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REGISTERED NUMBER: 09878150 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Klassics Music Management Limited

Klassics Music Management Limited (Registered number: 09878150)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Klassics Music Management Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A Primicerio





SECRETARY:





REGISTERED OFFICE: 111 Park Street, Mayfair
London
W1K 7JF





REGISTERED NUMBER: 09878150 (England and Wales)





ACCOUNTANTS: A.C.T. London Limited
27 Hill Street
Mayfair, London
W1J 5LP

Klassics Music Management Limited (Registered number: 09878150)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,922 13,232
Investments 5 50 50
6,972 13,282

CURRENT ASSETS
Debtors 6 840,485 262,108
Investments 7 6,340,764 536,475
Cash at bank 1,206,029 1,596,729
8,387,278 2,395,312
CREDITORS
Amounts falling due within one year 8 3,356,933 401,512
NET CURRENT ASSETS 5,030,345 1,993,800
TOTAL ASSETS LESS CURRENT LIABILITIES 5,037,317 2,007,082

CREDITORS
Amounts falling due after more than one year 9 3,067,879 1,340,448
NET ASSETS 1,969,438 666,634

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,969,437 666,633
1,969,438 666,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 November 2024 and were signed by:



A Primicerio - Director


Klassics Music Management Limited (Registered number: 09878150)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Klassics Music Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Klassics Music Management Limited (Registered number: 09878150)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 26,879
Additions 1,365
At 31 December 2023 28,244
DEPRECIATION
At 1 January 2023 13,647
Charge for year 7,675
At 31 December 2023 21,322
NET BOOK VALUE
At 31 December 2023 6,922
At 31 December 2022 13,232

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 50
NET BOOK VALUE
At 31 December 2023 50
At 31 December 2022 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 661,704 62,396
Other debtors 178,781 199,712
840,485 262,108

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Treasury Deposit 6,340,764 536,475

Klassics Music Management Limited (Registered number: 09878150)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 315,092 19,286
Taxation and social security 896,739 306,184
Other creditors 2,145,102 76,042
3,356,933 401,512

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 3,067,879 1,340,448