Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3122023-01-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00887475 2023-01-01 2023-12-31 00887475 2022-01-01 2022-12-31 00887475 2023-12-31 00887475 2022-12-31 00887475 c:Director2 2023-01-01 2023-12-31 00887475 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 00887475 d:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 00887475 d:CurrentFinancialInstruments 2023-12-31 00887475 d:CurrentFinancialInstruments 2022-12-31 00887475 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00887475 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00887475 d:ShareCapital 2023-12-31 00887475 d:ShareCapital 2022-12-31 00887475 d:RetainedEarningsAccumulatedLosses 2023-12-31 00887475 d:RetainedEarningsAccumulatedLosses 2022-12-31 00887475 c:FRS102 2023-01-01 2023-12-31 00887475 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00887475 c:FullAccounts 2023-01-01 2023-12-31 00887475 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00887475 2 2023-01-01 2023-12-31 00887475 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 00887475









GREENSLEEVES PUBLISHING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
GREENSLEEVES PUBLISHING LIMITED
REGISTERED NUMBER: 00887475

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
6,539
7,545

  
6,539
7,545

Current assets
  

Debtors: amounts falling due within one year
 5 
631,503
732,228

Cash at bank and in hand
 6 
4,360,059
3,544,306

  
4,991,562
4,276,534

Creditors: amounts falling due within one year
 7 
(3,205,152)
(2,878,644)

Net current assets
  
 
 
1,786,410
 
 
1,397,890

Total assets less current liabilities
  
1,792,949
1,405,435

  

Net assets
  
1,792,949
1,405,435


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,792,849
1,405,335

  
1,792,949
1,405,435

Page 1

 
GREENSLEEVES PUBLISHING LIMITED
REGISTERED NUMBER: 00887475
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The Directors consider 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 Directors acknowledge their 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 statement of comprehensive income 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: 




V Chin
Director

Date: 16 September 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
GREENSLEEVES PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The entity is a private company, limited by shares and incorporated in England. The address of the registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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 GBP.

Transactions and balances

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

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
GREENSLEEVES PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

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

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

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 profit or loss 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.

 
2.7

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.

Page 4

 
GREENSLEEVES PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
GREENSLEEVES PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Other intangibles

£



Cost


At 1 January 2023
10,060



At 31 December 2023

10,060



Amortisation


At 1 January 2023
2,515


Charge for the year on owned assets
1,006



At 31 December 2023

3,521



Net book value



At 31 December 2023
6,539



At 31 December 2022
7,545




5.


Debtors

2023
2022
£
£


Trade debtors
123,448
168,442

Amounts owed by group undertakings
389,652
363,939

Other debtors
118,403
199,847

631,503
732,228


Page 6

 
GREENSLEEVES PUBLISHING 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
4,360,058
3,544,304

4,360,058
3,544,304



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
156,661
4,370

Amounts owed to group undertakings
483,083
413,661

Amounts owed to related undertakings
157,854
157,854

Corporation tax
205,014
160,261

Other taxation and social security
85,191
-

Other creditors
2,114,849
2,139,998

Accruals and deferred income
2,500
2,500

3,205,152
2,878,644



8.


Related party transactions

The company has taken advantage of the exemption available in FRS 102 Section 33: Related Party Transactions, whereby it has not disclosed transactions with any wholly owned subsidiary undertaking of the group.


9.


Ultimate parent undertaking and controlling party

The immediate parent company is Greensleeves Records Limited, a company regsitered in England. The ultimate parent company is VP Records (UK) Limited, a company registered in England. The address of the registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. There is no overall controlling party.

 
Page 7