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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
Page
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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
Secretary
Charlie Carne
Company Number
02784834 (England and Wales)
Registered Office
7 Bell Yard London WC2A 2JR
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Music Managers Forum Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,690 
2,694 
Current assets
Debtors
41,943 
5,927 
Cash at bank and in hand
861,482 
853,046 
903,425 
858,973 
Creditors: amounts falling due within one year
(355,855)
(408,114)
Net current assets
547,570 
450,859 
Net assets
549,260 
453,553 
Reserves
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
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Music Managers Forum Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Foreign currencies
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.
Provisions
The board has decided to make a provision of £425,000 to reserves.
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Music Managers Forum Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
6,637 
Additions
438 
At 31 March 2023
7,075 
Depreciation
At 1 April 2022
3,943 
Charge for the year
1,442 
At 31 March 2023
5,385 
Net book value
At 31 March 2023
1,690 
At 31 March 2022
2,694 
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.
6
Controlling party
In the opinion of the directors, the company is controlled by its members.
7
Average number of employees
During the year the average number of employees was 7 (2022: 6).
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