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REGISTERED NUMBER: 09499346 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MERRY GO ROUND MUSIC LIMITED

MERRY GO ROUND MUSIC LIMITED (REGISTERED NUMBER: 09499346)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MERRY GO ROUND MUSIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr M B Wyatt





REGISTERED OFFICE: 55 Loudoun Road
St John's Wood
London
NW8 0DL





REGISTERED NUMBER: 09499346 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

MERRY GO ROUND MUSIC LIMITED (REGISTERED NUMBER: 09499346)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 4 7,956 8,102
Cash at bank 266,212 270,340
274,168 278,442
CREDITORS
Amounts falling due within one year 5 (48,052 ) (48,928 )
NET CURRENT ASSETS 226,116 229,514
TOTAL ASSETS LESS CURRENT LIABILITIES 226,116 229,514

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 226,016 229,414
SHAREHOLDERS' FUNDS 226,116 229,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2025 and were signed by:




Mr M B Wyatt - Director


MERRY GO ROUND MUSIC LIMITED (REGISTERED NUMBER: 09499346)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Merry Go Round Music Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover represents catalogue sales and royalties. Turnover is stated net of VAT.

Catalogue sales are recognised as income on transfer of the rights to the music.

Royalties earned from the exploitation of musical compositions and are recognised as income when receivable in respect of royalty periods ending within the accounting year.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Cash and cash equivalent
Cash and cash equivalents include cash in hand, deposits held at call with banks.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by related parties 7,956 7,956
Other debtors - 146
7,956 8,102

MERRY GO ROUND MUSIC LIMITED (REGISTERED NUMBER: 09499346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors - 875
Amounts owed to participating interests 27,769 27,769
Other creditors 20,283 20,284
48,052 48,928

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary 1 100 100

7. RELATED PARTY DISCLOSURES

Merry Go Round Touring ROW Limited ("MGRTROW"), Merry Go Round ROW Merchandising Limited ("MGRROWM") and Merry Go Round USA/ Canada Merchandising Inc ("MGRUSA") are companies controlled by the Estate of the former director A McVie.

Included within other debtors is £1,160 (2023: £1,160) ) owed to the company by MGRROWM.

Included within other debtors is also £6,797 (2023: £6,797) owed to the company by MGRUSA.

Included within other creditors at the year end is £27,769 (2023: £27,769) owed by the company to MGRTROW.