Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-302023-04-30true1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-05-01false1 10734502 2022-05-01 2023-04-30 10734502 2021-05-01 2022-04-30 10734502 2023-04-30 10734502 2022-04-30 10734502 c:Director1 2022-05-01 2023-04-30 10734502 d:CurrentFinancialInstruments 2023-04-30 10734502 d:CurrentFinancialInstruments 2022-04-30 10734502 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10734502 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 10734502 d:ShareCapital 2023-04-30 10734502 d:ShareCapital 2022-04-30 10734502 d:RetainedEarningsAccumulatedLosses 2023-04-30 10734502 d:RetainedEarningsAccumulatedLosses 2022-04-30 10734502 c:OrdinaryShareClass1 2022-05-01 2023-04-30 10734502 c:OrdinaryShareClass1 2023-04-30 10734502 c:OrdinaryShareClass1 2022-04-30 10734502 c:FRS102 2022-05-01 2023-04-30 10734502 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 10734502 c:FullAccounts 2022-05-01 2023-04-30 10734502 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10734502 e:PoundSterling 2022-05-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10734502














NOVA PRODUCTION MUSIC LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

 
NOVA PRODUCTION MUSIC LIMITED
REGISTERED NUMBER:10734502

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
75,159
24,300

Cash at bank and in hand
 5 
110,338
119,991

  
185,497
144,291

Creditors: amounts falling due within one year
 6 
(89,002)
(100,396)

Net current assets
  
 
 
96,495
 
 
43,895

Total assets less current liabilities
  
96,495
43,895

  

Net assets
  
96,495
43,895


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
96,494
43,894

  
96,495
43,895


Page 1

 
NOVA PRODUCTION MUSIC LIMITED
REGISTERED NUMBER:10734502
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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: 




N Pollard
Director

Date: 23 April 2024

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

Page 2

 
NOVA PRODUCTION MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Nova Production Music Limited is a private company, limited by shares, registered in England and Wales, registration number 10734502. 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

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 music publishing activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.

Royalties receivable are recognised at the year end date by the company.

 
2.4

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 in the countries where the company operates and generates income.

 
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.

Page 3

 
NOVA PRODUCTION MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
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, other creditors and loan with related parties.


3.


Employees

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


4.


Debtors

2023
2022
£
£


Prepayments
75,159
24,300



5.


Cash

2023
2022
£
£

Cash at bank and in hand
110,338
119,991



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Corporation tax
12,660
10,435

Other taxation and social security
4,431
4,812

Other creditors
51,534
76,533

Accruals
20,377
8,616

89,002
100,396



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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


Page 4

 
NOVA PRODUCTION MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

8.


Transactions with the director

During the year, the company repaid £25,000 (2022 - NIL) to the director. As at the year end, the company owed £51,533 (2022 - £76,533) to the director. The loan is unsecured, interest free and repayable on demand. 

 
Page 5