Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07179053 2023-01-01 2023-12-31 07179053 2022-01-01 2022-12-31 07179053 2023-12-31 07179053 2022-12-31 07179053 c:Director1 2023-01-01 2023-12-31 07179053 d:CurrentFinancialInstruments 2023-12-31 07179053 d:CurrentFinancialInstruments 2022-12-31 07179053 d:Non-currentFinancialInstruments 2023-12-31 07179053 d:Non-currentFinancialInstruments 2022-12-31 07179053 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07179053 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07179053 d:ShareCapital 2023-12-31 07179053 d:ShareCapital 2022-12-31 07179053 d:CapitalRedemptionReserve 2023-12-31 07179053 d:CapitalRedemptionReserve 2022-12-31 07179053 d:RetainedEarningsAccumulatedLosses 2023-12-31 07179053 d:RetainedEarningsAccumulatedLosses 2022-12-31 07179053 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07179053 c:OrdinaryShareClass1 2023-12-31 07179053 c:FRS102 2023-01-01 2023-12-31 07179053 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07179053 c:FullAccounts 2023-01-01 2023-12-31 07179053 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07179053 d:Subsidiary1 2023-01-01 2023-12-31 07179053 d:Subsidiary1 1 2023-01-01 2023-12-31 07179053 d:Subsidiary5 2023-01-01 2023-12-31 07179053 d:Subsidiary5 1 2023-01-01 2023-12-31 07179053 d:Subsidiary6 2023-01-01 2023-12-31 07179053 d:Subsidiary6 1 2023-01-01 2023-12-31 07179053 d:Subsidiary7 2023-01-01 2023-12-31 07179053 d:Subsidiary7 1 2023-01-01 2023-12-31 07179053 2 2023-01-01 2023-12-31 07179053 6 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07179053














COOKING VINYL HOLDINGS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
COOKING VINYL HOLDINGS LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7


 
COOKING VINYL HOLDINGS LIMITED
REGISTERED NUMBER:07179053

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
993
10,119

  
993
10,119

Current assets
  

Debtors: amounts falling due after more than one year
 5 
-
191,075

Debtors: amounts falling due within one year
 5 
2,495,160
3,288,877

Cash at bank and in hand
 6 
969,679
3,320

  
3,464,839
3,483,272

Creditors: amounts falling due within one year
 7 
(67,416)
(76,262)

Net current assets
  
 
 
3,397,423
 
 
3,407,010

Total assets less current liabilities
  
3,398,416
3,417,129

  

Net assets
  
3,398,416
3,417,129


Capital and reserves
  

Called up share capital 
 8 
950
950

Capital redemption reserve
  
50
50

Profit and loss account
  
3,397,416
3,416,129

  
3,398,416
3,417,129


1

 
COOKING VINYL HOLDINGS LIMITED
REGISTERED NUMBER:07179053
    
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 7 form part of these financial statements.

2

 
COOKING VINYL HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Cooking Vinyl Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 07179053. 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 and 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 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 company is the parent undertaking of a small group as such is not required by the companies act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

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

The following principal accounting policies have been applied:

 
2.2

Interest income

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

 
2.3

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3

 
COOKING VINYL HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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

 
COOKING VINYL HOLDINGS 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.

 
2.10

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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


4.


Fixed asset investments





Investments in subsidiaries

£



Cost or valuation


At 1 January 2023
36,808


Disposals
(35,815)



At 31 December 2023

993





At 1 January 2023
26,689


Charge for the period
7,643


Impairment on disposals
(34,332)



At 31 December 2023

-



Net book value



At 31 December 2023
993



At 31 December 2022
10,119

5

 
COOKING VINYL HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

Subsidiary undertakings


The following were subsidiary undertakings of the company:

Name

Registered office

Principal activity

Class of shares

Holding

Cooking Vinyl Limited
England and Wales
Sales and marketing of recorded music
Ordinary
100%
The Other Hand (2014) Limited
England and Wales
Sales and marketing of recorded music
Ordinary
100%
Cooking Vinyl America Inc
United States of America
Sales and marketing of recorded music
Ordinary
100%
Cooking Vinyl Australia Pty Ltd
Australia
Distribution and marketing of recorded music
Ordinary
25%



5.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
-
191,075


2023
2022
£
£

Due within one year

Amounts owed by group undertakings
1,883,259
3,287,617

Other debtors
611,443
802

Deferred taxation
458
458

2,495,160
3,288,877



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
969,679
3,320


6

 
COOKING VINYL HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
64,520
64,520

Corporation tax
-
1,723

Accruals and deferred income
2,896
10,019

67,416
76,262



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



950 Ordinary shares of £1.00 each
950
950


9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £NIL (2022 - £80,000). 


10.


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.
At the balance sheet date, the company was owed a total of £409,013 (2022 - £97) by the director. An interest of £3,722 (2022 - £NIL) was charged at the official interest rate. The loan is repayable on demand.
 
The company paid dividends totalling £NIL (2022 - £31,000) to the director.
 
7