Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01falseThe principal activity of the company continued to be that of the production of sound recordings.11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01788200 2023-04-01 2024-03-31 01788200 2022-04-01 2023-03-31 01788200 2024-03-31 01788200 2023-03-31 01788200 c:Director1 2023-04-01 2024-03-31 01788200 d:CurrentFinancialInstruments 2024-03-31 01788200 d:CurrentFinancialInstruments 2023-03-31 01788200 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01788200 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01788200 d:ShareCapital 2024-03-31 01788200 d:ShareCapital 2023-03-31 01788200 d:RetainedEarningsAccumulatedLosses 2024-03-31 01788200 d:RetainedEarningsAccumulatedLosses 2023-03-31 01788200 c:OrdinaryShareClass1 2023-04-01 2024-03-31 01788200 c:OrdinaryShareClass1 2024-03-31 01788200 c:OrdinaryShareClass1 2023-03-31 01788200 c:FRS102 2023-04-01 2024-03-31 01788200 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01788200 c:FullAccounts 2023-04-01 2024-03-31 01788200 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01788200 2 2023-04-01 2024-03-31 01788200 6 2023-04-01 2024-03-31 01788200 d:ShareCapitalOtherShareTypes 2024-03-31 01788200 d:ShareCapitalOtherShareTypes 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01788200














STARDUST MUSIC WORLDWIDE LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
STARDUST MUSIC WORLDWIDE LIMITED
REGISTERED NUMBER:01788200

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
802
802

  
802
802

Current assets
  

Debtors: amounts falling due within one year
 5 
123,782
89,841

Cash at bank
 6 
59,823
52,453

  
183,605
142,294

Creditors: amounts falling due within one year
 7 
(178,801)
(152,543)

Net current assets/(liabilities)
  
 
 
4,804
 
 
(10,249)

Total assets less current liabilities
  
5,606
(9,447)

  

Net assets/(liabilities)
  
5,606
(9,447)


Capital and reserves
  

Called up share capital 
 8 
6
6

Profit and loss account
  
5,600
(9,453)

  
5,606
(9,447)


Page 1

 
STARDUST MUSIC WORLDWIDE LIMITED
REGISTERED NUMBER:01788200
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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: 




D A Stewart
Director

Date: 6 November 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
STARDUST MUSIC WORLDWIDE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Stardust Music Worldwide Limited is a private company, limited by shares, registered in England and Wales, registration number 01788200. 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 the production of sound recordings.

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 year 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 are presented in the profit and loss account within 'administrative 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 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 the production of sound recordings 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 date by the company. Royalties payable are calculated by reference to statements of account used for determining royalties receivable.

 
2.4

Interest income

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

Page 3

 
STARDUST MUSIC WORLDWIDE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

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.

 
2.8

Cash

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

 
2.9

 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.

 
2.10

 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.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 April 2023
802



At 31 March 2024
802




Page 4

 
STARDUST MUSIC WORLDWIDE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
1,603
1,662

Amounts owed by connected companies
99,520
32,508

Other debtors
914
54,530

Prepayments and accrued income
21,745
847

Deferred taxation
-
294

123,782
89,841



6.


Cash

2024
2023
£
£

Cash at bank
59,823
52,453



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
-
7,064

Tax due to HMRC
-
953

Director's loan account
171,615
110,657

Accruals
7,186
33,869

178,801
152,543


D a Phillips & Co Ltd and Coutts & Company hold a charge over the assets of the company in respect of all the amounts due from the company.


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 -1) ordinary share of £6 each
6
6

          
 

9.


Transactions with the director

As at the year end, the company owed the director £171,615 (2023 - £110,657). The loan is interest free, unsecured and repayable on demand.  

 
Page 5