Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01falseThe principal activity of the company continued to be that of music production and song writing.22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07272792 2023-07-01 2024-06-30 07272792 2022-07-01 2023-06-30 07272792 2024-06-30 07272792 2023-06-30 07272792 c:Director2 2023-07-01 2024-06-30 07272792 d:PlantMachinery 2023-07-01 2024-06-30 07272792 d:PlantMachinery 2024-06-30 07272792 d:PlantMachinery 2023-06-30 07272792 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07272792 d:FurnitureFittings 2023-07-01 2024-06-30 07272792 d:FurnitureFittings 2024-06-30 07272792 d:FurnitureFittings 2023-06-30 07272792 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07272792 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07272792 d:CurrentFinancialInstruments 2024-06-30 07272792 d:CurrentFinancialInstruments 2023-06-30 07272792 d:Non-currentFinancialInstruments 2024-06-30 07272792 d:Non-currentFinancialInstruments 2023-06-30 07272792 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07272792 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07272792 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 07272792 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 07272792 d:ShareCapital 2024-06-30 07272792 d:ShareCapital 2023-06-30 07272792 d:RetainedEarningsAccumulatedLosses 2024-06-30 07272792 d:RetainedEarningsAccumulatedLosses 2023-06-30 07272792 c:OrdinaryShareClass1 2023-07-01 2024-06-30 07272792 c:OrdinaryShareClass1 2024-06-30 07272792 c:OrdinaryShareClass1 2023-06-30 07272792 c:FRS102 2023-07-01 2024-06-30 07272792 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07272792 c:FullAccounts 2023-07-01 2024-06-30 07272792 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07272792 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 07272792 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 07272792 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07272792














MOJAM MUSIC LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
MOJAM MUSIC LTD
REGISTERED NUMBER:07272792

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
45,081
50,453

  
45,081
50,453

Current assets
  

Debtors: amounts falling due within one year
 5 
81,951
76,487

Cash at bank and in hand
 6 
487,111
101,570

  
569,062
178,057

Creditors: amounts falling due within one year
 7 
(330,067)
(139,142)

Net current assets
  
 
 
238,995
 
 
38,915

Total assets less current liabilities
  
284,076
89,368

Creditors: amounts falling due after more than one year
 8 
(17,365)
(27,437)

Provisions for liabilities
  

Deferred tax
 9 
(10,628)
(11,829)

  
 
 
(10,628)
 
 
(11,829)

Net assets
  
256,083
50,102


Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Profit and loss account
  
255,083
49,102

  
256,083
50,102


Page 1

 
MOJAM MUSIC LTD
REGISTERED NUMBER:07272792
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 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: 




M A Omer
Director

Date: 11 June 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MOJAM MUSIC LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Mojam Music Ltd is a private company, limited by shares, registered in England and Wales, registration number 07272792. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of music production and song writing.

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

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

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 that relate to borrowings and cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

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 music production and song writing is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Royalties receivable are recognised at the year end date by the company.
Advances received are carried forward as deferred income until the earlier of recoupment against contractual royalties due, agreement expiry or recognition that recoupment is unlikely to take place.

 
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.

Page 3

 
MOJAM MUSIC LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

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.

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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Fixtures and fittings
-
20%
reducing balance

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.

 
2.8

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.

Page 4

 
MOJAM MUSIC LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

 Cash

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

 
2.10

 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.

 
2.11

 Financial instruments

The company enters into basic financial instrument transactions that results in the recongnition of financial assets and liabilities such as trade and other debtors, trade creditors,loans from bank and loan with related parties.

 
2.12

 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 directors, during the year was 2 (2023 - 2).

Page 5

 
MOJAM MUSIC LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost 


At 1 July 2023
122,996
18,000
140,996


Additions
5,648
-
5,648



At 30 June 2024

128,644
18,000
146,644



Depreciation


At 1 July 2023
78,441
12,102
90,543


Charge for the year
9,840
1,180
11,020



At 30 June 2024

88,281
13,282
101,563



Net book value



At 30 June 2024
40,363
4,718
45,081



At 30 June 2023
44,555
5,898
50,453


5.


Debtors

2024
2023
£
£


Trade debtors
42,470
54,478

Amounts owed by connected companies
16,279
13,821

Other debtors
13,535
7,956

Prepayments and accrued income
9,667
232

81,951
76,487



6.


Cash

2024
2023
£
£

Cash at bank
487,111
101,570


Page 6

 
MOJAM MUSIC LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
10,075
9,829

Trade creditors
9,000
7,086

Corporation tax
103,162
31,835

Other taxation and social security
78,615
1,414

Other creditors
-
4,862

Accruals
129,215
84,116

330,067
139,142


 Included creditors less than one year, is the bounce back loan for £10,075 (2023 - £9,829) which is   fully guaranteed by the government.
 

8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
17,365
27,437


 
Included in creditors more than one year, is the bounce back loan for £17,365 (2023 - £27,437) which is fully guaranteed by the government


9.


Deferred taxation




2024


£






At beginning of year
11,829


Charged to profit or loss
1,201



At end of year
10,628

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed asset timing differences
10,628
11,829

Page 7

 
MOJAM MUSIC LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



11.


Transactions with directors

During the year, the company advanced £151,206 (2023 - £24,606) to the directors, of which £41,749 (2023 - £9,449) was repaid by the directors to the company. As at the year end, the directors owed £13,536 (2023 - £3,095) to the company. Interest has been charged on the loan at the beneficial loan rate. The loan is unsecured and repayable on demand.
During the year, dividends of £100,000 (2023 - £116,000) was paid to the directors.
 

Page 8