Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-272024-04-27falsetrue22023-04-284trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00623072 2023-04-28 2024-04-27 00623072 2022-04-28 2023-04-27 00623072 2024-04-27 00623072 2023-04-27 00623072 c:Director1 2023-04-28 2024-04-27 00623072 d:CurrentFinancialInstruments 2024-04-27 00623072 d:CurrentFinancialInstruments 2023-04-27 00623072 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-27 00623072 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-27 00623072 d:ShareCapital 2024-04-27 00623072 d:ShareCapital 2023-04-27 00623072 d:RetainedEarningsAccumulatedLosses 2024-04-27 00623072 d:RetainedEarningsAccumulatedLosses 2023-04-27 00623072 c:OrdinaryShareClass1 2023-04-28 2024-04-27 00623072 c:OrdinaryShareClass1 2024-04-27 00623072 c:OrdinaryShareClass1 2023-04-27 00623072 c:OrdinaryShareClass2 2023-04-28 2024-04-27 00623072 c:OrdinaryShareClass2 2024-04-27 00623072 c:OrdinaryShareClass2 2023-04-27 00623072 c:FRS102 2023-04-28 2024-04-27 00623072 c:AuditExempt-NoAccountantsReport 2023-04-28 2024-04-27 00623072 c:FullAccounts 2023-04-28 2024-04-27 00623072 c:PrivateLimitedCompanyLtd 2023-04-28 2024-04-27 00623072 e:PoundSterling 2023-04-28 2024-04-27 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 00623072














MARIGOLD MUSIC LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 APRIL 2024

 
MARIGOLD MUSIC LIMITED
REGISTERED NUMBER:00623072

BALANCE SHEET
AS AT 27 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
55,447
1,029

Cash at bank
 5 
927,287
862,510

  
982,734
863,539

Creditors: amounts falling due within one year
 6 
(259,520)
(50,803)

Net current assets
  
 
 
723,214
 
 
812,736

Total assets less current liabilities
  
723,214
812,736

  

Net assets
  
723,214
812,736


Capital and reserves
  

Called up share capital 
 7 
9,922
9,922

Profit and loss account
  
713,292
802,814

  
723,214
812,736


Page 1

 
MARIGOLD MUSIC LIMITED
REGISTERED NUMBER:00623072
    
BALANCE SHEET (CONTINUED)
AS AT 27 APRIL 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: 




T C Arkle
Director

Date: 25 April 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
MARIGOLD MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 APRIL 2024

1.


General information

Marigold Music Limited is a private company, limited by shares, registered in England and Wales, registration number 00623072. During the year, the company changed its registered office address from 1st Floor, Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN to Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be that of the exploitation of musical compositions.
 
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

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

 
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 exploitation of musical compositions services is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Royalties receivable are recognised in the accounting year in which it was received.

 
2.4

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 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 in the countries where the company operates and generates income.


 
2.5

Debtors

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

 
2.6

Cash

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

 
2.7

Creditors

Short-term creditors are measured at the transaction price. 

Page 3

 
MARIGOLD MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 APRIL 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities such as other debtors, trade and other creditors, and loans with
related parties.

 
2.9

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 4 (2023 -2).


4.


Debtors

2024
2023
£
£


Other debtors
931
1,000

Prepayments and accrued income
54,516
29

55,447
1,029



5.


Cash

2024
2023
£
£

Cash at bank
927,287
862,510



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
2,027
1,981

Corporation tax
39,493
43,028

Other creditors
208,000
-

Accruals
10,000
5,794

259,520
50,803


Page 4

 
MARIGOLD MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 APRIL 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



19,800 (2023 -19,800) Ordinary A shares of £0.50 each
9,900
9,900
44 (2023 -44) Ordinary B shares of £0.50 each
22
22

9,922

9,922



8.


Related party transactions

During the year, the company paid dividends of £208,000 (2023 - £NIL) to the shareholder.

 
Page 5