Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-07-01No description of principal activity21truetruefalse 14163460 2023-07-01 2024-06-30 14163460 2022-06-10 2023-06-30 14163460 2024-06-30 14163460 2023-06-30 14163460 c:Director3 2023-07-01 2024-06-30 14163460 d:CurrentFinancialInstruments 2024-06-30 14163460 d:CurrentFinancialInstruments 2023-06-30 14163460 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14163460 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 14163460 d:ShareCapital 2024-06-30 14163460 d:ShareCapital 2023-06-30 14163460 d:RetainedEarningsAccumulatedLosses 2024-06-30 14163460 d:RetainedEarningsAccumulatedLosses 2023-06-30 14163460 c:FRS102 2023-07-01 2024-06-30 14163460 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14163460 c:FullAccounts 2023-07-01 2024-06-30 14163460 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14163460 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 14163460









MOLA RECORDS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
MOLA RECORDS LIMITED
REGISTERED NUMBER: 14163460

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
77,839
1,054,499

Cash at bank and in hand
 5 
-
97,369

  
77,839
1,151,868

Creditors: amounts falling due within one year
 6 
(40,632)
(1,798,373)

Net current assets/(liabilities)
  
 
 
37,207
 
 
(646,505)

Total assets less current liabilities
  
37,207
(646,505)

  

Net assets/(liabilities)
  
37,207
(646,505)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
37,205
(646,507)

  
37,207
(646,505)


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 on 27 June 2025.




Mr R Suwanto
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
MOLA RECORDS LIMITED
REGISTERED NUMBER: 14163460
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024


Page 2

 
MOLA RECORDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Mola Records Limited is a private company limited by share capital, incorporated in England and Wales, registration number 14163460. The address of the registered office is 3rd Floor, 21 Tower Street, London, WC2H 9NS.

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

Going concern

Since the reporting date, a decision has been made by the directors of associated companies that financial support for the Company will not continue and therefore the financial statements have been prepared on a basis other than the going concern basis. This basis includes, where applicable, writing the company's assets down to net realisable value. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date. 
Due to the above, the Company will cease trading after the reporting date. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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 resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
MOLA RECORDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

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:

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.

 
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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 1).

Page 4

 
MOLA RECORDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Debtors

2024
2023
£
£


Other debtors
36,323
1,051,893

Prepayments and accrued income
41,516
2,606

77,839
1,054,499



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
97,369

-
97,369



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
32,932
35,851

Other creditors
3,476
1,633,147

Accruals and deferred income
4,224
129,375

40,632
1,798,373



7.


Related party transactions

Included in other debtors at the balance sheet date is an amount of £Nil (2023: £16,430) due from an entity owned and controlled by one of the directors. The amount was in respect of expenses borne by this company on behalf of that entity and during the period was written off as unrecoverable. 
Also included in other debtors at the balance sheet date is an amount of £Nil (2023: £972,939) due from an associated company. The amount was in respect of expenses borne on behalf of the associated company and during the period was written off as unrecoverable. 
Included in other creditors at the balance sheet date is an amount of £Nil (2023: £1,633,147) due to an associated company. The lendor company is owned and controlled by an individual who has also been identified as a person with significant control status for this company. The amount was in respect of cash advances to this company. A formal loan agreement was entered into on 1 January 2024 and interest totalling £48,474 at a rate of 4% per annum has been included in these accounts. The loan was written off as unrecoverable during the period.

 
Page 5