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 2006.12022-01-01false1true 00858749 2022-01-01 2023-03-31 00858749 2021-01-01 2021-12-31 00858749 2023-03-31 00858749 2021-12-31 00858749 c:Director1 2022-01-01 2023-03-31 00858749 d:CurrentFinancialInstruments 2023-03-31 00858749 d:CurrentFinancialInstruments 2021-12-31 00858749 d:Non-currentFinancialInstruments 2023-03-31 00858749 d:Non-currentFinancialInstruments 2021-12-31 00858749 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00858749 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 00858749 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 00858749 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 00858749 d:ShareCapital 2023-03-31 00858749 d:ShareCapital 2021-12-31 00858749 d:RetainedEarningsAccumulatedLosses 2023-03-31 00858749 d:RetainedEarningsAccumulatedLosses 2021-12-31 00858749 c:FRS102 2022-01-01 2023-03-31 00858749 c:AuditExempt-NoAccountantsReport 2022-01-01 2023-03-31 00858749 c:FullAccounts 2022-01-01 2023-03-31 00858749 c:PrivateLimitedCompanyLtd 2022-01-01 2023-03-31 00858749 2 2022-01-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 00858749










JONJO MUSIC COMPANY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
JONJO MUSIC COMPANY LIMITED
REGISTERED NUMBER: 00858749

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
31 December
2023
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
54,603
55,815

Cash at bank and in hand
  
47,349
27,519

  
101,952
83,334

Creditors: amounts falling due within one year
 5 
(77,926)
(71,824)

Net current assets
  
 
 
24,026
 
 
11,510

Total assets less current liabilities
  
24,026
11,510

Creditors: amounts falling due after more than one year
  
(9,583)
-

  

Net assets
  
14,443
11,510


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
14,343
11,410

  
14,443
11,510


Page 1

 
JONJO MUSIC COMPANY LIMITED
REGISTERED NUMBER: 00858749
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 income and retained earnings 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: 




K G King
Director

Date: 17 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JONJO MUSIC COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Jonjo Music Company Limited is a private company limited by shares and incorporated in England & Wales (00858749). The registered office is 14th Floor, 33 Cavendish Square, London, England, W1G 0PW.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Royalty income is recognised as it becomes receivable based on the terms of the underlying agreements.

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
JONJO MUSIC COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.

 
2.6

Debtors

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

 
2.7

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.

 
2.8

Creditors

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

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing
Page 4

 
JONJO MUSIC COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2021 - 1).


4.


Debtors

31 March
31 December
2023
2021
£
£


Other debtors
54,603
55,786

Prepayments and accrued income
-
29

54,603
55,815



5.


Creditors: Amounts falling due within one year

31 March
31 December
2023
2021
£
£

Trade creditors
599
599

Corporation tax
688
745

Other creditors
69,316
64,430

Accruals and deferred income
7,323
6,050

77,926
71,824


Page 5

 
JONJO MUSIC COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due after more than one year

31 March
31 December
2023
2021
£
£

Accruals and deferred income
9,583
-



7.


Related party transactions

Included in other creditors is a loan to the value of £nil (2021 - £2,123) owed to the director of the company. The loan is interest free and repayable on demand.
                                                         
Within other debtors is an amount owed to the value of £54,184 (2021 - £55,384) from a connected company. This amount is interest free and repayable on demand. 
Within other creditors are amounts owed to the value to other companies under common control amounting to £69,316 (2021 - £62,307). These amounts are interest free and repayable on demand.

 
Page 6