Dynasty Music Ltd
Dynasty Music Ltd
Registered number: 13033755
Financial Statements
For the Period
1 December 2021
to
31 March 2023
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Dynasty Music Ltd
Financial Statements
For the Period
1 December 2021
to
31 March 2023
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2—3 |
Page 1
Dynasty Music Ltd
Balance Sheet
As At
31 March 2023
Balance Sheet
Registered number:
13033755
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 31 March 2023 | 30 November 2021 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| SHAREHOLDERS' FUNDS | 400 | 400 | |||
On behalf of the board
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Director
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The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Dynasty Music Ltd
Notes to the Financial Statements
For the Period
1 December 2021
to
31 March 2023
Notes to the Financial Statements
1.
General Information
Dynasty Music Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
13033755
. The registered office is 1st Floor, 104 Oxford Street, London, Greater London, W1D 1LP.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of Value Added Tax. Turnover includes revenue earned from the provision of services in the form of live performances and royalty income.
2.3.
Financial Instruments
The company has only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities
Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.4.
Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 31 March 2023 | 30 November 2021 | ||
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| Office and administration |
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4.
Debtors
| 31 March 2023 | 30 November 2021 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| VAT |
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Page 2
Page 3
Dynasty Music Ltd
Notes to the Financial Statements (continued)
For the Period
1 December 2021
to
31 March 2023
5.
Creditors: Amounts Falling Due Within One Year
| 31 March 2023 | 30 November 2021 | ||
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| £ | £ | ||
| Trade creditors |
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| Directors' loan accounts |
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6.
Share Capital
| 31 March 2023 | 30 November 2021 | ||
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| £ | £ | ||
| Allotted, Called up and fully paid |
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Page 3