Company registration number 04452712 (England and Wales)
STARGATE DELIRIOUS BLACKSMITH MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
STARGATE DELIRIOUS BLACKSMITH MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
STARGATE DELIRIOUS BLACKSMITH MANAGEMENT LIMITED
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
54,050
4,050
Cash at bank and in hand
253,697
1,306,696
307,747
1,310,746
Creditors: amounts falling due within one year
4
(20,343)
(94,218)
Net current assets
287,404
1,216,528
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
287,304
1,216,428
Total equity
287,404
1,216,528

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 9 April 2024 and are signed on its behalf by:
Mr H G Atkins
Mr D Poku
Director
Director
Company registration number 04452712 (England and Wales)
STARGATE DELIRIOUS BLACKSMITH MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

Stargate Delirious Blacksmith Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 180 Great Portland Street, London, W1W 5QZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for management commission and music royalties.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Financial instruments

The company only has basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

STARGATE DELIRIOUS BLACKSMITH MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
4
4
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
54,050
4,050
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,700
2,700
Corporation tax
-
0
37,887
Other creditors
17,643
53,631
20,343
94,218
2023-06-302022-07-01false09 April 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr H G AtkinsMr M S EriksenMr T E HermansenMr D Pokufalse044527122022-07-012023-06-30044527122023-06-30044527122022-06-3004452712core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3004452712core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3004452712core:CurrentFinancialInstruments2023-06-3004452712core:CurrentFinancialInstruments2022-06-3004452712core:ShareCapital2023-06-3004452712core:ShareCapital2022-06-3004452712core:RetainedEarningsAccumulatedLosses2023-06-3004452712core:RetainedEarningsAccumulatedLosses2022-06-3004452712bus:Director12022-07-012023-06-3004452712bus:Director42022-07-012023-06-3004452712core:PlantMachinery2022-07-012023-06-30044527122021-07-012022-06-3004452712core:WithinOneYear2023-06-3004452712core:WithinOneYear2022-06-3004452712bus:PrivateLimitedCompanyLtd2022-07-012023-06-3004452712bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3004452712bus:FRS1022022-07-012023-06-3004452712bus:AuditExemptWithAccountantsReport2022-07-012023-06-3004452712bus:Director22022-07-012023-06-3004452712bus:Director32022-07-012023-06-3004452712bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP