Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false22022-05-01The principal activity of the company continued to be that of artist management2truetrue 09001779 2022-05-01 2023-04-30 09001779 2021-05-01 2022-04-30 09001779 2023-04-30 09001779 2022-04-30 09001779 c:Director1 2022-05-01 2023-04-30 09001779 d:OfficeEquipment 2022-05-01 2023-04-30 09001779 d:OfficeEquipment 2023-04-30 09001779 d:OfficeEquipment 2022-04-30 09001779 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 09001779 d:CurrentFinancialInstruments 2023-04-30 09001779 d:CurrentFinancialInstruments 2022-04-30 09001779 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09001779 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 09001779 d:ShareCapital 2023-04-30 09001779 d:ShareCapital 2022-04-30 09001779 d:RetainedEarningsAccumulatedLosses 2023-04-30 09001779 d:RetainedEarningsAccumulatedLosses 2022-04-30 09001779 c:OrdinaryShareClass1 2022-05-01 2023-04-30 09001779 c:OrdinaryShareClass1 2023-04-30 09001779 c:OrdinaryShareClass1 2022-04-30 09001779 c:OrdinaryShareClass2 2022-05-01 2023-04-30 09001779 c:OrdinaryShareClass2 2023-04-30 09001779 c:OrdinaryShareClass2 2022-04-30 09001779 c:FRS102 2022-05-01 2023-04-30 09001779 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 09001779 c:FullAccounts 2022-05-01 2023-04-30 09001779 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 09001779 2 2022-05-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09001779














ECHO BEACH MANAGEMENT LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

 
ECHO BEACH MANAGEMENT LTD
REGISTERED NUMBER:09001779

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
502
670

  
502
670

Current assets
  

Debtors: amounts falling due within one year
 5 
26,075
9,403

Cash at bank and in hand
 6 
468,259
449,583

  
494,334
458,986

Creditors: amounts falling due within one year
 7 
(86,687)
(117,849)

Net current assets
  
 
 
407,647
 
 
341,137

Total assets less current liabilities
  
408,149
341,807

Provisions for liabilities
  

Deferred tax
  
(126)
(168)

  
 
 
(126)
 
 
(168)

Net assets
  
408,023
341,639


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
407,923
341,539

  
408,023
341,639


Page 1

 
ECHO BEACH MANAGEMENT LTD
REGISTERED NUMBER:09001779
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

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 profit and loss account 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 by: 




J S A Hollywood
Director

Date: 20 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ECHO BEACH MANAGEMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Echo Beach Management Ltd is a private company, limited by shares, registered in England and Wales, registration number is 09001779. The registered address of the company is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be that of artist management.

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.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound 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 that relate to borrowings and cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
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. 

Turnover from artist management is recognised when it is probable the company will receive the rights to the consideration due under the contract.

 
2.4

Operating lease commitment

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

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

Page 3

 
ECHO BEACH MANAGEMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

 
2.8

 Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
ECHO BEACH MANAGEMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.9

 Debtors

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

 
2.10

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

 Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.  

 
2.12

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

 
2.13

 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.


3.


Employees

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

Page 5

 
ECHO BEACH MANAGEMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 May 2022
2,172



At 30 April 2023

2,172



Depreciation


At 1 May 2022
1,502


Charge for the year
168



At 30 April 2023

1,670



Net book value



At 30 April 2023
502



At 30 April 2022
670


5.


Debtors

2023
2022
£
£


Trade debtors
18,453
2,459

Other debtors
400
1

Prepayments and accrued income
7,222
6,943

26,075
9,403



6.


Cash

2023
2022
£
£

Cash at bank and in hand
468,259
449,583


Page 6

 
ECHO BEACH MANAGEMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

7.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
6,799
7,724

Corporation tax
56,470
76,218

Other taxation and social security
11,384
4,676

Other creditors
-
17,319

Accruals and deferred income
12,034
11,912

86,687
117,849



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



99 (2022 -99) ordinary shares of £1.00 each
99
99
1 (2022 -1) "A" ordinary share of £1.00 each
1
1

100

100



9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the company in an independantly administered fund. The pernsion cost charge represents contributions payable by the company to the fund and amounted to £40,000   (2022 - £102,833).


10.


Commitments under operating leases

The company had £5,040 (2022 - £NIL) commitments under the non-cancellable operating leases as at the balance sheet date.  


11.


Transactions with directors

During the year, the company repaid £17,319 to the directors (the company advanced £4,120 to the directors). As at the year end, the company owed £NIL (2022 -  £17,319) to the directors. The loan is unsecured, interest free and repayable on demand.
 

 
Page 7