REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2023 |
FOR |
WEST ONE MUSIC GROUP FRANCE LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2023 |
FOR |
WEST ONE MUSIC GROUP FRANCE LIMITED |
WEST ONE MUSIC GROUP FRANCE LIMITED (REGISTERED NUMBER: 07461814) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
WEST ONE MUSIC GROUP FRANCE LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
First Floor, Jebsen House |
53-61 High Street |
Ruislip |
Middlesex |
HA4 7BD |
WEST ONE MUSIC GROUP FRANCE LIMITED (REGISTERED NUMBER: 07461814) |
BALANCE SHEET |
31ST DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
WEST ONE MUSIC GROUP FRANCE LIMITED (REGISTERED NUMBER: 07461814) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2023 |
1. | STATUTORY INFORMATION |
West One Music Group France Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company is a subsidiary of West One Music Group Limited a company registered in England. The company has therefore taken advantage of Section 400 of the Companies Act 2006 not to prepare group accounts. |
The financial statements therefore present information about the company as an individual undertaking and not about it's group. |
Related party exemption |
The company has taken advantage of the exemption available in accordance with the Financial Reporting Standard 102, Section 33.1A, 'Related Party Disclosures' not to disclose transactions entered and outstanding balances between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Taxation |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Royalties and productions costs |
Production costs are written off in their entirety in the year in which they fall due for payment. Provision is made for royalties payable on all receipts during the year. Credit is taken for royalties received at the date of receipt. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
WEST ONE MUSIC GROUP FRANCE LIMITED (REGISTERED NUMBER: 07461814) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2023 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
The amounts owed by group undertakings are interest-free, unsecured and repayable on demand. |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
Other creditors |
The amounts owed to group undertakings are interest-free, unsecured and repayable on demand. |
6. | SECURED DEBTS |
The Royal Bank of Scotland Plc holds a fixed and floating charge over all the assets of the company. |
7. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |