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AVALON MEDIA MUSIC LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
Avalon Media Music Limited is a private company, limited by shares, registered in England and Wales, registration number 14624209. The registered office address is Suite F7 Coveham House, Downside Bridge Road, Cobham, KT11 3EP.
The company was incorporated on 30 January 2023 and commenced trading on the same date.
The company has extended its accounting period from 31 January 2024 to 31 March 2024.
The principal activity of the company is that of music licensing.
2.Accounting policies
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Basis of preparation of financial statements
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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.
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Functional and presentation currency
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The company's functional and presentational currency is pound sterling.
Short-term debtors are measured at transaction price, less any impairment.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price.
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.
The average monthly number of employees, including directors, during the period was 2.
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