Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302The principal activity of the company continued to be that of a publishing label.false2023-04-012truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11254999 2023-04-01 2024-06-30 11254999 2022-04-01 2023-03-31 11254999 2024-06-30 11254999 2023-03-31 11254999 c:Director1 2023-04-01 2024-06-30 11254999 d:CurrentFinancialInstruments 2024-06-30 11254999 d:CurrentFinancialInstruments 2023-03-31 11254999 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11254999 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11254999 d:ShareCapital 2024-06-30 11254999 d:ShareCapital 2023-03-31 11254999 d:RetainedEarningsAccumulatedLosses 2024-06-30 11254999 d:RetainedEarningsAccumulatedLosses 2023-03-31 11254999 c:OrdinaryShareClass1 2023-04-01 2024-06-30 11254999 c:OrdinaryShareClass1 2024-06-30 11254999 c:OrdinaryShareClass1 2023-03-31 11254999 c:FRS102 2023-04-01 2024-06-30 11254999 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-06-30 11254999 c:FullAccounts 2023-04-01 2024-06-30 11254999 c:PrivateLimitedCompanyLtd 2023-04-01 2024-06-30 11254999 2 2023-04-01 2024-06-30 11254999 e:PoundSterling 2023-04-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11254999














YOUNG SONGS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2024

 
YOUNG SONGS LIMITED
REGISTERED NUMBER:11254999

BALANCE SHEET
AS AT 30 JUNE 2024

30 June
31 March
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
17,452
17,533

Cash at bank
 5 
4,697
54,982

  
22,149
72,515

Creditors: amounts falling due within one year
 6 
(93,468)
(42,514)

Net current (liabilities)/assets
  
 
 
(71,319)
 
 
30,001

Total assets less current liabilities
  
(71,319)
30,001

  

Net (liabilities)/assets
  
(71,319)
30,001


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(71,419)
29,901

  
(71,319)
30,001


Page 1

 
YOUNG SONGS LIMITED
REGISTERED NUMBER:11254999
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 period 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: 




C W Pawson
Director

Date: 24 June 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
YOUNG SONGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

Young Songs Limited is a private company, limited by shares, registered in England and Wales, registration number 11254999. The registered office address is Rear of 85-87 Southgate Road, London, N1 3JS.
 
The principal activity of the company continued to be that of a publishing label. 
On 22 April 2024, a written resolution was passed to extend the accouting reference date from 31 March 2024 to 30 June 2024.
 
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

Going concern

On the basis of information and enquiries that are pertinent to the company’s circumstances and which the director believes to be adequate, it is appropriate to continue to treat the company as a going concern. In particular, the director believes that adequate cash resources will be available to cover the company’s requirements for working capital for at least twelve months from the date of signing the financial statements and confirms that it continued to receive support from its director.

 
2.3

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 year 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 statement.

 
2.4

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 record label is recognised when it is probable the company will receive the rights to the consideration due under the contract. 

Page 3

 
YOUNG SONGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

  
2.5

Royalties

(i) Royalties receivable are recognised at the year end date by the company.
(ii) Royalties payable are calculated by reference to statements of accounts used for determining royalties receivable

  
2.6

Advances

Advances made to writers in respect of future royalties are treated as a current asset and written off to the profit and loss account when the royalties are recognised in accordance with (ii) above. Provision is made against an advance where it is considered that recoupment is unlikely to take place.

 
2.7

Interest income

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

 
2.8

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.

 
2.9

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.

 
2.10

 Current and deferred taxation

The tax expense for the period 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.


 
2.11

 Debtors

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

 
2.12

 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 4

 
YOUNG SONGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.13

 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.

 
2.14

 Financial instruments

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


3.


Employees

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


4.


Debtors

30 June
31 March
2024
2023
£
£


Other debtors
16,581
17,123

Prepayments
-
188

Tax recoverable
871
111

Deferred taxation
-
111

17,452
17,533



5.


Cash

30 June
31 March
2024
2023
£
£

Cash at bank
4,697
54,982


Page 5

 
YOUNG SONGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

6.


Creditors: amounts falling due within one year

30 June
31 March
2024
2023
£
£

Trade creditors
-
313

Amounts owed to connected companies
45,095
31,222

Corporation tax
-
871

Other taxation and social security
4,346
3,986

Other creditors
649
583

Accruals
43,378
5,539

93,468
42,514



7.


Share capital

30 June
31 March
2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) ordinary shares of £1.00 each
100
100



8.


Pension commitments

The company operates a defined contribution 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 £4,015 (2023 - £3,000). Included in other creditors at the year end there is an amount payable of £649 (2023 - £583).


9.


Transactions with the director

As at the year end, the director owed £100 (2023 - £146) to the company. The loan is unsecured, interest free and repayable on demand. 

 
Page 6