Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity1true2023-02-03falsefalse 14637063 2023-02-02 14637063 2023-02-03 2024-03-31 14637063 2022-02-03 2023-02-02 14637063 2024-03-31 14637063 c:Director1 2023-02-03 2024-03-31 14637063 d:CurrentFinancialInstruments 2024-03-31 14637063 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14637063 d:ShareCapital 2023-02-03 2024-03-31 14637063 d:ShareCapital 2024-03-31 14637063 d:RetainedEarningsAccumulatedLosses 2023-02-03 2024-03-31 14637063 d:RetainedEarningsAccumulatedLosses 2024-03-31 14637063 c:OrdinaryShareClass1 2023-02-03 2024-03-31 14637063 c:OrdinaryShareClass1 2024-03-31 14637063 c:FRS102 2023-02-03 2024-03-31 14637063 c:AuditExempt-NoAccountantsReport 2023-02-03 2024-03-31 14637063 c:FullAccounts 2023-02-03 2024-03-31 14637063 c:PrivateLimitedCompanyLtd 2023-02-03 2024-03-31 14637063 e:PoundSterling 2023-02-03 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14637063









STRANDZ MUSIC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
STRANDZ MUSIC LIMITED
REGISTERED NUMBER: 14637063

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
  
74,882

Cash at bank and in hand
  
336,991

  
411,873

Creditors: amounts falling due within one year
  
(195,010)

Net current assets
  
 
 
216,863

Total assets less current liabilities
  
216,863

  

Net assets
  
216,863


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
216,763

  
216,863


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 period 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 statement of comprehensive income 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 29 October 2024.




L N-A Ezeoke
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 
STRANDZ MUSIC LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
288,763
288,763


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
288,763
288,763


Contributions by and distributions to owners

Dividends: Equity capital
-
(72,000)
(72,000)

Shares issued during the period
100
-
100


Total transactions with owners
100
(72,000)
(71,900)


At 31 March 2024
100
216,763
216,863

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
STRANDZ MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Enter user text here... 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
STRANDZ MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.4

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.


 
2.5

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.

Page 4

 
STRANDZ MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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

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 period was 1.


4.


Debtors

2024
£


Trade debtors
58,200

Prepayments and accrued income
16,682

74,882



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
336,991

336,991


Page 5

 
STRANDZ MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
939

Corporation tax
92,145

Other taxation and social security
642

Other creditors
1,205

Accruals and deferred income
100,079

195,010



7.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On incorporation, 100 shares of £1 each were paid, at par, to form the initial capital base of the company.

 
Page 6