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Registered number: 02671683














BRICK LANE MUSIC HALL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

 
BRICK LANE MUSIC HALL LIMITED
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 
BRICK LANE MUSIC HALL LIMITED
REGISTERED NUMBER:02671683

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
111,404
126,137

Current assets
  

Debtors: amounts falling due within one year
 5 
576
848

Bank and cash balances
  
92,579
131,237

  
93,155
132,085

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(97,730)
(91,235)

Net current (liabilities)/assets
  
 
 
(4,575)
 
 
40,850

Total assets less current liabilities
  
106,829
166,987

Creditors: amounts falling due after more than one year
 7 
(11,633)
(29,099)

Deferred tax
 9 
(14,566)
(22,092)

Net assets
  
80,630
115,796


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
80,530
115,696

  
80,630
115,796


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

Page 1

 
BRICK LANE MUSIC HALL LIMITED
REGISTERED NUMBER:02671683
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 August 2024.




T P V Hayes MBE
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BRICK LANE MUSIC HALL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

The company is a private limited liability company registered in England and Wales with its registered office and business address at 443 North Woolwich Road, Silvertown, London, E16 2DA.
The principal activity of the company is the operation of a music hall in the East End of London.
The functional and presentational currency of the company is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has a reasonable expectation that the Company will continue to have access to adequate resources for at least twelve months from the date of his approval of these financial statements. Accordingly, he continues to adopt the going concern basis. 

 
2.3

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Revenue is recognised at the point of supply. Amounts received in advance for future events are carried forward as deferred income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
BRICK LANE MUSIC HALL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
over the term of the lease
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
BRICK LANE MUSIC HALL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
BRICK LANE MUSIC HALL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost


At 1 February 2023
231,670
308,599
213,111
753,380


Additions
-
11,529
3,000
14,529



At 31 January 2024

231,670
320,128
216,111
767,909



Depreciation


At 1 February 2023
213,741
238,990
174,513
627,244


Charge for the year on owned assets
11,586
11,432
6,243
29,261



At 31 January 2024

225,327
250,422
180,756
656,505



Net book value



At 31 January 2024
6,343
69,706
35,355
111,404



At 31 January 2023
17,929
69,609
38,599
126,137


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
-
272

Tax recoverable
576
576

576
848


Page 6

 
BRICK LANE MUSIC HALL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
17,478
8,737

Trade creditors
462
10,962

Taxation and social security
13,268
11,443

Other creditors
23,095
45,928

Accruals and deferred income
43,427
14,165

97,730
91,235



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,633
29,099



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
17,478
8,737

Amounts falling due 1-2 years

Bank loans
9,815
8,958

Amounts falling due 2-5 years

Bank loans
1,818
20,141


29,111
37,836


Page 7

 
BRICK LANE MUSIC HALL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Deferred taxation




2024


£






At beginning of year
22,092


Released to profit or loss
(7,526)



At end of year
14,566

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
21,780
22,092

Tax losses carried forward
(7,214)
-


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

The company shares premises and facilities with The Brick Lane Music Hall Limited CharityT P V Hayes is a trustee of The Brick Lane Music Hall Limited Charity.

 
Page 8