Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13440157 2023-04-01 2024-03-31 13440157 2022-04-01 2023-03-31 13440157 2024-03-31 13440157 2023-03-31 13440157 c:Director1 2023-04-01 2024-03-31 13440157 d:CurrentFinancialInstruments 2024-03-31 13440157 d:CurrentFinancialInstruments 2023-03-31 13440157 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13440157 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13440157 d:ShareCapital 2024-03-31 13440157 d:ShareCapital 2023-03-31 13440157 d:RetainedEarningsAccumulatedLosses 2024-03-31 13440157 d:RetainedEarningsAccumulatedLosses 2023-03-31 13440157 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13440157 c:OrdinaryShareClass1 2024-03-31 13440157 c:OrdinaryShareClass1 2023-03-31 13440157 c:FRS102 2023-04-01 2024-03-31 13440157 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13440157 c:FullAccounts 2023-04-01 2024-03-31 13440157 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13440157 2 2023-04-01 2024-03-31 13440157 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13440157














PRE MUSIC LIMITED

 
UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
PRE MUSIC LIMITED
REGISTERED NUMBER:13440157

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,546,354
1,312,868

Cash at bank
 5 
8,672
813,461

  
1,555,026
2,126,329

Creditors: amounts falling due within one year
 6 
(3,825)
(566,492)

Net current assets
  
 
 
1,551,201
 
 
1,559,837

Total assets less current liabilities
  
1,551,201
1,559,837

  

Net assets
  
1,551,201
1,559,837


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
1,551,101
1,559,737

  
1,551,201
1,559,837


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 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: 




P R Epworth
Director

Date: 25 November 2024

The notes on pages 2 to 4 form part of these financial statements.
Page 1

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

1.


General information

Pre Music Limited is a private company, limited by shares, registered in England and Wales, registration number 13440157. 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 the provision of music publishing services.

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 Companies Act 2006.

 
2.2

Functional and presentation currency

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

 
2.3

Turnover

Turnover 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.
Turnover from music publishing services is recognised when it is probable the company will receive the rights to the consideration due under the contract.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

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.

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 2

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

2.Accounting policies (continued)

 
2.8

Creditors

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

 
2.9

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, and loans with related parties.

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Amounts owed by connected companies
1,514,878
1,286,405

Other debtors
28,959
26,100

Prepayments
491
363

Corporation tax repayable
2,026
-

1,546,354
1,312,868



5.


Cash

2024
2023
£
£

Cash at bank
8,672
813,461



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
604
553

Amounts owed to connected companies
451
451

Corporation tax
-
365,980

Other taxation and social security
-
96,913

Accruals
2,770
102,595

3,825
566,492


Page 3

 
PRE 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



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



 
Page 4