ACCOUNTS - Final Accounts preparation

PRE RIGHTS HOLDINGS LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue2022-04-0122 13049551 2022-04-01 2023-03-31 13049551 2021-04-01 2022-03-31 13049551 2023-03-31 13049551 2022-03-31 13049551 c:Director1 2022-04-01 2023-03-31 13049551 d:CurrentFinancialInstruments 2023-03-31 13049551 d:CurrentFinancialInstruments 2022-03-31 13049551 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13049551 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13049551 d:ShareCapital 2023-03-31 13049551 d:ShareCapital 2022-03-31 13049551 d:SharePremium 2023-03-31 13049551 d:SharePremium 2022-03-31 13049551 d:RetainedEarningsAccumulatedLosses 2023-03-31 13049551 d:RetainedEarningsAccumulatedLosses 2022-03-31 13049551 c:OrdinaryShareClass1 2022-04-01 2023-03-31 13049551 c:OrdinaryShareClass1 2023-03-31 13049551 c:OrdinaryShareClass1 2022-03-31 13049551 c:FRS102 2022-04-01 2023-03-31 13049551 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13049551 c:FullAccounts 2022-04-01 2023-03-31 13049551 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13049551 6 2022-04-01 2023-03-31 13049551 d:ShareCapitalOtherShareTypes 2023-03-31 13049551 d:ShareCapitalOtherShareTypes 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 2023


PRE RIGHTS HOLDINGS LIMITED REGISTERED NUMBER:13049551

BALANCE SHEET

AS AT 31 MARCH 2023

		2023		2022
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	415		370
Cash in hand	6	100		100
		515		470
Creditors: amounts falling due within one year	7	(7,357)		(4,082)
Net current liabilities			(6,842)		(3,612)
Total assets less current liabilities			29,993,258		29,996,488

Net assets			29,993,258		29,996,488

Capital and reserves
Share capital	8	200	200
Share premium	9	30,000,000	30,000,000
Profit and loss account	9	(6,942)	(3,712)
		29,993,258	29,996,488

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PRE RIGHTS HOLDINGS LIMITED REGISTERED NUMBER:13049551

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2023

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: 4 December 2023

The notes on pages 3 to 5 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 2023

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 continued to be 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 only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, other creditors, and loans with related parties.

Employees

The average monthly number of employees, including directors, during the year was 2 (2022 -2).

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PRE RIGHTS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

4.	Fixed asset investments

		Investments in subsidiary company
		£
	Cost
	At 1 April 2022	30,000,100
	At 31 March 2023	30,000,100

Debtors

					2023	2022
					£	£


Prepayments	415	370

6.	Cash
		2023	2022
		£	£

	Cash in hand	100	100

7.	Creditors: amounts falling due within one year
		2023	2022
		£	£

Trade creditors	3,025	-
Amounts owed to group undertakings	3,332	3,332
Accruals	1,000	750
	7,357	4,082

8.	Share capital
		2023	2022
		£	£

Allotted, called up and fully paid

200 (2022 -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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PRE RIGHTS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Reserves

Share premium account

The share premium is a non-distributable reserve which representing the excess of proceeds received over the nominal value of the shares issued.

Profit and loss account

The profit and loss account is a distributable reserve arising from accumulated profit and losses to date.

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