Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.32022-04-013No description of principal activityfalsetrue 10950529 2022-04-01 2023-03-31 10950529 2021-04-01 2022-03-31 10950529 2023-03-31 10950529 2022-03-31 10950529 c:Director2 2022-04-01 2023-03-31 10950529 d:CurrentFinancialInstruments 2023-03-31 10950529 d:CurrentFinancialInstruments 2022-03-31 10950529 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10950529 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10950529 d:ShareCapital 2023-03-31 10950529 d:ShareCapital 2022-03-31 10950529 d:RetainedEarningsAccumulatedLosses 2023-03-31 10950529 d:RetainedEarningsAccumulatedLosses 2022-03-31 10950529 c:OrdinaryShareClass1 2022-04-01 2023-03-31 10950529 c:OrdinaryShareClass1 2023-03-31 10950529 c:FRS102 2022-04-01 2023-03-31 10950529 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10950529 c:FullAccounts 2022-04-01 2023-03-31 10950529 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10950529 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10950529














REDBREAST PUBLISHING LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
REDBREAST PUBLISHING LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 5


 
REDBREAST PUBLISHING LIMITED
REGISTERED NUMBER:10950529

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
102,026
869

Cash at bank and in hand
  
1,344,472
2,058,354

  
1,446,498
2,059,223

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(477,267)
(359,571)

  

Net assets
  
969,231
1,699,652


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
969,131
1,699,552

  
969,231
1,699,652


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 statement of comprehensive income 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 on 17 November 2023.




J A Lang
Director

Page 1

 
REDBREAST PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Redbreast Publishing Limited is a private limited liability company incorporated in England and Wales with its registered office address and principal place of business at Suite 3, Old Kings Head Court, High Street, Dorking, Surrey, RH4 1AR.
 
The principal activity of the Company is that of music publishing.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Revenue

Revenue comprises royalties receivable, exclusive of Value Added Tax.
Royalties receivable are accounted for on a royalty earnings basis as part of turnover. Royalty advances which are non-recoupable are accounted for on a receipts basis. Recoupable advances are accounted for when earned. 

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

 
REDBREAST PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Debtors

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

 
2.6

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. 

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

 
2.8

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 and loans to related parties. 

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.10

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The Directors were the only employees during the current and preceding period.


4.


Debtors

2023
2022
£
£


Trade debtors
99,627
-

Other debtors
2,399
869

102,026
869


Page 3

 
REDBREAST PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
12,660
-

Taxation and social security
275,472
153,059

Other creditors
183,385
183,512

Accruals and deferred income
5,750
23,000

477,267
359,571


Page 4

 
REDBREAST PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100


 
Page 5