Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01false3The principal activity of the company continued to be that of record labels.false3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13182726 2023-04-01 2024-03-31 13182726 2022-04-01 2023-03-31 13182726 2024-03-31 13182726 2023-03-31 13182726 c:Director1 2023-04-01 2024-03-31 13182726 d:CurrentFinancialInstruments 2024-03-31 13182726 d:CurrentFinancialInstruments 2023-03-31 13182726 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13182726 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13182726 d:ShareCapital 2024-03-31 13182726 d:ShareCapital 2023-03-31 13182726 d:RetainedEarningsAccumulatedLosses 2024-03-31 13182726 d:RetainedEarningsAccumulatedLosses 2023-03-31 13182726 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13182726 c:OrdinaryShareClass1 2024-03-31 13182726 c:OrdinaryShareClass1 2023-03-31 13182726 c:FRS102 2023-04-01 2024-03-31 13182726 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13182726 c:FullAccounts 2023-04-01 2024-03-31 13182726 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13182726 2 2023-04-01 2024-03-31 13182726 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13182726














CHURCH RECORDINGS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
CHURCH RECORDINGS LIMITED
REGISTERED NUMBER:13182726

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
12,134
107,678

Cash at bank
 5 
28
16,614

  
12,162
124,292

Creditors: amounts falling due within one year
 6 
(313,825)
(299,889)

Net current liabilities
  
 
 
(301,663)
 
 
(175,597)

Total assets less current liabilities
  
(301,663)
(175,597)

  

Net liabilities
  
(301,663)
(175,597)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(301,763)
(175,697)

  
(301,663)
(175,597)


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

 
CHURCH RECORDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Church Recordings Limited is a private company, limited by shares, registered in England and Wales, registration number 13182726. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. 

The principal place of activity is Church Studios, 145H Crouch Hill, London, N8 9QH.
The principal activity of the company continued to be that of the record labels. 

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

Going concern

The financial statements have been prepared on the going concern basis as the director has confirmed they will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the director is satisfied that the financial statements should be prepared on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

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

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each year end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.4

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 record labels is recognised when it is probable the company will receive the consideration due under the contract.

 
2.5

Interest income

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

Page 2

 
CHURCH RECORDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

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.

 
2.8

Cash

Cash is represented by cash in hand and 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. 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.

 
2.10

 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, trade and other creditors and loans with related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Debtors

2024
2023
£
£


Trade debtors
1,658
414

Amounts owed by connected companies
100
100

Other debtors
9,711
105,907

Prepayments
665
1,257

12,134
107,678


Page 3

 
CHURCH RECORDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Cash

2024
2023
£
£

Cash at bank
28
16,614



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
604
1,557

Amounts owed to connected companies
312,129
297,742

Accruals
1,092
590

313,825
299,889



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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



8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represented contributions payable by the company to the fund and amounted to £NIL (2023 - £857).


9.


Related party transactions

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35, as the company is itself a wholly owned subsidiary of Pre Productions Holdings Limited.

 
Page 4