ACCOUNTS - Final Accounts preparation

PRE RIGHTS HOLDINGS LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31true2021-04-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13049551 2021-04-01 2022-03-31 13049551 2020-04-01 2021-03-31 13049551 2022-03-31 13049551 2021-03-31 13049551 c:Director1 2021-04-01 2022-03-31 13049551 d:CurrentFinancialInstruments 2022-03-31 13049551 d:CurrentFinancialInstruments 2021-03-31 13049551 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13049551 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 13049551 d:ShareCapital 2022-03-31 13049551 d:ShareCapital 2021-03-31 13049551 d:SharePremium 2022-03-31 13049551 d:SharePremium 2021-03-31 13049551 d:RetainedEarningsAccumulatedLosses 2022-03-31 13049551 d:RetainedEarningsAccumulatedLosses 2021-03-31 13049551 c:OrdinaryShareClass1 2021-04-01 2022-03-31 13049551 c:OrdinaryShareClass1 2022-03-31 13049551 c:OrdinaryShareClass1 2021-03-31 13049551 c:FRS102 2021-04-01 2022-03-31 13049551 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 13049551 c:FullAccounts 2021-04-01 2022-03-31 13049551 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 13049551 6 2021-04-01 2022-03-31 13049551 d:ShareCapitalOtherShareTypes 2022-03-31 13049551 d:CostValuation 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13049551

PRE RIGHTS HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022


PRE RIGHTS HOLDINGS LIMITED REGISTERED NUMBER:13049551

BALANCE SHEET

AS AT 31 MARCH 2022

		2022		2021
Note		£		£

Fixed assets
Investments	4		30,000,100		30,000,100
			30,000,100		30,000,100
Current assets
Debtors: amounts falling due within one year	5	370		370
Cash in hand	6	100		100
		470		470
Creditors: amounts falling due within one year	7	(4,082)		(1,243)
Net current liabilities			(3,612)		(773)
Total assets less current liabilities			29,996,488		29,999,327

Net assets			29,996,488		29,999,327

Capital and reserves
Called up share capital	8	200	200
Share premium account		30,000,000	30,000,000
Profit and loss account		(3,712)	(873)
		29,996,488	29,999,327

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PRE RIGHTS HOLDINGS LIMITED REGISTERED NUMBER:13049551

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2022

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 profit and loss account 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 by:

P R Epworth

Director

Date: 20 December 2022

The notes on pages 3 to 4 form part of these financial statements.

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PRE RIGHTS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1.	General information

Pre Rights Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 13049551. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company is that of a holding company.
The pricipal activities of the subsidiary is music production and music publishing.

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 Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.5

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.6

Creditors

Short term creditors are measured at the transaction price.

2.7

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtor, other creditors and loans with related parties.

Employees

The average monthly number of employees, including directors, during the year was 2 (2021 -2).

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PRE RIGHTS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

4.	Fixed asset investments

		Investments in subsidiary company
		£
	Cost
	At 1 April 2021	30,000,100
	At 31 March 2022	30,000,100

Debtors

					2022	2021
					£	£


Prepayments	370	370

6.	Cash
		2022	2021
		£	£

	Cash in hand	100	100

7.	Creditors: amounts falling due within one year
		2022	2021
		£	£

Amounts owed to group undertakings	3,332	-
Other creditors	-	493
Accruals	750	750
	4,082	1,243

8.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

200 (2021 -200) Ordinary shares of £1.00 each	200	200

The ordinary shares have attached to them full voting, dividend and capital distribution (including on winding up) rights. They do not confer any rights of redemption.

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