Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31falsefalse12022-01-011trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12337127 2022-01-01 2022-12-31 12337127 2021-01-01 2021-12-31 12337127 2022-12-31 12337127 2021-12-31 12337127 c:Director1 2022-01-01 2022-12-31 12337127 d:CurrentFinancialInstruments 2022-12-31 12337127 d:CurrentFinancialInstruments 2021-12-31 12337127 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12337127 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 12337127 d:ShareCapital 2022-12-31 12337127 d:ShareCapital 2021-12-31 12337127 d:RetainedEarningsAccumulatedLosses 2022-12-31 12337127 d:RetainedEarningsAccumulatedLosses 2021-12-31 12337127 c:OrdinaryShareClass1 2022-01-01 2022-12-31 12337127 c:OrdinaryShareClass1 2022-12-31 12337127 c:FRS102 2022-01-01 2022-12-31 12337127 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 12337127 c:FullAccounts 2022-01-01 2022-12-31 12337127 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 12337127 2 2022-01-01 2022-12-31 12337127 e:PoundSterling 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12337127














ATELIER LIVE LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
ATELIER LIVE LTD
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 5


 
ATELIER LIVE LTD
REGISTERED NUMBER:12337127

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
60,940
47,102

Cash at bank and in hand
 5 
13,421
7,704

  
74,361
54,806

Creditors: amounts falling due within one year
 6 
(60,465)
(49,484)

Net current assets
  
 
 
13,896
 
 
5,322

Total assets less current liabilities
  
13,896
5,322

  

Net assets
  
13,896
5,322


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
13,895
5,321

  
13,896
5,322


1

 
ATELIER LIVE LTD
REGISTERED NUMBER:12337127
    
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 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: 




S N Newman
Director

Date: 22 December 2023

The notes on pages 3 to 5 form part of these financial statements.

2

 
ATELIER LIVE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Atelier Live Ltd is a private company, limited by shares, registered in England and Wales, registration number 12337127. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company is sound recording and 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is pound sterling.
The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis as the director has confirmed she will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. 
 
 
2.3

Turnover

Turnover from sound recording and music publishing is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
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 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.

 
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.

3

 
ATELIER LIVE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.8

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. 

 
2.9

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 other third parties, loans to and from related parties. 

 
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 directors, during the year was 1 (2021 - 1).


4.


Debtors

2022
2021
£
£


Other debtors
60,940
47,102



5.


Cash and cash equivalents

2022
2021
£
£

Cash at bank
13,421
7,704



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
433
-

Corporation tax
34,667
13,458

Other creditors
19,466
30,627

Accruals
5,899
5,399

60,465
49,484


4

 
ATELIER LIVE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1



8.


Related party transactions

Included within other debtors is £41,938 (2021 - £46,352) due from the director. The loan isrepayable on demand and interest at official interest rate is charged.
During the year, dividends of £80,000 (2021 - £51,500) were paid to the director.

 
5