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REGISTERED NUMBER: 01013171 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

TIMTOBE MUSIC LIMITED

TIMTOBE MUSIC LIMITED (REGISTERED NUMBER: 01013171)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIMTOBE MUSIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr H A Clarke





SECRETARY: Mrs J M Clarke





REGISTERED OFFICE: 55 Loudoun Road
St John's Wood
London
NW8 0DL





BUSINESS ADDRESS: 1 Garden Lane
Tyringham
Newport Pagnell
MK16 9ED





REGISTERED NUMBER: 01013171 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

TIMTOBE MUSIC LIMITED (REGISTERED NUMBER: 01013171)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,833 384

CURRENT ASSETS
Debtors 5 24,060 49,531
Cash at bank 331,563 340,999
355,623 390,530
CREDITORS
Amounts falling due within one year 6 (273,717 ) (92,862 )
NET CURRENT ASSETS 81,906 297,668
TOTAL ASSETS LESS CURRENT LIABILITIES 84,739 298,052

PROVISIONS FOR LIABILITIES 7 (563 ) (73 )
NET ASSETS 84,176 297,979

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 84,173 297,976
SHAREHOLDERS' FUNDS 84,176 297,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

TIMTOBE MUSIC LIMITED (REGISTERED NUMBER: 01013171)

BALANCE SHEET - continued
30 APRIL 2024


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 9 January 2025 and were signed by:





Mr H A Clarke - Director


TIMTOBE MUSIC LIMITED (REGISTERED NUMBER: 01013171)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Timtobe Music Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover represents royalties receivable net of VAT.

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 machinery25% on reducing balance
Fixtures, fittings & equipment25% on reducing balance

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.

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TIMTOBE MUSIC LIMITED (REGISTERED NUMBER: 01013171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023 26,204 9,774 35,978
Additions 2,709 - 2,709
At 30 April 2024 28,913 9,774 38,687
DEPRECIATION
At 1 May 2023 26,002 9,592 35,594
Charge for year 215 45 260
At 30 April 2024 26,217 9,637 35,854
NET BOOK VALUE
At 30 April 2024 2,696 137 2,833
At 30 April 2023 202 182 384

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 610 38,475
Amounts owed by group undertakings 12,071 11,056
Other debtors 11,379 -
24,060 49,531

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 1,219 -
Taxation and social security 1,002 11,638
Other creditors 271,496 81,224
273,717 92,862

7. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 563 73

TIMTOBE MUSIC LIMITED (REGISTERED NUMBER: 01013171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred Other
tax provisions
£    £   
Balance at 1 May 2023 73 -
Charge to Income Statement during year 490 490
Balance at 30 April 2024 563 490

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
3 Ordinary £1 3 3