Registered number
04247281
Magic Frog Music Limited
Filleted Accounts
29 March 2024
Magic Frog Music Limited
Registered number: 04247281
Balance Sheet
as at 29 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,382,015 1,375,507
Current assets
Cash 141,153 142,608
Creditors: amounts falling due within one year 4 (40,776) (39,936)
Net current assets 100,377 102,672
Net assets 1,482,392 1,478,179
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,482,292 1,478,079
Shareholder's funds 1,482,392 1,478,179
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J L Greedus
Director
Approved by the board on 28 March 2025
Magic Frog Music Limited
Notes to the Accounts
for the period from 1 April 2023 to 29 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Investments
Other
investments
£
Cost
At 1 April 2023 1,375,507
Additions 469,540
Disposals (463,032)
At 29 March 2024 1,382,015
4 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 1,680 1,693
Other creditors 39,096 38,243
40,776 39,936
5 Other information
Magic Frog Music Limited is a private company limited by shares and incorporated in England. Its registered office is 107b Church Hill, London, E17 3BD
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