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REGISTERED NUMBER: 10920279 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GB MUSIC PRODUCTIONS LIMITED

GB MUSIC PRODUCTIONS LIMITED (REGISTERED NUMBER: 10920279)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GB MUSIC PRODUCTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: G Branch





REGISTERED OFFICE: Glebe Cottage
Tilford Road
Rushmoor
Farnham
Surrey
GU10 2EN





REGISTERED NUMBER: 10920279 (England and Wales)





ACCOUNTANTS: Tiakyfee Consultants Ltd
5 Dukes Close
Alton
Hampshire
GU34 1PH

GB MUSIC PRODUCTIONS LIMITED (REGISTERED NUMBER: 10920279)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 288 -

CURRENT ASSETS
Debtors 5 13,063 8,962
Cash at bank 8,532 15,853
21,595 24,815
CREDITORS
Amounts falling due within one year 6 1,710 1,770
NET CURRENT ASSETS 19,885 23,045
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,173

23,045

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 20,172 23,044
20,173 23,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

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 28 November 2024 and were signed by:





G Branch - Director


GB MUSIC PRODUCTIONS LIMITED (REGISTERED NUMBER: 10920279)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

GB Music Productions 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The director has concluded that the going concern basis of accounting is appropriate.

The company has been materially and adversely affected by the effect of Covid 19 pandemic. Demand for the company's services has been significantly reduced due to Government lock down restrictions.

The director continues to support the company and it is anticipated that trade will resume now that Covid 19 restrictions have been lifted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

GB MUSIC PRODUCTIONS LIMITED (REGISTERED NUMBER: 10920279)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 2,785
Additions 433
At 31 August 2024 3,218
DEPRECIATION
At 1 September 2023 2,785
Charge for year 145
At 31 August 2024 2,930
NET BOOK VALUE
At 31 August 2024 288

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 4,800 4,800
Other debtors 8,263 4,162
13,063 8,962

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 760 821
Other creditors 950 949
1,710 1,770

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
G Branch
Balance outstanding at start of year 4,162 (2,415 )
Amounts advanced 8,301 6,577
Amounts repaid (4,200 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,263 4,162

The directors loan account was repaid within nine months of the financial year end.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Branch.