TREBLE SEVEN SOUND LTD

Company Registration Number:
14557672 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 26 December 2022

End date: 31 December 2023

TREBLE SEVEN SOUND LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

TREBLE SEVEN SOUND LTD

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the company during the financial year was in the music industry, focusing music production, promotion. In addition, the company is planning to diversify its business by expanding into the streetwear fashion market. There have been no significant changes to the nature of the company’s core music business during the year, but strategic planning for the streetwear line is underway.

Political and charitable donations

The company did not make or receive any political or charitable donations during the financial year.

Company policy on disabled employees

The company is committed to providing equal opportunities to all employees, including those with disabilities. Our policy ensures that disabled persons are afforded the same consideration as other candidates for recruitment, training, and career advancement.



Directors

The director shown below has held office during the period of
5 December 2023 to 31 December 2023

Rowan Junior Sillah


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 September 2024

And signed on behalf of the board by:
Name: Rowan Junior Sillah
Status: Director

TREBLE SEVEN SOUND LTD

Profit And Loss Account

for the Period Ended 31 December 2023

2023


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: 0
Other operating income: 0
Operating profit(or loss): 0
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 0
Tax: 0
Profit(or loss) for the financial year: 0

TREBLE SEVEN SOUND LTD

Balance sheet

As at 31 December 2023

Notes 2023


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 1
Investments:   0
Total current assets: 1
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 1
Total assets less current liabilities: 1
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 1
Capital and reserves
Called up share capital: 1
Share premium account: 0
Other reserves: 0
Profit and loss account: 0
Total Shareholders' funds: 1

The notes form part of these financial statements

TREBLE SEVEN SOUND LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 10 October 2024
and signed on behalf of the board by:

Name: Rowan Junior Sillah
Status: Director

The notes form part of these financial statements

TREBLE SEVEN SOUND LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover Policy The company’s turnover is recognised in accordance with the principles outlined in Financial Reporting Standard 102. Turnover comprises the income generated from the sale of goods and the provision of services, net of any sales taxes, such as Value Added Tax (VAT). Recognition of Turnover 1. Sale of Goods Turnover from the sale of goods is recognized at the point of sale, when the significant risks and rewards of ownership have transferred to the customer. This typically occurs when the goods are delivered and accepted by the customer, or when the title passes. 2. Provision of Services Revenue from the provision of services is recognized when the service has been performed, in line with the agreed terms and conditions of the contract. If services are provided over time, revenue is recognized based on the stage of completion of the service. 3. Other Income Other forms of income, such as interest, royalties, or rental income, are recognised on an accrual basis in accordance with the relevant agreements, ensuring that they reflect the earned income during the accounting period. The directors regularly review the turnover policy to ensure compliance with applicable accounting standards and to maintain the integrity of financial reporting. Any changes to this policy will be communicated to stakeholders as necessary.

    Tangible fixed assets depreciation policy

    Here’s a revised sample policy for tangible fixed assets depreciation, reflecting that the company has no tangible fixed assets: --- Tangible Fixed Assets Depreciation Policy As of the financial year 2023 ended the company does not hold any tangible fixed assets. Therefore, there is no depreciation policy applicable to tangible fixed assets for this reporting period. The directors will regularly review the company's asset portfolio and, should any tangible fixed assets be acquired in the future, a depreciation policy will be established in accordance with applicable accounting standards to ensure the systematic allocation of asset costs over their useful lives.

    Intangible fixed assets amortisation policy

    Here’s a sample policy for intangible fixed assets amortization, reflecting that the company has no intangible fixed assets: --- Intangible Fixed Assets Amortization Policy As of the financial year ended 2023, the company does not hold any intangible fixed assets. Consequently, there is no amortisation policy applicable to intangible fixed assets for this reporting period. In the event that the company acquires intangible fixed assets in the future, an amortisation policy will be established in accordance with applicable accounting standards. This policy will ensure the systematic allocation of the cost of intangible assets over their useful lives, reflecting their consumption and contribution to the company’s operations.

    Valuation information and policy

    Valuation Information Policy The company’s prepared accounts include a valuation information policy to ensure that all assets and liabilities are recorded at their fair value in accordance with applicable accounting standards. 1. Asset Valuation: Tangible Fixed Assets Tangible fixed assets are valued at historical cost less accumulated depreciation and any impairment losses. The cost includes all expenditures directly attributable to bringing the asset to working condition for its intended use. Intangible Assets Should the company acquire intangible assets in the future, they will be recorded at cost and amortized over their estimated useful lives. The company will periodically assess the fair value of intangible assets for any indications of impairment. 2. Liability Valuation: Liabilities are recognized at the amount expected to be paid in settlement, measured at the present value of future cash flows when material. 3. Fair Value Measurement: The company follows a consistent approach to fair value measurement, ensuring that all valuations are based on observable market data wherever possible. In cases where market data is not available, management will use appropriate valuation techniques to estimate fair value. 4. Regular Reviews: The directors review the valuation methods and assumptions used in the preparation of the accounts at least annually to ensure their appropriateness and compliance with accounting standards. The company is committed to maintaining transparency and accuracy in its financial reporting, ensuring that stakeholders have access to reliable valuation information.

TREBLE SEVEN SOUND LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023
    Average number of employees during the period 0

TREBLE SEVEN SOUND LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Financial Commitments

Financial Commitments As of the financial year ended 2023, the company has no financial commitments. The director continually monitors any potential future commitments and obligations to ensure that the company remains in a strong financial position.