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REAL RECORDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
Real Recordings Ltd is a private company limited by share capital, incorporated in England
and Wales, registration number 14998190. The address of the registered office is 48 George Street, Floor 2, London, England, W1U 7DY.
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 the balance sheet date, the company's liabilities exceeded its assets. The company has received
assurance from the parent undertaking that it will continue to give financial support to the company
for a period of at least twelve months from the date of signing of these financial statements.
On this basis, the directors have considered it appropriate to prepare the financial statements on a
going concern basis. However, should the financial support mentioned above not be forthcoming,
the going concern basis used in preparing the company's financial statements may be invalid and
adjustments would have to be made to reduce the value of assets to their realisable amount and to
provide for any further liabilities which might arise. The financial statements do not include any
adjustment to the company's assets or liabilities that might be necessary should this basis not
continue to be appropriate.
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.
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The average monthly number of employees, including directors, during the period was 2.
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