Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-311false12022-06-01truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08056374 2022-06-01 2023-05-31 08056374 2021-06-01 2022-05-31 08056374 2023-05-31 08056374 2022-05-31 08056374 c:Director1 2022-06-01 2023-05-31 08056374 d:CurrentFinancialInstruments 2023-05-31 08056374 d:CurrentFinancialInstruments 2022-05-31 08056374 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08056374 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 08056374 d:ShareCapital 2023-05-31 08056374 d:ShareCapital 2022-05-31 08056374 d:RetainedEarningsAccumulatedLosses 2023-05-31 08056374 d:RetainedEarningsAccumulatedLosses 2022-05-31 08056374 c:OrdinaryShareClass1 2022-06-01 2023-05-31 08056374 c:OrdinaryShareClass1 2023-05-31 08056374 c:OrdinaryShareClass1 2022-05-31 08056374 c:FRS102 2022-06-01 2023-05-31 08056374 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 08056374 c:FullAccounts 2022-06-01 2023-05-31 08056374 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08056374 6 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08056374














3I MUSIC LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

 
3I MUSIC LIMITED
REGISTERED NUMBER:08056374

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
25
25

  
25
25

Current assets
  

Debtors: amounts falling due within one year
 5 
13,761
14,400

Cash at bank
 6 
3,059
20,272

  
16,820
34,672

Creditors: amounts falling due within one year
 7 
(1,799)
(12,986)

Net current assets
  
 
 
15,021
 
 
21,686

Total assets less current liabilities
  
15,046
21,711

  

Net assets
  
15,046
21,711


Capital and reserves
  

Called up share capital 
 8 
3
3

Profit and loss account
  
15,043
21,708

  
15,046
21,711


Page 1

 
3I MUSIC LIMITED
REGISTERED NUMBER:08056374
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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: 




J Mikaoui
Director

Date: 7 February 2024

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

Page 2

 
3I MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

3i Music Limited is a private company, limited by shares, registered in England and Wales, registration number 08056374. 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 management consultancy.

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

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

 
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 management consultancy is recognised when it is probable the company will receive the rights to the consideration due under the contract.

 
2.4

Valuation of investment

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

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

 
2.6

Cash

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

 
2.7

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.

 
2.8

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors and loans with related parties.

Page 3

 
3I MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.9

 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.

3.


Employees

The average monthly number of employees, including a director, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Investments in associates

£



Cost


At 1 June 2022
25



At 31 May 2023
25





5.


Debtors

2023
2022
£
£


Amounts owed by associated company
13,439
13,439

Prepayments
322
961

13,761
14,400



6.


Cash

2023
2022
£
£

Cash at bank
3,059
20,272


Page 4

 
3I MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
-
12,320

Accruals
1,799
666

1,799
12,986



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



300 (2022 - 300) Ordinary 'A' shares of £0.01 each
3
3

Ordinary shares with each share entitled to one vote in any circumstances and pari passu to dividend payments, each share is entitled to participate in a distribution arising from a winding up of the company.


 
Page 5