Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13918489 2023-04-01 2024-03-31 13918489 2022-02-16 2023-03-31 13918489 2024-03-31 13918489 2023-03-31 13918489 1 2023-04-01 2024-03-31 13918489 d:Director1 2023-04-01 2024-03-31 13918489 d:Director2 2023-04-01 2024-03-31 13918489 d:Director3 2023-04-01 2024-03-31 13918489 d:RegisteredOffice 2023-04-01 2024-03-31 13918489 c:CurrentFinancialInstruments 2024-03-31 13918489 c:CurrentFinancialInstruments 2023-03-31 13918489 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 13918489 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 13918489 c:ShareCapital 2024-03-31 13918489 c:ShareCapital 2023-03-31 13918489 c:RetainedEarningsAccumulatedLosses 2024-03-31 13918489 c:RetainedEarningsAccumulatedLosses 2023-03-31 13918489 d:FRS102 2023-04-01 2024-03-31 13918489 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13918489 d:FullAccounts 2023-04-01 2024-03-31 13918489 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 13918489







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


TILEYARD RECORDS LIMITED






































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TILEYARD RECORDS LIMITED
 


 
COMPANY INFORMATION


Directors
C Arme 
M Harwood 
P Kempe 




Registered number
13918489



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Trading Address
First Floor
Unit 23

Tileyard Road

London

N7 9AH






Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


TILEYARD RECORDS LIMITED
REGISTERED NUMBER:13918489



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
Period ending 31 March 2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
208,589
99,240

Cash at bank and in hand
  
561
-

  
209,150
99,240

Creditors: amounts falling due within one year
 5 
(492,237)
(215,606)

Net current liabilities
  
 
 
(283,087)
 
 
(116,366)

Total assets less current liabilities
  
(283,087)
(116,366)

  

Net liabilities
  
(283,087)
(116,366)


Capital and reserves
  

Called up share capital 
  
70
70

Profit and loss account
  
(283,157)
(116,436)

  
(283,087)
(116,366)


Page 1

 


TILEYARD RECORDS LIMITED
REGISTERED NUMBER:13918489


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 statement of income and retained earnings 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: 




M Harwood
Director

Date: 5 March 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


TILEYARD RECORDS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Tileyard Records Limited is a private company, limited by shares, registered in England and Wales, company registration number 13918489. The registered office is Lynton House, 7-12 Tavistock Square, London,United Kingdom, WC1H 9LT and the principal place of business is First Floor, Unit 23, Tileyard Road, London, N7 9AH.
The company was incorporated on 16 February 2022 and the comparative period was prepared on a 13 month period from 16 February 2022 to 31 March 2023. 

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

As at the period end the company had net current liabilities. The company has loans from companies with beneficial owners in common, that have been confirmed will only be repaid when the company is in a position to do so. The directors have assessed the working capital requirements and believe the company is able to meet the liabilities as they fall due. On this basis the directors have deemed it reasonable to prepare the accounts on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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 period 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 resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 


TILEYARD RECORDS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue 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. Revenue is generated through digital sales to distributors and measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Financial instruments

The Company only enters into basic financial instrument 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 related parties and investments in ordinary shares.


3.


Employees

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

Page 4

 


TILEYARD RECORDS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
Period ending 31 March 2023
£
£


Trade debtors
997
-

Other debtors
197,393
99,240

Prepayments and accrued income
10,199
-

208,589
99,240



5.


Creditors: Amounts falling due within one year

2024
Period ending 31 March 2023
£
£

Trade creditors
47,110
25,714

Other taxation and social security
-
15,421

Other creditors
432,538
171,471

Accruals and deferred income
12,589
3,000

492,237
215,606



6.


Post balance sheet events

After the year end, the company has become a guarantor for a loan to a company with beneficial owners in common. The total facility available is £1,510,374.

 
Page 5