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REGISTERED NUMBER: 07599368 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ATLANTIC SCREEN INTERNATIONAL LIMITED

ATLANTIC SCREEN INTERNATIONAL LIMITED (REGISTERED NUMBER: 07599368)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ATLANTIC SCREEN INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: S P Fawcett





REGISTERED OFFICE: 23 High Street,
Pewsey
SN95AF





REGISTERED NUMBER: 07599368 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

ATLANTIC SCREEN INTERNATIONAL LIMITED (REGISTERED NUMBER: 07599368)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 2,586,111 2,843,090
Cash at bank 306 -
2,586,417 2,843,090
CREDITORS
Amounts falling due within one year 5 18,267 287,317
NET CURRENT ASSETS 2,568,150 2,555,773
TOTAL ASSETS LESS CURRENT LIABILITIES 2,568,150 2,555,773

CAPITAL AND RESERVES
Called up share capital 200,001 200,001
Share premium Account 1,255,617 1,255,617
Retained earnings 1,112,532 1,100,155
SHAREHOLDERS' FUNDS 2,568,150 2,555,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 August 2024 and were signed by:





S P Fawcett - Director


ATLANTIC SCREEN INTERNATIONAL LIMITED (REGISTERED NUMBER: 07599368)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Atlantic Screen International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

Turnover
Turnover represents royalties received from music copyrights during the year.

Revenue recognition
Royalties from music copyrights is recognised by the company in the accounting period in which they relate to.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Music copyrights are being amortised evenly over their estimated useful life of 20 years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 251,872
Amounts owed by connected companies 2,585,518 2,576,011
Other debtors 593 15,207
2,586,111 2,843,090

ATLANTIC SCREEN INTERNATIONAL LIMITED (REGISTERED NUMBER: 07599368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 16,592
Taxation and social security 3,675 253,957
Other creditors 14,592 16,768
18,267 287,317

6. RELATED PARTY DISCLOSURES

Included within debtors as at the year end is £2,585,518 (2022: £2,576,011), an amount owed from Copyright Administration Services Limited, the parent company where Mr. Simon Fawcett is also the director. The amount owed is unsecured and there are no specific terms to the repayment of this amount.

7. ULTIMATE PARENT AND CONTROLLING PARTY

The company is a subsidiary of Copyright Administration Services Limited, a company registered in England and Wales. The director consider Copyright Administration Services Limited to be the ultimate controlling party.