Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseThe principal activity of the company continued to be that of sound recording and music publishing activities43truetruefalse 10248063 2023-07-01 2024-06-30 10248063 2022-07-01 2023-06-30 10248063 2024-06-30 10248063 2023-06-30 10248063 c:Director3 2023-07-01 2024-06-30 10248063 d:ComputerEquipment 2023-07-01 2024-06-30 10248063 d:ComputerEquipment 2024-06-30 10248063 d:ComputerEquipment 2023-06-30 10248063 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10248063 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-06-30 10248063 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-30 10248063 d:CurrentFinancialInstruments 2024-06-30 10248063 d:CurrentFinancialInstruments 2023-06-30 10248063 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10248063 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10248063 d:ShareCapital 2024-06-30 10248063 d:ShareCapital 2023-06-30 10248063 d:RetainedEarningsAccumulatedLosses 2024-06-30 10248063 d:RetainedEarningsAccumulatedLosses 2023-06-30 10248063 c:OrdinaryShareClass1 2023-07-01 2024-06-30 10248063 c:OrdinaryShareClass1 2024-06-30 10248063 c:OrdinaryShareClass1 2023-06-30 10248063 c:FRS102 2023-07-01 2024-06-30 10248063 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10248063 c:FullAccounts 2023-07-01 2024-06-30 10248063 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10248063 2 2023-07-01 2024-06-30 10248063 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 10248063 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 10248063 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 10248063 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 10248063 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-07-01 2024-06-30 10248063 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10248063














HAYORI MUSIC PUBLISHING LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
HAYORI MUSIC PUBLISHING LIMITED
REGISTERED NUMBER:10248063

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
176,042
241,042

Tangible assets
 5 
965
3,669

  
177,007
244,711

Current assets
  

Debtors: amounts falling due within one year
 6 
268,490
260,107

Cash at bank and in hand
 7 
87,659
57,697

  
356,149
317,804

Creditors: amounts falling due within one year
 8 
(78,642)
(40,545)

Net current assets
  
 
 
277,507
 
 
277,259

Total assets less current liabilities
  
454,514
521,970

  

Net assets
  
454,514
521,970


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
454,513
521,969

  
454,514
521,970


Page 1

 
HAYORI MUSIC PUBLISHING LIMITED
REGISTERED NUMBER:10248063
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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: 




W A Hector
Director

Date: 14 March 2025

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

Page 2

 
HAYORI MUSIC PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Hayori Music Publishing Limited is a private company, limited by shares, registered in England and Wales, registration number 10248063. 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 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

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 is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover 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.
Turnover from sound recording and music publishing activities are recognised when it is probable the company will receive the rights to the consideration due under the contract.
Royalties receivable are recognised at the year end date by the company.

 
2.4

Interest income

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

Page 3

 
HAYORI MUSIC PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates 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.

 
2.6

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 in the countries where the company operates and generates income.

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. Deferred tax is
determined using tax rates and laws that have been enacted or substantively enacted by the
reporting date.


 
2.7

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.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
HAYORI MUSIC PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
straight-line

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

Debtors

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

 
2.10

 Cash

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

 
2.11

 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.

 
2.12

 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.

 
2.13

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 3).

Page 5

 
HAYORI MUSIC PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Catalogue

£



Cost


At 1 July 2023
650,000



At 30 June 2024

650,000



Amortisation


At 1 July 2023
408,958


Charge for the year 
65,000



At 30 June 2024

473,958



Net book value



At 30 June 2024
176,042



At 30 June 2023
241,042




5.


Tangible fixed assets





Computer equipment

£



Cost


At 1 July 2023
9,418



At 30 June 2024

9,418



Depreciation


At 1 July 2023
5,749


Charge for the year 
2,704



At 30 June 2024

8,453



Net book value



At 30 June 2024
965



At 30 June 2023
3,669

Page 6

 
HAYORI MUSIC PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
5,266
6,492

Other debtors
171,015
170,447

Prepayments and accrued income
68,058
63,029

Deferred taxation
24,151
20,139

268,490
260,107



7.


Cash

2024
2023
£
£

Cash at bank
87,659
57,697



8.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
13,169
2,802

Corporation tax
30,004
12

Other taxation and social security
10,991
12,877

Other creditors
1,464
255

Accruals and deferred income
23,014
24,599

78,642
40,545


Page 7

 
HAYORI MUSIC PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Deferred taxation




2024


£






At beginning of year
(20,139)


Charged to profit or loss
(4,012)



At end of year
(24,151)

The deferred tax asset is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(24,087)
(20,139)

Short term timing differences
(64)
-

(24,151)
(20,139)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately 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 £1,313 (2023 -£1,094). Contributions totalling £255 (2023 - £255) were payable to the fund at the reporting date and are included in creditors.


12.


Transactions with the director

During the year the company advanced £47,195 (2023 - £63,414) to the director.  As at the year end, the director owed £171,015 (2023 - £155,458) to the company. The loan is interest free, unsecured and repayable on demand.

During the year, dividends of £156,000 (2023 - £105,000) was paid to the director.

 
Page 8