Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-302023-04-301falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue2022-05-01The principal activity of the company continued to be that of music publishing1 13328576 2022-05-01 2023-04-30 13328576 2021-05-01 2022-04-30 13328576 2023-04-30 13328576 2022-04-30 13328576 c:Director1 2022-05-01 2023-04-30 13328576 d:CurrentFinancialInstruments 2023-04-30 13328576 d:CurrentFinancialInstruments 2022-04-30 13328576 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13328576 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 13328576 d:ShareCapital 2023-04-30 13328576 d:ShareCapital 2022-04-30 13328576 d:RetainedEarningsAccumulatedLosses 2023-04-30 13328576 d:RetainedEarningsAccumulatedLosses 2022-04-30 13328576 c:OrdinaryShareClass1 2022-05-01 2023-04-30 13328576 c:OrdinaryShareClass1 2023-04-30 13328576 c:OrdinaryShareClass1 2022-04-30 13328576 c:FRS102 2022-05-01 2023-04-30 13328576 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 13328576 c:FullAccounts 2022-05-01 2023-04-30 13328576 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 13328576 2 2022-05-01 2023-04-30 13328576 e:PoundSterling 2022-05-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13328576














MADE FOR SIRE LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

 
MADE FOR SIRE LIMITED
REGISTERED NUMBER:13328576

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
437,327
170,460

Cash at bank and in hand
 5 
47,845
407,099

  
485,172
577,559

Creditors: amounts falling due within one year
 6 
(223,685)
(169,400)

Net current assets
  
 
 
261,487
 
 
408,159

Total assets less current liabilities
  
261,487
408,159

  

Net assets
  
261,487
408,159


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
261,486
408,158

  
261,487
408,159


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 on 15 April 2024.




M Orabiyi
Director

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

Page 1

 
MADE FOR SIRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Made For Sire Limited is a private company, limited by shares, registered in England and Wales, registered number 13328576. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. 
The principal activity of the company continued to be that of music publishing.

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 period 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 that relate to borrowings and cash are presented in the profit and loss account within 'administration 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 from music publishing activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.

Advances received are contributions towards the overheads and operating costs, and are recognised in the profit and loss account at the earlier of recoupment against royalties, or confirmation of the advance being non-returnable. These advances are recoupable against future royalty income.

 
2.4

Interest income

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

Page 2

 
MADE FOR SIRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

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.

 
2.6

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 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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash

Cash is represented by cash 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. 

 
2.10

 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 the director, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Other debtors
403,327
118,219

Prepayments
34,000
52,241

437,327
170,460


Page 3

 
MADE FOR SIRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Cash

2023
2022
£
£

Cash at bank
47,845
407,099



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
-
516

Corporation tax
215,311
166,697

Other taxation and social security
413
-

Accruals and deferred income
7,961
2,187

223,685
169,400



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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



8.


Transactions with the director

During the period the company advanced £528,790 (2022 - £492,585) to the director, of which £282,138 (2022 - £374,600) was repaid by the director to the company. As at the period end the director owed the company £364,637 (2022 - £117,985). The loan is unsecured, repayable on demand and interest at an official rate has been charged. 
 
Page 4