Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01Provision of promotional activities, exploitation of musical copyrights and undertaking of associated activities in the music field33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00935434 2023-01-01 2023-12-31 00935434 2022-01-01 2022-12-31 00935434 2023-12-31 00935434 2022-12-31 00935434 c:Director2 2023-01-01 2023-12-31 00935434 d:CurrentFinancialInstruments 2023-12-31 00935434 d:CurrentFinancialInstruments 2022-12-31 00935434 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00935434 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00935434 d:ShareCapital 2023-12-31 00935434 d:ShareCapital 2022-12-31 00935434 d:SharePremium 2023-12-31 00935434 d:SharePremium 2022-12-31 00935434 d:RetainedEarningsAccumulatedLosses 2023-12-31 00935434 d:RetainedEarningsAccumulatedLosses 2022-12-31 00935434 c:OrdinaryShareClass1 2023-01-01 2023-12-31 00935434 c:OrdinaryShareClass1 2023-12-31 00935434 c:OrdinaryShareClass1 2022-12-31 00935434 c:FRS102 2023-01-01 2023-12-31 00935434 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00935434 c:FullAccounts 2023-01-01 2023-12-31 00935434 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00935434 2 2023-01-01 2023-12-31 00935434 6 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 00935434














STARTLING MUSIC LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
STARTLING MUSIC LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 5


 
STARTLING MUSIC LIMITED
REGISTERED NUMBER:00935434

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
15,000,000
15,000,000

Current assets
  

Debtors: amounts falling due within one year
 5 
713,368
703,454

Cash at bank and in hand
  
780,614
3,609,342

  
1,493,982
4,312,796

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(449,299)
(792,361)

Net current assets
  
 
 
1,044,683
 
 
3,520,435

  

Net assets
  
16,044,683
18,520,435


Capital and reserves
  

Called up share capital 
 7 
17
17

Share premium account
  
14,999,985
14,999,985

Profit and loss account
  
1,044,681
3,520,433

  
16,044,683
18,520,435


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 year 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.

Page 1

 
STARTLING MUSIC LIMITED
REGISTERED NUMBER:00935434
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 on 30 July 2024.




R Rees-Pulley
Director

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

Page 2

 
STARTLING MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Company is a private limited liability company registered in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activities of the company during the period were those of music publishing, the provision of promotional activities, the exploitation of musical copyrights and other rights, and the undertaking of associated activities in the music field.

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

Turnover

Turnover represents royalties and promotional fees receivable, exclusive of Value Added Tax.
Royalty income is recognised in the period to which it relates. Promotional fees are recognised in the period in which related services are provided. 

 
2.3

Valuation of investments

Investments in associated companies are valued at cost.
The carrying values of investments are reviewed for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

 
2.4

Debtors

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

 
2.5

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.

 
2.6

Creditors

Short term creditors are measured at the transaction price. 

Page 3

 
STARTLING MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Foreign currency translation

Functional and presentation currency
The Company's functional and presentational currency is £ Sterling.
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.

 
2.8

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Interest income

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

 
2.10

Taxation

Tax is recognised in the Statement of Comprehensive Income, 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 
STARTLING MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in associates

£



Cost 


At 1 January 2023
15,000,000



At 31 December 2023
15,000,000





5.


Debtors

2023
2022
£
£


Trade debtors
2,459
2,812

Other debtors
-
36

Prepayments and accrued income
710,909
700,606

713,368
703,454



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
7,149
9,823

Taxation and social security
374,008
750,938

Other creditors
10,000
10,000

Accruals and deferred income
58,142
21,600

449,299
792,361



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



17 (2022 - 17) Ordinary shares of £1.00 each
17
17


 
Page 5