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.false2falsetruetrue2023-04-012 01633651 2023-04-01 2024-03-31 01633651 2022-04-01 2023-03-31 01633651 2024-03-31 01633651 2023-03-31 01633651 c:Director1 2023-04-01 2024-03-31 01633651 d:CurrentFinancialInstruments 2024-03-31 01633651 d:CurrentFinancialInstruments 2023-03-31 01633651 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01633651 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01633651 d:ShareCapital 2024-03-31 01633651 d:ShareCapital 2023-03-31 01633651 d:RetainedEarningsAccumulatedLosses 2024-03-31 01633651 d:RetainedEarningsAccumulatedLosses 2023-03-31 01633651 c:OrdinaryShareClass1 2023-04-01 2024-03-31 01633651 c:OrdinaryShareClass1 2024-03-31 01633651 c:OrdinaryShareClass1 2023-03-31 01633651 c:FRS102 2023-04-01 2024-03-31 01633651 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01633651 c:FullAccounts 2023-04-01 2024-03-31 01633651 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01633651 2 2023-04-01 2024-03-31 01633651 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01633651














NEUTRON MUSIC LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
NEUTRON MUSIC LIMITED
REGISTERED NUMBER:01633651

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
93,641
165,086

Cash at bank
 5 
34,089
18,914

  
127,730
184,000

Creditors: amounts falling due within one year
 6 
(55,693)
(66,210)

Net current assets
  
 
 
72,037
 
 
117,790

Total assets less current liabilities
  
72,037
117,790

  

Net assets
  
72,037
117,790


Capital and reserves
  

Called up share capital 
 7 
102
102

Profit and loss account
  
71,935
117,688

  
72,037
117,790


The directors consider 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 directors acknowledge their 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: 




M D Fry
Director

Date: 22 August 2024

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

Page 1

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

1.


General information

Neutron Music Limited is a private company, limited by shares, registered in England and Wales, registration number 01633651. 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 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 requirements of the Companies Act 2006.

  
2.2

Functional and presentational currency

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

 
2.3

Turnover

Turnover from music publishing 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. 

  
2.4

Royalty income

Royalties receivable are recognised in the accounting year in which it was received.

 
2.5

Interest income

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

 
2.6

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 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.

 
2.7

Debtors

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

 
2.8

Cash

Cash is represented by 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. 

Page 2

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

2.Accounting policies (continued)

 
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 and other creditors.

 
2.11

 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 year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Trade debtors
91,255
164,748

Accrued income and prepayments
2,386
338

93,641
165,086



5.


Cash

2024
2023
£
£

Cash at bank
34,089
18,914



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Corporation tax
37,886
35,711

Other taxation and social security
15,713
28,274

Accruals
2,094
2,225

55,693
66,210


Page 3

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

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



102 (2023 - 102) Ordinary shares of £1.00 each
102
102



8.


Transactions with directors

During the year, dividends of £160,000 (2023 - £103,000) were paid to the directors.

 
Page 4