Company registration number:
07698251
Miroma Music Ltd
Unaudited filleted financial statements
30 June 2023
Miroma Music Ltd
Contents
Directors and other information
Accountant's report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Miroma Music Ltd
Directors and other information
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Directors |
M Bloom |
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M Boyan |
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Company number |
07698251 |
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Registered office |
Elsley Court |
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20-22 Great Titchfield Street |
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London |
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W1W 8BE |
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Accountant |
Passer & Co |
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20 Sunningdale Close |
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Stanmore |
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HA7 3QL |
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Miroma Music Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Miroma Music Ltd
Year ended 30 June 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 June 2023 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Passer & Co
20 Sunningdale Close
Stanmore
HA7 3QL
12 October 2023
Miroma Music Ltd
Statement of financial position
30 June 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Stocks |
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- |
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49,000 |
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Cash at bank and in hand |
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2,704 |
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5,602 |
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_______ |
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_______ |
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2,704 |
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54,602 |
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Creditors: amounts falling due |
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within one year |
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5 |
(
27,186) |
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(
26,694) |
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_______ |
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_______ |
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Net current (liabilities)/assets |
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(
24,482) |
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27,908 |
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_______ |
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Total assets less current liabilities |
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(
24,482) |
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27,908 |
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Creditors: amounts falling due |
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after more than one year |
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6 |
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- |
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(
50,000) |
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_______ |
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Net liabilities |
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(
24,482) |
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(
22,092) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
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100 |
Profit and loss account |
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(
24,582) |
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(
22,192) |
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_______ |
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Shareholders deficit |
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(
24,482) |
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(
22,092) |
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_______ |
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_______ |
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For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
12 October 2023
, and are signed on behalf of the board by:
M Bloom
Director
Company registration number:
07698251
Miroma Music Ltd
Statement of changes in equity
Year ended 30 June 2023
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Called up share capital |
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Profit and loss account |
Total |
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£ |
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£ |
£ |
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At 1 July 2021 |
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100 |
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(
23,136) |
(
23,036) |
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(Loss)/profit for the year |
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944 |
944 |
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_______ |
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_______ |
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Total comprehensive income for the year |
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944 |
944 |
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_______ |
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_______ |
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At 30 June 2022 and 1 July 2022 |
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100 |
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(
22,192) |
(
22,092) |
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(Loss)/profit for the year |
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(
2,390) |
(
2,390) |
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_______ |
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_______ |
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Total comprehensive income for the year |
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- |
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(
2,390) |
(
2,390) |
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_______ |
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_______ |
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At 30 June 2023 |
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100 |
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(
24,582) |
(
24,482) |
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_______ |
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_______ |
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Miroma Music Ltd
Notes to the financial statements
Year ended 30 June 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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16,186 |
16,694 |
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Other creditors |
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11,000 |
10,000 |
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_______ |
_______ |
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27,186 |
26,694 |
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_______ |
_______ |
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6.
Creditors: amounts falling due after more than one year
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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- |
50,000 |
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_______ |
_______ |
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7.
Directors advances, credits and guarantees
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Balance brought forward and o/standing |
Balance brought forward and o/standing |
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2023 |
2022 |
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£ |
£ |
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M Bloom |
10,000 |
10,000 |
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_______ |
_______ |
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8.
Controlling party
The majority shareholder in the Company is In The Loop Ltd, a company registered in Jersey. In The Loop Ltd is controlled by Mr
M Boyan
, a Director of Miroma Music Ltd
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