Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-312falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0true2023-02-08No description of principal activitytrue 14648402 2023-02-07 14648402 2023-02-08 2023-10-31 14648402 2022-02-08 2023-02-07 14648402 2023-10-31 14648402 c:Director1 2023-02-08 2023-10-31 14648402 d:CurrentFinancialInstruments 2023-10-31 14648402 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 14648402 d:ShareCapital 2023-10-31 14648402 d:RetainedEarningsAccumulatedLosses 2023-10-31 14648402 c:FRS102 2023-02-08 2023-10-31 14648402 c:AuditExempt-NoAccountantsReport 2023-02-08 2023-10-31 14648402 c:FullAccounts 2023-02-08 2023-10-31 14648402 c:PrivateLimitedCompanyLtd 2023-02-08 2023-10-31 14648402 2 2023-02-08 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 14648402









BTMUSICAL LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
BTMUSICAL LTD
REGISTERED NUMBER: 14648402

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
  
64,502

Cash at bank and in hand
  
25,197

  
89,699

Creditors: amounts falling due within one year
  
(279,006)

Net current (liabilities)/assets
  
 
 
(189,307)

Total assets less current liabilities
  
(189,307)

  

Net (liabilities)/assets
  
(189,307)


Capital and reserves
  

Called up share capital 
  
2

Profit and loss account
  
(189,309)

  
(189,307)


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 period 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 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 on 5 February 2024.




F C C Moody
Director

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

Page 1

 
BTMUSICAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

BTMusical Ltd is a private company limited by shares and registered in England and Wales. The address of the registered office is 39-41 Charing Cross Road, London, England, WC2H 0AR.
The company was Incorporated on 8 February 2023 and began trading on this date.

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

Going concern

The company meets its day to day working capital requirements through its own resources and loans from third party angel investors who have provided funds specifically to support the company.
The directors have prepared forecasts and cash flow projections based on a number of potential scenarios. These, together with the reserves and cash held, indicate that the company has adequate resources to continue in operational existence for the foreseeable future. It is, however, difficult to determine the assumptions that will prove to be the most appropriate therefore there is an element of uncertainty existing.
After reviewing the forecasts and projections, at the time of approving these financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the next twelve months. The directors therefore consider it appropriate to continue to adopt the going concern basis in preparing the company's financial statements.

 
2.3

Revenue

Revenue comprises of box office sales, net of commissions and banking charges, merchandise sales and is exclusive of VAT. Revenue is recognised in the period to which the attendance occurred.

 
2.4

Interest income

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

 
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.

Page 2

 
BTMUSICAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
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.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Debtors

2023
£


Other debtors
64,502

64,502



5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
25,197

25,197


Page 3

 
BTMUSICAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
62,018

Other creditors
206,945

Accruals and deferred income
10,043

279,006


 
Page 4