Holywell Music Limited - Dormant accounts - members and to registrar (filleted) 21.1

REGISTERED NUMBER: 03097217 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

HOLYWELL MUSIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J T Torres

S M Warren

SECRETARY:

S M Warren

REGISTERED OFFICE:

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

BUSINESS ADDRESS:

C/o Bow Brand International Limited

Highgate

King's Lynn

PE30 1PT

REGISTERED NUMBER:

03097217 (England and Wales)

CURRENT ASSETS

Debtors

4

10,000

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,000

CAPITAL AND RESERVES

Called up share capital

10,000

SHAREHOLDERS' FUNDS

10,000

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2022 and were signed on its behalf by:

S M Warren - Director

1.	STATUTORY INFORMATION

Holywell Music Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a break up basis as the company does not trade. The company was dormant throughout the current and previous year.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, including trade and other debtors, trade and other creditors, cash and bank balances at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

Amounts owed by group undertakings

10,000

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.21

31.12.20

£

Within one year

22,000

Between one and five years

88,000

In more than five years

33,000

55,000

143,000

165,000

On 1 January 2019, the company sold its trade, assets and known liabilities. The purchaser is meeting the liabilities of the lease as they fall due however the lease has not been assigned.

6.	ULTIMATE CONTROLLING PARTY

The director considers the ultimate controlling party to be Mrs J T Torres, as the beneficial owner of the parent company, Western Central Inc., a company incorporated in Panama.