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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
Page
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The Music Royalty Company Limited Company Information for the year ended 31 December 2023
Director
Mr Raymond Bush
Secretary
Alison Louise Rigby
Company Number
09247871 (England and Wales)
Registered Office
167-169 -5th Floor Great Portland Street London W1W5PF ENGLAND
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The Music Royalty Company Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,756 
9,732 
Current assets
Debtors
122,157 
118,575 
Cash at bank and in hand
89,140 
173,965 
211,297 
292,540 
Creditors: amounts falling due within one year
(164,923)
(170,851)
Net current assets
46,374 
121,689 
Net assets
53,130 
131,421 
Capital and reserves
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
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The Music Royalty Company Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
GBP - Sterling
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
4
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 
Additions
- 
- 
5,244 
5,244 
At 31 December 2023
1,547 
3,790 
73,177 
78,514 
Depreciation
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 
Net book value
At 31 December 2023
709 
384 
5,663 
6,756 
At 31 December 2022
1,096 
738 
7,898 
9,732 
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The Music Royalty Company Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
771 
- 
Trade debtors
105,097 
110,525 
Accrued income and prepayments
16,289 
8,050 
122,157 
118,575 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
47,198 
Trade creditors
22,578 
10,411 
Taxes and social security
115,483 
83,931 
Other creditors
6,827 
3,557 
Accruals
20,035 
19,718 
Deferred income
- 
6,036 
164,923 
170,851 
7
Average number of employees
During the year the average number of employees was 27 (2022: 24).
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