2023-04-012024-03-312024-03-31false01385918TEMPLEMILL MUSIC 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TEMPLEMILL MUSIC LIMITED

Registered Number
01385918
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

TEMPLEMILL MUSIC LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Sophy Tilson Dury
Ronald Michael Harris
Hugh Michael Lask

Company Secretary

Sophy Tilson Dury

Registered Address

101 New Cavendish Street
1st Floor South
London
W1W 6XH

Registered Number

01385918 (England and Wales)
TEMPLEMILL MUSIC LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3115,396115,396
115,396115,396
Current assets
Debtors48,1444,876
Cash at bank and on hand37,63039,063
45,77443,939
Creditors amounts falling due within one year5(49,906)(48,071)
Net current assets (liabilities)(4,132)(4,132)
Total assets less current liabilities111,264111,264
Net assets111,264111,264
Capital and reserves
Called up share capital1,0001,000
Profit and loss account110,264110,264
Shareholders' funds111,264111,264
The financial statements were approved and authorised for issue by the Board of Directors on 11 October 2024, and are signed on its behalf by:
Sophy Tilson Dury
Director
Registered Company No. 01385918
TEMPLEMILL MUSIC LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
Templemill Music Limited is a private company limited by shares and registered in England and Wales (registration number: 01385918). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. The principal activity of the company is that of sound recording and music publishing.
Basis of preparation
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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 01 April 23100,14734,801134,948
At 31 March 24100,14734,801134,948
Depreciation and impairment
At 01 April 23-19,55219,552
At 31 March 24-19,55219,552
Net book value
At 31 March 24100,14715,249115,396
At 31 March 23100,14715,249115,396
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-35
Other debtors8,1444,841
Total8,1444,876
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security26,04820,058
Other creditors20,35824,513
Accrued liabilities and deferred income3,5003,500
Total49,90648,071
6.Related party transactions
Included in other creditors is £14,205 (2023: £18,270) owed to the directors.