NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
JEM Music Group Limited is a private company, limited by shares, registered in England and Wales, registration number 06101754. 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 an investment holding company.
2.Accounting policies
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Basis of preparation of financial statements
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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.
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Functional and presentation currency
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The company's functional and presentational currency is pound sterling.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment.
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, other creditors, loans with related parties and investment in ordinary shares.
Short-term creditors are measured at the transaction price.
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The average monthly number of employees, including a director, during the year was 1 (2022 - 1).
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