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REGISTERED NUMBER: 03166746 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Hindhead Music Centre Limited

Hindhead Music Centre Limited (Registered number: 03166746)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hindhead Music Centre Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs A Hughes-Chamberlain
J R A Hughes-Chamberlain





SECRETARY: J R A Hughes-Chamberlain





REGISTERED OFFICE: 39 Station Road
Liphook
Hampshire
GU30 7DW





REGISTERED NUMBER: 03166746 (England and Wales)





ACCOUNTANTS: Tropman & Co Limited
39 Station Road
Liphook
Hampshire
GU30 7DW

Hindhead Music Centre Limited (Registered number: 03166746)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,270 74,604

CURRENT ASSETS
Debtors 5 14,011 21,410
Cash at bank and in hand 13,243 1,905
27,254 23,315
CREDITORS
Amounts falling due within one year 6 77,637 62,212
NET CURRENT LIABILITIES (50,383 ) (38,897 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,887

35,707

RESERVES
Income and expenditure account 24,887 35,707
24,887 35,707

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Mrs A Hughes-Chamberlain - Director


Hindhead Music Centre Limited (Registered number: 03166746)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hindhead Music Centre Limited is a private company, limited by guarantee , 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.
Fixtures, fittings & equipment - 25% on reducing balance
Musical instruments - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures,
to fittings Musical
property & equipment instruments Totals
£    £    £    £   
COST
At 1 April 2023 60,888 83,907 37,747 182,542
Additions - 5,460 - 5,460
At 31 March 2024 60,888 89,367 37,747 188,002
DEPRECIATION
At 1 April 2023 - 70,965 36,973 107,938
Charge for year - 4,600 194 4,794
At 31 March 2024 - 75,565 37,167 112,732
NET BOOK VALUE
At 31 March 2024 60,888 13,802 580 75,270
At 31 March 2023 60,888 12,942 774 74,604

Hindhead Music Centre Limited (Registered number: 03166746)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 13,763 21,156
Other debtors - 6
Prepayments 248 248
14,011 21,410

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 6,337 6,882
Social security and other taxes - 277
Other creditors 5,000 5,000
Credit card 434 154
Directors' current accounts 49,403 26,043
Accruals & deferred income 16,463 23,856
77,637 62,212

7. RELATED PARTY DISCLOSURES

The company paid a rental charge of £15,500 to Mrs A.M.M. Hughes-Chamberlain who is a director of the company.

8. SHARE CAPITAL

The company is limited by guarantee and does not have an issued share capital. The liability of each member is limited to £10.