Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue32022-03-01false3 01423575 2022-03-01 2023-02-28 01423575 2021-03-01 2022-02-28 01423575 2023-02-28 01423575 2022-02-28 01423575 c:Director2 2022-03-01 2023-02-28 01423575 d:CurrentFinancialInstruments 2023-02-28 01423575 d:CurrentFinancialInstruments 2022-02-28 01423575 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 01423575 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 01423575 d:ShareCapital 2023-02-28 01423575 d:ShareCapital 2022-02-28 01423575 d:RetainedEarningsAccumulatedLosses 2023-02-28 01423575 d:RetainedEarningsAccumulatedLosses 2022-02-28 01423575 c:OrdinaryShareClass1 2022-03-01 2023-02-28 01423575 c:OrdinaryShareClass1 2023-02-28 01423575 c:OrdinaryShareClass1 2022-02-28 01423575 c:FRS102 2022-03-01 2023-02-28 01423575 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 01423575 c:FullAccounts 2022-03-01 2023-02-28 01423575 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01423575














GOLDSHOWER LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
GOLDSHOWER LIMITED
REGISTERED NUMBER:01423575

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
6,507
5,198

Cash at bank and in hand
 5 
24,700
36,962

  
31,207
42,160

Creditors: amounts falling due within one year
 6 
(9,724)
(14,001)

Net current assets
  
 
 
21,483
 
 
28,159

Total assets less current liabilities
  
21,483
28,159

  

Net assets
  
21,483
28,159


Capital and reserves
  

Called up share capital 
 7 
1,000
1,000

Profit and loss account
  
20,483
27,159

  
21,483
28,159


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: 




P D B Townshend
Director

Date: 15 November 2023

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
GOLDSHOWER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Goldshower Limited is a private company, limited by shares, registered in England and Wales, registration number 01423575. The registered office address is Elsley Court, 20-22 Great Titchfield  Street, London, W1W 8BE.
The principal activity of the company is directly related to the music industry including the recording of artistes.

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

Going concern

The management has assesed the going concern of the company. As the royalty income stream for the company has ceased, the management has confirmed that the company will be dissolved. As such, it is deemed inappropriate to prepare the financial statements under the going concern basis. Instead, the financial statements have been prepared on a basis other than going concern.

 
2.3

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 and cash equivalents are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss. 

 
2.4

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. 

Royalties receivable are recognised at the period end date by the company.

Page 2

 
GOLDSHOWER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 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 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 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

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. 

 
2.9

Financial instruments

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


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Debtors

2023
2022
£
£


Trade debtors
2,445
3,192

Other debtors
4,062
2,006

6,507
5,198



5.


Cash

2023
2022
£
£

Cash at bank and in hand
24,700
36,962


Page 3

 
GOLDSHOWER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Creditors: amounts falling due within one year

2023
2022
£
£

Other creditors
9,261
14,001

Accruals and deferred income
463
-

9,724
14,001



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000

The rights attached to these shares are in accordance with those detailed per the company's Memorandum and Articles of Association.


 
Page 4