Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1The principal activity to the company continued to be that of sound recording and music publishing activities.1falsetrue2023-03-01false 08400606 2023-03-01 2024-02-29 08400606 2022-03-01 2023-02-28 08400606 2024-02-29 08400606 2023-02-28 08400606 c:Director1 2023-03-01 2024-02-29 08400606 d:CurrentFinancialInstruments 2024-02-29 08400606 d:CurrentFinancialInstruments 2023-02-28 08400606 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 08400606 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08400606 d:ShareCapital 2024-02-29 08400606 d:ShareCapital 2023-02-28 08400606 d:RetainedEarningsAccumulatedLosses 2024-02-29 08400606 d:RetainedEarningsAccumulatedLosses 2023-02-28 08400606 c:OrdinaryShareClass1 2023-03-01 2024-02-29 08400606 c:OrdinaryShareClass1 2024-02-29 08400606 c:OrdinaryShareClass1 2023-02-28 08400606 c:FRS102 2023-03-01 2024-02-29 08400606 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08400606 c:FullAccounts 2023-03-01 2024-02-29 08400606 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08400606 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08400606









MIEL CREATIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
MIEL CREATIONS LIMITED
REGISTERED NUMBER: 08400606

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
20,223
4,603

Cash at bank and in hand
 5 
2,325
26,121

  
22,548
30,724

Creditors: amounts falling due within one year
 6 
(6,107,716)
(5,595,172)

Net current liabilities
  
 
 
(6,085,168)
 
 
(5,564,448)

Total assets less current liabilities
  
(6,085,168)
(5,564,448)

  

Net liabilities
  
(6,085,168)
(5,564,448)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(6,085,268)
(5,564,548)

  
(6,085,168)
(5,564,448)


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 statement of comprehensive income 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 on 19 November 2024.




M De Botton
Director

Page 1

 
MIEL CREATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Miel Creations Limited is a private company limited by shares and incorporated in England and
Wales (registration number: 08400606). The registered office address is 101 New Cavendish Streeet, 1st
Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the Company.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the director has obtained assurances from its immediate and ultimate parent company to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.
  
Accordingly the director has continued to prepare the financial statements on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
MIEL CREATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




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


4.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
20,218
4,593

Prepayments and accrued income
5
10

20,223
4,603



5.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
2,325
26,121

2,325
26,121


Page 3

 
MIEL CREATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Other creditors
6,089,675
5,559,295

Accruals and deferred income
18,041
35,877

6,107,716
5,595,172



7.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares shares of £1.00 each
100
100



8.


Related party transactions

Included in other creditors is £6,089,675 (2023: £5,559,175) owed to the director. 

 
Page 4