MUSIC BOX WEALDEN CIC

Company limited by guarantee

Company Registration Number:
13894214 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

MUSIC BOX WEALDEN CIC

Contents of the Financial Statements

for the Period Ended 29 February 2024

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

MUSIC BOX WEALDEN CIC

Directors' report period ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Principal activities of the company

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



Directors

The directors shown below have held office during the whole of the period from
1 March 2023 to 29 February 2024

William Roger Hancox
Jozef Leon Kotz
Noa Lachman


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
29 November 2024

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

MUSIC BOX WEALDEN CIC

Balance sheet

As at 29 February 2024

Notes 2024 13 months to 28 February 2023


£

£
Current assets
Debtors: 3 28 20
Cash at bank and in hand: 10,761 690
Total current assets: 10,789 710
Prepayments and accrued income: 2 0
Creditors: amounts falling due within one year: 4 0 ( 2,910 )
Net current assets (liabilities): 10,791 (2,200)
Total assets less current liabilities: 10,791 ( 2,200)
Creditors: amounts falling due after more than one year: 5 ( 13,410 ) 0
Accruals and deferred income: ( 480 ) ( 479 )
Total net assets (liabilities): (3,099) (2,679)
Members' funds
Profit and loss account: (3,099) ( 2,679)
Total members' funds: ( 3,099) (2,679)

The notes form part of these financial statements

MUSIC BOX WEALDEN CIC

Balance sheet statements

For the year ending 29 February 2024 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 29 November 2024
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 29 February 2024

  • 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

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

    Other accounting policies

    Going Concern The 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. Turnover

MUSIC BOX WEALDEN CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 13 months to 28 February 2023
    Average number of employees during the period 0 0

MUSIC BOX WEALDEN CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Debtors

2024 13 months to 28 February 2023
£ £
Trade debtors 28 20
Total 28 20

MUSIC BOX WEALDEN CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Creditors: amounts falling due within one year note

2024 13 months to 28 February 2023
£ £
Other creditors 0 2,910
Total 0 2,910

MUSIC BOX WEALDEN CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Creditors: amounts falling due after more than one year note

2024 13 months to 28 February 2023
£ £
Other creditors 13,410 0
Total 13,410 0

COMMUNITY INTEREST ANNUAL REPORT

MUSIC BOX WEALDEN CIC

Company Number: 13894214 (England and Wales)

Year Ending: 29 February 2024

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 financial year 2023-2024 was the second year of the company’s operation. During this period the company: Promoted 10 concerts and 1talk in the area, using local professional musicians and local venues. Launched a membership scheme Planned a series of events for the following season Continued to update and revise our website

Consultation with stakeholders

During the season the directors carried out market research at concerts, with local choirs and at other musical events in the area. We used the feedback we collected to help us plan our next concerts appropriately. Having established that access to our concerts for young people was important to our audience we instituted a policy of free tickets to all our concerts for under 18s. We encouraged our audiences to give us feedback and to let us know their views via our website.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors was £500 in respect of services they provided as professional freelance musicians.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 November 2024

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