Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12358061 2023-01-01 2023-12-31 12358061 2022-01-01 2022-12-31 12358061 2023-12-31 12358061 2022-12-31 12358061 c:Director1 2023-01-01 2023-12-31 12358061 d:Buildings 2023-01-01 2023-12-31 12358061 d:Buildings 2023-12-31 12358061 d:Buildings 2022-12-31 12358061 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12358061 d:PlantMachinery 2023-01-01 2023-12-31 12358061 d:PlantMachinery 2023-12-31 12358061 d:PlantMachinery 2022-12-31 12358061 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12358061 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12358061 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-01 2023-12-31 12358061 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 12358061 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 12358061 d:CurrentFinancialInstruments 2023-12-31 12358061 d:CurrentFinancialInstruments 2022-12-31 12358061 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12358061 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12358061 d:ShareCapital 2023-12-31 12358061 d:ShareCapital 2022-12-31 12358061 d:RetainedEarningsAccumulatedLosses 2023-12-31 12358061 d:RetainedEarningsAccumulatedLosses 2022-12-31 12358061 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 12358061 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 12358061 c:FRS102 2023-01-01 2023-12-31 12358061 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12358061 c:FullAccounts 2023-01-01 2023-12-31 12358061 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12358061 6 2023-01-01 2023-12-31 12358061 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-01-01 2023-12-31 12358061 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12358061









BLUEPRINT MUSIC LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BLUEPRINT MUSIC LTD
REGISTERED NUMBER: 12358061

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
250,000

Tangible assets
 5 
206,630
266,765

Investments
 6 
3,746,691
3,111,577

  
3,953,321
3,628,342

Current assets
  

Debtors: amounts falling due within one year
 7 
769,911
210,612

Cash at bank and in hand
 8 
662,817
81,355

  
1,432,728
291,967

Creditors: amounts falling due within one year
 9 
(1,749,615)
(1,584,149)

Net current liabilities
  
 
 
(316,887)
 
 
(1,292,182)

Total assets less current liabilities
  
3,636,434
2,336,160

Provisions for liabilities
  

Deferred tax
 10 
(18,459)
(24,906)

  
 
 
(18,459)
 
 
(24,906)

Net assets
  
3,617,975
2,311,254


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
3,617,875
2,311,154

  
3,617,975
2,311,254


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.
Page 1

 
BLUEPRINT MUSIC LTD
REGISTERED NUMBER: 12358061
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 







Mr G Robin
Director

Date: 20 September 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BLUEPRINT MUSIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Blueprint Music Ltd is a private company limited by share capital, incorporated in England and Wales,
registration number 12358061. The address of the registered office is 50 Liverpool Street, London, EC2M 7PY.

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.

 
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

 
BLUEPRINT MUSIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Pensions

Contributions are made to the private pension scheme of the director. These contributions are
charged to the profit and loss for the period in which they are payable to the scheme in accordance
with the agreement between the director and the company.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

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.

 The estimated useful lives range as follows:

Image Rights
-
4
years

 
2.7

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.

Page 4

 
BLUEPRINT MUSIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight Line
Plant and machinery
-
20%
Straight Line

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.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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

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.

 
2.11

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.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
BLUEPRINT MUSIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Intangible assets




Trademarks

£



Cost


At 1 January 2023
1,000,000



At 31 December 2023

1,000,000



Amortisation


At 1 January 2023
750,000


Charge for the year on owned assets
250,000



At 31 December 2023

1,000,000



Net book value



At 31 December 2023
-



At 31 December 2022
250,000



Page 6

 
BLUEPRINT MUSIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 January 2023
144,340
316,756
461,096


Additions
-
7,628
7,628



At 31 December 2023

144,340
324,384
468,724



Depreciation


At 1 January 2023
8,661
185,670
194,331


Charge for the year on owned assets
2,886
64,877
67,763



At 31 December 2023

11,547
250,547
262,094



Net book value



At 31 December 2023
132,793
73,837
206,630



At 31 December 2022
135,679
131,086
266,765


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
3,111,577


Additions
635,114



At 31 December 2023
3,746,691




The investments in subsidiary companies additions during the period relates to the movement on the loan balance due from a subsidiary. As at 31 December 2023, the total investment consisted of share capital of £100 and £2,580 (2022: £100 and £2,580) in two subsidiaries and a loan balance of £3,744,011 (2022: £3,108,897) due from one subsidiary.

Page 7

 
BLUEPRINT MUSIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£


Trade debtors
8,686
100

Other debtors
597,715
52

Prepayments and accrued income
163,510
210,460

769,911
210,612



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
662,817
81,355

662,817
81,355



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,318
3,611

Corporation tax
419,084
76,925

Other taxation and social security
19,119
30,769

Other creditors
1,233,235
1,349,861

Accruals and deferred income
76,859
122,983

1,749,615
1,584,149



10.


Deferred taxation




2023


£






At beginning of year
(24,906)


Charged to profit or loss
6,447



At end of year
(18,459)

Page 8

 
BLUEPRINT MUSIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(18,459)
(24,906)

(18,459)
(24,906)


11.


Pension commitments

The company contributes to a defined contribution pension scheme on behalf of its director. The assets
of the scheme are held separately from those of the company in an independently administered fund.
The pension charge for the year was £10,000 (2022: £10,000). There are no amounts outstanding at the
year end.
The annual commitment in respect of this scheme is £10,000.


12.


Related party transactions

Included in other debtors at the balance sheet date is an amount of £597,715 (2022: £94,520 creditor) due from a Limited Liability Partnership. The director of the company is an equal partner in that entity. The amount is in respect of cash advanced and net expenses borne on behalf of that entity. The amount is unsecured, interest free and repayable on demand.
Included in creditors at the balance sheet date is an amount of £1,233,235 (2022: £1,255,341) due to the
director. The amount is in respect of image rights purchased from the director, assets contributed by the
director and company expenses paid by the director, net of expenses borne on his behalf. This amount
is unsecured, interest free and repayable on demand..

 
Page 9