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BOURNE MUSIC LIMITED
REGISTERED NUMBER:
00487002
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BALANCE SHEET
AS AT
31 DECEMBER 2019
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Notes
Bourne Music Limited is a private company, limited by shares, registered in England and Wales, registration number
00487002
. The registered office address is Somerset House C/O Jwss Law Llp, Strand, London, Westminster, WC2R 1LA.
The principal activity of the company continued to be that of music publishing and other related services in the entertainment industry.
The directors are assessing, on a daily basis, the impact of the significant uncertainty arising from the COVID-19 virus. The directors appreciate there is significant uncertainty surrounding the future economic climate. The company is in the entertainment industry but it is sheltered from the unprecedented epidemic as its main source of income is royalties. However the company is not complacent and is taking steps to adjust and re-assess its operations to ensure the company’s working capital is adjusted in response to the uncertainty. The directors are satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.
Average number of employees
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The average monthly number of employees, including directors, during the year was
2
(2018 -
2
)
.
Directors' benefits: advances, credits and guarantees
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During the year, the director advanced £5,200 (2018 - £5,213) to the company. As at the year end, the company owed £76,302 (2018 - £71,102) to the director. This loan is unsecured, interest free and repayable on demand.
1
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