Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09013545 2023-05-01 2024-04-30 09013545 2022-05-01 2023-04-30 09013545 2024-04-30 09013545 2023-04-30 09013545 1 2023-05-01 2024-04-30 09013545 d:Director1 2023-05-01 2024-04-30 09013545 c:ComputerEquipment 2023-05-01 2024-04-30 09013545 c:ComputerEquipment 2024-04-30 09013545 c:ComputerEquipment 2023-04-30 09013545 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09013545 c:CurrentFinancialInstruments 2024-04-30 09013545 c:CurrentFinancialInstruments 2023-04-30 09013545 c:Non-currentFinancialInstruments 2024-04-30 09013545 c:Non-currentFinancialInstruments 2023-04-30 09013545 c:CurrentFinancialInstruments c:WithinOneYear 2024-04-30 09013545 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-30 09013545 c:Non-currentFinancialInstruments c:AfterOneYear 2024-04-30 09013545 c:Non-currentFinancialInstruments c:AfterOneYear 2023-04-30 09013545 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-04-30 09013545 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-04-30 09013545 c:ShareCapital 2024-04-30 09013545 c:ShareCapital 2023-04-30 09013545 c:RetainedEarningsAccumulatedLosses 2024-04-30 09013545 c:RetainedEarningsAccumulatedLosses 2023-04-30 09013545 d:FRS102 2023-05-01 2024-04-30 09013545 d:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09013545 d:FullAccounts 2023-05-01 2024-04-30 09013545 d:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09013545 2 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 09013545









LETS MAKE MUSIC LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
LETS MAKE MUSIC LIMITED
REGISTERED NUMBER: 09013545

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
5,194
-

  
5,194
-

Current assets
  

Debtors: amounts falling due within one year
 5 
55,872
30,555

Cash at bank and in hand
 6 
11,267
21,286

  
67,139
51,841

Creditors: amounts falling due within one year
 7 
(36,996)
(64,997)

Net current assets/(liabilities)
  
 
 
30,143
 
 
(13,156)

Total assets less current liabilities
  
35,337
(13,156)

Creditors: amounts falling due after more than one year
 8 
(50,000)
(50,000)

  

Net liabilities
  
(14,663)
(63,156)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(14,664)
(63,157)

  
(14,663)
(63,156)

Page 1

 
LETS MAKE MUSIC LIMITED
REGISTERED NUMBER: 09013545
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers 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 director acknowledges his 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 by: 




................................................
C Contostavlos
Director

Date: 25 April 2025

Page 2

 
LETS MAKE MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Lets Make Music Ltd are a private Company limited by shares. The Company is registered in England and Wales and its registered office is Aston House, Cornwall Avenue, London, United Kingdom, N3 1LF. The registered Company number is 09013545.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

Whilst the company is in a net liabilities position, it retains the support of its shareholders and as such the director considers it appropriate to prepare the accounts on a going concern basis.

 
2.3

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:

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.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
LETS MAKE MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
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 balance sheet date in the countries where the Company operates and generates income.

 
2.8

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
25%
reducing balance

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.

 
2.9

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.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

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.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
Page 4

 
LETS MAKE MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
6,100



At 30 April 2024

6,100



Depreciation


Charge for the year on owned assets
906



At 30 April 2024

906



Net book value



At 30 April 2024
5,194



At 30 April 2023
-


5.


Debtors

2024
2023
£
£


Other debtors
55,872
30,555

55,872
30,555


Page 5

 
LETS MAKE MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,267
21,286

11,267
21,286



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,094
1,614

Other taxation and social security
27,740
19,565

Other creditors
4,162
41,818

Accruals and deferred income
2,000
2,000

36,996
64,997



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
50,000
50,000

50,000
50,000



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
50,000
50,000





10.


Related party transactions

Included in other creditors is a balance of £4,162 (2023: £30,298 owed by) owed to LRC Entertainment Ltd, a company where the director has a common interest. 
 
Page 6