Company Registration No. 00626447 (England and Wales)
Coda Music Limited
Unaudited accounts
for the year ended 31 December 2024
Coda Music Limited
Unaudited accounts
Contents
Coda Music Limited
Company Information
for the year ended 31 December 2024
Directors
P L Platz
S H Platz
R E Platz
Company Number
00626447 (England and Wales)
Registered Office
Roundhouse
212 Regent's Park Road
London
NW1 8AW
England
Accountants
Bipin Kotecha
123 Queen Alexandra Mansions
Tonbridge Street
LONDON
WC1H 9DW
Coda Music Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
26,206
24,225
Creditors: amounts falling due within one year
(13,074)
(13,088)
Net current assets
15,351
14,084
Called up share capital
100
100
Profit and loss account
15,251
13,984
Shareholders' funds
15,351
14,084
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2025 and were signed on its behalf by
S H Platz
Director
Company Registration No. 00626447
Coda Music Limited
Notes to the Accounts
for the year ended 31 December 2024
Coda Music Limited is a private company, limited by shares, registered in England and Wales, registration number 00626447. The registered office is Roundhouse, 212 Regent's Park Road, London, NW1 8AW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with the provisions of FRS 102 Section 1A Small Entities.
Turnover and other revenue
Turnover and other revenue is recognised at fair value of the consideration received or receivable. Furthermore, revenue is recognised when it is probable that economic benefits will flow to the company and the amount of the revenue can be reliably measured.
Royalty income
Royalty income is recognised on a notified earnings basis.
Other than where amounts are collected by the company’s overseas sub-publishers, royalties derived from the inclusion of the company’s copyrights on recorded music products or from performance are recognised when they are earned by the company from the relevant collection society or record company. Similarly, except for overseas collected amounts, royalties derived from the synchronisation of the company’s copyrights are recognised as earned. Royalty amounts collected overseas are recognised in the period the amounts are reportable to the company by the sub-publisher.
Interest income
Interest income is recognised using the effective interest method.
Royalties payable are charged to the profit and loss account to the extent that amounts are contractually paid or are payable in respect of the year under review. If any royalties payable are considered to be recoverable from future income, these are carried forward in debtors.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The financial statements are presented in sterling and this is also the functional currency of the company.
Coda Music Limited
Notes to the Accounts
for the year ended 31 December 2024
Transactions in currencies (other than the functional currency) are recorded at the rate of exchange ruling at the date of the transaction.
Monetary items denominated in other currencies are translated into sterling at the rates of exchange prevailing at the balance sheet date.
All exchange differences arising are dealt with in the profit and loss account.
Deferred tax represents future tax consequences of transactions recognised in the current or past financial years. Deferred tax is recognised in respect of all timing differences except that deferred tax assets are only recognised to the extent that it is probable that they will be recoverable against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted by the balance sheet date that are expected to apply to the reversal of timing differences.
Deferred tax assets and liabilities are not discounted.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
11,872
11,627
Taxes and social security
285
338
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).