Company Registration No. 09399896 (England and Wales)
Merry Go Round Touring ROW Limited
Annual report and unaudited financial statements
For the year ended 31 December 2023
Pages for filing with registrar
MERRY GO ROUND TOURING ROW LIMITED
Merry Go Round Touring ROW Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MERRY GO ROUND TOURING ROW LIMITED
Merry Go Round Touring ROW Limited
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
5
496,585
625,187
Cash at bank and in hand
1,569,466
1,527,687
2,066,051
2,152,874
Creditors: amounts falling due within one year
6
(291,086)
(294,135)
Net current assets
1,774,965
1,858,739
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
1,774,865
1,858,639
Total equity
1,774,965
1,858,739

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

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 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 and signed by the director and authorised for issue on 16 August 2024
M Wyatt
Director
Company registration number 09399896 (England and Wales)
MERRY GO ROUND TOURING ROW LIMITED
Merry Go Round Touring ROW Limited
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Merry Go Round Touring ROW Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.

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 £.

1.2
Going concern

It is the intention of the directors to liquidate the business within the next 12 months. true

 

The financial statements have therefore been prepared on a basis other than that of a going concern which includes, where appropriate, writing down the company's assets to net realisable value. The financial statements do not include any provision for the future costs of terminating the business of the company.

1.3
Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

1.4
Taxation

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

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.

1.5
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
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

MERRY GO ROUND TOURING ROW LIMITED
Merry Go Round Touring ROW Limited
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
3
Employees

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

2023
2022
Number
Number
Total
1
1
4
Taxation
2023
2022
£
£
Current tax
UK corporation tax on profits for the current period
-
0
29,067
Adjustments in respect of prior periods
(19,651)
-
0
Total current tax
(19,651)
29,067
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
19,650
14,422
Amounts due from related parties
476,727
609,968
Other debtors
208
797
496,585
625,187
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,246
6,929
Other creditors
289,840
287,206
291,086
294,135
7
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary of £1 each
100
100
MERRY GO ROUND TOURING ROW LIMITED
Merry Go Round Touring ROW Limited
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
8
Related Party Transactions

Merry Go Round Inc "MGR" is a company that is controlled by the estate of the former director A McVie. During the year, the company was refunded expenses of £3,568 (2022: expense of £6,479) on behalf of MGR. At the year end, the company was owed £447,841 (2022: £580,238) by MGR.

 

Merry Go Round Music Limited "MGRM" is a company that is controlled by the estate of the former director A McVie. At the year end, the company was owed £27,769 (2022: £28,612) by MGRM.

 

Merry Go Round ROW Merchandising Limited "MGRROWM" is a company that is controlled by the estate of the former director A McVie. At the year end, the company owed £12,857 (2022: £11,832) by MGRROWM.

 

Merry Go Round USA/ Canada Merchandising, Inc "MGRUSA" is a company that is controlled by the estate of the former director A McVie. During the year, MGRUSA refunded expenses of £508 (2022: paid expense of £3,570) and received income of £1,018 (2022: £3,577) on behalf of the company. At the year end, the company owed £7,476 (2022: £5,951) to MGRUSA.

 

Merry Go Round Recording, Inc "MGRRINC" is a company that is controlled by the estate of the former director A McVie. At the year end, the company was owed £1,117 (2022: £1,117) by MGRRINC.

 

 

 

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