Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalse12023-01-011trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08909446 2023-01-01 2023-12-31 08909446 2022-01-01 2022-12-31 08909446 2023-12-31 08909446 2022-12-31 08909446 c:Director1 2023-01-01 2023-12-31 08909446 d:Goodwill 2023-01-01 2023-12-31 08909446 d:Goodwill 2023-12-31 08909446 d:Goodwill 2022-12-31 08909446 d:CurrentFinancialInstruments 2023-12-31 08909446 d:CurrentFinancialInstruments 2022-12-31 08909446 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08909446 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08909446 d:ShareCapital 2023-12-31 08909446 d:ShareCapital 2022-12-31 08909446 d:RetainedEarningsAccumulatedLosses 2023-12-31 08909446 d:RetainedEarningsAccumulatedLosses 2022-12-31 08909446 c:OrdinaryShareClass1 2023-01-01 2023-12-31 08909446 c:OrdinaryShareClass1 2023-12-31 08909446 c:FRS102 2023-01-01 2023-12-31 08909446 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08909446 c:FullAccounts 2023-01-01 2023-12-31 08909446 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08909446














THE OTHER HAND (2014) LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
THE OTHER HAND (2014) LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6


 
THE OTHER HAND (2014) LIMITED
REGISTERED NUMBER:08909446

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
-

  
-
-

Current assets
  

Debtors: amounts falling due within one year
 5 
279,043
462,192

Cash at bank and in hand
 6 
20,337
14,253

  
299,380
476,445

Creditors: amounts falling due within one year
 7 
(223,496)
(418,711)

Net current assets
  
 
 
75,884
 
 
57,734

Total assets less current liabilities
  
75,884
57,734

  

Net assets
  
75,884
57,734


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
75,883
57,733

  
75,884
57,734

1

 
THE OTHER HAND (2014) LIMITED
REGISTERED NUMBER:08909446
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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: 




................................................
M Goldschmidt
Director

Date: 1 August 2024

The notes on pages 3 to 6 form part of these financial statements.
2

 
THE OTHER HAND (2014) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Other Hand (2014) Limited is a private company, limited by shares, registered in England and Wales, registration number 08909446. The registered office address is Camden Gateway, 349 Royal College Street, London, NW1 9QS.
 
The principal activity of the company continued to be that of sound recording rights distribution activities.
 
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

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

 
2.3

Turnover

Turnover comprises fees receivable from sound recording rights distribution. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3

 
THE OTHER HAND (2014) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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 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 in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Profit and loss account over its useful economic life.
Goodwill, was the amount paid in connection with the acquisition of a business in 2014, was amortised evenly over its estimated useful life of six years.
 
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
4

 
THE OTHER HAND (2014) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.


3.


Employees

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


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
20,000



At 31 December 2023

20,000



Amortisation


At 1 January 2023
20,000



At 31 December 2023

20,000



Net book value



At 31 December 2023
-



At 31 December 2022
-




5.


Debtors

2023
2022
£
£


Trade debtors
105,658
258,072

Amounts owed by group undertakings
173,385
148,921

Prepayments and accrued income
-
55,199

279,043
462,192


5

 
THE OTHER HAND (2014) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
20,337
14,253



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
205,124
335,076

Corporation tax
-
1,615

Other taxation and social security
15,475
56,734

Accruals and deferred income
2,897
25,286

223,496
418,711



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1



9.


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.

 
6