUP LTD.
Balance Sheet as at
31 December 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets52,5853,231
2,5853,231
Current assets
Debtors6704,1841,407,485
Cash at bank and on hand246,395411,744
950,5791,819,229
Creditors amounts falling due within one year7(866,654)(1,712,245)
Net current assets (liabilities)83,925106,984
Total assets less current liabilities86,510110,215
Provisions for liabilities8(614)(616)
Net assets85,896109,599
Capital and reserves
Called up share capital100100
Profit and loss account85,796109,499
Shareholders' funds85,896109,599
The financial statements were approved and authorised for issue by the Director on 29 September 2023, and are signed on its behalf by:
HOUGESEN, Dan Bakkestroem
Director
Registered Company No. 05656757
DANMARK MUSIC GROUP LTD.
Notes to the Financial Statements
for the year ended 31 December 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20222021
Average number of employees during the year00
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 January 2233,55433,554
At 31 December 2233,55433,554
Depreciation and impairment
At 01 January 2230,32330,323
Charge for year646646
At 31 December 2230,96930,969
Net book value
At 31 December 222,5852,585
At 31 December 213,2313,231
6.Debtors

2022

2021

££
Trade debtors / trade receivables700,7971,405,325
Other debtors3,3872,160
Total704,1841,407,485
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2022

2021

££
Trade creditors / trade payables840,7691,685,547
Bank borrowings and overdrafts11,18811,188
Taxation and social security9,6099,461
Other creditors1,3331,333
Accrued liabilities and deferred income3,7554,716
Total866,6541,712,245
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Provisions for liabilities

2022

2021

££
Net deferred tax liability (asset)614616
Total614616