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REGISTERED NUMBER: 10248168 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

TMD Music Ltd

TMD Music Ltd (Registered number: 10248168)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TMD Music Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: N M Goodwin





REGISTERED OFFICE: 80 Warwick St
Oxford
OX4 1SY





REGISTERED NUMBER: 10248168 (England and Wales)





ACCOUNTANTS: K P Cox Accounting Ltd
20 Wynton Close
Didcot
Oxfordshire
OX11 6FG

TMD Music Ltd (Registered number: 10248168)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 395,337 389,799

CURRENT ASSETS
Debtors 5 2,514 2,388
Investments 6 1,153,319 390,426
Cash at bank 113,556 482,853
1,269,389 875,667
CREDITORS
Amounts falling due within one year 7 631,576 615,271
NET CURRENT ASSETS 637,813 260,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,033,150

650,195

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,033,050 650,095
SHAREHOLDERS' FUNDS 1,033,150 650,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 December 2024 and were signed by:





N M Goodwin - Director


TMD Music Ltd (Registered number: 10248168)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

TMD Music Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

TMD Music Ltd (Registered number: 10248168)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 350,000 136,511 486,511
Additions - 18,500 18,500
At 31 March 2024 350,000 155,011 505,011
DEPRECIATION
At 1 April 2023 - 96,712 96,712
Charge for year - 12,962 12,962
At 31 March 2024 - 109,674 109,674
NET BOOK VALUE
At 31 March 2024 350,000 45,337 395,337
At 31 March 2023 350,000 39,799 389,799

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 2,514 2,388

6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Listed investments 1,027,233 144,937
Investments (cash & deposits) 126,086 245,489
1,153,319 390,426

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 180,666 130,369
Other creditors 450,910 484,902
631,576 615,271

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

TMD Music Ltd (Registered number: 10248168)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
N M Goodwin
Balance outstanding at start of year - 34,700
Amounts repaid - (34,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. ULTIMATE CONTROLLING PARTY

The controlling party is N M Goodwin.