Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-3142023-04-01false5truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03868920 2023-04-01 2024-03-31 03868920 2022-04-01 2023-03-31 03868920 2024-03-31 03868920 2023-03-31 03868920 2022-04-01 03868920 c:Director1 2023-04-01 2024-03-31 03868920 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 03868920 d:Buildings d:ShortLeaseholdAssets 2024-03-31 03868920 d:Buildings d:ShortLeaseholdAssets 2023-03-31 03868920 d:FurnitureFittings 2023-04-01 2024-03-31 03868920 d:FurnitureFittings 2024-03-31 03868920 d:FurnitureFittings 2023-03-31 03868920 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03868920 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03868920 d:CurrentFinancialInstruments 2024-03-31 03868920 d:CurrentFinancialInstruments 2023-03-31 03868920 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03868920 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03868920 d:ShareCapital 2023-04-01 2024-03-31 03868920 d:ShareCapital 2024-03-31 03868920 d:ShareCapital 2022-04-01 2023-03-31 03868920 d:ShareCapital 2023-03-31 03868920 d:ShareCapital 2022-04-01 03868920 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 03868920 d:RetainedEarningsAccumulatedLosses 2024-03-31 03868920 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 03868920 d:RetainedEarningsAccumulatedLosses 2023-03-31 03868920 d:RetainedEarningsAccumulatedLosses 2022-04-01 03868920 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03868920 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03868920 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 03868920 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 03868920 c:OrdinaryShareClass1 2023-04-01 2024-03-31 03868920 c:OrdinaryShareClass1 2024-03-31 03868920 c:OrdinaryShareClass1 2023-03-31 03868920 c:FRS102 2023-04-01 2024-03-31 03868920 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03868920 c:FullAccounts 2023-04-01 2024-03-31 03868920 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03868920 2 2023-04-01 2024-03-31 03868920 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03868920







THIRTEEN LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
THIRTEEN LIMITED
REGISTERED NUMBER:03868920

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
172,766
243,391

  
172,766
243,391

Current assets
  

Debtors: amounts falling due within one year
 5 
269,438
261,503

Cash at bank and in hand
 6 
551,969
1,489,191

  
821,407
1,750,694

Creditors: amounts falling due within one year
 7 
(253,436)
(786,479)

Net current assets
  
 
 
567,971
 
 
964,215

Total assets less current liabilities
  
740,737
1,207,606

Provisions for liabilities
  

Deferred tax
 8 
(41,229)
(58,362)

  
 
 
(41,229)
 
 
(58,362)

Net assets
  
699,508
1,149,244


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
699,507
1,149,243

  
699,508
1,149,244


 
THIRTEEN LIMITED
REGISTERED NUMBER:03868920
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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: 




D Albarn
Director

Date: 2 June 2025

The notes on pages 2 to 6 form part of these financial statements.

 
THIRTEEN LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2022
1
635,714
635,715


Comprehensive income for the year

Profit for the year
-
513,529
513,529
Total comprehensive income for the year
-
513,529
513,529



At 1 April 2023
1
1,149,243
1,149,244


Comprehensive income for the year

Loss for the year
-
(124,736)
(124,736)
Total comprehensive income for the year
-
(124,736)
(124,736)


Contributions by and distributions to owners

Dividends: Equity capital
-
(325,000)
(325,000)


At 31 March 2024
1
699,507
699,508


Page 1

 
THIRTEEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Thirteen Limited is a private company, limited by shares, registered in England and Wales, registration number 03868920. The registered office addres is 337 Latimer Road, London, W10 6RA.
 
The principal activity of the company continued to be that of music publishing, recording and live performance and the operation of a music recording studio. 

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 Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover 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. 

Turnover from the rendering of services is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Income from performances are recognised once the performances have taken place.
Recharge income represents the re-imbursement by the company of an agreed proportion or amount of costs incurred by the business.
Royalties receivable are recognised at the year end date by the company.

 
2.3

Operating leases

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

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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. 

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 2

 
THIRTEEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

 Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property
-
20%
straight-line
Fixtures and fittings
-
33%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

 Debtors

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

 
2.10

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

Page 3

 
THIRTEEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

 
2.13

 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.


3.


Employees

The average monthly number of employees, including the director, during the year was 5 (2023 - 4).


4.


Tangible fixed assets





Leasehold property
Fixtures and fittings
Total

£
£
£



Cost


At 1 April 2023
4,741
839,467
844,208


Additions
-
80,899
80,899



At 31 March 2024

4,741
920,366
925,107



Depreciation


At 1 April 2023
2,133
598,684
600,817


Charge for the year
948
150,576
151,524



At 31 March 2024

3,081
749,260
752,341



Net book value



At 31 March 2024
1,660
171,106
172,766



At 31 March 2023
2,608
240,783
243,391

Page 4

 
THIRTEEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
134,500
29,184

Other debtors
48,303
30,293

Prepayments and accrued income
86,635
202,026

269,438
261,503



6.


Cash

2024
2023
£
£

Cash at bank and in hand
551,969
1,489,191



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
19,471
324,236

Corporation tax
-
69,855

Other taxation and social security
32,726
133,644

Other creditors
61,639
197,691

Accruals and deferred income
139,600
61,053

253,436
786,479



8.


Deferred taxation




2024


£






At beginning of year
58,362


Charged to profit or loss
(17,133)



At end of year
41,229

Page 5

 
THIRTEEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
41,320
58,362

Short term timing differences
(91)
-

41,229
58,362


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,746 (2023 - £2,931). Contributions totalling £970 (2023 - £1,703) were payable to the fund at the balance sheet date and are included in creditors.


11.


Commitments under operating leases

As at the year end the company had future non-cancellable operating leases amounting to £221,640 (2023 - £348,290).


12.


Transactions with directors

During the year, the director was advanced £135,465 (2023 - £16,185). As at the year end the company owed the director £34,760 (2023 - £170,225). The loan is unsecured, interest free and repayable on demand.
During the year, dividends of £325,000 (2023 - £NIL) were paid to the director.
 
Page 6