MWR Records Retro Limited 11427015 false 2022-07-01 2023-11-30 2023-11-30 The principal activity of the company is sound recording and music publishing activities. Digita Accounts Production Advanced 6.30.9574.0 true true 11427015 2022-07-01 2023-11-30 11427015 2023-11-30 11427015 core:CurrentFinancialInstruments 2023-11-30 11427015 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 11427015 bus:SmallEntities 2022-07-01 2023-11-30 11427015 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-11-30 11427015 bus:FullAccounts 2022-07-01 2023-11-30 11427015 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-11-30 11427015 bus:RegisteredOffice 2022-07-01 2023-11-30 11427015 bus:Director1 2022-07-01 2023-11-30 11427015 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-11-30 11427015 countries:EnglandWales 2022-07-01 2023-11-30 11427015 2021-07-01 2022-06-30 11427015 2022-06-30 11427015 core:CurrentFinancialInstruments 2022-06-30 11427015 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 11427015

Prepared for the registrar

MWR Records Retro Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 July 2022 to 30 November 2023

 

MWR Records Retro Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

MWR Records Retro Limited

Company Information

Director

M R Waterhouse

Registered office

407 Asha Point
Park Central East
2 New Lion Way
London
SE17 1GS

Accountants

Hazlewoods LLP
Windsor House
Bayshill House
Cheltenham
GL50 3AT

 

MWR Records Retro Limited

(Registration number: 11427015)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

855

-

Cash at bank and in hand

 

672

2,624

 

1,527

2,624

Creditors: Amounts falling due within one year

6

(1,813)

(2,732)

Net liabilities

 

(286)

(108)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(386)

(208)

Shareholders' deficit

 

(286)

(108)

For the financial period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 24 November 2024
 


M R Waterhouse
Director

 

MWR Records Retro Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 November 2023

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
407 Asha Point
Park Central East
2 New Lion Way
London
SE17 1GS

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

MWR Records Retro Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 November 2023

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2022 - 1).

 

4

Taxation

The company had tax losses of £178 (2022: £208) to carry forward against profits of the same trade.

 

5

Debtors

Note

30 November 2023
 £

Amounts owed by related parties

7

855

   

855

 

6

Creditors

Note

30 November 2023
 £

30 June 2022
 £

Due within one year

 

Amounts due to related parties

7

-

2,544

Accrued expenses

 

1,813

188

 

1,813

2,732

 

MWR Records Retro Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 30 November 2023

 

7

Related party transactions

Summary of transactions with other related parties
At 30 November 2023 the company was owed £855 (2022: £2,544 owed to) from Matt Waterhouse Represents Limited, its parent company.

 

8

Parent and ultimate parent undertaking

The company's immediate parent is Matt Waterhouse Represents Limited, incorporated in England and Wales.