Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activitytruetrue2023-01-01false11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08241905 2023-01-01 2023-12-31 08241905 2022-01-01 2022-12-31 08241905 2023-12-31 08241905 2022-12-31 08241905 c:Director1 2023-01-01 2023-12-31 08241905 d:CurrentFinancialInstruments 2023-12-31 08241905 d:CurrentFinancialInstruments 2022-12-31 08241905 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08241905 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08241905 d:ShareCapital 2023-12-31 08241905 d:ShareCapital 2022-12-31 08241905 d:RetainedEarningsAccumulatedLosses 2023-12-31 08241905 d:RetainedEarningsAccumulatedLosses 2022-12-31 08241905 c:FRS102 2023-01-01 2023-12-31 08241905 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08241905 c:FullAccounts 2023-01-01 2023-12-31 08241905 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08241905 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 08241905









FLY EYE MUSIC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FLY EYE MUSIC LIMITED
REGISTERED NUMBER: 08241905

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,001
1,001

  
1,001
1,001

Current assets
  

Debtors: amounts falling due within one year
 5 
271,013
304,875

Cash at bank and in hand
 6 
53
53

  
271,066
304,928

Creditors: amounts falling due within one year
 7 
(4,996)
(31,572)

Net current assets
  
 
 
266,070
 
 
273,356

Total assets less current liabilities
  
267,071
274,357

  

Net assets
  
267,071
274,357


Capital and reserves
  

Called up share capital 
  
1,001
1,001

Profit and loss account
  
266,070
273,356

  
267,071
274,357


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 on 26 September 2024.



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FLY EYE MUSIC LIMITED
REGISTERED NUMBER: 08241905
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Mr A Wiles
Director

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

Page 2

 
FLY EYE MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Fly Eye Music Limited is a private company limited by share capital, incorporated in England and Wales. The address of the registered office is 16 - 19 Eastcastle Street, London, W1W 8DY.

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.

  
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

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 balance sheet date in the countries where the Company operates and generates income.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
Page 3

 
FLY EYE MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

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.

 
2.9

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.


3.


Employees

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


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1,001



At 31 December 2023
1,001




Page 4

 
FLY EYE MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
81,789
116,051

Amounts owed by joint ventures and associated undertakings
188,824
188,824

Other debtors
400
-

271,013
304,875



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
53
53

53
53



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
659
162

Other creditors
1,010
29,510

Accruals and deferred income
3,327
1,900

4,996
31,572



8.


Related party transactions

At the balance sheet date an amount of £1,010 (2022: £29,510) was due to the director. The amount comprises net advances made by him on behalf of this company. This amount is unsecured, interest free and repayable on demand.
Included in debtors at the balance sheet date are amounts totalling £81,789 (2022: £116,051) due from subsidiary companies. The amounts comprise net advances made and expenses borne by this company on behalf of those companies. The amounts are unsecured, interest free and repayable on demand.
Also included in other debtors at the balance sheet date is an amount of £188,824 (2022: £188,824) due from an associated company controlled by one of the directors. The amount comprises cash advanced by this entity. The amount is unsecured, interst free and repayable on demand.
 

 
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