Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-311The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-01-01falseNo description of principal activity1truetrue 11727516 2022-01-01 2023-03-31 11727516 2021-01-01 2021-12-31 11727516 2023-03-31 11727516 2021-12-31 11727516 c:Director1 2022-01-01 2023-03-31 11727516 d:CurrentFinancialInstruments 2023-03-31 11727516 d:CurrentFinancialInstruments 2021-12-31 11727516 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11727516 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11727516 d:ShareCapital 2023-03-31 11727516 d:ShareCapital 2021-12-31 11727516 d:RetainedEarningsAccumulatedLosses 2023-03-31 11727516 d:RetainedEarningsAccumulatedLosses 2021-12-31 11727516 c:FRS102 2022-01-01 2023-03-31 11727516 c:AuditExempt-NoAccountantsReport 2022-01-01 2023-03-31 11727516 c:FullAccounts 2022-01-01 2023-03-31 11727516 c:PrivateLimitedCompanyLtd 2022-01-01 2023-03-31 11727516 2 2022-01-01 2023-03-31 11727516 e:PoundSterling 2022-01-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 11727516









OUTDUSTRY SONGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
OUTDUSTRY SONGS LIMITED
REGISTERED NUMBER: 11727516

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

31 March
31 December
2023
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
24,099
42,525

Cash at bank and in hand
 5 
241,971
87,927

  
266,070
130,452

Creditors: amounts falling due within one year
 6 
(179,547)
(132,343)

Net current assets/(liabilities)
  
 
 
86,523
 
 
(1,891)

Total assets less current liabilities
  
86,523
(1,891)

  

Net assets/(liabilities)
  
86,523
(1,891)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
86,522
(1,892)

  
86,523
(1,891)


Page 1

 
OUTDUSTRY SONGS LIMITED
REGISTERED NUMBER: 11727516
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The Directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their 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 statement of comprehensive income 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: 




E H H Peto
Director

Date: 18 March 2024

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

Page 2

 
OUTDUSTRY SONGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Outdustry Songs Limited is a limited liability company incorporated in England and Wales, registration number 11727516. The registered office is 101 New Cavendish Street,1st Floor South, London, W1W 6XH.

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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

 
2.3

Revenue

Revenue 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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
OUTDUSTRY SONGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Interest income

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

 
2.5

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 reporting date in the countries where the Company operates and generates income.

 
2.6

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.

 
2.7

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2021 - 1).

Page 4

 
OUTDUSTRY SONGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Debtors

31 March
31 December
2023
2021
£
£


Trade debtors
23,611
25,280

Other debtors
-
3,110

Amounts owed by group undertakings
488
14,135

24,099
42,525



5.


Cash and cash equivalents

31 March
31 December
2023
2021
£
£

Cash at bank and in hand
241,971
87,927

241,971
87,927



6.


Creditors: Amounts falling due within one year

31 March
31 December
2023
2021
£
£

Trade creditors
-
12,337

Amounts owed to group undertakings
21,553
-

Accruals and deferred income
87,575
120,005

Other taxation and social security
14,409
-

Other creditors
56,010
1

179,547
132,343



7.


Ultimate parent undertaking

The ultimate parent company is Outdustry Limited, a company registered in England and Wales.


 
Page 5