Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false12023-01-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03531482 2023-01-01 2023-12-31 03531482 2022-01-01 2022-12-31 03531482 2023-12-31 03531482 2022-12-31 03531482 c:Director2 2023-01-01 2023-12-31 03531482 d:PlantMachinery 2023-01-01 2023-12-31 03531482 d:PlantMachinery 2023-12-31 03531482 d:PlantMachinery 2022-12-31 03531482 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03531482 d:FurnitureFittings 2023-01-01 2023-12-31 03531482 d:OfficeEquipment 2023-01-01 2023-12-31 03531482 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 03531482 d:OtherPropertyPlantEquipment 2023-12-31 03531482 d:OtherPropertyPlantEquipment 2022-12-31 03531482 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03531482 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03531482 d:CurrentFinancialInstruments 2023-12-31 03531482 d:CurrentFinancialInstruments 2022-12-31 03531482 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03531482 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03531482 d:ShareCapital 2023-12-31 03531482 d:ShareCapital 2022-12-31 03531482 d:RetainedEarningsAccumulatedLosses 2023-12-31 03531482 d:RetainedEarningsAccumulatedLosses 2022-12-31 03531482 c:FRS102 2023-01-01 2023-12-31 03531482 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03531482 c:FullAccounts 2023-01-01 2023-12-31 03531482 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03531482 2 2023-01-01 2023-12-31 03531482 4 2023-01-01 2023-12-31 03531482 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 03531482










MUSIC FROM ANOTHER ROOM LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MUSIC FROM ANOTHER ROOM LIMITED
REGISTERED NUMBER: 03531482

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,933
5,245

  
3,933
5,245

Current assets
  

Debtors: amounts falling due within one year
 6 
861,509
967,407

Cash at bank and in hand
 7 
51,389
36,808

  
912,898
1,004,215

Creditors: amounts falling due within one year
 8 
(289,613)
(31,914)

Net current assets
  
 
 
623,285
 
 
972,301

Total assets less current liabilities
  
627,218
977,546

  

Net assets
  
627,218
977,546


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
627,216
977,544

  
627,218
977,546


Page 1

 
MUSIC FROM ANOTHER ROOM LIMITED
REGISTERED NUMBER: 03531482
    
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: 



................................................
A Conley
Director
Date: 16 September 2024

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

Page 2

 
MUSIC FROM ANOTHER ROOM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Music From Another Room Limited is a private company limited by shares incorporated in England and Wales. The registered office is at: 6th Floor, 2 London Wall Place, London, United Kingdom,  EC2Y 5AU and the company number is 03531482.

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.

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 income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
MUSIC FROM ANOTHER ROOM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.

 
2.4

Interest income

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

 
2.5

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Fixtures and fittings
-
20%
Reduing balance
Office equipment
-
25%
Reducing balance
Other fixed assets
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
MUSIC FROM ANOTHER ROOM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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 1 (2022 - 1).


4.


Exceptional items

2023
2022
£
£


Exceptional items
-
(13,087,051)

Page 5

 
MUSIC FROM ANOTHER ROOM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Plant and machinery
Audio equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
91,193
12,432
103,625



At 31 December 2023

91,193
12,432
103,625



Depreciation


At 1 January 2023
91,193
7,187
98,380


Charge for the year on owned assets
-
1,312
1,312



At 31 December 2023

91,193
8,499
99,692



Net book value



At 31 December 2023
-
3,933
3,933


6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
840,838
799,053

Other debtors
18,747
168,354

Prepayments and accrued income
1,924
-

861,509
967,407



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
51,389
36,808

51,389
36,808


Page 6

 
MUSIC FROM ANOTHER ROOM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
12,715
25,380

Other creditors
276,898
6,534

289,613
31,914


Page 7