Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-02-06truetruefalse 14640978 2023-02-05 14640978 2023-02-06 2024-03-31 14640978 2022-02-03 2023-02-05 14640978 2024-03-31 14640978 c:Director2 2023-02-06 2024-03-31 14640978 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 14640978 d:CurrentFinancialInstruments 2024-03-31 14640978 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14640978 d:ShareCapital 2024-03-31 14640978 d:RetainedEarningsAccumulatedLosses 2024-03-31 14640978 c:OrdinaryShareClass1 2023-02-06 2024-03-31 14640978 c:OrdinaryShareClass1 2024-03-31 14640978 c:FRS102 2023-02-06 2024-03-31 14640978 c:AuditExempt-NoAccountantsReport 2023-02-06 2024-03-31 14640978 c:FullAccounts 2023-02-06 2024-03-31 14640978 c:PrivateLimitedCompanyLtd 2023-02-06 2024-03-31 14640978 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-02-06 2024-03-31 14640978 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-02-06 2024-03-31 14640978 e:PoundSterling 2023-02-06 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14640978














235 AF LIMITED

 
UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2024

 
235 AF LIMITED
REGISTERED NUMBER:14640978

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Intangible assets
 4 
1,192,866

  
1,192,866

Current assets
  

Debtors: amounts falling due within one year
 5 
260,454

Cash at bank
 6 
9,673

  
270,127

Creditors: amounts falling due within one year
 7 
(1,614,651)

Net current liabilities
  
 
 
(1,344,524)

Total assets less current liabilities
  
(151,658)

  

Net liabilities
  
(151,658)


Capital and reserves
  

Called up share capital 
 8 
2

Profit and loss account
  
(151,660)

  
(151,658)


The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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: 




A Roald
Director

Date: 2 December 2024

The notes on pages 3 to 5 form part of these financial statements.
1

 
235 AF LIMITED
REGISTERED NUMBER:14640978
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


2

 
235 AF LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

235 AF Limited is a private company, limited by shares, registered in England and Wales, registration number 14640978. The registered office address is Suite F7 Coveham House, Downside Bridge Road, Cobham, KT11 3EP. 

The company was incorporated on 6 February 2023 and commenced trading on the same date.

The company has extended its accounting period from 28 February 2024 to 31 March 2024.
 
The principal activity of the company is that of the acquisition and management of music catalogue. 

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 requirements of the Companies Act 2006.

  
2.2

Functional and presentation currency

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

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. 

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Included within intangible assets is a music catalogue and the music catalogue is amortised over a 10 year period.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.6

Cash

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

 
2.7

Creditors

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

3

 
235 AF LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.8

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 third parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 2. 


4.


Intangible assets



Catalogue

£



Cost


Additions
1,211,116



At 31 March 2024

1,211,116



Amortisation


Charge for the period
18,250



At 31 March 2024

18,250



Net book value



At 31 March 2024
1,192,866




5.


Debtors

2024
£


Other debtors
260,454



6.


Cash

2024
£

Cash at bank
9,673


4

 
235 AF LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Creditors: amounts falling due within one year

2024
£

Trade creditors
421,539

Other creditors
1,185,462

Accruals
7,650

1,614,651



8.


Share capital

2024
£
Allotted, called up and fully paid


2 Ordinary shares of £1.00 each
2


On incorporation, 2 ordinary shares were issued at an average share price of £1 with an aggregate subscription price and an aggregate nominal value of £2.

 
5