Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07603226 2022-01-01 2022-12-31 07603226 2021-01-01 2021-12-31 07603226 2022-12-31 07603226 2021-12-31 07603226 c:Director1 2022-01-01 2022-12-31 07603226 d:CurrentFinancialInstruments 2022-12-31 07603226 d:CurrentFinancialInstruments 2021-12-31 07603226 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07603226 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 07603226 d:ShareCapital 2022-12-31 07603226 d:ShareCapital 2021-12-31 07603226 d:SharePremium 2022-01-01 2022-12-31 07603226 d:SharePremium 2022-12-31 07603226 d:SharePremium 2021-12-31 07603226 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 07603226 d:RetainedEarningsAccumulatedLosses 2022-12-31 07603226 d:RetainedEarningsAccumulatedLosses 2021-12-31 07603226 c:OrdinaryShareClass1 2022-01-01 2022-12-31 07603226 c:OrdinaryShareClass1 2022-12-31 07603226 c:OrdinaryShareClass1 2021-12-31 07603226 c:FRS102 2022-01-01 2022-12-31 07603226 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 07603226 c:FullAccounts 2022-01-01 2022-12-31 07603226 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07603226














MELTED STONE PUBLISHING LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
MELTED STONE PUBLISHING LIMITED
REGISTERED NUMBER:07603226

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2,438,730
294,589

Cash at bank
 5 
7,621,788
4,965,703

  
10,060,518
5,260,292

Creditors: amounts falling due within one year
 6 
(1,788,295)
(1,836,806)

Net current assets
  
 
 
8,272,223
 
 
3,423,486

Total assets less current liabilities
  
8,272,223
3,423,486

  

Net assets
  
8,272,223
3,423,486


Capital and reserves
  

Called up share capital 
 7 
200
200

Share premium account
 8 
5,775
5,775

Profit and loss account
 8 
8,266,248
3,417,511

  
8,272,223
3,423,486


Page 1

 
MELTED STONE PUBLISHING LIMITED
REGISTERED NUMBER:07603226
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 comprehensive income 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: 




A Adkins
Director

5 December 2023

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

Page 2

 
MELTED STONE PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Melted Stone Publishing Limited is a private company, limited by shares, registered in England and Wales, registration number 07603226. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be the provision of music publishing services

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 the 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 year 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 resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of comprehensive income within adminstration 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 represents advances and royalties receivable which are recognised in respect of each of their royalty accounting year ending within the company's financial year. Non-returnable advances are taken to income when contractually due.

  
2.4

Interest income

Interest income is recognised in the statement of comprehensive income using the effective interest method.

Page 3

 
MELTED STONE PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

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.

  
2.6

Taxation

Tax is recognised in the statement of comprehensive income, 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 corporate 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.

 
2.7

Debtors

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

 
2.8

Cash

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

 
2.9

 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.

 
2.10

 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, trade and other creditors, and  loans with related parties.

 
2.11

 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 shareholder at an annual general meeting.


3.


Employees

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

Page 4

 
MELTED STONE PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Debtors

2022
2021
£
£


Trade debtors
-
6,151

Amounts owed by connected companies
2,138,824
184,700

Prepayments and accrued income
299,906
103,738

2,438,730
294,589



5.


Cash

2022
2021
£
£

Cash at bank
7,621,788
4,965,703



6.


Creditors: amounts falling due within one year

2022
2021
£
£

Trade creditors
227,088
-

Amounts owed to connected companies
-
17,667

Corporation tax
889,868
175,601

Other taxation and social security
272,619
161,609

Other creditors
266,703
1,287,096

Accruals
132,017
194,833

1,788,295
1,836,806



7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



200 (2021 -200) Ordinary shares of £1.00 each
200
200

The ordinary shares have attached to them full voting, dividend and capital distribution (including on winding up) rights; they do not confer any rights of redemption.

Page 5

 
MELTED STONE PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

8.


Reserves

Share premium account

The share premium account is a non-distributable reserve representing the excess of proceeds received over the nominal value of the shares issued.

Profit and loss account

The profit and loss account is a distributable reserve arising from accumulated profit and losses to date.


9.


Transactions with director

At the year end, the company owed the director £266,703 (2021 - £1,287,096). The loan is unsecured, interest free and repayable on demand. 

 
Page 6