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Registered number: 08866548
Franceschi Music Limited
Financial Statements
For The Year Ended 31 December 2023
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08866548
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 370 370
Investments 5 20 20
390 390
CURRENT ASSETS
Debtors 6 8,183 8,183
Cash at bank and in hand 837 837
9,020 9,020
Creditors: Amounts Falling Due Within One Year 7 1,027 1,027
NET CURRENT ASSETS (LIABILITIES) 10,047 10,047
TOTAL ASSETS LESS CURRENT LIABILITIES 10,437 10,437
PROVISIONS FOR LIABILITIES
Deferred Taxation (140 ) (140 )
NET ASSETS 10,297 10,297
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 10,296 10,296
SHAREHOLDERS' FUNDS 10,297 10,297
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Franceschi
Director
16/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Franceschi Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08866548 . The registered office is 1 Beauchamp Court, 10 Victors Way, Barnet, Hertfordshire, EN5 5TZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20%
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 1,850
As at 31 December 2023 1,850
Depreciation
As at 1 January 2023 1,480
As at 31 December 2023 1,480
Net Book Value
As at 31 December 2023 370
As at 1 January 2023 370
Page 3
Page 4
5. Investments
Unlisted
£
Cost
As at 1 January 2023 20
As at 31 December 2023 20
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 20
As at 1 January 2023 20
6. Debtors
2023 2022
£ £
Due within one year
Director's loan account 8,183 8,183
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax (1,027 ) (1,027 )
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Reserves
Retained earnings £
At 1 January 2022
10,296
Profit for the year
-
At 31 December 2022
10,296
Page 4