Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30truefalseNo description of principal activity2023-07-0103trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12699353 2023-07-01 2024-06-30 12699353 2022-07-01 2023-06-30 12699353 2024-06-30 12699353 2023-06-30 12699353 c:Director1 2023-07-01 2024-06-30 12699353 d:CurrentFinancialInstruments 2024-06-30 12699353 d:CurrentFinancialInstruments 2023-06-30 12699353 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12699353 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12699353 d:ShareCapital 2024-06-30 12699353 d:ShareCapital 2023-06-30 12699353 d:RetainedEarningsAccumulatedLosses 2024-06-30 12699353 d:RetainedEarningsAccumulatedLosses 2023-06-30 12699353 c:OrdinaryShareClass1 2023-07-01 2024-06-30 12699353 c:OrdinaryShareClass1 2024-06-30 12699353 c:OrdinaryShareClass1 2023-06-30 12699353 c:FRS102 2023-07-01 2024-06-30 12699353 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12699353 c:FullAccounts 2023-07-01 2024-06-30 12699353 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12699353 2 2023-07-01 2024-06-30 12699353 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12699353









ANOTHER RHYTHM LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
ANOTHER RHYTHM LTD
REGISTERED NUMBER: 12699353

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
127,983
93,871

Cash at bank and in hand
  
96,424
99,183

  
224,407
193,054

Creditors: amounts falling due within one year
 5 
(751,913)
(438,407)

Net current liabilities
  
 
 
(527,506)
 
 
(245,353)

Total assets less current liabilities
  
(527,506)
(245,353)

  

Net liabilities
  
(527,506)
(245,353)


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
(527,507)
(245,354)

  
(527,506)
(245,353)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006.

The 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 on 27 March 2025.




................................................
Sophia Jayne Humphreys
Page 1

 
ANOTHER RHYTHM LTD
REGISTERED NUMBER: 12699353
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ANOTHER RHYTHM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Another Rhythm Limited is a private company limited by shares, incorporated in England and Wales under
company number 12699353. The address of the registered office is 180 The Strand, London, WC2R 1EA.

The financial statements are rounded to the nearest £.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

We have continued to prepare the accounts on a going concern basis and deem this to be appropriate. In making this assessment we have considered the likely trading conditions for a period of twelve months from the date of our approval of these accounts.

 
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

 
ANOTHER RHYTHM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 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 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.

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.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Taxation

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 reporting date in the countries where the Company operates and generates income.


Page 4

 
ANOTHER RHYTHM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

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.

Advances to Artists
Advances to artists represent advances made direct to artists for recording and other costs made on
behalf of artists under contract. These advances, which are only recoverable against future royalties,
are charged to the profit and loss account as they are recouped or where the probability of future
recoupment in respect of thereof is unlikely.

 
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

The Company has no other employees other than the directors, who do not receive any remuneration (Restated 2023 - 0). The employee costs relate to a recharge of costs from the parent company, The Other Songs Limited. 


4.


Debtors

2024
2023
£
£


Trade debtors
74,397
34,407

Amounts owed by group undertakings
-
6,486

Advances paid to artists
41,143
20,837

Prepayments and accrued income
12,443
32,141

127,983
93,871


Page 5

 
ANOTHER RHYTHM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
420,178
16,146

Amounts owed to group undertakings
182,982
171,452

Other taxation and social security
23,451
7,350

Accruals and deferred income
123,831
242,595

Licenced advances
863
864

Other creditors
608
-

751,913
438,407



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares shares of £0.01 each
1
1



7.


Controlling party

The company is a wholly owned subsidiary of The Other Songs Limited.

 
Page 6