Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 December 2021 false 1 April 2023 31 March 2024 31 March 2024 13033755 Mr Paul Tong Mr Jack Dunkley Mr Joshua Humphries Mr Niall O'Donnell Mr Paul Tong iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13033755 2023-03-31 13033755 2024-03-31 13033755 2023-04-01 2024-03-31 13033755 frs-core:CurrentFinancialInstruments 2024-03-31 13033755 frs-core:ShareCapital 2024-03-31 13033755 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13033755 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13033755 frs-bus:SmallEntities 2023-04-01 2024-03-31 13033755 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13033755 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13033755 frs-bus:Director1 2023-04-01 2024-03-31 13033755 frs-bus:Director2 2023-04-01 2024-03-31 13033755 frs-bus:Director3 2023-04-01 2024-03-31 13033755 frs-bus:Director4 2023-04-01 2024-03-31 13033755 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 13033755 frs-countries:EnglandWales 2023-04-01 2024-03-31 13033755 2021-11-30 13033755 2023-03-31 13033755 2021-12-01 2023-03-31 13033755 frs-core:CurrentFinancialInstruments 2023-03-31 13033755 frs-core:ShareCapital 2023-03-31
Registered number: 13033755
Dynasty Music Ltd
Financial Statements
For The Year Ended 31 March 2024
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13033755
31 March 2024 31 March 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 577 577
577 577
Creditors: Amounts Falling Due Within One Year 5 (177 ) (177 )
NET CURRENT ASSETS (LIABILITIES) 400 400
TOTAL ASSETS LESS CURRENT LIABILITIES 400 400
NET ASSETS 400 400
CAPITAL AND RESERVES
Called up share capital 6 400 400
SHAREHOLDERS' FUNDS 400 400
For the year ending 31 March 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Tong
Director
14/10/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Dynasty Music Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13033755 . The registered office is 1st Floor, 104 Oxford Street, London, Greater London, W1D 1LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of Value Added Tax. Turnover includes revenue earned from the provision of services in the form of live performances and royalty income.
2.3. Financial Instruments
The company has only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities
Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.4. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
31 March 2024 31 March 2023
Office and administration 4 4
4 4
4. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
VAT 577 577
5. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Directors' loan accounts 177 177
Page 2
Page 3
6. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 400 400
Page 3