Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09152290 2024-01-01 2024-12-31 09152290 2023-01-01 2023-12-31 09152290 2024-12-31 09152290 2023-12-31 09152290 c:Director2 2024-01-01 2024-12-31 09152290 d:ComputerEquipment 2024-01-01 2024-12-31 09152290 d:ComputerEquipment 2024-12-31 09152290 d:ComputerEquipment 2023-12-31 09152290 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09152290 d:CurrentFinancialInstruments 2024-12-31 09152290 d:CurrentFinancialInstruments 2023-12-31 09152290 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09152290 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09152290 d:ShareCapital 2024-12-31 09152290 d:ShareCapital 2023-12-31 09152290 d:RetainedEarningsAccumulatedLosses 2024-12-31 09152290 d:RetainedEarningsAccumulatedLosses 2023-12-31 09152290 c:FRS102 2024-01-01 2024-12-31 09152290 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09152290 c:FullAccounts 2024-01-01 2024-12-31 09152290 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09152290 2 2024-01-01 2024-12-31 09152290 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 09152290









SONNICX MUSIC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
SONNICX MUSIC LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SONNICX MUSIC LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sonnicx Music Limited for the year ended 31 December 2024 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

It is your duty to ensure that Sonnicx Music Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sonnicx Music Limited. You consider that Sonnicx Music Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Sonnicx Music Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Harris & Trotter LLP
 
Chartered Accountants & Registered Auditors
  
1st Floor South
London
United Kingdom
W1W 6XH
20 July 2025
Page 1

 
SONNICX MUSIC LIMITED
REGISTERED NUMBER: 09152290

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
22,235
-

  
22,235
-

Current assets
  

Debtors: amounts falling due within one year
 5 
4,816,635
2,690,179

Cash at bank and in hand
 6 
83,987
558,656

  
4,900,622
3,248,835

Creditors: amounts falling due within one year
 7 
(3,668,841)
(729,282)

Net current assets
  
 
 
1,231,781
 
 
2,519,553

Total assets less current liabilities
  
1,254,016
2,519,553

  

Net assets
  
1,254,016
2,519,553


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,254,015
2,519,552

  
1,254,016
2,519,553


Page 2

 
SONNICX MUSIC LIMITED
REGISTERED NUMBER: 09152290
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 statement of comprehensive income 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 20 July 2025.




K Gorvell-Dahll
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
SONNICX MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Sonnicx Music Limited is a private company limited by shares and incorporated in the United Kingdom and registered in England and Wales. The registration number is 09152290. The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. The principal activity of the company is that of tour production.

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

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors consider it appropriate to prepare the financial statements on a going concern basis. Accordingly the directors have continued to prepare the financial statements on the going concern basis.

 
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 Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
SONNICX MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Interest income

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

 
2.6

Borrowing costs

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

 
2.7

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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


Page 5

 
SONNICX MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
25%
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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 6

 
SONNICX MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

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


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
25,412



At 31 December 2024

25,412



Depreciation


Charge for the year on owned assets
3,177



At 31 December 2024

3,177



Net book value



At 31 December 2024
22,235



At 31 December 2023
-


5.


Debtors

2024
2023
£
£


Trade debtors
1,125,148
305,909

Amounts owed by group undertakings
-
86,275

Other debtors
3,098,338
2,235,495

Prepayments and accrued income
593,149
62,500

4,816,635
2,690,179


Page 7

 
SONNICX MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
83,987
558,656

Less: bank overdrafts
(558)
-

83,429
558,656



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
558
-

Trade creditors
467,753
112,991

Amounts owed to group undertakings
1,708,941
-

Corporation tax
-
48,328

Other creditors
372,770
550,890

Accruals and deferred income
1,118,819
17,073

3,668,841
729,282


 
Page 8