Company Registration No. 12781284 (England and Wales)
Kurate Music Ltd
Unaudited accounts
for the year ended 31 July 2024
Kurate Music Ltd
Unaudited accounts
Contents
Kurate Music Ltd
Company Information
for the year ended 31 July 2024
Directors
Mohammed Jamil Ahmed
Ali Khan Kayyani
Company Number
12781284 (England and Wales)
Registered Office
7th Floor
The Balance
2 Pinfold Street
S1 2GU
England
Accountants
Schiavi Pole Brett Ltd
15A Walm Lane
London
NW2 5SJ
Kurate Music Ltd
Statement of financial position
as at 31 July 2024
Intangible assets
1,973,417
-
Tangible assets
5,121
112,015
Investment property
3,001,360
-
Cash at bank and in hand
1,047,349
1,642,194
Creditors: amounts falling due within one year
(2,427,840)
(408,222)
Net current (liabilities)/assets
(475,359)
1,235,371
Net assets
4,506,677
1,348,099
Called up share capital
2
2
Profit and loss account
4,506,675
1,348,097
Shareholders' funds
4,506,677
1,348,099
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by
Ali Khan Kayyani
Director
Company Registration No. 12781284
Kurate Music Ltd
Notes to the Accounts
for the year ended 31 July 2024
Kurate Music Ltd is a private company, limited by shares, registered in England and Wales, registration number 12781284. The registered office is 7th Floor, The Balance, 2 Pinfold Street, S1 2GU , England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Investments in shares are included at fair value.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Kurate Music Ltd
Notes to the Accounts
for the year ended 31 July 2024
4
Intangible fixed assets
Other
Charge for the year
16,583
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2023
9,500
118,000
127,500
Disposals
-
(118,000)
(118,000)
At 31 July 2024
11,960
-
11,960
At 1 August 2023
3,193
12,292
15,485
Charge for the year
3,646
-
3,646
On disposals
-
(12,292)
(12,292)
At 31 July 2024
6,839
-
6,839
At 31 July 2024
5,121
-
5,121
At 31 July 2023
6,307
105,708
112,015
7
Investments
Other investments
Valuation at 1 August 2023
713
Valuation at 31 July 2024
2,138
Kurate Music Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Accrued income and prepayments
64,627
-
9
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,432,840
398,487
Loans from directors
-
7,951
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
12
Average number of employees
During the year the average number of employees was 5 (2023: 3).