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Registered number: 02070412














THE CONNOISSEUR COLLECTION LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
THE CONNOISSEUR COLLECTION LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 4

 
THE CONNOISSEUR COLLECTION LIMITED
REGISTERED NUMBER:02070412

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
12,269
11,616

Cash at bank and in hand
 5 
45,795
41,678

  
58,064
53,294

Creditors: amounts falling due within one year
 6 
(57,530)
(48,548)

Net current assets
  
 
 
534
 
 
4,746

Total assets less current liabilities
  
534
4,746

  

Net assets
  
534
4,746


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
434
4,646

  
534
4,746


The director considers 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 director acknowledges his 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 profit and loss account 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: 




J A Craig
Director

Date: 23 May 2025

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

1

 
THE CONNOISSEUR COLLECTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The Connoisseur Collection Limited is a private company, limited by shares, registered in England and Wales, registration number 02070412. The registered office address is 27 Abbey Gardens, London, NW8 9AS.
The principal activity of the company continued to be that of production and sale of recorded music products.

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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Royalties receivables are recognized at the year end date by the company.

Rendering of services

Turnover 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.

 
2.3

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 corporation 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.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2

 
THE CONNOISSEUR COLLECTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Creditors

Short-term creditors are measured at the transaction price.

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans to related parties.


3.


Employees




The average monthly number of employees, including the director, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Trade debtors
10,309
10,556

Other debtors
1,900
1,000

Prepayments
60
60

12,269
11,616



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
45,795
41,678


3

 
THE CONNOISSEUR COLLECTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
49,854
39,999

VAT Payable
1,583
1,561

Other creditors
1,093
988

Accruals
5,000
6,000

57,530
48,548



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100  Ordinary shares of £1.00 each
100
100



8.


Related party transactions

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1AC.35, as the company is itself a wholly owned subsidiary of John Craig Music Publishing Limited.

 
4