Company registration number 12488501 (England and Wales)
SIMSARA MUSIC LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
SIMSARA MUSIC LTD
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 4
SIMSARA MUSIC LTD
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF SIMSARA MUSIC LTD
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Simsara Music Ltd for the year ended 29 February 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

This report is made solely to the board of directors of Simsara Music Ltd, as a body, in accordance with the terms of our engagement letter dated 1 November 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Simsara Music Ltd. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Simsara Music Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Simsara Music Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Simsara Music Ltd. You consider that Simsara Music Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Simsara Music Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

YMU Business Management Limited
28 November 2024
Accountants
180 Great Portland Street
London
W1W 5QZ
SIMSARA MUSIC LTD
BALANCE SHEET
AS AT 29 FEBRUARY 2024
2024-02-29
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2,843
3,114
Current assets
Debtors
3
16,074
6,363
Cash at bank and in hand
10,883
29,224
26,957
35,587
Creditors: amounts falling due within one year
4
(24,858)
(41,103)
Net current assets/(liabilities)
2,099
(5,516)
Net assets/(liabilities)
4,942
(2,402)
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
4,941
(2,403)
Total equity
4,942
(2,402)

For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 28 November 2024
Ms S E M Hefni
Director
Company registration number 12488501 (England and Wales)
SIMSARA MUSIC LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 3 -
1
Accounting policies
Company information

Simsara Music Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 39 Beaumont Court Sutton Lane North, London, England, W4 4LE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable in relation to fees received for music management and consultancy.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Financial instruments

The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

SIMSARA MUSIC LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
7,689
-
0
Other debtors
8,385
6,363
16,074
6,363
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
10,583
Corporation tax
1,880
-
0
Other taxation and social security
33
67
Other creditors
22,945
30,453
24,858
41,103
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
2024-02-292023-03-01false28 November 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMs S E M Hefnifalsefalse1124885012023-03-012024-02-29124885012024-02-29124885012023-02-2812488501core:CurrentFinancialInstrumentscore:WithinOneYear2024-02-2912488501core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2812488501core:CurrentFinancialInstruments2024-02-2912488501core:CurrentFinancialInstruments2023-02-2812488501core:ShareCapital2024-02-2912488501core:ShareCapital2023-02-2812488501core:RetainedEarningsAccumulatedLosses2024-02-2912488501core:RetainedEarningsAccumulatedLosses2023-02-2812488501bus:Director12023-03-012024-02-2912488501core:PlantMachinery2023-03-012024-02-2912488501core:WithinOneYear2024-02-2912488501core:WithinOneYear2023-02-2812488501bus:PrivateLimitedCompanyLtd2023-03-012024-02-2912488501bus:SmallCompaniesRegimeForAccounts2023-03-012024-02-2912488501bus:FRS1022023-03-012024-02-2912488501bus:AuditExemptWithAccountantsReport2023-03-012024-02-2912488501bus:FullAccounts2023-03-012024-02-29xbrli:purexbrli:sharesiso4217:GBP