Company registration number 14518209 (England and Wales)
TMJ MUSIC LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
TMJ MUSIC LTD
COMPANY INFORMATION
Director
Ms T M Jarvis
Company number
14518209
Registered office
C/O OJK Business Management Ltd
First Floor
14-15 Berners Street
London
W1T 3LJ
Accountants
OJK Business Management Ltd
First Floor
14-15 Berners Street
London
W1T 3LJ
TMJ MUSIC LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
TMJ MUSIC LTD
BALANCE SHEET
AS AT 30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
20,856
26,615
Current assets
Debtors
3
6,000
Cash at bank and in hand
236,111
196,742
242,111
196,742
Creditors: amounts falling due within one year
4
(34,051)
(55,755)
Net current assets
208,060
140,987
Net assets
228,916
167,602
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
228,915
167,601
Total equity
228,916
167,602
For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 20 August 2025
Ms T M Jarvis
Director
Company registration number 14518209 (England and Wales)
TMJ MUSIC LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 December 2022
-
Year ended 30 November 2023:
Profit and total comprehensive income
-
169,601
169,601
Dividends
-
(2,000)
(2,000)
Other movements
1
-
1
Balance at 30 November 2023
1
167,601
167,602
Year ended 30 November 2024:
Profit and total comprehensive income
-
63,314
63,314
Dividends
-
(2,000)
(2,000)
Balance at 30 November 2024
1
228,915
228,916
TMJ MUSIC LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
1
Accounting policies
Company information
TMJ Music Ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/o OJK Business Management Ltd, First Floor, 14-15 Berners Street, London, W1T 3LJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable in relation to music production sales and royalties, net of VAT.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% reducing balance
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company has only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction,
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
TMJ MUSIC LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
6,000
4
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
23,138
43,602
Other creditors
10,913
12,153
34,051
55,755
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1