Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-01falsetruefalseNo description of principal activity00The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02903432 2023-04-01 2024-03-31 02903432 2022-04-01 2023-03-31 02903432 2024-03-31 02903432 2023-03-31 02903432 c:Director1 2023-04-01 2024-03-31 02903432 d:FurnitureFittings 2023-04-01 2024-03-31 02903432 d:FurnitureFittings 2024-03-31 02903432 d:FurnitureFittings 2023-03-31 02903432 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02903432 d:ComputerEquipment 2023-04-01 2024-03-31 02903432 d:ComputerEquipment 2024-03-31 02903432 d:ComputerEquipment 2023-03-31 02903432 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02903432 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 02903432 d:OtherPropertyPlantEquipment 2024-03-31 02903432 d:OtherPropertyPlantEquipment 2023-03-31 02903432 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02903432 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02903432 d:CurrentFinancialInstruments 2024-03-31 02903432 d:CurrentFinancialInstruments 2023-03-31 02903432 d:Non-currentFinancialInstruments 2024-03-31 02903432 d:Non-currentFinancialInstruments 2023-03-31 02903432 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02903432 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02903432 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02903432 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02903432 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 02903432 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 02903432 d:ShareCapital 2024-03-31 02903432 d:ShareCapital 2023-03-31 02903432 d:RetainedEarningsAccumulatedLosses 2024-03-31 02903432 d:RetainedEarningsAccumulatedLosses 2023-03-31 02903432 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 02903432 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 02903432 c:FRS102 2023-04-01 2024-03-31 02903432 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02903432 c:FullAccounts 2023-04-01 2024-03-31 02903432 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02903432 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 02903432











LONDON METROPOLITAN ORCHESTRA LIMITED
Unaudited
Financial statements
For the Year Ended 31 March 2024

















Coveney Nicholls Limited
Chartered Accountants
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD

 
LONDON METROPOLITAN ORCHESTRA LIMITED
Registered number:02903432

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
45,890
64,658

  
45,890
64,658

Current assets
  

Debtors: amounts falling due within one year
  
-
4,006

Cash at bank and in hand
  
(2,972)
7,390

  
(2,972)
11,396

Creditors: amounts falling due within one year
  
(143,346)
(165,805)

Net current liabilities
  
 
 
(146,318)
 
 
(154,409)

Total assets less current liabilities
  
(100,428)
(89,751)

Creditors: amounts falling due after more than one year
  
(13,092)
(32,327)

Provisions for liabilities
  

Deferred tax
  
(498)
-

  
 
 
(498)
 
 
-

Net liabilities
  
(114,018)
(122,078)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(114,118)
(122,178)

  
(114,018)
(122,078)


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
LONDON METROPOLITAN ORCHESTRA LIMITED
Registered number:02903432
    
Balance Sheet (continued)
As at 31 March 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 March 2025.


Andrew Trevor Brown
Director

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

Page 2

 
LONDON METROPOLITAN ORCHESTRA LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 March 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Wheel House, 31-37 Church Street, Reigate, Surrey, RH2 0AD.

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

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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 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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
LONDON METROPOLITAN ORCHESTRA LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.5

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 income 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 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.


 
2.6

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, on both a straight line and reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
Reducing balance
Computer equipment
-
25%
Straight line
Other fixed assets
-
10%
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.

Page 4

 
LONDON METROPOLITAN ORCHESTRA LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

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


3.


Employees

2024
2023
£
£

Wages and salaries
194,132
909,226

194,132
909,226


Page 5

 
LONDON METROPOLITAN ORCHESTRA LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 March 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Yacht
Total

£
£
£
£



Cost or valuation


At 1 April 2023
22,828
25,930
187,317
236,075


Additions
204
83
-
287



At 31 March 2024

23,032
26,013
187,317
236,362



Depreciation


At 1 April 2023
22,131
23,286
126,000
171,417


Charge for the year on owned assets
135
920
18,000
19,055



At 31 March 2024

22,266
24,206
144,000
190,472



Net book value



At 31 March 2024
766
1,807
43,317
45,890



At 31 March 2023
697
2,644
61,317
64,658


5.


Debtors

2024
2023
£
£


Trade debtors
-
4,006

-
4,006



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
(2,972)
7,390

(2,972)
7,390


Page 6

 
LONDON METROPOLITAN ORCHESTRA LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 March 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,183
-

Trade creditors
9,120
71,472

Other taxation and social security
6,599
16,746

Other creditors
112,204
65,158

Accruals and deferred income
5,240
12,429

143,346
165,805



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,092
32,327

13,092
32,327



9.


Loans


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,183
-


10,183
-

Amounts falling due 1-2 years

Bank loans
13,091
32,327


13,091
32,327



23,274
32,327


Page 7

 
LONDON METROPOLITAN ORCHESTRA LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 March 2024

10.


Deferred taxation




2024


£






Charged to profit or loss
(498)



At end of year
(498)

2024
2023
£
£


Tax losses carried forward
(498)
-

(498)
-

 
Page 8