Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-3142022-04-01false4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03868920 2022-04-01 2023-03-31 03868920 2021-04-01 2022-03-31 03868920 2023-03-31 03868920 2022-03-31 03868920 c:Director1 2022-04-01 2023-03-31 03868920 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 03868920 d:Buildings d:ShortLeaseholdAssets 2023-03-31 03868920 d:Buildings d:ShortLeaseholdAssets 2022-03-31 03868920 d:FurnitureFittings 2022-04-01 2023-03-31 03868920 d:FurnitureFittings 2023-03-31 03868920 d:FurnitureFittings 2022-03-31 03868920 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03868920 d:ComputerEquipment 2022-04-01 2023-03-31 03868920 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03868920 d:CurrentFinancialInstruments 2023-03-31 03868920 d:CurrentFinancialInstruments 2022-03-31 03868920 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03868920 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03868920 d:ShareCapital 2023-03-31 03868920 d:ShareCapital 2022-03-31 03868920 d:RetainedEarningsAccumulatedLosses 2023-03-31 03868920 d:RetainedEarningsAccumulatedLosses 2022-03-31 03868920 c:OrdinaryShareClass1 2022-04-01 2023-03-31 03868920 c:OrdinaryShareClass1 2023-03-31 03868920 c:OrdinaryShareClass1 2022-03-31 03868920 c:FRS102 2022-04-01 2023-03-31 03868920 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03868920 c:FullAccounts 2022-04-01 2023-03-31 03868920 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03868920 2 2022-04-01 2023-03-31 03868920 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03868920














THIRTEEN LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
THIRTEEN LIMITED
REGISTERED NUMBER:03868920

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
243,391
66,615

  
243,391
66,615

Current assets
  

Debtors: amounts falling due within one year
 5 
261,503
590,347

Cash at bank and in hand
 6 
1,489,191
466,755

  
1,750,694
1,057,102

Creditors: amounts falling due within one year
 7 
(786,479)
(474,559)

Net current assets
  
 
 
964,215
 
 
582,543

Total assets less current liabilities
  
1,207,606
649,158

Provisions for liabilities
  

Deferred tax
  
(58,362)
(13,443)

  
 
 
(58,362)
 
 
(13,443)

Net assets
  
1,149,244
635,715


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
1,149,243
635,714

  
1,149,244
635,715


Page 1

 
THIRTEEN LIMITED
REGISTERED NUMBER:03868920
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 his 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 profit and loss account 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: 




D Albarn
Director

Date: 28 March 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THIRTEEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Thirteen Limited is a private company, limited by shares, registered in England and Wales, registration number 03868920. The registered office addres is 337 Latimer Road, London, W10 6RA.
 
The principal activity of the company continued to be that of music publishing, recording and live performance and the operation of a music recording studio. 

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

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 from the rendering of services is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Income from performances are recognised once the performances have taken place.
Recharge income represents the re-imbursement by the company of an agreed proportion or amount of costs incurred by the business.

 
2.3

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

 
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. 

Page 3

 
THIRTEEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

 Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 corporation 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
THIRTEEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Leasehold property
-
20%
straight-line
Fixtures and fittings
-
33%
straight-line
Computer equipment
-
33%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

 Debtors

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

 
2.10

 Cash

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

 
2.11

 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.

 
2.12

 Financial instruments

The Company 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.

 
2.13

 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 shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 5

 
THIRTEEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Leasehold property
Fixtures and fittings
Total

£
£
£



Cost


At 1 April 2022
4,741
534,240
538,981


Additions
-
305,227
305,227



At 31 March 2023

4,741
839,467
844,208



Depreciation


At 1 April 2022
1,185
471,181
472,366


Charge for the year
948
127,503
128,451



At 31 March 2023

2,133
598,684
600,817



Net book value



At 31 March 2023
2,608
240,783
243,391



At 31 March 2022
3,556
63,059
66,615


5.


Debtors

2023
2022
£
£


Trade debtors
29,184
136,484

Other debtors
30,293
107,385

Prepayments and accrued income
202,026
346,478

261,503
590,347



6.


Cash

2023
2022
£
£

Cash at bank and in hand
1,489,191
466,755


Page 6

 
THIRTEEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
324,236
118,660

Corporation tax
69,855
24,196

Other taxation and social security
133,644
3,360

Other creditors
197,691
208,003

Accruals and deferred income
61,053
120,340

786,479
474,559



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,931 (2022 - £2,114). Contributions totalling £1,703 (2022 - £485) were payable to the fund at the balance sheet date and are included in creditors.


10.


Commitments under operating leases

As at the year end the company had future non-cancellable operating leases amounting to £348,290 (2022 - £474,942).


11.


Transactions with directors

During the year, the director was advanced £16,185 (2022 - £305,048 advanced by the director to the company) to the company. As at the year end the company owed the director £170,225 (2022 - £186,410 owed by the director to the company). The loan is unsecured, interest free and repayable on demand.

 
Page 7