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REGISTERED NUMBER: 13468103 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

BEATNIK MUSIC LTD

BEATNIK MUSIC LTD (REGISTERED NUMBER: 13468103)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


BEATNIK MUSIC LTD (REGISTERED NUMBER: 13468103)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 679 799

CURRENT ASSETS
Debtors 5 1,836 30
Cash at bank 1,515 1,453
3,351 1,483
CREDITORS
Amounts falling due within one year 6 6,850 2,553
NET CURRENT LIABILITIES (3,499 ) (1,070 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,820

)

(271

)

PROVISIONS FOR LIABILITIES 170 152
NET LIABILITIES (2,990 ) (423 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (3,090 ) (523 )
SHAREHOLDERS' FUNDS (2,990 ) (423 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

BEATNIK MUSIC LTD (REGISTERED NUMBER: 13468103)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2024 and were signed by:





A R Raymond - Director


BEATNIK MUSIC LTD (REGISTERED NUMBER: 13468103)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Beatnik Music Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13468103

Registered office: 368 Forest Road
London
E17 5JF

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BEATNIK MUSIC LTD (REGISTERED NUMBER: 13468103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on the going concern basis which the Directors believe to be appropriate. The company continues with the support of its directors and shareholders.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2022
and 30 June 2023 940
DEPRECIATION
At 1 July 2022 141
Charge for year 120
At 30 June 2023 261
NET BOOK VALUE
At 30 June 2023 679
At 30 June 2022 799

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,674 -
Other debtors 162 30
1,836 30

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 737 180
Amounts owed to connected undertakings 2,850 1,065
Other creditors 3,263 1,308
6,850 2,553

BEATNIK MUSIC LTD (REGISTERED NUMBER: 13468103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

2023 2022
£    £   
Amounts owed by/(to) M Lewis (Director) (358 ) (154 )
Amounts owed by/(to) A R Raymond (Director) (705 ) (154 )



During the year an amount of £2,784.63 (2022: £1,000) was owed by Beatnik Creative Ltd, a company owned by Alistair Raymond.

During the year, an amount of £64.80 (2022: £64.80) was owed by Mike Lewis Entertainment Ltd, a company owned by Mike Lewis.

9. ULTIMATE CONTROLLING PARTY

The company was under the control of M Lewis and A R Raymond throughout the period as joint shareholders of the share capital.