Registered Number 05163313
DAVID PLATZ MUSIC LIMITED
Abbreviated Accounts
30 June 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 5 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Freehold buildings 1% and 10%
Fixtures, fittings & equipment 20% and 25%
Motor vehicles 25%
Intangible assets amortisation policy
Valuation information and policy
Other accounting policies
Cost of sales includes royalties payable and other direct costs. Royalties payable are written-off to the extent that amounts are contractually paid or are payable in respect of the year under review.
Pensions
The pension costs charged in the accounts represent the contributions payable by the company during the year.
Deferred taxation
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date except that the recognition of deferred tax assets is limited to the extent that the company anticipates to make sufficient taxable profits in the future to absorb the reversal of the underlying timing differences. Deferred tax balances are not discounted.
£ | |
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Cost | |
At 1 July 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 June 2016 |
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Amortisation | |
At 1 July 2015 |
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Charge for the year |
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On disposals |
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At 30 June 2016 |
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Net book values | |
At 30 June 2016 | 48,140 |
At 30 June 2015 | 87,098 |
£ | |
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Cost | |
At 1 July 2015 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 30 June 2016 |
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Depreciation | |
At 1 July 2015 |
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Charge for the year |
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On disposals |
( |
At 30 June 2016 |
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Net book values | |
At 30 June 2016 | 0 |
At 30 June 2015 | 731,454 |
4
Fixed assets Investments
Unless noted all financial information relates to the year ended 30 June 2016.
The following are, direct and indirect, wholly-owned subsidiary companies.
Onward Music Ltd is a music publisher - the total of share capital and reserves amounted to £1,477,782 and the profit for the year was £298,451.
Cube Records Ltd is dormant - the total of share capital and reserves amounted to £1 and the profit for the year was £nil.
Hummingbird Productions Ltd is a record producer - the total of share capital and reserves amounted to £5,614 and the profit for the year was £1,439.
Noeland Productions Ltd is a record producer - the total of share capital and reserves amounted to £16,725 and the profit for the year was £6,217.
Tarantula Productions Ltd is a record producer - the total of share capital and reserves amounted to £8,255 and the profit for the year was £2,574.
Tuesday Productions Ltd is a record producer - the total of share capital and reserves amounted to £39,371 and the profit for the year was £9,897.
The following are companies, all (unless noted) of which are music publishers, in which a participating interest of at least 20% is held:
Coda Music Ltd - at 31 December 2015, the total share capital and reserves amounted to £28,253 and the profit for the year was £1,226.
Newquay Music Ltd - at 31 March 2016, the total deficit in share capital and reserves amounted to £46,626 and the profit for the year was £6,260.
Harmony Music Ltd - the total share capital and reserves amounted to £173,882 and the profit for the year was £699.
Key Music Ltd - the total share capital and reserves amounted to £26,131 and the profit for the year was £189.
Kew Music Holdings Ltd (a holding company only) – at 31 December 2015 the total share capital and reserves was £1,000 with no profit or loss.