Silverfin false false 31/12/2024 01/01/2024 31/12/2024 M Fineman 07/12/2018 22 January 2025 The principal activity of Marc Fineman Music Ltd ("the Company") is that of music artist management. 11716849 2024-12-31 11716849 bus:Director1 2024-12-31 11716849 2023-12-31 11716849 core:CurrentFinancialInstruments 2024-12-31 11716849 core:CurrentFinancialInstruments 2023-12-31 11716849 core:ShareCapital 2024-12-31 11716849 core:ShareCapital 2023-12-31 11716849 core:RetainedEarningsAccumulatedLosses 2024-12-31 11716849 core:RetainedEarningsAccumulatedLosses 2023-12-31 11716849 core:CostValuation 2023-12-31 11716849 core:AdditionsToInvestments 2024-12-31 11716849 core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 11716849 core:CostValuation 2024-12-31 11716849 2024-01-01 2024-12-31 11716849 bus:FilletedAccounts 2024-01-01 2024-12-31 11716849 bus:SmallEntities 2024-01-01 2024-12-31 11716849 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11716849 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11716849 bus:Director1 2024-01-01 2024-12-31 11716849 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 11716849 (England and Wales)

MARC FINEMAN MUSIC LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

MARC FINEMAN MUSIC LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

MARC FINEMAN MUSIC LTD

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
MARC FINEMAN MUSIC LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 354,094 332,537
354,094 332,537
Current assets
Debtors 4 112 19,033
Cash at bank and in hand 5 67,884 122,741
67,996 141,774
Creditors: amounts falling due within one year 6 ( 1,515) ( 2,504)
Net current assets 66,481 139,270
Total assets less current liabilities 420,575 471,807
Net assets 420,575 471,807
Capital and reserves
Called-up share capital 100 100
Profit and loss account 420,475 471,707
Total shareholder's funds 420,575 471,807

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Marc Fineman Music Ltd (registered number: 11716849) were approved and authorised for issue by the Director. They were signed on its behalf by:

M Fineman
Director

22 January 2025

MARC FINEMAN MUSIC LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
MARC FINEMAN MUSIC LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Marc Fineman Music Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 1 1

3. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 January 2024 332,537 332,537
Additions 3,940 3,940
Movement in fair value 17,617 17,617
At 31 December 2024 354,094 354,094
Carrying value at 31 December 2024 354,094 354,094
Carrying value at 31 December 2023 332,537 332,537

4. Debtors

2024 2023
£ £
Corporation tax 0 14,102
Other debtors 112 4,931
112 19,033

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 67,884 122,741

6. Creditors: amounts falling due within one year

2024 2023
£ £
Other taxation and social security 226 934
Other creditors 1,289 1,570
1,515 2,504