Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-311falsetruetrue2023-04-011The principal activity of the company continued to be that of music recording.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01867419 2023-04-01 2024-03-31 01867419 2022-04-01 2023-03-31 01867419 2024-03-31 01867419 2023-03-31 01867419 c:Director1 2023-04-01 2024-03-31 01867419 d:CurrentFinancialInstruments 2024-03-31 01867419 d:CurrentFinancialInstruments 2023-03-31 01867419 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01867419 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01867419 d:ShareCapital 2024-03-31 01867419 d:ShareCapital 2023-03-31 01867419 d:RetainedEarningsAccumulatedLosses 2024-03-31 01867419 d:RetainedEarningsAccumulatedLosses 2023-03-31 01867419 c:OrdinaryShareClass1 2023-04-01 2024-03-31 01867419 c:OrdinaryShareClass1 2024-03-31 01867419 c:OrdinaryShareClass1 2023-03-31 01867419 c:FRS102 2023-04-01 2024-03-31 01867419 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01867419 c:FullAccounts 2023-04-01 2024-03-31 01867419 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01867419 2 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01867419














QUIETLY CONFIDENT RECORDS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
QUIETLY CONFIDENT RECORDS LIMITED
REGISTERED NUMBER:01867419

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
17,989
1,058

Cash at bank
 5 
88,443
90,716

  
106,432
91,774

Creditors: amounts falling due within one year
 6 
(127,460)
(111,026)

Net current liabilities
  
 
 
(21,028)
 
 
(19,252)

Total assets less current liabilities
  
(21,028)
(19,252)

  

Net liabilities
  
(21,028)
(19,252)


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
(21,030)
(19,254)

  
(21,028)
(19,252)


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 company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 




D A Stewart
Director

Date: 6 November 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
QUIETLY CONFIDENT RECORDS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Quietly Confident Records Limited is a private company, limited by shares, registered in England and Wales, registration number 01867419. 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 music recording.

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

Functional and presentation currency

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

 
2.3

Going concern

The director has reviewed the financial circumstances of the company and confirms that it continues to receive support from its director. The director is satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover 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 music recording activity is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Royalties receivable are recognised at the year end by the company. Royalties payable are calculaed by reference statements of account used for determining royalties receivable.
 
 
2.5

Interest income

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

 
2.6

Debtors

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

 
2.7

Cash

Cash is represented by cash in hand and 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. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
QUIETLY CONFIDENT RECORDS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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, other creditors and loans with related parties.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2023 - 1). 


4.


Debtors

2024
2023
£
£


Trade debtors
17,278
-

Prepayments
711
1,058

17,989
1,058



5.


Cash

2024
2023
£
£

Cash at bank
88,443
90,716



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Amounts owed to connected entities
27,989
23,733

Other taxation and social security
1,966
2,561

Other creditors
3,421
2,845

Accruals
94,084
81,887

127,460
111,026


Page 3

 
QUIETLY CONFIDENT RECORDS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 -2) ordinary shares of £1.00 each
2
2

8.


Transactions with the director

As at the year end, the company owed £3,421 (2023 - £2,845) to the director. This loan is unsecured, interest free and repayable on demand. 

 
Page 4