Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseThe principal activity of the company continued to be that of a consultant in the music industry22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08380550 2023-04-01 2024-03-31 08380550 2022-04-01 2023-03-31 08380550 2024-03-31 08380550 2023-03-31 08380550 c:Director1 2023-04-01 2024-03-31 08380550 d:FurnitureFittings 2023-04-01 2024-03-31 08380550 d:FurnitureFittings 2024-03-31 08380550 d:FurnitureFittings 2023-03-31 08380550 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08380550 d:CurrentFinancialInstruments 2024-03-31 08380550 d:CurrentFinancialInstruments 2023-03-31 08380550 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08380550 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08380550 d:ShareCapital 2024-03-31 08380550 d:ShareCapital 2023-03-31 08380550 d:RetainedEarningsAccumulatedLosses 2024-03-31 08380550 d:RetainedEarningsAccumulatedLosses 2023-03-31 08380550 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08380550 c:OrdinaryShareClass1 2024-03-31 08380550 c:OrdinaryShareClass1 2023-03-31 08380550 c:FRS102 2023-04-01 2024-03-31 08380550 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08380550 c:FullAccounts 2023-04-01 2024-03-31 08380550 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08380550 2 2023-04-01 2024-03-31 08380550 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08380550 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08380550














WHITE SWAN MUSIC LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
WHITE SWAN MUSIC LIMITED
REGISTERED NUMBER:08380550

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
451
201

  
451
201

Current assets
  

Debtors: amounts falling due within one year
 5 
13,765
10,251

Cash at bank and in hand
 6 
1,432
8,825

  
15,197
19,076

Creditors: amounts falling due within one year
 7 
(14,531)
(18,137)

Net current assets
  
 
 
666
 
 
939

Total assets less current liabilities
  
1,117
1,140

Provisions for liabilities
  

Deferred tax
 8 
(113)
(50)

  
 
 
(113)
 
 
(50)

Net assets
  
1,004
1,090


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
904
990

  
1,004
1,090


Page 1

 
WHITE SWAN MUSIC LIMITED
REGISTERED NUMBER:08380550
    
BALANCE SHEET (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 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: 




P G Curran
Director

Date: 20 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
WHITE SWAN MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

White Swan Music Limited is a private company, limited by shares, registered in England and Wales, registration number 08380550. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal place of business is The Cedars, 6 Lebanon Park, Twickenham, Middlesex, TW1 3DG.
The principal activity of the company continued to be that of a consultant in the music industry.

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 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 consulting activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.

 
2.4

Interest income

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

Page 3

 
WHITE SWAN MUSIC 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 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.

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 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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
3 years 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.

 
2.7

Debtors

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

 
2.8

Cash

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

 
2.9

Creditors

Short-term creditors are measured at the transaction price.

Page 4

 
WHITE SWAN MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

 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, other creditors and loans with related parties.

 
2.11

 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 2 (2023 - 2).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost 


At 1 April 2023
3,885


Additions
670



At 31 March 2024

4,555



Depreciation


At 1 April 2023
3,684


Charge for the year
420



At 31 March 2024

4,104



Net book value



At 31 March 2024
451



At 31 March 2023
201

Page 5

 
WHITE SWAN MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,400
7,200

Other debtors
11,365
2,713

Prepayments
-
338

13,765
10,251



6.


Cash

2024
2023
£
£

Cash at bank and in hand
1,432
8,825



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Corporation tax
10,435
12,427

Other taxation and social security
1,777
3,510

Accruals
2,319
2,200

14,531
18,137



8.


Deferred taxation




2024


£






At beginning of year
50


Charged to profit or loss
(63)



At end of year
113

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed assets timing differences
113
50

Page 6

 
WHITE SWAN MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Transactions with directors

During the year, the company advanced £10,896 (2023 - £6,843) to the directors. As at the year end, the directors owed the company £11,364 (2023 - £2,713). The loan is unsecured, repayable on demand and interest at an official rate has been charged. 
During the year, dividends of £43,500 (2023 - £61,000) were paid to the directors.

 
Page 7