Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31true2023-02-01falseThe principal activity of the company continued to be that of music publishing.33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01181223 2023-02-01 2024-01-31 01181223 2022-02-01 2023-01-31 01181223 2024-01-31 01181223 2023-01-31 01181223 c:Director1 2023-02-01 2024-01-31 01181223 d:FurnitureFittings 2023-02-01 2024-01-31 01181223 d:OfficeEquipment 2023-02-01 2024-01-31 01181223 d:ComputerEquipment 2023-02-01 2024-01-31 01181223 d:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 01181223 d:OtherPropertyPlantEquipment 2024-01-31 01181223 d:OtherPropertyPlantEquipment 2023-01-31 01181223 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 01181223 d:LeaseholdInvestmentProperty 2024-01-31 01181223 d:LeaseholdInvestmentProperty 2023-01-31 01181223 d:CurrentFinancialInstruments 2024-01-31 01181223 d:CurrentFinancialInstruments 2023-01-31 01181223 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 01181223 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 01181223 d:ShareCapital 2024-01-31 01181223 d:ShareCapital 2023-01-31 01181223 d:RetainedEarningsAccumulatedLosses 2024-01-31 01181223 d:RetainedEarningsAccumulatedLosses 2023-01-31 01181223 c:FRS102 2023-02-01 2024-01-31 01181223 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 01181223 c:FullAccounts 2023-02-01 2024-01-31 01181223 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 01181223 2 2023-02-01 2024-01-31 01181223 6 2023-02-01 2024-01-31 01181223 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 01181223 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 01181223 d:TaxLossesCarry-forwardsDeferredTax 2024-01-31 01181223 d:TaxLossesCarry-forwardsDeferredTax 2023-01-31 01181223 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Registered number: 01181223














NODDY HOLDER MUSIC LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
NODDY HOLDER MUSIC LIMITED
REGISTERED NUMBER:01181223

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
As restated
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
45,360
4,901

Investments
 5 
50
50

Investment property
 6 
986,867
986,867

  
1,032,277
991,818

Current assets
  

Debtors: amounts falling due within one year
 7 
19,680
27,584

Cash at bank and in hand
 8 
1,892,503
1,824,186

  
1,912,183
1,851,770

Creditors: amounts falling due within one year
 9 
(224,046)
(138,168)

Net current assets
  
 
 
1,688,137
 
 
1,713,602

Total assets less current liabilities
  
2,720,414
2,705,420

Provisions for liabilities
  

Deferred tax
 10 
(3,414)
(44)

  
 
 
(3,414)
 
 
(44)

Net assets
  
2,717,000
2,705,376


Capital and reserves
  

Called up share capital 
 11 
1,000
1,000

Profit and loss account
  
2,716,000
2,704,376

  
2,717,000
2,705,376


Page 1

 
NODDY HOLDER MUSIC LIMITED
REGISTERED NUMBER:01181223
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

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 year 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: 




N J Holder
Director

Date: 28 January 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
NODDY HOLDER MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Noddy Holder Music Limited is a private company, limited by shares, registered in England and Wales, registration number 01181223. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. 

The principal activity of the company continued to be that of music publishing.

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 Companies Act 2006.

 
2.2

Foreign currency translation

Functional and presentation currency

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

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each year end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover from music publishing is recognised when it is probable the company will receive the rights to the consideration due under the contract. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
 
Royalties receivable are recognised in the accounting year in which it was received.

 
2.4

Interest income

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

 
2.5

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.
 
Page 3

 
NODDY HOLDER MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, 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.

Page 4

 
NODDY HOLDER MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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:

Fixtures and fittings
-
25% reducing balance
Studio and musical equipment
-
25% reducing balance
Computer equipment
-
25% reducing balance

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.

 
2.9

 Investment property

Investment property is carried at fair value determined annually by directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.10

 Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.11

 Debtors

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

 
2.12

 Cash

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

 
2.13

 Creditors

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

 
2.14

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans with other third parties and loans with related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3). 

Page 5

 
NODDY HOLDER MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Other fixed assets

£



Cost 


At 1 February 2023
59,065


Additions
48,831



At 31 January 2024

107,896



Depreciation


At 1 February 2023
54,164


Charge for the year
8,372



At 31 January 2024

62,536



Net book value



At 31 January 2024
45,360



At 31 January 2023
4,901


5.


Fixed asset investments





Investment in a subsidiary company

£



Cost 


At 1 February 2023
50



At 31 January 2024

50






Net book value



At 31 January 2024
50



At 31 January 2023
50

Page 6

 
NODDY HOLDER MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Investment property


Long term leasehold investment property

£



Valuation


At 1 February 2023
986,867



At 31 January 2024
986,867

The 2024 valuations were made by the director, on an open market value for existing use basis.





7.


Debtors

2024
2023
£
£


Trade debtors
-
3,000

Other debtors
3,724
586

Prepayments and accrued income
15,956
23,998

19,680
27,584



8.


Cash

2024
2023
£
£

Cash at bank
1,892,503
1,824,186



9.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
95
-

Corporation tax
-
89,028

Other taxation and social security
19,364
8,007

Other creditors
54,147
28,200

Accruals and deferred income
150,440
12,933

224,046
138,168


Page 7

 
NODDY HOLDER MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Deferred taxation




2024


£






At beginning of year
44


Charged to profit or loss
3,370



At end of year
3,414

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed assets timing difference
10,218
44

Losses and other deductions
(6,804)
-

3,414
44


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 -1,000) ordinary shares of £1.00 each
1,000
1,000


12.


Prior year adjustment

The fair value reserve was not transferred to retained earnings as the freehold property was disposed during the prior year. Comparative amounts have been restated accordingly.
The effect of these adjustments is to decrease fair value reserve from £234,468 to £NIL and increase retained earnings from £2,469,908 to £2,704,376.


13.


Pension commitments

The company contributes to a defined contribution pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,128 (2023 - £7,128).


14.


Transactions with directors

As at the year end, the company owed £49,293 (2023 - £23,156) to the directors. The loan is unsecured, repayable on demand and interest free.
During the year, the company advanced £221,008  to the directors. This loan has been repaid in full during the year and interest has been charged at the official rate.

 
Page 8