Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3012023-05-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14061179 2023-05-01 2024-04-30 14061179 2022-04-21 2023-04-30 14061179 2024-04-30 14061179 2023-04-30 14061179 c:Director1 2023-05-01 2024-04-30 14061179 d:OfficeEquipment 2023-05-01 2024-04-30 14061179 d:OfficeEquipment 2024-04-30 14061179 d:OfficeEquipment 2023-04-30 14061179 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 14061179 d:ComputerEquipment 2023-05-01 2024-04-30 14061179 d:ComputerEquipment 2024-04-30 14061179 d:ComputerEquipment 2023-04-30 14061179 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 14061179 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 14061179 d:CurrentFinancialInstruments 2024-04-30 14061179 d:CurrentFinancialInstruments 2023-04-30 14061179 d:Non-currentFinancialInstruments 2024-04-30 14061179 d:Non-currentFinancialInstruments 2023-04-30 14061179 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14061179 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14061179 d:ShareCapital 2024-04-30 14061179 d:ShareCapital 2023-04-30 14061179 d:RetainedEarningsAccumulatedLosses 2024-04-30 14061179 d:RetainedEarningsAccumulatedLosses 2023-04-30 14061179 c:OrdinaryShareClass1 2023-05-01 2024-04-30 14061179 c:OrdinaryShareClass1 2024-04-30 14061179 c:OrdinaryShareClass1 2023-04-30 14061179 c:FRS102 2023-05-01 2024-04-30 14061179 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 14061179 c:FullAccounts 2023-05-01 2024-04-30 14061179 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14061179 2 2023-05-01 2024-04-30 14061179 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14061179









VENBEE MUSIC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2024

 
VENBEE MUSIC LIMITED
REGISTERED NUMBER: 14061179

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,797
2,635

  
1,797
2,635

Current assets
  

Debtors: amounts falling due after more than one year
 5 
5,324
-

Debtors: amounts falling due within one year
 5 
8,192
8,187

Cash at bank and in hand
 6 
407,489
151,471

  
421,005
159,658

Creditors: amounts falling due within one year
 7 
(155,923)
(46,621)

Net current assets
  
 
 
265,082
 
 
113,037

Total assets less current liabilities
  
266,879
115,672

  

Net assets
  
266,879
115,672


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
266,878
115,671

  
266,879
115,672


Page 1

 
VENBEE MUSIC LIMITED
REGISTERED NUMBER: 14061179
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

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 period 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 statement of comprehensive income 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 on 15 January 2025.




E V A Doyle
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
VENBEE MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

Venbee Music Limited is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales (registered number 14061179). The company's registered office address is 101 New Cavendish Street, First Floor South, London, England, W1W 6XH.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.
Potential sources of uncertainty noted by the director includes the COVID-19 pandemic. However, at the date of this report it is not possible to reliably determine the effects that this will have on the company.
Accordingly the director has continued to prepare the financial statements on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

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

Page 3

 
VENBEE MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing balance method
Computer equipment
-
33%
Reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
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 and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

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

Page 4

 
VENBEE MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

30 April
Period
30 April
2024
2023
£
£

Wages and salaries
16,187
25,407

Social security costs
970
2,092

17,157
27,499


The average monthly number of employees, including directors, during the period was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
574
2,178
2,752



At 30 April 2024

574
2,178
2,752



Depreciation


At 1 May 2023
120
-
120


Charge for the period on owned assets
114
719
833



At 30 April 2024

234
719
953



Net book value



At 30 April 2024
340
1,459
1,799



At 30 April 2023
455
2,178
2,633

Page 5

 
VENBEE MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
5,324
-

5,324
-


2024
2023
£
£

Due within one year

Trade debtors
8,192
1,312

Other debtors
-
1,875

Prepayments and accrued income
-
5,000

8,192
8,187



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
407,489
151,471

407,489
151,471



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
813

Corporation tax
77,706
28,051

Other taxation and social security
36,801
7,255

Other creditors
36,254
1,002

Accruals and deferred income
5,162
9,500

155,923
46,621



8.


Share capital

2024
2023
Page 6

 
VENBEE MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

8.Share capital (continued)

£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary Share share of £1.00
1
1


 
Page 7