Company Registration No. 09247871 (England and Wales)
The Music Royalty Company Limited
Unaudited accounts
for the year ended 31 December 2023
The Music Royalty Company Limited
Unaudited accounts
Contents
The Music Royalty Company Limited
Company Information
for the year ended 31 December 2023
Secretary
Alison Louise Rigby
Company Number
09247871 (England and Wales)
Registered Office
167-169 -5th Floor
Great Portland Street
London
W1W5PF
ENGLAND
The Music Royalty Company Limited
Statement of financial position
as at 31 December 2023
Tangible assets
6,756
9,732
Cash at bank and in hand
89,140
173,965
Creditors: amounts falling due within one year
(164,923)
(170,851)
Net current assets
46,374
121,689
Called up share capital
100
100
Profit and loss account
53,030
131,321
Shareholders' funds
53,130
131,421
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 September 2024 and were signed on its behalf by
Mr Raymond Bush
Director
Company Registration No. 09247871
The Music Royalty Company Limited
Notes to the Accounts
for the year ended 31 December 2023
The Music Royalty Company Limited is a private company, limited by shares, registered in England and Wales, registration number 09247871. The registered office is 167-169 -5th Floor, Great Portland Street, London, W1W5PF, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
2 Years Straight Line
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
1,547
3,790
67,933
73,270
At 31 December 2023
1,547
3,790
73,177
78,514
At 1 January 2023
451
3,052
60,035
63,538
Charge for the year
387
354
7,479
8,220
At 31 December 2023
838
3,406
67,514
71,758
At 31 December 2023
709
384
5,663
6,756
At 31 December 2022
1,096
738
7,898
9,732
The Music Royalty Company Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
105,097
110,525
Accrued income and prepayments
16,289
8,050
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
22,578
10,411
Taxes and social security
115,483
83,931
Other creditors
6,827
3,557
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Average number of employees
During the year the average number of employees was 27 (2022: 24).