MUSIC BOX WEALDEN CIC

Company limited by guarantee

Company Registration Number:
13894214 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 4 February 2022

End date: 28 February 2023

MUSIC BOX WEALDEN CIC

Contents of the Financial Statements

for the Period Ended 28 February 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MUSIC BOX WEALDEN CIC

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal activities of the company

Principal activity of the company during the financial period was of Performing arts.



Directors

The director shown below has held office during the period of
4 October 2022 to 28 February 2023

Jozef Leon Kotz


The director shown below has held office during the period of
3 October 2022 to 28 February 2023

Noa Lachman


The director shown below has held office during the whole of the period from
4 February 2022 to 28 February 2023

William Roger Hancox


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 November 2023

And signed on behalf of the board by:
Name: Noa Lachman
Status: Director

MUSIC BOX WEALDEN CIC

Balance sheet

As at 28 February 2023

Notes 13 months to 28 February 2023


£
Current assets
Debtors: 3 20
Cash at bank and in hand: 690
Total current assets: 710
Creditors: amounts falling due within one year: 4 ( 2,910 )
Net current assets (liabilities): (2,200)
Total assets less current liabilities: (2,200)
Accruals and deferred income: ( 479 )
Total net assets (liabilities): (2,679)
Members' funds
Profit and loss account: (2,679)
Total members' funds: ( 2,679)

The notes form part of these financial statements

MUSIC BOX WEALDEN CIC

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 3 November 2023
and signed on behalf of the board by:

Name: Noa Lachman
Status: Director

The notes form part of these financial statements

MUSIC BOX WEALDEN CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    TurnoverTurnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Other accounting policies

    Going ConcernThe financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

MUSIC BOX WEALDEN CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    13 months to 28 February 2023
    Average number of employees during the period 0

MUSIC BOX WEALDEN CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Debtors

13 months to 28 February 2023
£
Trade debtors 20
Total 20

MUSIC BOX WEALDEN CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

13 months to 28 February 2023
£
Other creditors 2,910
Total 2,910

COMMUNITY INTEREST ANNUAL REPORT

MUSIC BOX WEALDEN CIC

Company Number: 13894214 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

The company provides high quality classical concerts and educational events to residents of Wealden. Our emphasis is on localism, sustainability and accessibility, providing employment to local professional musicians and reducing the distances which audience members must travel to access concerts. The company’s first concert was in November 2022.The financial year 2022-2023 was the first year of the company’s operation. During this period the company:-Collaborated with a local web design company and set up a website to publicise its activities and enable the purchase of tickets and memberships.-Employed three local artists for an inaugural concert in collaboration with the local university which sold out and demonstrated a clear demand for our service.-Planed a series of events for the following season booking local venues and local artists.

Consultation with stakeholders

-During the set-up period the directors carried out extensive market research at concerts, with local choirs and at other musical events in the area. At our first concert in November 2022, we distributed forms to the audience, and used the feedback we collected to help us plan our concert series for 2023 appropriately.-We established that access to our concerts for young people was important to our audience and instituted a policy of free tickets to all our concerts for under 18s.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
3 November 2023

And signed on behalf of the board by:
Name: Noa Lachman
Status: Director