Company Registration No. 02784834 (England and Wales)
Music Managers Forum Limited
Unaudited accounts
for the year ended 31 March 2023
Music Managers Forum Limited
Unaudited accounts
Contents
Music Managers Forum Limited
Company Information
for the year ended 31 March 2023
Directors
Charlie Carne
Paul Craig
Kwame Kwaten
Steven Braines
Annabella Coldrick
Elinore Giles
Sammy Andrews
Jill Hollywood
Sumit Bothra
Kerry Harvey-Piper
Vicky Dowdall
Nike Durosaro
Sandy Dworniak
Karl Nielson
Ross Patel
Niamh Byrne
Stephen Taverner
Clare Wright
Company Number
02784834 (England and Wales)
Registered Office
7 Bell Yard
London
WC2A 2JR
Music Managers Forum Limited
Statement of financial position
as at 31 March 2023
Tangible assets
1,690
2,694
Cash at bank and in hand
861,482
853,046
Creditors: amounts falling due within one year
(355,855)
(408,114)
Net current assets
547,570
450,859
Net assets
549,260
453,553
Profit and loss account
549,260
453,553
Members' funds
549,260
453,553
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2023 and were signed on its behalf by
Charlie Carne
Director
Company Registration No. 02784834
Music Managers Forum Limited
Notes to the Accounts
for the year ended 31 March 2023
Music Managers Forum Limited is a private company, limited by guarantee, registered in England and Wales, registration number 02784834. The registered office is 7 Bell Yard, London, WC2A 2JR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The board has decided to make a provision of £425,000 to reserves.
Music Managers Forum Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Total
5
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
In the opinion of the directors, the company is controlled by its members.
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Average number of employees
During the year the average number of employees was 7 (2022: 6).