Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetrue1false12023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.The principal activity of the company continued to be that of music publishingtrue 03308056 2023-01-01 2023-12-31 03308056 2022-01-01 2022-12-31 03308056 2023-12-31 03308056 2022-12-31 03308056 c:Director1 2023-01-01 2023-12-31 03308056 d:CurrentFinancialInstruments 2023-12-31 03308056 d:CurrentFinancialInstruments 2022-12-31 03308056 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03308056 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03308056 d:ShareCapital 2023-12-31 03308056 d:ShareCapital 2022-12-31 03308056 d:RetainedEarningsAccumulatedLosses 2023-12-31 03308056 d:RetainedEarningsAccumulatedLosses 2022-12-31 03308056 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03308056 c:OrdinaryShareClass1 2023-12-31 03308056 c:FRS102 2023-01-01 2023-12-31 03308056 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03308056 c:FullAccounts 2023-01-01 2023-12-31 03308056 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03308056 2 2023-01-01 2023-12-31 03308056 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03308056














CLASSIC MUSIC LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CLASSIC MUSIC LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 4


 
CLASSIC MUSIC LIMITED
REGISTERED NUMBER:03308056

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
330

Cash at bank and in hand
 5 
5,901
880

  
5,901
1,210

Creditors: amounts falling due within one year
 6 
(72,616)
(67,212)

Net current liabilities
  
 
 
(66,715)
 
 
(66,002)

Total assets less current liabilities
  
(66,715)
(66,002)

  

Net liabilities
  
(66,715)
(66,002)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(66,815)
(66,102)

  
(66,715)
(66,002)


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: 




J A Craig, OBE
Director

Date: 15 August 2024

The notes on pages 2 to 4 form part of these financial statements.

1

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

1.


General information

Classic Music Limited is a private company, limited by shares, registered in England and Wales, registration number 03308056. The registered office address is 27 Abbey Gardens, London, NW8 9AS.
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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The parent company has committed to continue tp support the company for a period of not less than one year from the date of signing of the financial statements. On this basis, the director consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of this support. 

 
2.3

Turnover

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Royalties receivable are recognised at the period end date by the company.

Rendering of services

Turnover 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.

 
2.4

Interest income

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

2

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

2.Accounting policies (continued)

 
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 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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, 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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from third parties and loans to related parties.


3.


Employees




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


4.


Debtors

2023
2022
£
£


Other debtors
-
330



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
5,901
880


3

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

6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
4,397
725

Amounts owed to group undertakings
33,596
32,596

Other creditors
32,597
32,596

Accruals
2,026
1,295

72,616
67,212



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



8.


Related party transactions

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35, as the company is itself a wholly owned subsidiary of John Craig Music Publishing Limited (formerlly known as Left At The End Limited).

 
4