Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01The principal activity of the company continued to be that of sound recording and music publishing activities.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12truetruefalse 04398944 2023-04-01 2024-03-31 04398944 2022-04-01 2023-03-31 04398944 2024-03-31 04398944 2023-03-31 04398944 c:Director1 2023-04-01 2024-03-31 04398944 d:ComputerSoftware 2024-03-31 04398944 d:ComputerSoftware 2023-03-31 04398944 d:CurrentFinancialInstruments 2024-03-31 04398944 d:CurrentFinancialInstruments 2023-03-31 04398944 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04398944 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04398944 d:ShareCapital 2024-03-31 04398944 d:ShareCapital 2023-03-31 04398944 d:RetainedEarningsAccumulatedLosses 2024-03-31 04398944 d:RetainedEarningsAccumulatedLosses 2023-03-31 04398944 c:OrdinaryShareClass1 2023-04-01 2024-03-31 04398944 c:OrdinaryShareClass1 2024-03-31 04398944 c:OrdinaryShareClass1 2023-03-31 04398944 c:FRS102 2023-04-01 2024-03-31 04398944 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04398944 c:FullAccounts 2023-04-01 2024-03-31 04398944 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04398944 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 04398944 d:ComputerSoftware d:OwnedIntangibleAssets 2023-04-01 2024-03-31 04398944 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04398944














MADE UP MUSIC LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
MADE UP MUSIC LIMITED
REGISTERED NUMBER:04398944

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,450
-

  
1,450
-

Current assets
  

Debtors: amounts falling due within one year
 5 
7,956
3,209

Cash at bank
 6 
40,309
17,775

  
48,265
20,984

Creditors: amounts falling due within one year
 7 
(44,799)
(19,949)

Net current assets
  
 
 
3,466
 
 
1,035

Total assets less current liabilities
  
4,916
1,035

  

Net assets
  
4,916
1,035


Capital and reserves
  

Called up share capital 
 8 
3
3

Profit and loss account
  
4,913
1,032

  
4,916
1,035


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 year 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 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 director and were signed on its behalf by: 




J V P O’Sullivan
Director

Date: 24 January 2025

Page 1

 
MADE UP MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Made Up Music Limited is a private company, limited by shares, registered in England and Wales, registration number 04398944
During the year the company changed its registered office address from 3rd Floor, 146-148 Clerkenwell Road, London, EC1R 5DG to 28-29 Great Sutton Street, London, EC1V 0DS.
The principal activity of the company continued to be that of sound recording and music publishing activities.

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

Functional and presentation currency

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

 
2.3

Turnover

Turnover 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. 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 at the year end date by the company. Royalties payable are
calculated by reference to statements of account used for determining royalties receivable.
 
 
2.4

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 in the countries where the company operates and generates income.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.


The estimated useful lives range as follows:

Computer software
-
20%
straight-line

 
2.6

Debtors

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

Page 2

 
MADE UP MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Cash

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

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

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, trade and other creditors, and loans with related parties.


3.

Employees


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Intangible assets




Computer software

£



Cost


Additions
1,500



At 31 March 2024

1,500



Amortisation


Charge for the year
50



At 31 March 2024

50



Net book value



At 31 March 2024
1,450



At 31 March 2023
-



Page 3

 
MADE UP MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
4,853
-

Other debtors
1,364
3,209

Accrued income
1,739
-

7,956
3,209



6.


Cash

2024
2023
£
£

Cash at bank
40,309
17,775



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
6,618
13,464

Amounts owed to connected entities
23,022
-

Other creditors
54
-

Accruals
15,105
6,485

44,799
19,949



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



3 (2023 - 3) Ordinary shares of £1.00 each
3
3


 
Page 4