Caseware UK (AP4) 2025.0.111 2025.0.111 2025-08-31 2025-08-31 false 2024-09-01 false No description of principal activity 2 2 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11496051 2024-09-01 2025-08-31 11496051 2023-09-01 2024-08-31 11496051 2025-08-31 11496051 2024-08-31 11496051 2023-09-01 11496051 c:Director1 2024-09-01 2025-08-31 11496051 d:MotorVehicles 2024-09-01 2025-08-31 11496051 d:MotorVehicles 2025-08-31 11496051 d:MotorVehicles 2024-08-31 11496051 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 11496051 d:FurnitureFittings 2024-09-01 2025-08-31 11496051 d:FurnitureFittings 2025-08-31 11496051 d:FurnitureFittings 2024-08-31 11496051 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 11496051 d:OfficeEquipment 2024-09-01 2025-08-31 11496051 d:OfficeEquipment 2025-08-31 11496051 d:OfficeEquipment 2024-08-31 11496051 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 11496051 d:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 11496051 d:CurrentFinancialInstruments 2025-08-31 11496051 d:CurrentFinancialInstruments 2024-08-31 11496051 d:Non-currentFinancialInstruments 2025-08-31 11496051 d:Non-currentFinancialInstruments 2024-08-31 11496051 d:CurrentFinancialInstruments d:WithinOneYear 2025-08-31 11496051 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 11496051 d:Non-currentFinancialInstruments d:AfterOneYear 2025-08-31 11496051 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 11496051 d:ShareCapital 2025-08-31 11496051 d:ShareCapital 2024-08-31 11496051 d:ShareCapital 2023-09-01 11496051 d:RetainedEarningsAccumulatedLosses 2024-09-01 2025-08-31 11496051 d:RetainedEarningsAccumulatedLosses 2025-08-31 11496051 d:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 11496051 d:RetainedEarningsAccumulatedLosses 2024-08-31 11496051 d:RetainedEarningsAccumulatedLosses 2023-09-01 11496051 c:FRS102 2024-09-01 2025-08-31 11496051 c:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 11496051 c:FullAccounts 2024-09-01 2025-08-31 11496051 c:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 11496051 d:HirePurchaseContracts d:WithinOneYear 2025-08-31 11496051 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 11496051 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-08-31 11496051 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 11496051 2 2024-09-01 2025-08-31 11496051 4 2024-09-01 2025-08-31 11496051 e:PoundSterling 2024-09-01 2025-08-31 iso4217:GBP xbrli:pure

Registered number: 11496051 KEARNS MUSIC LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
KEARNS MUSIC LIMITED
CONTENTS
| Page
Statement of Financial Position | 1 - 2
Statement of Changes in Equity | 3
Notes to the Financial Statements | 4 - 8
KEARNS MUSIC LIMITED REGISTERED NUMBER:11496051
STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 30,213 |  | 34,126
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 1,972 |  | 2,595 |
Cash at bank and in hand |  | 65,513 |  | 124,171 |
Current liabilities |  | 67,485 |  | 126,766 |
Creditors: amounts falling due within one year | 6 | (10,896) |  | (4,851) |
Net current assets |  |  | 56,589 |  | 121,915
Total assets less current liabilities |  |  | 86,802 |  | 156,041
Creditors: amounts falling due after more than one year | 7 |  | (12,215) |  | (22,248)
Net assets |  |  | 74,587 |  | 133,793
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Profit and loss account |  |  | 74,585 |  | 133,791
|  |  | 74,587 |  | 133,793
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 24 February 2026. Page 1
KEARNS MUSIC LIMITED REGISTERED NUMBER:11496051
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 AUGUST 2025
Mr J Kearns
Director
The notes on pages 4 to 8 form part of these financial statements. Page 2
KEARNS MUSIC LIMITED
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 AUGUST 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 September 2024 | 2 | 133,791 | 133,793
Loss for the year | - | (14,206) | (14,206)
Dividends | - | (45,000) | (45,000)
At 31 August 2025 | 2 | 74,585 | 74,587
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 AUGUST 2024
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 September 2023 | 2 | 133,912 | 133,914
Profit for the year | - | 10,879 | 10,879
Dividends | - | (11,000) | (11,000)
At 31 August 2024 | 2 | 133,791 | 133,793
| The notes on pages 4 to 8 form part of these financial statements.
Page 3
KEARNS MUSIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. | General information
Kearns Music Limited is a limited liability company registered in England and Wales. Its registered office address is 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB. The principal activity of the company during the year was that of media 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 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is £ sterling. 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.
| 2.3 | Turnover
Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Page 4
KEARNS MUSIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.4 | Basic financial instruments
The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to related parties. Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties. Interest bearing borrowings, such as bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method. Cash and cash equivalents comprise cash balances and call deposits.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | 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.
| 2.7 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.8 | 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
KEARNS MUSIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.9 | 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. At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 10% |
|  |  |  | Fixtures and fittings | - | 10% |
|  |  |  | Office equipment | - | 33% |
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.
| 2.10 | 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 (2024 - 2).
Page 6
KEARNS MUSIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
4. | Tangible fixed assets
|  | Motor vehicles | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 September 2024 | 29,665 | 17,634 | 33,821 | 81,120
| Additions | - | 1,616 | 2,940 | 4,556
| At 31 August 2025 | 29,665 | 19,250 | 36,761 | 85,676
| Depreciation |  |  |  |
| At 1 September 2024 | 8,900 | 8,477 | 29,618 | 46,995
| Charge for the year on owned assets | 2,967 | 1,899 | 3,602 | 8,468
| At 31 August 2025 | 11,867 | 10,376 | 33,220 | 55,463
| Net book value |  |  |  |
| At 31 August 2025 | 17,798 | 8,874 | 3,541 | 30,213
| At 31 August 2024 | 20,766 | 9,157 | 4,203 | 34,126
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 817 | 284
| Prepayments and accrued income | 1,155 | 2,311
|  | 1,972 | 2,595
Page 7
KEARNS MUSIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 22 | 22
| Other taxation and social security | 2,329 | 1,026
| Other loans | 4,768 | -
| Other creditors | 1,452 | 3,153
| Accruals and deferred income | 2,325 | 650
|  | 10,896 | 4,851
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 12,215 | 22,248
8. | Other loans
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 4,768 | 4,768
| Between 1-5 years | 12,215 | 17,480
|  | 16,983 | 22,248
9. | Pension commitments
The Company operates a defined contributions pension fund scheme. The assets of the pension scheme are held separately from those of the entity in an independently administered pension fund. The pension cost charge represents contributions payable by the entity to the pension fund and amounted to £11,600 (2024: £3,000). Contributions totaling £nil (2024: £nil) were payable to the fund at the reporting date and are included in creditors.
Page 8