MUTE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Mute Management Limited is a private company limited by shares and registered in England & Wales. The address of its principal place of business is Studio 6, 162-164 Abbey Street, London, SE1 2AN.
2.Accounting policies
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Basis of preparation of financial statements
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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:
At 30 June 2024 the company had net current liabilities and net liabilities of £699,486 and is dependent on the continued financial support of its shareholder, who has confirmed his intention to continue to financially support the company.
Existing funding facilities, forecasts and projections indicate that the company has adequate resources to continue at the current activity levels.
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements, but with the proviso that some uncertainly exists over the company’s future.
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Foreign currency translation
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Functional and presentation currency
The company's functional and presentational currency is GBP, rounded to the nearest £1.
Short term debtors are measured at transaction price, less any impairment.
Short term creditors are measured at the transaction price.
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