Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-311The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-11-01falseThe principal activity of the company continued to be that of sound recording and music publishing.1falsetruefalse 07409112 2022-11-01 2023-10-31 07409112 2021-11-01 2022-10-31 07409112 2023-10-31 07409112 2022-10-31 07409112 c:Director1 2022-11-01 2023-10-31 07409112 d:CurrentFinancialInstruments 2023-10-31 07409112 d:CurrentFinancialInstruments 2022-10-31 07409112 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 07409112 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 07409112 d:ShareCapital 2023-10-31 07409112 d:ShareCapital 2022-10-31 07409112 d:RetainedEarningsAccumulatedLosses 2023-10-31 07409112 d:RetainedEarningsAccumulatedLosses 2022-10-31 07409112 c:OrdinaryShareClass1 2022-11-01 2023-10-31 07409112 c:OrdinaryShareClass1 2023-10-31 07409112 c:OrdinaryShareClass1 2022-10-31 07409112 c:FRS102 2022-11-01 2023-10-31 07409112 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 07409112 c:FullAccounts 2022-11-01 2023-10-31 07409112 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 07409112 2 2022-11-01 2023-10-31 07409112 e:PoundSterling 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07409112














ANSCENIC LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
ANSCENIC LTD
REGISTERED NUMBER:07409112

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
18,769
36,599

Cash at bank and in hand
 5 
1,581,425
1,673,915

  
1,600,194
1,710,514

Creditors: amounts falling due within one year
 6 
(122,304)
(342,062)

Net current assets
  
 
 
1,477,890
 
 
1,368,452

Total assets less current liabilities
  
1,477,890
1,368,452

  

Net assets
  
1,477,890
1,368,452


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
1,477,889
1,368,451

  
1,477,890
1,368,452


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 by: 




R Swire-Thompson
Director

Date: 30 October 2024

Page 1

 
ANSCENIC LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Anscenic Ltd is a private company, limited by shares, registered in England and Wales, registration number 07409112. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of sound recording and music publishing.

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 the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

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 that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'administration expenses'. All other foreign exchange gains and losses are presented in profit or loss statement.

 
2.3

Turnover

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Turnover from sound recording and music publishing are recognised when it is probable the company will receive the right to the consideration due under the contract.
Royalties receivable are recognised at the year end date by the company.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

 
ANSCENIC LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Current taxation

The tax expense for the year comprises current and deferred tax. 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.7

Cash

Cash is represented by cash deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.8

Creditors

Short-term creditors are measured at the transaction price. 

 
2.9

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

 
2.10

 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 the director, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Trade debtors
8,531
19,434

Other debtors
4,031
280

Prepayments and accrued income
6,207
16,885

18,769
36,599


Page 3

 
ANSCENIC LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Cash

2023
2022
£
£

Cash at bank
1,581,425
1,673,915



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
4,395
4,360

Corporation tax
44,644
238,330

Other taxation and social security
637
5,038

Other creditors
22,375
15,007

Accruals
50,253
79,327

122,304
342,062


7.

Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) ordinary share of £1.00
1
1



8.


Transactions with the director

During the year, the company advanced £2,850 (2022 - £NIL) to the director. At the year end, the director owed £3,749 (2022 - £235 was owed by the company to the director) to the company. The loan is unsecured, interest free and repayable on demand.
 
During the year, dividends of £NIL (2022 - £4,000) was paid to the director.
 
Page 4