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REGISTERED NUMBER: 02183753 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

WATER MUSIC PRODUCTIONS LIMITED

WATER MUSIC PRODUCTIONS LIMITED (REGISTERED NUMBER: 02183753)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WATER MUSIC PRODUCTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P J Lawlor
T D Lawlor





SECRETARY: T D Lawlor





REGISTERED OFFICE: 55 Loudoun Road
St Johns Wood
London
NW8 0DL





REGISTERED NUMBER: 02183753 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

WATER MUSIC PRODUCTIONS LIMITED (REGISTERED NUMBER: 02183753)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 42,787 56,421

CURRENT ASSETS
Debtors 5 6,354 -
Cash at bank 93,030 102,748
99,384 102,748
CREDITORS
Amounts falling due within one year 6 (48,029 ) (47,185 )
NET CURRENT ASSETS 51,355 55,563
TOTAL ASSETS LESS CURRENT LIABILITIES 94,142 111,984

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 93,142 110,984
SHAREHOLDERS' FUNDS 94,142 111,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WATER MUSIC PRODUCTIONS LIMITED (REGISTERED NUMBER: 02183753)

BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





P J Lawlor - Director


WATER MUSIC PRODUCTIONS LIMITED (REGISTERED NUMBER: 02183753)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Water Music Productions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover
Turnover represents amounts receivable for services net of Value Added Tax.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Furniture, fittings and studio equipment - 25% reducing balance
Computer equipment - 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Foreign currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

WATER MUSIC PRODUCTIONS LIMITED (REGISTERED NUMBER: 02183753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Royalties payable
Advances paid to the writers and composers which are non-returnable are charged to the profit and loss account in the accounting period in which they are paid. Unless recoupable against advances, royalties are charged to the profit and loss account on an accruals basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 103,105
Additions 512
At 30 April 2024 103,617
DEPRECIATION
At 1 May 2023 46,684
Charge for year 14,146
At 30 April 2024 60,830
NET BOOK VALUE
At 30 April 2024 42,787
At 30 April 2023 56,421

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 6,354 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 3,666 1,782
Amounts owed to group undertakings 40,436 40,436
Taxation and social security 1,310 549
Other creditors 2,617 4,418
48,029 47,185

WATER MUSIC PRODUCTIONS LIMITED (REGISTERED NUMBER: 02183753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. RELATED PARTY DISCLOSURES

As at 30 April 2024, the company owed £1,117 to the directors (2023: £1,913).