Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-210No description of principal activity2023-08-25false0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15095742 2023-08-24 15095742 2023-08-25 2024-08-31 15095742 2022-07-01 2023-08-24 15095742 2024-08-31 15095742 c:Director1 2023-08-25 2024-08-31 15095742 d:CurrentFinancialInstruments 2024-08-31 15095742 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 15095742 d:ShareCapital 2024-08-31 15095742 d:RetainedEarningsAccumulatedLosses 2024-08-31 15095742 c:FRS102 2023-08-25 2024-08-31 15095742 c:AuditExempt-NoAccountantsReport 2023-08-25 2024-08-31 15095742 c:FullAccounts 2023-08-25 2024-08-31 15095742 c:PrivateLimitedCompanyLtd 2023-08-25 2024-08-31 15095742 e:PoundSterling 2023-08-25 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 15095742









GOOD MORNING KEVIN LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2024

 
GOOD MORNING KEVIN LTD
REGISTERED NUMBER: 15095742

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
453,022

Cash at bank and in hand
  
159,485

  
612,507

Creditors: amounts falling due within one year
 5 
(783,890)

Net current (liabilities)/assets
  
 
 
(171,383)

Total assets less current liabilities
  
(171,383)

  

Net (liabilities)/assets
  
(171,383)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(171,384)

  
(171,383)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the Company to obtain an audit for the period 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 statement of comprehensive income 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 on 21 May 2025.


Sophia Jayne Humphreys
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
GOOD MORNING KEVIN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

1.


General information

Good Morning Kevin Limited is a private company limited by shares, incorporated in England and Wales under company number 15095742. The company was incorporated on the 25th August 2023 and this is the first set of financial statements. The address of the registered office is 180 Strand, London, WC2R 1EA. These accounts have been presented in pound sterling as this is the currency of the primary economic environment in which the company operates.

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 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:

 
2.2

Going concern

We have continued to prepare the accounts on a going concern basis and deem this to be appropriate. The Company is in a net liability position and it does not have sufficient cash or assets to fund its operations for the next 12 months. However, the group companies will provide the funds necessary for the next 12 months and so the directors confirm that the Company is a going concern.  The group are in a net asset position of over £2.8m with over £1m of cash and £1.3m in deposit accounts as at 30 June 2024. In particular, The Other Songs Limited holds £1.3m in deposit accounts with 2.9m net assets and will support the Company for the next 12 months.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
GOOD MORNING KEVIN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.
Advances to Artists
Advances to artists represent advances made direct to artists for recording and other costs made on behalf of artists under contract. These advances, which are only recoverable against future royalties, are charged to the profit and loss account as they are recouped or where the probability of future recoupment in respect of thereof is unlikely.

 
2.6

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.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration.

Page 3

 
GOOD MORNING KEVIN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

4.


Debtors

2024
£


Trade debtors
21

Amounts owed by group undertakings
431,589

Other debtors
21,412

453,022



5.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
56,737

Amounts owed to group undertakings
389,970

Other creditors
225,000

Accruals and deferred income
112,183

783,890



6.


Controlling party

The company is a wholly owned subsidiary of The Other Songs Studio Limited. The ultimate controlling party is The Other Songs Limited.

 
Page 4