White Ocean Music Ltd - Accounts to registrar (filleted) - small 18.2
White Ocean Music Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 August 2021 |
| for |
| White Ocean Music Ltd |
| White Ocean Music Ltd (Registered number: 09482478) |
| Contents of the Financial Statements |
| for the Year Ended 31 August 2021 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| White Ocean Music Ltd (Registered number: 09482478) |
| Balance Sheet |
| 31 August 2021 |
| 2021 | 2020 |
| Notes | £ | £ |
| Current assets |
| Debtors | 4 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| The director acknowledges his 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. |
| White Ocean Music Ltd (Registered number: 09482478) |
| Balance Sheet - continued |
| 31 August 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| White Ocean Music Ltd (Registered number: 09482478) |
| Notes to the Financial Statements |
| for the Year Ended 31 August 2021 |
| 1. | Statutory information |
| White Ocean Music Ltd is a |
| Registered number: |
| Registered office: |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| As at the balance sheet date the company had liabilities exceeding its assets, which have been financed by a company in which the shareholder has an interest. The director is intending to dissolve the company but considers there to be no adjustment needed to these accounts prepared on a going concern basis. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | Employees and directors |
| The average number of employees during the year was NIL (2020 - NIL). |
| White Ocean Music Ltd (Registered number: 09482478) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2021 |
| 4. | Debtors: amounts falling due within one year |
| 2021 | 2020 |
| £ | £ |
| Other debtors |
| 5. | Creditors: amounts falling due within one year |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Amounts owed to associates | 15,032 | 14,219 |
| Other creditors |
| 6. | Ultimate controlling party |
| The ultimate controlling party is |