Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-2922true2023-09-01falseSound recording and music publishing activitiestrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14320049 2023-09-01 2024-08-31 14320049 2022-08-26 2023-08-31 14320049 2024-08-31 14320049 2023-08-31 14320049 c:Director2 2023-09-01 2024-08-31 14320049 d:CurrentFinancialInstruments 2024-08-31 14320049 d:CurrentFinancialInstruments 2023-08-31 14320049 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 14320049 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 14320049 d:ShareCapital 2024-08-31 14320049 d:ShareCapital 2023-08-31 14320049 d:RetainedEarningsAccumulatedLosses 2024-08-31 14320049 d:RetainedEarningsAccumulatedLosses 2023-08-31 14320049 c:FRS102 2023-09-01 2024-08-31 14320049 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14320049 c:FullAccounts 2023-09-01 2024-08-31 14320049 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14320049 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number:  14320049














MICHAEL HEAD & TREB LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


 
MICHAEL HEAD & TREB LTD
REGISTERED NUMBER: 14320049

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
  
1,749
-

Cash at bank and in hand
 5 
252
7,049

  
2,001
7,049

Creditors: amounts falling due within one year
 6 
(3,957)
(3,638)

Net current (liabilities)/assets
  
 
 
(1,956)
 
 
3,411

Total assets less current liabilities
  
(1,956)
3,411

  

Net (liabilities)/assets
  
(1,956)
3,411


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(2,056)
3,311

  
(1,956)
3,411


Page 1

 
MICHAEL HEAD & TREB LTD
REGISTERED NUMBER: 14320049
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider 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 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 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: 




A Lundon
Director

Date: 29 May 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
MICHAEL HEAD & TREB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The Company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England & Wales (no. 14320049). The registered office is C/O Langtons, The Plaza, 100 Old Hall Street, Liverpool, England, L3 9QJ.
These financial statements present information about the Company as an individual undertaking, it is not a member of a group of companies. The principal activity of the Company is that of live music performance.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
MICHAEL HEAD & TREB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

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.

 
2.5

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.


 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
MICHAEL HEAD & TREB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Other debtors
1,749
-

1,749
-



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
252
7,049

252
7,049



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
407
1,011

Other creditors
1,150
1,427

Accruals and deferred income
2,400
1,200

3,957
3,638



7.


Related party transactions

Included in other debtors is an amount of £5,249 (2023: £(1,426)) owed from the directors. The loan is repayable on demand and no interest has been charged.


8.


Controlling party

The company is under the control of M Head.

 
Page 5