Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1true12023-04-01falsefalse 11727516 2023-04-01 2024-03-31 11727516 2022-01-01 2023-03-31 11727516 2024-03-31 11727516 2023-03-31 11727516 c:Director1 2023-04-01 2024-03-31 11727516 d:CurrentFinancialInstruments 2024-03-31 11727516 d:CurrentFinancialInstruments 2023-03-31 11727516 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11727516 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11727516 d:ShareCapital 2024-03-31 11727516 d:ShareCapital 2023-03-31 11727516 d:RetainedEarningsAccumulatedLosses 2024-03-31 11727516 d:RetainedEarningsAccumulatedLosses 2023-03-31 11727516 c:FRS102 2023-04-01 2024-03-31 11727516 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11727516 c:FullAccounts 2023-04-01 2024-03-31 11727516 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11727516 2 2023-04-01 2024-03-31 11727516 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11727516









OUTDUSTRY SONGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
OUTDUSTRY SONGS LIMITED
REGISTERED NUMBER: 11727516

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
281,245
24,099

Cash at bank and in hand
 5 
94,538
241,972

  
375,783
266,071

Creditors: amounts falling due within one year
 6 
(181,010)
(179,548)

Net current assets
  
 
 
194,773
 
 
86,523

Total assets less current liabilities
  
194,773
86,523

  

Net assets
  
194,773
86,523


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
194,772
86,522

  
194,773
86,523


Page 1

 
OUTDUSTRY SONGS LIMITED
REGISTERED NUMBER: 11727516
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 period 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: 




E H H Peto
Director

Date: 17 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
OUTDUSTRY SONGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Outdustry Songs Limited is a limited liability company incorporated in England and Wales, registration number 11727516. 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 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.

 
2.3

Revenue

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
OUTDUSTRY SONGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Interest income

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

 
2.5

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 reporting date in the countries where the Company operates and generates income.

 
2.6

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.

 
2.7

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

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 period was 1 (2023 - 1).

Page 4

 
OUTDUSTRY SONGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Trade debtors
23,508
23,611

Other debtors
454
-

Amounts owed by group undertakings
256,293
488

Prepayments and accrued income
990
-

281,245
24,099



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
94,538
241,972

94,538
241,972



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
45,531
-

Amounts owed to group undertakings
9,285
21,553

Accruals and deferred income
103,078
87,575

Other taxation and social security
-
14,409

Other creditors
23,116
56,011

181,010
179,548



7.


Ultimate parent undertaking

The ultimate parent company is Outdustry Limited, a company registered in England and Wales.


 
Page 5