DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2021
The directors present their report and the financial statements for the year ended 31 January 2021.
The directors who served during the year were:
|
|
|
|
S O Lennon
(appointed
5 October 2020
)
|
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
Apple Corps Limited
Secretary
|
|
|
|
REGISTERED NUMBER:00932123
INCOME STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2021
The Company has not traded during the year
or the preceding financial year. During these periods, the Company received no income and incurred no expenditure and therefore made neither profit or loss.
|
STATEMENT OF FINANCIAL POSITION
AS AT
31 JANUARY 2021
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended 31 January 2021 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
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 were approved and authorised for issue by the board and were signed on its behalf by
:
The notes on pages 3 to 4 form part of these financial statements.
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021
Python Music Limited is a limited company incorporated in England and Wales, with its registered office address at 27 Ovington Square, London, SW3 1LJ.
The Company has not traded during the current or preceding financial year.
2.
Accounting policies
|
|
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
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland, and the Companies Act 2006
.
The financial statements have been prepared on a going concern basis on the assumption that the parent and associated undertakings will provide any necessary financial support to the Company to enable it to meet its liabilities as and when they fall due for payment. The directors have no reason to believe this financial support will not continue in the future and consider it appropriate to adopt a going concern basis.
In these financial statements undertakings are described as affiliated to Python Music Limited if the undertaking is owned by one or more of the ultimate shareholders of Python Music Limited's parent undertaking, Apple Corps Limited.
Short term creditors are measured at the transaction price.
|
Amounts owed to group undertakings
|
|
|
|
Amounts owed to associated undertaking
|
|
|
|
Amounts owed to affiliated undertaking
|
|
|
|
|
|
|
|
|
|
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021
|
|
Allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
2
Ordinary
shares of £
1
each
|
|
|
The parent undertaking of the largest and smallest group of undertakings of which the Company is a member and for which group financial statements are prepared is Apple Corps Limited. It is also the Company's ultimate parent undertaking and controlling party. Copies of Apple Corps Limited's financial statements can be obtained from the Registrar of Companies in Cardiff.
|