Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09281197 2024-01-01 2024-12-31 09281197 2023-01-01 2023-12-31 09281197 2024-12-31 09281197 2023-12-31 09281197 c:Director1 2024-01-01 2024-12-31 09281197 d:CurrentFinancialInstruments 2024-12-31 09281197 d:CurrentFinancialInstruments 2023-12-31 09281197 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09281197 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09281197 d:ShareCapital 2024-12-31 09281197 d:ShareCapital 2023-12-31 09281197 d:RetainedEarningsAccumulatedLosses 2024-12-31 09281197 d:RetainedEarningsAccumulatedLosses 2023-12-31 09281197 c:OrdinaryShareClass1 2024-01-01 2024-12-31 09281197 c:OrdinaryShareClass1 2024-12-31 09281197 c:OrdinaryShareClass1 2023-12-31 09281197 c:FRS102 2024-01-01 2024-12-31 09281197 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09281197 c:FullAccounts 2024-01-01 2024-12-31 09281197 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09281197 2 2024-01-01 2024-12-31 09281197 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09281197














BRANCH MUSIC LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
BRANCH MUSIC LIMITED
REGISTERED NUMBER:09281197

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
2,026
150

Debtors: amounts falling due within one year
 5 
50,023
67,460

Cash at bank and in hand
 6 
221,906
183,807

  
273,955
251,417

Creditors: amounts falling due within one year
 7 
(91,233)
(89,941)

Net current assets
  
 
 
182,722
 
 
161,476

Total assets less current liabilities
  
182,722
161,476

  

Net assets
  
182,722
161,476


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
182,622
161,376

  
182,722
161,476


Page 1

 
BRANCH MUSIC LIMITED
REGISTERED NUMBER:09281197
    
BALANCE SHEET (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 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: 




P A Lambden
Director

Date: 23 July 2025

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

Page 2

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

1.


General information

Branch Music Limited is a private company, limited by shares, registered in England and Wales, registration number 09281197. 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 publishing

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 music publishing is recognised when it is probable the company will receive the right to the consideration due under the contract.
Royalties receivable are recognised at the period end date by the company.

 
2.3

Interest income

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

 
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.

 
2.5

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.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

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

Page 3

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

2.Accounting policies (continued)

 
2.8

Cash

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

 
2.9

 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.

  
2.10

 Financial instruments

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

 
2.11

 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).


4.


Stocks

2024
2023
£
£

Finished goods
2,026
150



5.


Debtors

2024
2023
£
£


Trade debtors
914
-

Accrued income
49,109
67,460

50,023
67,460



6.


Cash

2024
2023
£
£

Cash at bank and in hand
221,906
183,807


Page 4

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

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Corporation tax
5,335
6,633

Other taxation and social security
12,583
1,576

Other creditors
20,000
20,000

Accruals
53,315
61,732

91,233
89,941



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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



9.


Transactions with directors

As at the year end, the company owed £20,000 (2023 - £20,000) to the director. The loan is unsecured, interest free and repayable on demand.
During the year, dividends of £1,500 (2023 - £3,500) was paid to the directors.

 
Page 5