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REGISTERED NUMBER: 04376067 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

QUAIVES MUSIC LIMITED

QUAIVES MUSIC LIMITED (REGISTERED NUMBER: 04376067)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUAIVES MUSIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: M B Wyatt
D E Wyatt





REGISTERED OFFICE: First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD





REGISTERED NUMBER: 04376067 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD

QUAIVES MUSIC LIMITED (REGISTERED NUMBER: 04376067)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,630 16,393
Investment property 5 593,579 574,885
606,209 591,278

CURRENT ASSETS
Debtors 6 25,895 26,306
Cash at bank 2,242,628 2,093,802
2,268,523 2,120,108
CREDITORS
Amounts falling due within one year 7 223,976 672,333
NET CURRENT ASSETS 2,044,547 1,447,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,650,756

2,039,053

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,650,755 2,039,052
SHAREHOLDERS' FUNDS 2,650,756 2,039,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

QUAIVES MUSIC LIMITED (REGISTERED NUMBER: 04376067)

BALANCE SHEET - continued
28TH FEBRUARY 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2023 and were signed on its behalf by:





M B Wyatt - Director


QUAIVES MUSIC LIMITED (REGISTERED NUMBER: 04376067)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023


1. STATUTORY INFORMATION

Quaives Music 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 value, net of added value added tax and discounts, of goods provided to cutomers and work carried out in respect of services provided to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

QUAIVES MUSIC LIMITED (REGISTERED NUMBER: 04376067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2022 59,355
Additions 212
At 28th February 2023 59,567
DEPRECIATION
At 1st March 2022 42,962
Charge for year 3,975
At 28th February 2023 46,937
NET BOOK VALUE
At 28th February 2023 12,630
At 28th February 2022 16,393

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2022 574,885
Additions 18,694
At 28th February 2023 593,579
NET BOOK VALUE
At 28th February 2023 593,579
At 28th February 2022 574,885

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,000 15,000
Other debtors 10,895 11,306
25,895 26,306

QUAIVES MUSIC LIMITED (REGISTERED NUMBER: 04376067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 39,218 39,218
Taxation and social security 174,161 617,454
Other creditors 10,597 15,661
223,976 672,333