CAGE_MUSIC_LIMITED - Accounts

CAGE MUSIC LIMITED - Company Information

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Company Registration No. 01763106 (England and Wales)

CAGE MUSIC LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

CAGE MUSIC LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

CAGE MUSIC LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Current assets

Debtors

1,679,851

1,577,915

Cash at bank and in hand

210,973

33,446

1,890,824

1,611,361

Creditors: amounts falling due within one year

(140,984)

(155,051)

Total assets less current liabilities

1,749,840

1,456,310

Capital and reserves

Called up share capital

100

Profit and loss account

1,749,740

1,456,210

Shareholders' funds

1,749,840

1,456,310

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 September 2015

Mr C S Lowe

Director

Company Registration No. 01763106

CAGE MUSIC LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents royalties receivable and non-refundable royalty advances. Royalty income is recognised on the contractual due date or, where this is unspecified, the date of receipt of cash. Royalty income in respect of albums and videos already released is included on a receivable basis by reference to the royalty accounting periods ending within the year.

1.4

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of 1 each

100

During the year, there was a share transfer of 100 shares from the directors to Pet Shop Boys Holdings Limited.

Ultimate parent company

The directors regard Pet Shop Boys Holdings Limited (incorporated in the United Kingdom) as its ultimate parent company.