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REGISTERED NUMBER: 02959265 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

County Music Limited

County Music Limited (Registered number: 02959265)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


County Music Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: L J McIntosh





REGISTERED OFFICE: Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ





REGISTERED NUMBER: 02959265 (England and Wales)





ACCOUNTANTS: Berry & Company
Chartered Accountants
Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ

County Music Limited (Registered number: 02959265)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 3 277,628
4 277,629

CURRENT ASSETS
Debtors 6 - 3,284
Cash at bank 530,477 3,647
530,477 6,931
CREDITORS
Amounts falling due within one year 7 53,654 146,700
NET CURRENT ASSETS/(LIABILITIES) 476,823 (139,769 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

476,827

137,860

CREDITORS
Amounts falling due after more than one
year

8

-

21,266
NET ASSETS 476,827 116,594

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 476,824 116,591
SHAREHOLDERS' FUNDS 476,827 116,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

County Music Limited (Registered number: 02959265)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 February 2024 and were signed by:





L J McIntosh - Director


County Music Limited (Registered number: 02959265)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

County Music Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1994, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost and not provided
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

County Music Limited (Registered number: 02959265)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 19,998
AMORTISATION
At 1 October 2022
and 30 September 2023 19,997
NET BOOK VALUE
At 30 September 2023 1
At 30 September 2022 1

5. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 October 2022 414,140 1 9,884
Disposals (414,140 ) - -
At 30 September 2023 - 1 9,884
DEPRECIATION
At 1 October 2022 140,010 - 9,883
Charge for year - - -
Eliminated on disposal (140,010 ) - -
At 30 September 2023 - - 9,883
NET BOOK VALUE
At 30 September 2023 - 1 1
At 30 September 2022 274,130 1 1

County Music Limited (Registered number: 02959265)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 729 15,266 8,584 448,604
Disposals - - - (414,140 )
At 30 September 2023 729 15,266 8,584 34,464
DEPRECIATION
At 1 October 2022 729 11,771 8,583 170,976
Charge for year - 3,495 - 3,495
Eliminated on disposal - - - (140,010 )
At 30 September 2023 729 15,266 8,583 34,461
NET BOOK VALUE
At 30 September 2023 - - 1 3
At 30 September 2022 - 3,495 1 277,628

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 3,284

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 11,425
Trade creditors - 2,550
Taxation and social security 3,703 8,476
Other creditors 49,951 124,249
53,654 146,700

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 21,266

County Music Limited (Registered number: 02959265)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 32,691

The bank overdraft and bank loan are secured by way of a first charge over the freehold property at 14 - 16 Castle Street, Canterbury, Kent,.

10. ULTIMATE CONTROLLING PARTY

The controlling party is L J McIntosh.